Citi’s Global Legal Affairs and Compliance (GLAC) empowers and protects Citi by providing legal, compliance, investigative, and security services to our firm. We manage compliance risk, provide legal analysis and advice, protect Citi’s people and businesses, advocate for legal and regulatory outcomes that benefit our firm and our clients, and ultimately promote behavior that is consistent with Citi’s mission and culture
The Lead Counsel is a senior level position responsible for providing legal counsel and support to aligned countries/geographies of responsibility. The overall objective of this role is to provide legal support, advice, and guidance across a broad range of practice areas, with respect to the local laws and regulations of Singapore.
This role is responsible for providing guidance, support, and legal advice on Citi's businesses and functions in Singapore, in particular Banking (Corporate Banking and Commercial Banking) and Services (Investor and Issuer Services). This role requires thorough understanding of the business needs and expectations, combined with a solid conceptual / practical grounding in the laws and regulations of 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.
Responsibilities:
- In coordination with the Singapore Country Counsel team, provides legal advice and support to Banking and Services Country Business on legal, control function and regulatory matters associated with Citi’s business activities and legal entities in the countries covered; ensures that Citi is appropriately addressing legal, regulatory, franchise and reputational risks in these countries
- Supports strategic initiatives of the businesses and functions in Singapore by providing Citi Country Officers with guidance and interpretations of relevant laws, rules, regulations, and industry practices, and advising business management on legal matters impacting the business
- Coordinates provision of internal and external legal support to Citi’s local businesses in Singapore, working closely with the relevant Regional Product Counsel (or his or her designee) to ensure that Citi’s legal needs are met in a cost-effective manner
- Develops a broad understanding of Citi’s businesses in the Singapore and of the major legal and regulatory risks facing those businesses
- Collaborates across internal lines of business, control/support functions and/or external counsel to achieve coordinated and efficient outcomes on matters of common interest, coordinates closely with Legal team members, as appropriate
- Partners with Singapore country management and stakeholders to support Citi’s maintaining of good relations with local regulators and all other local regulatory bodies that are relevant to Citi business activities
- Assures that key legal and regulatory developments that may impact or otherwise be relevant to Citi’s businesses in Singapore, including those involving other financial institutions, are appropriately monitored and that country management is apprised of significant developments
- Takes an active role in any relevant country-level governance committees as assigned, e.g., coordinating committee, business risk & controls committee, legal & compliance committee, legal vehicle management committee; act as lawyer providing support to the country in any matter.
- Manages day-to-day legal activities as a subject matter expert in area of responsibility and provide senior advisory services to business partners
- 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
Qualifications:
- Qualified to practice Singapore law (strongly preferred)
- 6-10 years of relevant industry experience, preferably with practice and in-house experience
- Excellent leadership, interpersonal, organizational and relationship management skills
- Proven ability to manage multiple assignments simultaneously in a demanding, fast-paced environment
- Experience in banking and finance law, loans and trade finance preferred.
- Comprehensive knowledge of Singapore laws, and knowledge of international, multi-jurisdictional laws and practices while staying abreast of regulatory and legal environment, internal policies and industry trends that impact the business
- Effective communication and negotiation skills and ability to maintain trusted relationships
Education:
- LLB or equivalent law degree
•Working Environment: office setting, minimal travel required.
• Effort: minimal physical effort required.
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Job Family Group: Legal------------------------------------------------------
Job Family:Legal - Country------------------------------------------------------
Time Type:Full time------------------------------------------------------
Most Relevant Skills Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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