Senior Legal Counsel, Capital Markets

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.

As a member of Northern Trust's Legal Department, this attorney will be responsible for providing high quality legal advice and counsel to our rapidly growing Capital Markets business in a manner consistent with our enduring principles of service, expertise and integrity. This attorney will have primary responsibility for the day-to-day legal support provided to Northern Trust's Foreign Exchange, Treasury, Credit and Swap Dealer Compliance teams.

Major Duties• Draft and negotiate ISDA master agreements (including schedules and credit support annexes and related agreements) for foreign exchange, interest rate swaps and other derivatives transactions and products• Advise internal stakeholders on applicable regulations impacting the business, including CFTC Swap Dealer regulations and the Commodity Exchange Act• Provide legal support to internal teams implementing initial margin and IBOR replacement and leading the related documentation efforts• Manage, conduct, review and advise on collateral enforceability and netting analyses, including obtaining, reviewing and analyzing netting and collateral enforceability legal opinions • Support document management and digitalization program, including managing regular updates to standard forms and templates • Instruct, liaise with and manage external counsel in a variety of jurisdictions

Participate in various industry organizations and working groups including ISDA and SIFMA

#LI-Hybrid

• Minimum 6 years' experience at a nationally recognized law firm and advising clients in the financial services industry and/or similar in-house counsel experience• JD from an accredited law school and admitted to practice or willing to secure bar admission in Illinois

Knowledge/Skills• Experience drafting and negotiating complex master netting agreements such as ISDA master agreements (including schedules and credit support annexes), account control agreements, master confirmation agreements, compliance agreements, master repurchase agreements and related documentation • Familiarity with bespoke and industry legal opinion review and interpretation, including use of available tools such as NetAnalytics, SLAnalytics, or CSAnalytics• Experience directly and independently managing significant matters or projects• Knowledge of and familiarity with applicable banking, corporate, and securities laws and regulations, including one or more of the US Bank Holding Company Act, Dodd Frank Act (Title VII and/or the Volcker Rule), Basel III Capital Rules and ERISA• Excellent organizational, interpersonal and communication skills with the ability to collaborate across inter-disciplinary teams to meet client needs• Exceptional writing and research skills, reflecting self-motivation, attention to detail and effective issue spotting

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.