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Citi · 11 hours ago

Lead Counsel 2 - Regulatory Requirements & Obligations Program (Hybrid)

Irving, TX

Full-time

Hybrid

Senior Level

$155K/yr - $233K/yr

6+ years exp

Citi is a leading global bank that provides financial services to consumers, corporations, governments, and institutions. The Lead Counsel 2 position involves providing legal advisory services related to regulatory requirements and obligations, ensuring compliance with banking and consumer protection laws. The role includes drafting summaries of regulations, conducting legal analysis, and collaborating on cross-functional projects to optimize regulatory inventories.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

Review, assess and interpret Laws, Rules and Regulations (LRRs) applicable to Citi both as a financial services provider with a global network of offices (Financial Regulations Inventory) and as a publicly traded corporate entity (Non-Financial or Corporate Inventories)

Conduct analysis of LRRs laws, Rules, Regulations, conduct interpretation and understand potential applicability to Citi’s financial services activities as well as its Non-Financial Programs

Drafting plain English summaries of Banking and Consumer Protection laws for inclusion in Financial Regulations Inventory as well as summaries of legal obligations for “Tier 1” and “Tier 2” regulations, i.e. LRRs with the most significant franchise-wide impact on Citi. This requires the ability to understand key U.S. prudential and consumer regulations applicable to Citigroup Inc. and Citibank, N.A., including but not limited to: U.S. risk-based capital regulations, key safety and soundness regulations, such as Regulation W and O, activities regulations such as Regulation K and Y, and consumer protection regulations, such as Regulations B and Z

Providing legal interpretation and analysis of laws to advise ICRM and first line business and corporate functions on how such laws apply to Citi and offering strategic advice regarding the establishment of appropriate controls to promote compliance and risk management

Prepare a weekly report summarizing the most significant legal and regulatory developments received through Citi’s Regulations Management monitoring processes to facilitate Citi’s legal risk management processes

Collaborate on cross functional projects to optimize Citi’s Financial and Non-Financial inventories and provide legal guidance in regard to content of such inventories

Define potential applicability of LRRs to the existing Non-Financial Programs and submit LRRs to Non-Financial regulations to Corporate Inventories’ Owners for final assessment

Prepare, update and maintain a tracker where Non-Financial regulations received for assessment (Triage Process), are recorded with appropriate disposition and rationale

Perform the Triage end-to-end process within the expected timeframes and strong coordination with the Quality Review Team, in the execution of controls

Under the Non-Financial Program, the role will be responsible for assessing and agreeing on the impact of the laws, rules and regulations to the existing non-financial programs, including, including topics such as Global Exchanges, Client Tax, Corporate and Employment Tax regulations, Human Resources, Environmental and Governance, Real Estate, among others, and the individual will need to be able to have or develop expertise in this broad range of laws

Continuous involvement with Non-Financial/Corporate Inventories to keep abreast of the scope of their program (risk-based approach) to be able to properly perform the applicability of LRRs

Provide advisory support for regulatory change and regulatory inventory activities for Non-financial/Corporate inventories

Qualification

Banking regulations expertiseLegal analysis skillsJuris DoctorateFinancial services experienceRelationship managementSound judgementEffective communicationLeadership skillsInterpersonal skillsOrganizational skills

Required

6-8 years of relevant banking or financial services industry experience, preferably at a globally system banking institution (G-SIB) or law firm providing services to a G-SIB

Demonstrated ability to analyze issues and develop legal solutions

Effective communication skills and ability to build and maintain trusted relationships

Excellent leadership, 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

Benefits

Medical, dental & vision coverage

401(k)

Life, accident, and disability insurance

Wellness programs

Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

Company

Citi

Glassdoor3.8

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Founded in 1812

San Antonio, Texas, USA

10001+ employees

https://www.citi.com

H1B Sponsorship

Citi has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

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Trends of Total Sponsorships

2025 (957)

2024 (849)

2023 (1375)

2022 (1117)

2021 (876)

2020 (901)