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Regulatory Legal Counsel

Employer
Citi
Location
Belfast, United Kingdom
Salary
Competitive
Closing date
Oct 2, 2022

View more

Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Overview of Citi

Citi, the world leading global bank, has approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity. Team Overview

The ICG Legal Department provides global legal coverage in relation to Citi's Institutional Client Group ("ICG") business activities. These activities include corporate and institutional lending, investment banking, capital markets, treasury and trade solutions, private banking and markets and securities related products and services. The ICG Infrastructure and Cross Product Initiatives Legal team ("ICPI Legal") has been recently established to partner alongside the specialist product advisory ICG Legal teams on cross product matters and to provide focused coverage to ICG's Risk and Controls Department. Amongst other things, the ICPI Legal team's focus is upon the design and implementation of various ICG-wide regulatory, control and governance driven initiatives and business change projects (including those arising from the Fed/OCC Consent Orders); ICG Legal infrastructure and legal project management; ICG cross product regulatory and thematic legal advice; ICG legal entity booking models; and ICG Legal technology and electronic solutions.

The ICG Global Cross Product Advisory and Business Change Initiatives sub-team within ICPI Legal provides advice in relation to a wide range of regulatory requirements, developments and cross product themes and takes on a core advisory and leadership role in relation to business change projects and other strategic initiatives. Amongst the areas of focus include: the regulatory perimeter, global booking models and legal entity strategy, financial infrastructure (markets and payments), business conduct, public policy and advocacy support, digital innovation and ICG strategic investment activity. Relevant business change projects and initiatives align with the ICG Risk and Controls transformation agenda and ICG cross product business priorities. OCC/Fed Consent Order related activities will also be in scope, from an ICG Legal perspective.

Key Responsibilities

The ICPI Legal team requires an experienced financial services regulatory lawyer to advise on key regulatory, transformational and business change projects globally impacting the ICG business. Responsibilities are expected to evolve over time having regard for regulatory, commercial and technological developments impacting on ICG, but initial responsibilities are expected to include:
  • Providing regulatory advice on Environmental Social and Governance ("ESG") regulations - which will require the individual to become familiar with diverse matters under the ESG brief such as product disclosure requirements, ESG-related risk and controls under relevant regulations, litigation risks related to ESG such as "greenwashing", and supporting Citi legal entities and risk functions on Citi's Climate Risk Framework required under ESG regulations;
  • Providing advisory support on financial markets benchmark regulations such as the EU Benchmark Regulation;
  • Acting as subject-matter expert in the EMEA time zone for certain existing global financial services regulatory queries from ICG business lines and product lawyers;
  • Identifying and advising upon new regulatory developments and horizon scanning that may have impact across ICG business lines and in conjunction with regional and global colleagues supporting business lines on regulatory change implementation;
  • Supporting Citi Government & Public Affairs and other stakeholders on advocacy initiatives with industry associations and regulators in respect of regulatory developments, including assisting in the development of responses to consultation papers to regulators and policy-makers, attendance at legal-focused industry association working groups and meetings with regulators, in respect of banking and financial services regulation in the EMEA region and globally; and
  • Providing training and education for management and ICG Legal product lawyers on regulatory developments globally and in the region - this will involve working on presentation materials, providing presentations to ICG legal colleagues, country counsel and business areas.
Qualifications
  • Valid Bar license to practice law
  • Banking/financial industry experience or experience from big law firm
  • Extensive knowledge and understanding of area of responsibility
  • Comprehensive knowledge of local, state and federal laws and practices
  • Consistently demonstrate clear and concise written and verbal communication
  • Proven analytical and organizational skills
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Education
  • Bachelor's degree/University degree or equivalent experience
  • Master's degree preferred
What we Offer

As well as a competitive salary and consideration for a yearly discretionary bonus Citi offer;
  • 23 days paid annual leave
  • Award winning pension scheme,
  • Life assurance and
  • Private medical insurance with Bupa healthcare.
In addition, we offer a competitive maternity, paternity and adoption leave scheme. We pride ourselves on our ability to offer employees a number of lifestyle benefits including; on site restaurant and coffee shops, online shopping and concierge service and subsidised clubs and societies.

Our Select benefit package offers you the opportunity to customise your benefits according to your own lifestyle preferences and includes corporate discounts, memberships and a range of additional extras.

Our vast range of diversity networks and on site multi faith room demonstrates Citi's commitment to growing a diverse workforce.
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Job Family Group:
Legal -------------------------------------------------
Job Family:
General Legal ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------
Citi 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 .

View the " EEO is the Law " poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting

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