The successful candidate will initially focus upon strategic, legal and regulatory issues impacting Citi’s UK and EU legal entities, particularly prudential regulation and recovery and resolution planning and participating within the wider ICPI team.
The role offers the ability to work on broader regulatory projects within the ICPI Legal team dependent on the candidate’s professional interests, skillset and workload, including in relation to Citi’s ongoing Transformation efforts. By way of particular focus, the successful candidate will support Citi’s EMEA Finance and Treasury functions, including and Citi’s EMEA Resolution & Recovery Planning team, advising on bank prudential regulation and legal matters relating to resolution planning across Citi’s UK and EU legal entities; advising on MREL/TLAC treasury funding matters, and supporting Citi’s Operations & Technology legal team on operational continuity issues with key vendors and affiliate service providers. The role will also entail advising Citi’s ICG business on the applicability of contractual stay clauses in trading documentation with counterparties mandated under applicable regulation. In this regard a working knowledge of contractual stay regimes in other jurisdictions would be highly regarded.
In the role you will work with internal stakeholders and may have interaction with Citi’s regulators and resolution authorities. The candidate will also participate in industry working groups on advocacy matters relating to bank prudential regulation, resolution and recovery matters. Accordingly, strong communication skills are essential.
The role will also entail working with colleagues in Citi’s global legal and regulatory teams, particularly across Europe and the U.S., as part of Citi’s wider legal and regulatory group.
Working knowledge of the UK Banking Act, Bank Resolution and Recovery Directive and associated regulatory technical standards are essential. Knowledge in other financial services regulations would also be highly regarded (but not essential), as would exposure to U.S. banking regulations such as Dodd-Frank QFC rules, U.S. Bank Holding Company Act or U.S. Federal Reserve Act.
The role would suit an academically able 2+ PQE lawyer. In-house experience is desirable (but not essential), whether that is gained during a secondment or an in-house role.