Citi’s Global Consumer Bank (GCB), a global digital banking leader in credit cards, wealth management and commercial banking, serves more than 110 million clients in 19 countries is looking to hire a Legal Counsel for their Mumbai Office.
The Counsel is responsible for a wide range of commercial and contractual legal advice in support of the vendor procurement work managed by the Enterprise Supplier Chain Sourcing team in the Asia Pacific region at both regional and country level.
Providing a broad range of commercial legal support, in particular reviewing and advising on a wide range of general commercial contracts (Master Agreements, SOWs, Work Orders, NDAs etc), including banking operations service agreements, recruitment and training contracts, marketing and agency contracts, travel contracts, consultancy and other services arrangements, software licensing, hardware purchase and maintenance, IT services contracts, cloud computing services, market data contracts, confidentiality agreements, trial, real estate and other related commercial contracts.
Any of these contractual arrangements are, or fall under, global or regional frameworks, involve multiple entities and jurisdictions, and are complex transactions.
Involvement can begin from the request for proposal stage through to implementation across multiple jurisdictions. This requires flexibility to adapt a global model to specific and varied local legal, regulatory and business requirements, often across multiple disciplines.
Assisting with further enhancing the provision of legal support, particularly in relation to the Asia Pacific Enterprise Supply Chain / Third Party Management functions based in Singapore, India and Manila, and local counterparts in various APAC countries.
Understanding and ensuring that contracting arrangements are consistent with applicable Citi policies and local legal and regulatory requirements applicable to the financial services sector across Asia Pac.
The candidate will work closely with Legal, Compliance and Control function colleagues across the region, as well as with stakeholders in Operations, Technology, Information Security, ESC, Third Party Management, Cross Border Data Clearance, Country Outsourcing Committees and other support areas.
Working with other lawyers across the region and globally, and external counsel as applicable.
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About the Company:
With a strategic focus in the U.S., Mexico and Asia, the Global Consumer Bank’s segment-driven, client-led growth strategy continues to deliver solid results.
In 2018, the Global Consumer Bank strengthened its client-centric model, rapidly accelerated its digital transformation, gained momentum resolving legacy regulatory issues and continued to pace strategic investments in key growth areas.
GCB strengthened its client-centric model with a reorganization that created a regional structure in the U.S., similar to our franchises in Asia and Mexico, and brought together product leadership globally to unify strategy across products, segments and investments. In doing so, we are bringing together the full power of our franchise across Citi-branded products and client segments in the U.S., our largest market and opportunity, and driving greater value for clients and synergies across the franchise.
In digital, GCB’s mobile user base grew rapidly, up 26 percent globally. Industry-leading capabilities, redesigned mobile experiences and market-first partnerships with leading digital and social platforms drove greater engagement, higher client satisfaction and new sources of growth. In the U.S., Citi announced its strategic intent to serve retail clients nationwide. In Mexico, our redesigned mobile app is driving double-digit user growth and the highest app store ratings in our history, while Asia continues to lead on digital partnerships and ecosystems. With a mobile-first strategic focus, we are proud to have been recognized by Global Finance magazine with two global awards: Best Consumer Mobile Bank and World’s Best Digital Bank.
Critically, Citi continued to improve its overall control environment by introducing new digital monitoring and reporting capabilities; simplifying, streamlining and standardizing its processes and procedures; resolving several legacy issues; and driving accountability across the organization.
Across GCB, we continued to execute on investments in key growth areas—U.S. Cards, Mexico and technology. Strategic multi-year investments in new partners and products, network enhancements as well as machine learning capabilities, and new data approaches are starting to bear fruit, driving a superior experience for clients and value for Citi shareholders.
GCB operates 2,410 branches and generated $7.6 billion in pretax earnings. In 2018, the business held $307 billion in average deposits, had $423 billion in average assets and included $306 billion in average loans.