Lead Counsel, Wealth Capital Markets, VP - New York at Citi

The Lead Counsel, Wealth Capital Markets is a senior level position responsible for providing legal guidance and thought leadership to the business. This role requires a pragmatic, proactive attorney with thorough understanding of the Wealth Capital Markets business, combined with a solid conceptual / practical grounding in the laws and regulations for the geographies in which we operate.

Key projects and responsibilities:

The role will provide key legal support and execution on Wealth Capital Markets matters, participating in client trading activities and business projects/initiatives. There will be a need to provide input/analysis on interpretation of relevant laws, rules, regulations, and industry practices, draft documentation and advise on legal matters impacting the Capital Markets business. In particular, the role will be focused on preparing the trading documentation for multi-asset OTC derivatives, Exchange-Traded Derivatives and Digital Asset/Tokenised/Crypto products.

A successful candidate will:

• Provide real-time legal support in Capital Markets (with a particular focus on derivatives and digital asset products) to front office business and Control partners, escalating where applicable. The candidate will have daily contact with Sales and Trading personnel and will develop a close relationship with them and wider stakeholders through timely and pragmatic legal advice, including on calls with the business.
• Negotiate and review trading documentation, including ISDA Master Agreements, Clearing Agreements, Termsheets and Confirmations. There will also be occasional need to draft bespoke side letters and other documentation.
• Have knowledge of key regulations impacting the Business and keep up to date with regulatory developments affecting the coverage area, implementing those changes as part of regulatory change initiatives. For example: Dodd-Frank, Volcker Rule and SEC regulations including Regulation S and Security Based Swaps.
• Be familiar with Digital Asset/Tokenised/Crypto products and market initiatives, and engage closely with policy and regulatory developments across the region.
• Obtain, review and interpret netting and collateral opinions specific to client trading jurisdictions. There will be opportunity to present new jurisdictions to approval committees and answer technical questions.
• Work with other stakeholders to develop policies, procedures and controls related to the product area.
• Collaborate 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.
• Prioritize workload and execute on transactions/initiatives by proactive engagement and active management of legal issues, escalating novel situations with ‘first cut’ proposed solutions and risks.
• Maintain momentum across multiple parallel matters, meeting tight and competing deadlines.
• Assist in evaluating Wealth Capital Markets proposals and queries by applying institutional knowledge and risk appetite against industry standards, widely accepted business practices, laws, rules, and regulatory guidelines, escalating as appropriate.
• Determine when external legal support is required and manage external counsel (including on delivery timeframe and cost).

Qualifications:

• 4-6+ 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

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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:

$175,840.00 - $263,760.00

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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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.

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