The Senior Lead Counsel I is a senior level position responsible for providing legal guidance and thought leadership to the Wealth Capital Markets Business. The Wealth Capital Markets Business covers a broad range of investment products including cash securities trading; OTC derivatives; exchange traded derivatives; and structured products, across all major asset classes. The overall objective of this role is to provide legal support, advice, and guidance to the Wealth Capital Markets Business and, as required, the CPB Business more generally. The role will be the lead day-to-day contact for transactional and regulatory matters relating to derivatives products.
This role requires a pragmatic, proactive lawyer with thorough understanding of the business, combined with a solid conceptual / practical grounding in the applicable laws and regulations. Provides input into strategic decisions, exercising sound legal judgement to develop proactive, risk-appropriate, and commercially practical business-oriented solutions.
Responsibilities:
• Responsible for providing legal counsel to the Wealth Capital Markets Business with a particular focus on OTC and exchange-traded derivative products from a transactional and regulatory perspective;
• Responsible for reviewing and drafting templates and bespoke agreements, and negotiating client and counterparty documentation;
• Delivering timely and accurate advice in relation to transactional derivatives through deep technical expertise and industry experience;
• Responsible for advising on netting and collateral enforceability and eligibility for the Wealth Capital Markets Business;
• Engaging with Wealth Capital Markets Business stakeholders to promptly respond to queries relating to derivatives transactions, including on bilateral margining and mandatory clearing requirements;
• Delivering training on derivatives topics to the Wealth Markets Business and to more junior Legal team members supporting on derivatives matters;
• The role also requires participating in strategic initiatives, providing subject matter expertise and interpretations of relevant laws, rules, regulations, and industry practices, and advising business management on legal matters impacting the business;
• Collaborate with internal stakeholders and with external advisers to interpret and implement new regulation and revisions to existing regulation related to the Wealth Capital Markets Business and, from time to time, CPB more generally;
• Objectively evaluates Business proposals by applying institutional knowledge and risk appetite against industry standards, widely accepted business practices, laws, rules, and regulatory guidelines, escalating as appropriate;
• Collaborates across internal lines of business and control/support functions to achieve coordinated and efficient outcomes on matters of common interest; coordinate closely with the Legal team on a regional and global basis;
• Participates in CPB and Wealth Capital Markets planning and development initiatives, such as new product proposals; contribute to business objectives by providing thought leadership using knowledge of industry, laws, and regulations;
• Proactively identifies, evaluates, and contributes to the appropriate management of legal, regulatory, and reputational risk by collaborating with ICRM & Risk, following relevant legal developments, participating in internal projects, escalating as appropriate;
• Manages day-to-day legal activities as a subject matter expert in derivatives and provide advisory services to business partners in respect of derivatives and Wealth Capital Markets matters more generally;
• Monitors management of complex legal issues and transactions, escalating when necessary; and
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm’s reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:
• Extensive post-qualification experience, with expertise in derivative transactions and a sound understanding of other types of Capital Markets products and the applicable regulatory framework;
• Banking or financial industry experience, including laws related to banking regulations, ideally within a private banking or wealth management context, or from a law firm with experience of dealing with retail and professional client types on a cross border basis;
• Knowledge of international laws, regulations and practices while staying abreast of regulatory and legal environment, internal policies and industry trends that impact the business (including MiFID/MiFIR, EMIR, CFTC and Dodd Frank rules as they relate to Capital Markets products);
• Experience with complex deals, demonstrated ability to analyze issues and develop legal solutions;
• Effective communication and negotiation skills and ability to build and maintain trusted relationships;
• Excellent interpersonal, organizational and relationship management skills;
• Proven ability to apply sound judgement while managing assignments in a demanding, fast-paced environment; and
• Bar license/practicing certificate in good standing to practice law.
Education:
• Juris Doctorate/LLB or equivalent law degree or post-graduate qualification.
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Job Family Group:
Legal
Job Family:
Legal - Product
Time Type:
Full time
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Citi is an equal opportunity and affirmative action employer.
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