Senior Legal Counsel (Technology)

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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

Role/ Department: Senior Legal Counsel (Technology)/Banking Practice Group

As a member of Northern Trusts Legal Department this attorney will be responsible for providing high quality legal advice and counsel to our senior management and business partners in a manner consistent with our enduring principles of service expertise and integrity. The ideal candidate will be an attorney with broad experience in technology matters for a global financial organization including general commercial contract negotiations SaaS and licensing contracts client facing technology tools and products cloud and on-prem technologies distributed leger technology and artificial intelligence. The candidate will support business partners across the enterprise on a wide range of legal issues including technology licensing new product development and the applicable regulatory landscape that applies to financial institutions operating across multiple geographies. The position will be in the Banking Practice Group and will report to an Assistant General Counsel.

The key responsibilities of the role include:
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 (e.g. SaaS; software licenses; data licenses; distributed ledger technology; federated single sign on);
Develop and update template contracts playbooks terms of use and other terms and conditions related to technology initiatives and products (e.g. Northern Trust web portals and platforms APIs other software) for use by business units across the enterprise;
Collaborate with other cross functional teams and SMEs (e.g. Data Privacy Information Security Risk Compliance Tax) including in other jurisdictions as needed;
Advise and contribute to committees and working groups (e.g. IT Risk; Cloud governance; AI) focused on new technology initiatives at the bank;
Advise and 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; and
Stay current on legal and regulatory developments that impact the banking sector and adapt template contracts as needed.

Skills/Qualifications:
JD from an accredited law school; and must have a valid license to practice law in Illinois;
Minimum combined ten (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 including software licenses distributed ledger technologies managed services and on-prem and SaaS license agreements with an appreciation of the issues on both the vendor and client sides;
In-depth experience with the legal and regulatory aspects that can impact contract requirements including familiarity with the impacts of placing data in the cloud. Financial Industry regulations preferred (e.g. FRB SR13-19 PRA SS2/21 GDPR CCPA DORA EU AI Act);
Experience working for a regulated industry financial industry preferred
Ability to work cooperatively with all levels of the organization and provide legal advice and counsel on a wide range of technology-related matters;
Ability to conduct in-depth legal analysis and provide practical solutions-oriented advice;
Excellent oral and written communication skills;
Ability to manage relationships with business partners clients and outside counsel; and
Current knowledge of applicable existing and upcoming regulations impacting the banking industry highly desired.

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.

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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 andapply 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 .

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.