Senior Legal Counsel – Banking and Markets Group

Northern Trust
Chicago, Illinois
Workplace: HybridFull timeUSD 160,100 - 272,300 annuallyFunction: Legal, Risk & ComplianceExperience: 8+ yearsEducation: professionalSkills: ["Solutions-oriented legal advice","In-depth legal analysis","Excellent communication","Collaborative teamwork","Trusted relationship building"]

Provide high-quality legal advice to senior management and business partners within the Banking and Markets Group. Advise on private wealth and commercial credit transactions, including structuring, drafting, reviewing, and negotiating secured and unsecured loan documents, real estate financings, and letters of credit. Support bank regulatory matters and new product/business strategy, help with distressed loan workouts and policy drafting, and collaborate with outside counsel while managing legal risk.

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FursaFursa
Northern Trust
Northern Trust
3 days ago

Senior Legal Counsel – Banking and Markets Group

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Job Summary

Provide high-quality legal advice to senior management and business partners within the Banking and Markets Group. Advise on private wealth and commercial credit transactions, including structuring, drafting, reviewing, and negotiating secured and unsecured loan documents, real estate financings, and letters of credit. Support bank regulatory matters and new product/business strategy, help with distressed loan workouts and policy drafting, and collaborate with outside counsel while managing legal risk.
Location: Chicago, Illinois
Workplace: Hybrid
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Mid level

Key Responsibilities

  • •Advise business partners on legal aspects of private client, professional services, not-for-profit, and commercial credit matters, including loan structuring, drafting, review, and negotiation.
  • •Advise on legal and regulatory aspects of banking products and accounts, including deposits and payments.
  • •Advise on banking regulations (e.g., Regulation U, Regulation O, Rule 144, legal lending limits) and applicable federal and state banking laws.
  • •Provide legal support for distressed loan workouts, special assets matters, restructurings, and related risk-management initiatives.
  • •Draft and review credit and other banking policies and standards; advise committees and manage outside counsel as needed.

Pay and Benefits

Salary: USD 160,100 - 272,300 annually
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveLife InsuranceDisabilitySpending AccountsEquity

Key Requirements

  • •8+ years of experience at a nationally recognized law firm or in-house legal department advising financial institutions in relevant areas.
  • •JD from an accredited law school.
  • •Must meet attorney licensing requirements in the jurisdiction where the position is located.
  • •Extensive experience drafting and negotiating secured and unsecured loan documentation and other banking-related contracts.
  • •Experience with distressed loan workouts and/or real estate lending and/or deposit products and services (a plus).
Experience:8+ yearsFinancial servicesBankingLendingRegulatory
Education:Professional (JD, MD, etc.)
Skills:Solutions-oriented legal adviceIn-depth legal analysisExcellent communicationCollaborative teamworkTrusted relationship building
Licenses:Attorney licensing

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Northern Trust
Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.
Industry: Asset Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Chicago, United States
Founded: 1889
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