Senior Legal Counsel

6 days ago

London, Greater London, United Kingdom Northern Trust Corporation Full time

About Northern Trust Corporation:

Northern Trust Corporation, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust Corporation 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.

Role/Department:

We are seeking a senior lawyer to fill the role of Senior Legal Counsel and Senior Vice President supporting Northern Trust Corporation's asset servicing business in the UK and our Middle East region. Reporting to the Assistant General Counsel responsible for the UK asset servicing legal team, the role will be part of a team of 6 asset servicing lawyers and will be based in the legal department in London. Northern Trust Corporation's legal department consists of more than 85 lawyers worldwide, including 25 lawyers located in EMEA.

The Key Responsibilities of the Role Include:

  • The successful candidate will provide legal support to Northern Trust Corporation's asset servicing business units in the UK and Middle East, with particular focus on global custody, but also fund services, wealth management, and related services.
  • Principal responsibilities will include:
    • Advising business partners, including senior-level management, from a position of knowledge and experience across all product lines.
    • Reviewing, commenting, and advising on RFP responses.
    • Drafting and negotiating Master Custody, Account Control, Depositary, Fund Administration, and other agreements relevant to the services provided to Northern Trust Corporation's asset servicing clients, working with external counsel where necessary.
    • Liaising with other colleagues in the legal department (both in EMEA, APAC, and the US) supporting Northern Trust Corporation's asset servicing business units globally and external counsel to maintain a consistent approach to the policies of the bank in connection with the provision of the services.
    • Updating and maintaining standard template agreements relevant to the services provided to Northern Trust Corporation's asset servicing clients in the UK and Middle East region in compliance with the policies of the bank, including working with external counsel where necessary.
    • Supporting strategic projects and new product initiatives, including participating in Product and Service Risk Reviews.
    • Engaging with and supporting Compliance and Risk Management in analyzing the requirements of new laws and regulations impacting the businesses and the implementation of processes and procedures in order to comply with such requirements.

Skills/Qualifications:

The Successful Candidate Will Benefit from Having:

  • A senior lawyer who is currently working either in a reputable and recognized financial services practice or a large UK financial institution and is looking for the next step up in their career.
  • Exposure to one or more of the following businesses: global custody, fund administration, and wealth management.
  • Knowledge of the Middle East region, in particular the Saudi Arabian and Abu Dhabi Global Market, although this is not a requirement.
  • A person with:
    • Strong integrity and an ethical sense.
    • Strong commercial/pragmatic sense and understanding of business needs.
    • Excellent written and verbal communication skills.
    • Excellent inter-personal skills.
    • Excellent organizational and analytical skills.
  • Detailed knowledge of market-driven and regulatory initiatives that impact the custody offering across a range of jurisdictions/client types/asset classes.
  • Excellent contract drafting and negotiation skills across a broad suite of contracts, ideally with specific experience of the documents and agreements referred to in the principal responsibilities section above, including negotiating with large financial institutions and their appointed external counsel.
  • A self-starter who is flexible and able to work independently and has the ability to prioritize and work to set deadlines within a challenging environment.
  • Strong commercial/pragmatic sense and understanding of business needs.

Working with Us:

As a Northern Trust Corporation partner, 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.

Our company is committed to assisting the communities we serve, and we encourage movement within the organization. Senior leaders are accessible, and you can take pride in working for a company committed to making a positive impact.

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.

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