Senior Lead Counsel - Wealth Client Segments

The Senior Lead Counsel I is a senior level position responsible for providing legal guidance and thought leadership to the business. The overall objective of this role is to provide legal support, advice, and guidance to the business.

This role is part of the Wealth Client Segments Legal team and is based in Tampa. 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, power of attorney issues, trust, estate, executor, custodian and beneficiary account scenarios, and account transfers, closings and exits. The team also advises on client-facing and onboarding forms, general terms and conditions, confidentiality agreements, control agreements, privacy notices and issues, data breaches, web and mobile client platforms, and account mandates. Wealth Client Segments Legal also cover cross-border activity, wealth planning, insurance sales and referrals and works closely with the various Wealth product Legal teams.

The role sits within the Wealth Legal Team, where other areas of coverage undertaken are Alternatives, Banking & Lending, Business Strategy & Initiatives, Capital Markets and Managed Investments.

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.

A successful candidate would be familiar with financial services / private bank / wealth management regulation and legal principles and have a good understanding of all manner of client structures (revocable and irrevocable trusts, private investment companies, powers of attorney, etc.).

Responsibilities

• Provide key legal support on Wealth Client matters, 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.
• Objectively evaluate Wealth Client Segments 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.
• 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.
• Work with their counterparts and other key stakeholders to develop best practices across teams and in connection with various initiatives, queries and regulatory implementation / review processes.
• Participate in Wealth planning and development initiatives; contribute to business objectives by providing thought leadership using knowledge of industry, laws, and regulations.
• Proactively identify, evaluate, and contribute to the appropriate management of legal, regulatory, and reputational risk by collaborating with Compliance & Risk, following relevant legal developments, participating in internal projects, escalating as appropriate.
• Monitor 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 Citi, 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.
• Manage outside counsel budgeting and selection in alignment with Citi’s initiatives as needed.

Example projects and work include

Qualifications

Education

Primary Location : Tampa, Florida, United States

Salary Range : $169,000 - $253,000

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.

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