Senior Legal Counsel, Derivatives – Asset Servicing, Capital Markets

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 worlds 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 worlds most sophisticated clients using leading technology and exceptional service.

Role/ Department: Sr Legal Counsel, Derivatives/Asset Servicing, Capital Markets

As a member of Northern Trusts Legal Department, this attorney will be responsible for providing high quality legal advice and counsel to Global Foreign Exchange, Treasury and Swap Dealer Compliance. This includes serving as the senior legal advisor to our derivatives business globally, with a particular focus on currency and interest rate swaps. You will report to the Associate General Counsel, Head of Capital Markets Legal, North America and collaborate with colleagues based primarily in Chicago, London and Sydney.

The key responsibilities of the role include:
Draft, review and negotiate agreements governing swaps, foreign exchange, collateral management, and related products and services.
Manage our program for the maintenance of jurisdictional requirements for regulatory capital netting and collateral enforceability across all relevant products and services.

Skills/Qualifications:
Minimum 6 years experience at a nationally recognized law firm or financial institution advising clients in the financial services industry
JD from an accredited law school and admitted to practice or willing to secure bar admission in the relevant jurisdiction
Drafting and negotiating master netting agreements such as ISDAs and CSAs, master repurchase agreements, and master securities loan agreements
Experience independently managing or leading deal teams or program implementation
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
Knowledge of and familiarity with applicable banking, corporate, and securities laws and regulations, including one or more of the Bank Holding Company Act, Title VII of the Dodd Frank Act, US Basel III Capital Rules and ERISA

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.

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.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds 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 youre 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.