Lead Counsel 2 - Global Finance (Hybrid)

Job Description

The Lead Counsel II is a senior level position responsible for providing legal guidance and thought leadership to the Markets Treasury business in North America and Latin America.  The overall objective of this role is to provide legal support, advice, and guidance to the business, by (i) reviewing, negotiating and revising transaction documentation and (ii) advising the business of contractual terms.

The role resides within the Rates and Markets Treasury Legal team.  The role holder will be an attorney dedicated coverage lawyer supporting securities financing transactions in Markets Treasury businesses in North America and Latin America (“Covered Business”). 

The role holder will provide (i) advice on US related legal issues relevant to the securities financing business for the Covered Business, and (ii) assist senior lawyers in covering such businesses and (iii) providing support in advising and negotiating other relevant transaction documentation which might be undertaken by the Rates and Markets Treasury team based in Tampa and New York.   

The role requires knowledge of laws and regulations applicable to the Markets Treasury business. The role holder is also expected to answer questions from the business relating to contract interpretation (including related to the SIFMA Master Repurchase Agreement and ICMA Global Master Repurchase Agreement), review and advise on cross product margining agreements and related matters  and to draft and negotiate bespoke terms (e.g. long form confirmations). The role holder will be required to have highly developed communication skills, be able to identify regulatory and legal issues and an ability to propose risk mitigation solutions.  

The ability to work collaboratively and independently to analyze complex legal issues, exercise good judgement, recommend a risk-mitigated course of action, , have highly developed oral and written communication skill, and remain resilient under pressure are all essential skills. The role holder will also be required to develop and start building a strong internal network across Legal and have a positive attitude and be open to learning new skills. 

Responsibilities:

• Responsible for providing legal counsel to the Business, 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
• Partners with legal peers to objectively evaluate 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, control/support functions and/or external counsel 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 business planning and development initiatives; contributes 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 area of responsibility and provide advisory services to business partners
• Monitors 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
• Support the Covered Business on transaction execution, including by (i) reviewing and revising transaction documentation such as the SIFMA Master Repurchase Agreement and ICMA Global Master Repurchase Agreement, (ii) advising the business of contractual terms and soliciting business input on business goals and (iii) identify risks to the business and credit partners

Qualifications:

• 6-10 years of relevant industry experience, preferably in financial services with 3- 5 years in an attorney role.
• 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 licensed in good standing to practice law

Education:

Juris Doctorate or experience equivalent to that of a practicing lawyer.

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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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