Senior Lead Counsel - Prime Finance

Citi • New York, NY

6d

About The Position

The Senior Lead Counsel - Prime Finance is a senior level position responsible for providing legal guidance and thought leadership to the business. The overall objective of this role is to provide legal support, advice, and guidance to the business. You will be a member of the Prime Finance team and work closely with stakeholders to address legal and regulatory questions and issues that arise in connection with the Prime Finance business. You will play a leading role in helping the business navigate regulatory landscape for a U.S. broker dealer entity, advice on platform and product structures.

Requirements

• Knowledge of U.S. margin regulation and customer protection laws (such as portfolio margin rules, Regulation T, Regulation U, Regulation X, Rule 15c3-3, FINRA 4210 Rule, UCC Articles 8 and 9, Bankruptcy Code safe harbors, Rule 15a-6).
• 7+ years of relevant industry experience, preferably in financial services
• Banking or financial industry experience, including laws related to banking regulations
• Knowledge of international laws, regulations and practices while staying abreast of regulatory and legal environment, internal policies and industry trends that impact the business
• 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
• Bar license in good standing to practice law
• Juris Doctorate or equivalent law degree

Responsibilities

• Provide legal and regulatory advice to stakeholders in the Prime Finance business covering prime brokerage, margin lending, and other forms of securities financing transactions.
• Serve as lead lawyer in connection with platform and product development, collaborate with stakeholders to provide advice on regulatory and legal implications and issues.
• Assist on advocacy on regulatory rulemaking relevant to the Prime Finance business.
• Manage day-to-day legal activities as a subject matter expert in area of responsibility and provide advisory services to business partners
• Monitor management of complex legal issues and transactions, escalating when necessary
• 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

Benefits

• In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• For additional information regarding Citi employee benefits, please visit citibenefits.com.
• Available offerings may vary by jurisdiction, job level, and date of hire.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Ph.D. or professional degree