Lead Counsel - Regulatory & Obligations Program; Hybrid

Overview

The Lead Counsel 2 position is an attorney role in Citi's Regulatory Requirements and Obligation Program that is a hybrid role (minimum three days per week in the office) based in Tampa, Florida or Irving, Texas. The role will primarily involve drafting clear and concise summaries with technical precision of new and amended Banking and Consumer Protection laws pertaining to Citi as a financial services provider so that Citi maintains an accurate Financial Regulations Inventory to support its compliance risk management framework and associated internal controls.

The position will also support Citi’s Non-Financial Regulations Inventories, which encompass various areas of law, including but not limited to human resources, tax, and other laws that apply to Citi as a large U.S. corporation with publicly issued securities. This role will provide legal advisory services in connection with maintaining and optimizing Citi’s Financial Regulations Inventory and Non-Financial Regulations Inventory and its linkages to Citi’s enterprise-wide risk management framework.

• Review, assess and interpret Laws, Rules and Regulations (LRRs) applicable to Citi both as a financial services provider with a global network of offices (Financial Regulations Inventory) and as a publicly traded corporate entity (Non-Financial or Corporate Inventories).
• Conduct analysis of LRRs laws, Rules, Regulations, conduct interpretation and understand potential applicability to Citi’s financial services activities as well as its Non-Financial Programs.
• Draft plain English summaries of Banking and Consumer Protection laws for inclusion in Financial Regulations Inventory as well as summaries of legal obligations for “Tier 1” and “Tier 2” regulations, i.e. LRRs with the most significant franchise-wide impact on Citi. This includes understanding key U.S. prudential and consumer regulations applicable to Citigroup Inc. and Citibank, N.A., including but not limited to: U.S. risk-based capital regulations, key safety and soundness regulations such as Regulation W and O, activities regulations such as Regulation K and Y, and consumer protection regulations such as Regulations B and Z.
• Provide legal interpretation and analysis of laws to advise ICRM and first line business and corporate functions on how such laws apply to Citi and offer strategic advice regarding the establishment of appropriate controls to promote compliance and risk management.
• Prepare a weekly report summarizing the most significant legal and regulatory developments received through Citi’s Regulations Management monitoring processes to facilitate Citi’s legal risk management processes.
• Collaborate on cross-functional projects to optimize Citi’s Financial and Non-Financial inventories and provide legal guidance in regard to content of such inventories.
• Define potential applicability of LRRs to the existing Non-Financial Programs and submit LRRs to Non-Financial regulations to Corporate Inventories’ Owners for final assessment.
• Prepare, update and maintain a tracker where Non-Financial regulations received for assessment (Triage Process) are recorded with appropriate disposition and rationale.
• Perform the Triage end-to-end process within the expected time frames and coordinate with the Quality Review Team in the execution of controls.
• Under the Non-Financial Program, assess and agree on the impact of the laws, rules and regulations to the existing non-financial programs, including topics such as Global Exchanges, Client Tax, Corporate and Employment Tax regulations, Human Resources, Environmental and Governance, Real Estate, among others, and develop or acquire expertise in this broad range of laws.
• Continuously engage with Non-Financial/Corporate Inventories to stay informed about the scope of their program and apply the LRRs appropriately.
• Provide advisory support for regulatory change and regulatory inventory activities for Non-financial/Corporate inventories.

• 6-8 years of relevant banking or financial services industry experience, preferably at a globally systemically important banking institution (G-SIB) or law firm providing services to a…