Regulatory Inventory Advisory Executive Group Manager

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Job Overview

Citi, a global financial leader operating in over 160 countries and jurisdictions, offers an unparalleled platform for financial regulatory lawyers. With its vast and sophisticated institutional, commercial, and consumer banking operations, Citi provides an exciting and dynamic environment for growth. Our Legal Department, an almost 2,000-person global team, is integral to our success, navigating complex legal landscapes and contributing to Citi's enduring strength as a preeminent financial institution. Join us to be part of a team that thrives on innovation, collaboration, and a commitment to excellence, making Citi an exceptional place to further your legal career.

The Regulatory Inventory Advisory Executive Group Manager serves as a key strategic business partner providing legal assistance and support to senior stakeholders on behalf of the Regulatory Requirements and Obligations (RRO) Legal team within the Financial Services Regulatory Legal team. This role is responsible for leading a global team of approximately 25 lawyers and legal professionals that draft, maintain, and advise on Financial Regulatory Inventory (FRI) content and regulatory requirements for prudential and consumer protection regulations globally, as part of Citi’s broader Regulations Management Framework.  The team’s mandate includes maintaining and advising on FRI content for significant regulations that apply to Citi globally, including regulations classified as Tier 1 under Citi’s Regulations Management Framework.   The role holder will provide legal assistance to and advise stakeholders on nuanced and complex aspects of regulatory requirements, including whether regulations have extra-territorial (ETR) impact and specific legal entity implications.  The role holder will champion a high performance environment, implementing a people strategy that attracts, retains, develops, and motivates the team by communicating vision/values/business strategy and managing succession and development planning for the team. In addition, the role holder will maintain a close working relationship with senior Citi lawyers and Independent Compliance Risk Management (ICRM) on all matters related to FRI content, including leveraging FRI content for Citi’s broader compliance risk management activities, such as regulatory mapping conducted under Citi’s Tier 1 Regulation Ownership Accountability Framework.

The RRO Legal team more broadly is responsible for identifying regulatory changes and maintaining and advising on FRI content globally, for approximately 1,000 regulators across the more than 90 countries where Citi has a presence.  These activities – including the FRI that contains more than 12,000 regulations – are a critical component of Citi’s broader Regulations Management Framework.  That framework ensures that Citi identifies regulatory changes, assesses their impact, implements against and inventories applicable requirements, and maps the requirements to appropriate businesses, functions, and controls.  

Responsibilities:

• Serve as a key strategic business partner providing legal assistance and support to senior stakeholders on behalf of the RRO Legal team.

• Advise stakeholders on nuanced and complex aspects of regulatory requirements, including whether the regulations have ETR impact and specific legal entity implications.

• Collaborate with other functions, such as ICRM, Risk, and Finance, by acting as a key advisor on the interpretation of significant regulatory changes.

• Manage global team of senior professionals, including lawyers and legal professionals, responsible for diverse, complex activities; actively set the functional strategy/agenda for team, with primary accountability for the end results.

• Serve as a key stakeholder in senior forums covering strategy, risk management, governance, regulatory interactions, franchise reputation and/or highly complex or high-risk issues arising as part of job remit.

• Represent the firm both internally and externally, as necessary, in particular with Internal Audit and regulators. 

• Anticipate, evaluate, and appropriately respond to developments and regulatory changes both in the U.S. and globally, that impact relevant Citi activities.

• Manage and coordinate the provision of outside counsel, where appropriate.

• Have authority to negotiate, advise, and/or make independent decisions on issues and activities that have critical impact on one or more of: company revenues, expenses, capital, risk and controls, country/cluster, or business/function operations.

• Appropriately assess regulatory risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citi, 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:

•15+ years of relevant industry experience, including experience in an in-house legal role; 10+ years' managerial experience

•Excellent leadership, interpersonal, organizational and relationship management skills

•Experience in working with regulators/regulatory bodies is preferred

•Knowledge and expertise on specific laws, rules and regulations and enforcement actions related to regulations while staying abreast of the changing regulatory and legal environment, internal policies and industry trends that impact the business

•Proven ability to apply sound judgement while managing complex subject matter and issues

•Experience in managing a large, geographically diverse teams across multiple cultures

•Comprehensive knowledge of US and international laws and practices

•Excellent written, verbal, presentation, problem solving and analytical skills

•Ability to handle multiple complex and confidential matters under time and pressure

•Effective negotiation skills and ability to build and maintain effective relationships at executive levels

•License to practice law in good standing

Education:
Juris Doctorate or equivalent law degree

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Job Family Group:

Legal

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Job Family:

Legal - Enterprise

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$250,000.00 - $500,000.00

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.

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Anticipated Posting Close Date:

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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