Director, Senior Legal Regulatory Counsel - Hybrid
Citigroup
We live in an increasingly complex world. Companies these days are either born global or are going global at record speed. Business and geopolitics are forging an entirely new dynamic and consumers now expect financial services to be a seamless part of their digital lives. **Citi** is a bank that’s uniquely positioned for this moment. Through our vast global network and our on-the-ground expertise, we can connect the dots, anticipate change and empathize the needs of our clients and customers in ways that other banks simply cannot.
**Shape your Career with Citi**
Citi’s **Legal** team supports our business objectives while also identifying, managing and mitigating legal, regulatory and reputational risks. As a member of our Legal team, you would provide the highest quality legal advice and counsel to stakeholders across our firm.
We’re currently looking for a high caliber professional to join our team as **Director, Senior Legal Regulatory Counsel - Hybrid** (Internal Job Title: Legal Sr Group Manager - Regulatory- **C15** ) based in Singapore. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
+ Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
+ We empower our employees to manage their financial well-being and help them plan for the future.
+ Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
The Regulatory Advisory and Transformation legal group supports Citi business lines, legal entity management teams, Compliance, Government & Public Affairs and Regulatory Engagement teams. The group provides technical legal advice on banking & financial services regulatory change impacting Citi including policy advocacy on proposed new regulations, advising on the potential impact of new regulations to Citi business lines and legal entities, regulatory change implementation and regulatory-driven business change projects. The team also acts as subject-matter experts on key financial services regulations impacting Citi’s businesses. Additionally, the team advises on Citi’s strategic equity investing activities, which may often see Citi investing in or acquiring regulated companies such as trading venues and payment services providers.
Examples include advising on LIBOR and benchmark reform; regulatory considerations for Citi’s digital asset initiatives; uncleared margin rules, OTC derivatives transaction reporting; prudential capital rules; financial services licensing and regulatory perimeter issues; and business change initiatives such as the establishment of new Citi business lines and legal entities.
The team requires a senior regulatory lawyer based in Asia to advise on banking and financial services regulations impacting Citi’s businesses in the region and would lead a team of three experienced regulatory lawyers. The role would be the senior regulatory lawyer for Citi in the Asia time zone, supporting regional business managers, regional Compliance managers and Citi’s product-aligned lawyers. The Legal Executive Group Manager (Regulatory) is a senior management-level position within the Legal Department that is responsible for managing a team and serving as a key strategic partner to senior business stakeholders and functional partners in matters of Regulations.
The overall objective of this role is to set the strategy for and manage a team providing day-to-day legal advice and guidance on Regulations areas to Citi Businesses and Functions in the region.
This role leads a team of lawyers providing guidance, support, and legal advice on Regulations to Citi's businesses and functions and has a significant degree of responsibility and authority. This role requires solid conceptual / practical grounding in the laws and regulations for the geographies in which we operate. This role also requires significant management responsibilities, including talent management, budgeting (including headcount and financial), and strategic planning for the team. This role has authority to negotiate and make independent decisions on issues / activities that have critical impact or influence on the company.
**In this role, you’re expected to:**
The role will be responsible for delivering technical and commercially-focused regulatory interpretive advice to Citi stakeholders on regulatory and business change developments impacting on Citi in the region. Responsibilities include:
+ acting as subject-matter expert advising on key financial services regulations in Singapore (such as the Banking Act; Financial Services and Markets Act; Securities and Futures Act; Payment Services Act); and Hong Kong (such as Securities and Futures Ordinance; Companies Ordinance; Banking Ordinance); and a good working knowledge of regulatory financial services regimes in Australia and Japan;
+ advising on certain major global financial services regulations during the Asia time zone, to the extent they impact on Citi business lines (for example, U.S. Bank Holding Company Act; global uncleared margin rule regimes) ;
+ supporting Citi’s Government & Public Affairs, Regulatory Engagement and other stakeholders on policy advocacy initiatives, 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 developments in banking and financial services regulation in the region;
+ advising Citi’s Regulatory Change Management group on the implications of proposed and new regulations on Citi’s business activities in Asia;
+ serve as a key strategic business partner providing legal assistance and support to senior stakeholders regarding regulatory issues concerning Citi;
+ representing the Legal Department on regulatory-related internal governance and oversight committees for regulatory change implementation projects;
+ providing training and education for management and product lawyers on regulatory developments globally and in the region – this will involve working on presentation materials, providing presentations to Legal Department colleagues, country counsel and business areas;
+ in conjunction with colleagues in Compliance, manage the resolution of violations of law or regulations and other major compliance issues; and
+ managing, developing and mentoring a team of experienced regulatory advisory lawyers; and actively set the functional strategy and agenda for their team.
+ 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 a successful candidate, you’d ideally have the following skills and exposure:**
+ Relevant industry experience, including experience in an in-house legal role and possess managerial experience
+ Experience in banking & financial services, either in a law firm, regulatory or supervisory body, or in-house in a major bank
+ Strong knowledge of banking & financial services regulations across Asia
+ Strong knowledge of banking & financial services products in institutional markets
+ Excellent leadership, interpersonal, organizational and relationship management skills
+ Proven ability to apply sound judgement while managing assignments in a demanding, fast-paced environment
+ Knowledge and expertise on specific laws, rules and regulations and enforcement actions related to Regulations while staying abreast of the changing regulatory and legal environment, internal policies and industry trends that impact the business
+ Proven ability to apply sound judgement while managing complex subject matter and issues
+ Experience in managing a large, geographically diverse teams across multiple cultures
+ Excellent written, verbal, presentation, problem solving and analytical skills
+ Ability to handle multiple complex and confidential matters under time and pressure
+ Effective negotiation skills and ability to build and maintain effective relationships at executive levels
+ License to practice law in good standing
+ Juris Doctorate or equivalent law degree
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.
**Take the next step in your career, apply for this role at Citi today**
_https://jobs.citi.com/dei_
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**Job Family Group:**
Legal
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**Job Family:**
Legal - Enterprise
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**Time Type:**
Full time
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