Senior Lead Counsel 1 - Product - SVP

Citi; New York (NY); On-site; USD 211,000 - 317,000; Full time

Benefits offered by this job

Medical, dental & vision coverage

401(k)

Life insurance

Disability insurance

Paid time off

Job summary

Citi in New York seeks a Senior Lead Counsel I to provide legal guidance to the Americas Futures and Derivatives Clearing business and to lead strategic risk-aware initiatives. The role demands a proactive attorney with deep regulatory knowledge and the ability to influence senior management on complex matters.

You will collaborate with global Legal teams, ICRM, and Risk to shape compliant, commercially sound outcomes while managing sophisticated negotiations and governance across geographies.

Qualifications

• 7 to 10+ years of relevant industry experience in financial services.
• Banking or financial industry experience with banking regulations.
• Knowledge of laws affecting financial markets; familiarity with CFTC/NFA/exchange rules.
• Experience negotiating complex deals for futures, clearing brokers, or exchanges.
• Strong communication and relationship-building abilities.
• Bar license in good standing to practice law.
• Juris Doctorate or equivalent law degree.

Responsibilities

• Provide legal counsel to Citi's Americas Futures and Derivatives Clearing business.
• Evaluate proposals using risk appetite, laws, and regulator guidelines.
• Collaborate with internal lines of business and control functions regionally and globally.
• Contribute to business planning with strategic legal input.
• Identify and manage legal, regulatory, and reputational risk with ICRM & Risk.
• Manage day-to-day legal activities as a subject matter expert.

Skills

Communication

Negotiation

Relationship management

Risk assessment

Legal analysis

Education

Juris Doctorate

Job description

The Senior Lead Counsel I is a senior level position responsible for providing legal guidance and thought leadership to Citi's Americas Futures and Derivatives Clearing business (Business). The overall objective of this role is to provide legal support, advice, and guidance to the Business.

This role requires a pragmatic, proactive attorney with thorough understanding of the Business, combined with a solid conceptual / practical grounding in the laws and regulations for the geographies in which we operate. 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 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
• 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 Business planning and development initiatives; 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 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
  
  

Qualifications:

• 7 to 10+ years of relevant industry experience, preferably in financial services
• Banking or financial industry experience, including laws related to banking regulations
• Knowledge of applicable laws, regulations, and industry practices affecting financial markets participants. Familiarity with CFTC, NFA, exchange, and clearinghouse rules is preferred.
• Experience with complex deals and contractual negotiations, with a demonstrated ability to analyze issues and develop practical legal solutions. Experience negotiating agreements on behalf of futures commission merchants, clearing brokers, derivatives market participants, exchanges, or clearinghouses is preferred.
• 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
  
  

Education:

• Juris Doctorate or equivalent law degree
  
  

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Job Family Group:

Legal

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Job Family:

Legal - Product

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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:

$211,280.00 - $316,920.00

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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Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

Illinois residents – AI Notice and Right

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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.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View Citi’s EEO Policy Statement and the Know Your Rights poster.