Senior Legal Counsel (Technology) at Northern Trust

Chicago, Illinois, United States

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Banking, TechnologyIndustries

JD from an accredited law school and 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 issues on both vendor and client sides
In-depth experience with legal and regulatory aspects impacting contract requirements, including familiarity with 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, particularly financial services

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
Stay current on legal and regulatory developments that impact the banking sector and adapt template contracts as needed