Lead Counsel 1 – Wealth Clients Segments

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team 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.

Job Overview

Whether you're at the start of your career or looking to discover your next adventure, your story begins here.At Citi, you'll have the opportunity to expand your skills and make a difference at one of the world's most global banks.We're fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning.You'll also have the chance to give back and make a positive impact where we live and work through volunteerism

Shape your Career with Citi

We're currently looking for a high caliber professional to join our team as Lead Counsel 1 – Wealth Clients Segments - AVP - MUMBAI (Hybrid) based in Mumbai, India. 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 access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses
• We have a variety of programs that help employees balance their work and life

This role is part of the Wealth Client Segments Legal team (that is part of Wealth Legal) supporting Citi's Wealth business. The Wealth Client Segments Legal team covers various aspects of the interplay between the Wealth business and its clients along the client journey from prospecting to onboarding, to maintaining the best relationship with our clients, and special requests, complaints, deceased account servicing, terminations and exits. The team also advises on client-facing forms, general terms and conditions, powers of attorney, non-disclosure agreements, online platforms, and account mandates. Wealth Client Segments Legal also covers cross-border activity, Insurance sales and referrals, and works closely with the various Wealth product Legal teams.

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.

In this role, you're expected to:

• Responsible for providing legal counsel to the Wealth 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 Wealth 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
• Supporting the business on the review of all manner of client wealth structures such as client trust, estate, executor and corporate formation documents to confirm authority and due execution of transaction documents or address KYC/AML related aspects of such structures.
• Addressing routing queries from front office staff regarding client account documentation; reviewing and approving non-Citi form powers of attorney, advising on deceased account procedures and documentation provided by clients; investigating client complaints and drafting or advising on complaint responses;
• Partnering with Cross Enterprise Legal and/or Wealth lawyers, and business teams to ensure appropriate legal risk management, compliance with applicable laws and regulations, and Citi policies;
• Reviewing the regulatory pipelines with Cross Enterprise Legal and/or Wealth lawyers and Business teams, including how upcoming regulation applies to Wealth;
• Reviewing new business initiatives (such as processes to simplify or improve documentation); and
• Negotiating and drafting documentation such as client agreements, general terms and conditions, client forms and side letters.
• 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

As a successful candidate, you'd ideally have the following skills and exposure:

• 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
• 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

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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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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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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.

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 Citi's EEO Policy Statement and the Know Your Rights poster.

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