Senior Legal Counsel—Litigation, Investigations & Regulatory Enforcement

Northern Trust • Chicago, IL

11d • Hybrid

About The Position

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. This position reports to the Global Head of Litigation, Investigation & Regulatory Enforcement. The Litigation, Investigation & Regulatory Enforcement group has a global mandate, advising all Northern Trust entities on an array of legal matters, including pre-litigation business problems, corporate and representative litigation, government inquiries, cyber, privacy and internal investigations. This role will focus on general corporate litigation, litigation arising out of non‑fiduciary client services, internal investigations and regulatory enforcement matters.

Requirements

• Must possess a J.D. degree from an accredited law school and must meet attorney licensing requirements in the jurisdiction in which the position will be located, prior to and after commencing employment.
• Must have a valid license to practice law in Illinois and at least 5 years as a lawyer with a full-time business litigation practice and experience advising clients in highly regulated industries.
• Must have experience as the lead lawyer preparing witnesses and supervising complex discovery in business litigation.
• Must have experience with subpoena and discovery responses, including document identification, collection, and production.
• A successful candidate will understand written and electronic discovery well-enough and will learn Northern Trust’s data map well-enough to, for example, spot problems with discovery suggestions from outside or opposing counsel and advise senior internal counsel accordingly.
• Must have familiarity with legal holds, document management applications (such as Everlaw, Relativity, Concordance, Nebula, etc.) and secure electronic document sharing (such as FTP sites).
• Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.
• Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)

Nice To Haves

• An ideal candidate also will have represented financial services clients in litigation and regulatory enforcement matters.

Responsibilities

• Manages and supports all aspects of pending and threatened litigation, new or ongoing investigations and a variety of regulatory enforcement matters for Northern Trust’s Legal Department.
• Develops appropriate strategy in consultation with senior internal counsel.
• Implements strategy and proactively coordinates deliverables with internal and external partners.
• Reviews, revises and makes timely recommendations to senior internal counsel regarding memoranda, motions practice and draft agreements proposed by outside counsel.
• Advises Northern Trust partners on litigation strategy and risk.
• Oversees internal discovery efforts with or without outside counsel, including coordination with internal e-discovery team about document identification, searching, collection, and production.
• Drafts, facilitates and implements legal hold notices.
• Leads and supervises factual investigations in connection with a wide range of legal issues to identify problems and to support pending and potential litigation, investigations and regulatory enforcement.
• Effectively and respectfully interacts with partners (e.g., relationship managers, Risk/Compliance, Tax, Legal Department, Human Resources) or external parties (e.g., regulators, other financial institutions, investigations staff) in the course of information gathering, as appropriate.
• Conducts complex research and timely prepares summaries of findings.
• Provides assistance in responding to regulatory inquiries and complaints.
• Responsible for preparing partners, with or without the assistance of outside counsel or senior internal counsel, for deposition and trial/hearing testimony.
• Supports team tracking and reporting requirements.
• Handles assorted miscellaneous litigation matters with minimal supervision.
• Researches and recommends hiring of and works collaboratively with outside counsel and other legal and forensic vendors.

Benefits

• 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
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Ph.D. or professional degree