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Senior Legal Counsel Asset Servicing, Capital Markets
Chicago, IL
Job Description
As a member of Northern Trusts 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 Trusts Treasury, Capital Markets, Credit and Compliance teams.
Major Duties
Draft, review and negotiate ISDA master agreements (including schedules and credit support annexes and related agreements) for foreign exchange products, interest rate swaps and other derivatives transactions
Advise the business, risk and compliance teams on relevant existing and upcoming derivatives regulation, including CFTC regulations under the Commodity Exchange Act
Provide legal support to internal teams implementing initial margin and IBOR replacement and leading the related documentation efforts
Instruct, liaise with and manage external counsel in a variety of jurisdictions
Review and advise on associated legal opinions, netting opinions and collateral opinions
Participate in various industry organizations and working groups including SIFMA and ISDA
Support and maintain document management and digitalization programs, including regular updates to standard forms and templates
Experience
Minimum 5 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 ISDA master agreements (including schedules and credit support annexes), account control agreements, master confirmation agreements, compliance agreements, master repurchase agreements and related documentation
Knowledge of and familiarity with applicable banking, corporate, and securities laws and regulations, including the Commodity Exchange Act and the Bank Holding Company Act
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
About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 130 years of financial experience and nearly 20,000 partners, we serve the worlds most sophisticated clients using leading technology and exceptional service.
Working with Us:
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021:
Gender Equality Index Member, Bloomberg
Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMAN'S Magazine
Wed love to learn more about how your interests and experience could be a fit with one of Americas best banks and most sustainable companies! Build your career with us and apply today.
Additional Information
Job Summary
Company
Northern Trust
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
5+ years
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