Senior Legal Counsel – Banking and Markets Group

About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. As a member of Northern Trust’s Legal Department, this attorney will provide 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 attorney will advise on a wide range of banking legal matters, with primary responsibilities including private wealth and commercial credit transactions, bank regulatory matters, bank policies and practices, and other banking-related issues.  The position is in the Banking and Markets Group within the Legal Department and reports to a Deputy General Counsel.  Major Duties Advises business partners on all legal aspects of private client, professional services, not-for-profit and commercial credit matters including structuring, drafting, reviewing and negotiating secured and unsecured loan transactions, commercial and residential real estate financings, and letters of credit; Advises business partners on legal and regulatory aspects of other banking products and accounts (deposits, payments); Advises business partners and corporate functions on banking regulations such as Regulation U, Regulation O, Rule 144, legal lending limits, and other applicable federal and state banking laws and regulations; Advises business partners and corporate functions on legal and regulatory aspects of new banking products and business strategy; Provides legal support for distressed loan workouts, special assets matters, restructurings, and related risk-management initiatives;   Assists in drafting and reviewing credit and other banking policies, standards and procedures; Advises committees and working groups in assigned areas of responsibility; Provides legal support for other corporate initiatives, as requested; Works with and manages outside counsel on matters requiring outside legal assistance; and Supports other members of the Banking and Markets Group and the Legal Department. Skills/Experience Required The ideal candidate would have the following skills and experience: Extensive experience drafting and negotiating secured and unsecured loan documentation and other banking-related contracts; Experience with distressed loan workout matters, real estate lending, and/or deposit products and services a plus; Ability to work cooperatively with all levels of the organization and provide solutions-oriented legal advice on a wide range of banking and other matters, appropriately managing risk while supporting business objectives; Ability to conduct in-depth legal analysis and provide practical, solutions-oriented advice; Excellent oral and written communication skills; Ability to work collaboratively on teams, both within the Legal Department and with business partners and other stakeholders; Ability to build trusted relationships with business partners, clients and outside counsel; and Up-to-date knowledge of and enthusiasm for learning about existing and emerging legal and regulatory developments impacting banking, lending, payments, and deposit products. Qualifications/Experience Ideally 8+ years of experience at a nationally recognized law firm or in-house legal department advising financial institutions or clients in relevant areas; JD