Assistant General Counsel, Asset Servicing Americas

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Working Model: Hybrid #LI-Hybrid

We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Role/ Department: Assistant General Counsel, Asset Servicing Americas

The position will provide general legal support across Northern Trust's Asset Servicing business line, including advice relating to trust, custody and global fund services provided to sophisticated asset owners and asset managers and will report to the Associate General Counsel, Asset Servicing Americas. A significant portion of the Asset Servicing business involves services for ERISA-governed pension, profit sharing and welfare plans.

The key responsibilities of the role include:• Managing a portion of the legal team dedicated to supporting the Asset Servicing business.• Reviewing, analyzing and negotiating agreements with the Asset Servicing clients and their attorneys, including trust agreements, custody agreements and other contracts for services being provided to Asset Servicing clients. • Provide ongoing day to day legal support to identified business units within the Asset Servicing division • Identifying and ensuring appropriate internal escalation of key legal risk issues. • Communicating with partners, clients, outside counsel and industry peers regarding legal, compliance, risk and fiduciary issues. • Remaining current on regulatory changes and emerging legal issues that impact the Asset Servicing business. • Assisting in updating and developing new template contracts for the business, as necessary. • Act as legal advisor to various internal risk committees and other partner meetings within the Asset Servicing business.

Skills/ Qualifications:

The successful candidate will benefit from having: • Illinois licensed attorney required with at least 8-10 years relevant experience at a major law firm and/or in-house at a major corporation; financial institution experience preferred but not required.• Must have at least 5 years of experience with sophisticated transactions, global custody, ERISA fiduciary issues or fund support. An ideal candidate would have ERISA knowledge and experience advising financial institutions or other highly regulated clients in the custody or fund space. • Candidates must have demonstrated experience managing others or leading a team or complex transaction.• Excellent communication and interpersonal skills along with strong analytical abilities.• Ability to balance practical business considerations with compliance, legal, risk and regulatory considerations.• Self-motivated and able to learn quickly and set priorities and manage multiple projects and assignments within agreed upon timeframes.• Excellent attention to detail and focus on delivery of quality result with the ability to ramp-up quickly in new environments and teams.• Strong business judgment, strategic thinking, and client counseling skills.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected].

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.