Senior Legal Counsel
3 weeks ago
Northern Trust is a globally recognized financial institution with over 130 years of experience. We provide innovative financial services and guidance to the world's most successful individuals, families, and institutions.
**Job Overview:**
The Senior Legal Counsel will be responsible for providing high-quality legal advice and counsel to our senior management and business partners. This includes technology matters such as general commercial contract negotiations, SaaS and licensing contracts, client-facing technology tools and products, cloud and on-prem technologies, distributed ledger technology, and artificial intelligence.
**Key Responsibilities:**
* Advise business units, technology engineers, product development teams, and business unit legal teams in the development, negotiation, and support of client-facing contracts involving technology products and concepts.
* Develop and update template contracts, playbooks, terms of use, and other terms and conditions related to technology initiatives and products.
* Collaborate with cross-functional teams and SMEs as needed.
* Advise and contribute to committees and working groups focused on new technology initiatives at the bank.
* Lead negotiations around strategic transactions, including complex license agreements, reseller agreements, and other corporate development arrangements.
* Provide legal support for technology-related corporate initiatives as requested and support other Legal Department and Banking Practice Group team members.
**Requirements:**
* A minimum of 10 years of experience at a nationally recognized law firm and/or in-house legal department advising clients in relevant areas.
* Proven record of independently drafting, negotiating, and reviewing various types of technology contracts and agreements.
* In-depth experience with the legal and regulatory aspects that can impact contract requirements for financial organizations across jurisdictions.
* Experience working for a regulated financial institution.
* Ability to work cooperatively with all levels of the organization and provide legal advice and counsel on a wide range of technology-related matters.
* Excellent oral and written communication skills.
* Current knowledge of applicable existing and upcoming regulations impacting the banking industry.
**Estimated Salary Range: $180,000 - $250,000 per year.
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