The Lead Counsel I is an intermediate 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.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
Partners with legal peers to objectively evaluate business proposals by analyzing documentation while 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
Assists team in identifying, evaluating and contributing to the 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:
5-8 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
Education:
Juris Doctorate or equivalent law degree
Work under the supervision of one or more senior attorney in support of the Restricted and Control Stock Program by conducting thorough due diligence and evaluation of each transaction and verifying the data and documentation provided by a Registered Rep on behalf of the client, which includes contacting various issuer’s counsel and transfer agents
Direct exposure to Capital Market’s special equities desk in connection with the Restricted and Control Stock Program
Subject matter includes U.S. securities laws (especially the Investment Adviser’s Act of 1940 and OCC Title 9), as well as the Securities Act of 1933, Investment Company Act of 1940, SEC Rule 144, broker-dealer and banking regulations, and SEC and FINRA regulatory disclosures/filings
Provide day-to-day legal support of the investment management business, including matters related to client investment management agreements and enrollment documents, investment policy statements, performance reports, Form ADV, Form CRS and other disclosures/filings, fund distribution agreements, sub-manager agreements, model provider agreements, fiduciary trading issues, marketing materials and third-party vendor arrangement
Review, draft and negotiate various agreements related to the North America Managed Investments business, including client agreements, onshore and offshore mutual fund distribution agreements, and third-party manager/vendor agreements
Substantial involvement with regulatory matters, including supporting Form ADV and Form CRS disclosure, regulatory change management (advice and implementation of new/amended rules and regulations), ordinary course examinations, enforcement actions, and those involving firm business and personnel
Work closely with other control functions to ensure compliance by business with applicable laws, rules, regulations and policies/procedures, including through periodic reviews of such laws, rules and regulations, serving as Legal representative on Citi committees (such as Fiduciary Review Committees), and addressing risk, supervisory, operational and/or technology matters with legal/regulatory implications
Coordinate resources to meet business needs and ensure efficient delivery of legal services, including management of outside counsel on a limited basis
Job Family Group:LegalJob Family:Legal - ProductTime Type:Full timePrimary Location:Tampa Florida United StatesPrimary Location Full Time Salary Range:$109,440.00 - $164,160.00In 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.Anticipated Posting Close Date:Oct 03, 2024Citi is an equal opportunity and affirmative action employer.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. 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 (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf) .View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeoaapolicy.pdf) .View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp%20EnglishformattedESQA508c.pdf)Citi is an equal opportunity and affirmative action employer.Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.