Senior Lead Counsel 2/Director - NAM Asset Based and Transitional Finance and Special Assets

The Senior Lead Counsel II (NAM Asset Based and Transitional Finance and Special Assets) is a senior level position responsible for serving as strategic business partner and subject matter expert by providing legal counsel and thought leadership to the Asset Based and Transitional Finance business team (“ABTF”) and the North America Special Assets risk team (“SA”) (Citi’s internal workout group). The overall objective of this role is to provide legal support, advice, and guidance to these teams.  In addition, this role will require someone with the ability to provide guidance and oversight to junior personnel covering a subset of the SA work, mainly Citi Commercial Bank remedial matters.

This role requires thorough understanding of the strategic direction of the ABTF and SA teams, combined with knowledge of the laws and regulations for the geographies in which we operate. It provides input into strategic decisions, exercising sound legal judgement to develop proactive, risk-appropriate and commercially practical business-oriented solutions.

Responsibilities:

• Responsible for providing legal counsel to ABTF and NAM SA, supporting strategic initiatives, providing subject matter expertise and interpretations of relevant laws, rules, regulations, and industry practices, and advising business management/leadership on all manner of legal matters and risks impacting the business
• Addressing key legal issues from inception to completion of loan transactions, in particular, commitment/engagement documentation, credit agreement issues, Agency roles and related responsibilities
• Providing legal support to SA in its evaluation of distressed situations, including assisting in the evaluation of options such as exit, sale, foreclosure, etc.
• Providing product legal support on contentious or litigious matters
• Provides advisory services in respect of business decisions by applying institutional knowledge against industry standards, widely accepted business practices, laws, rules, and regulatory guidelines, escalating where appropriate
• Collaborates 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
• Accomplishes results by leveraging networks/connections, colleagues, and peers
• Serves as business partner and advisor to business stakeholders and functional partners (e.g., Risk, Compliance) by participating in planning and development initiatives; contribute to business objectives by using knowledge of industry, laws, and regulations
• Actively participates in various risk reviews, governance and control forums while demonstrating keen awareness of issues that could cause financial, reputational, or legal consequences
• Proactively identifies, evaluates and contributes to the appropriate management of legal, regulatory, and reputational risk through cross-function collaboration, following relevant legal developments, participating in internal projects, and escalating as appropriate
• Manages day-to-day legal activities as a subject matter expert in area of responsibility and provide senior advisory services to business partners
• Negotiates, coordinates, and monitors management of complex legal issues and make key decisions within area of responsibility, escalating where 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
• Management of external counsel

Qualifications:

• 10+ years of relevant industry experience (bankruptcy/restructuring as well as loan originations) with some experience working in an in-house legal role in financial services
• Experience with workouts of multiple banking products (e.g., loans, letters of credit, cash management products, credit card programs, ISDA-based trades)
• Excellent leadership, interpersonal, organizational and relationship management skills
• Experience in working with regulators/regulatory bodies is preferred
• Proven ability to apply sound judgement while managing multiple assignments simultaneously in a demanding, fast-paced environment
• Ability to work in a professional but demanding environment, with availability during "nonbusiness" hours and same-day turnaround of documents or issues lists frequently required
• Comprehensive knowledge of international, multi-jurisdictional 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
• Syndicated lending experience strongly preferred
• Effective communication and negotiation skills and ability to build and maintain trusted relationships
• Bar license in good standing to practice law

Education:

• Juris Doctorate or equivalent law degree

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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. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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