Senior Lead Counsel 1 - Product - SVP
About The Position
The Senior Lead Counsel I is a senior-level position providing legal guidance and thought leadership to Citi’s Americas Futures and Derivatives Clearing business. The role provides legal support, advice, and guidance to the Business, and requires a pragmatic, proactive attorney with a thorough understanding of the Business and a solid conceptual and practical grounding in the laws and regulations of the geographies in which it operates. The attorney contributes to strategic decisions and develops proactive, risk-appropriate, commercially practical, business-oriented solutions using sound legal judgment. The position provides counsel on business matters and strategic initiatives; interprets relevant laws, rules, regulations, and industry practices; and advises business management on legal issues affecting the Business. It evaluates proposals against institutional knowledge, risk appetite, industry standards, accepted practices, laws, and regulatory guidance. The role collaborates with internal business and control functions and with regional and global Legal teams, contributes legal and industry thought leadership to business planning, and helps identify and manage legal, regulatory, and reputational risk. It also manages day-to-day legal matters as a subject matter expert, advises business partners, and monitors complex legal issues and transactions. The role is responsible for assessing risk in business decisions, considering the firm’s reputation and safeguarding Citigroup, its clients, and assets. It drives compliance with applicable requirements and policies, applies sound ethical judgment, escalates and transparently manages and reports control issues, and supervises others’ activity while creating accountability for maintaining standards.
Requirements
- 7 to 10+ years of relevant industry experience, preferably in financial services.
- Banking or financial industry experience, including knowledge of laws related to banking regulations.
- Knowledge of applicable laws, regulations, and industry practices affecting financial markets participants.
- Experience with complex deals and contractual negotiations, with the ability to analyze issues and develop practical legal solutions.
- Effective communication and negotiation skills and the ability to build and maintain trusted relationships.
- Excellent interpersonal, organizational, and relationship management skills.
- Proven ability to apply sound judgment while managing assignments in a demanding, fast-paced environment.
- Bar license in good standing to practice law.
- Juris Doctorate or equivalent law degree.
Nice To Haves
- Familiarity with CFTC, NFA, exchange, and clearinghouse rules.
- Experience negotiating agreements on behalf of futures commission merchants, clearing brokers, derivatives market participants, exchanges, or clearinghouses.
Responsibilities
- Provide legal counsel to the Business, participate in strategic initiatives, interpret relevant laws, rules, regulations, and industry practices, and advise business management on legal matters affecting the Business.
- Evaluate Business proposals against institutional knowledge and risk appetite, industry standards, accepted business practices, laws, rules, and regulatory guidelines; escalate matters as appropriate.
- Collaborate across internal lines of business and control and support functions, and coordinate with regional and global Legal teams.
- Participate in Business planning and development initiatives and contribute thought leadership informed by knowledge of the industry, laws, and regulations.
- Identify, evaluate, and contribute to the management of legal, regulatory, and reputational risk by collaborating with ICRM and Risk, monitoring legal developments, participating in internal projects, and escalating as appropriate.
- Manage day-to-day legal activities as a subject matter expert and provide advisory services to business partners.
- Monitor the management of complex legal issues and transactions, escalating when necessary.
- Assess risk in business decisions, support compliance with laws, rules, regulations, and policy, apply sound ethical judgment, and safeguard the firm, clients, and assets.
- Escalate, manage, and transparently report control issues; effectively supervise others’ activity and hold accountable those who do not maintain required standards.
Benefits
- Medical, dental, and vision coverage
- 401(k)
- Life, accident, and disability insurance
- Wellness programs
- Paid time off, including vacation and sick leave
- Paid holidays
- Eligible employees may receive discretionary and formulaic incentive and retention awards
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Ph.D. or professional degree
