2 months ago

Senior Legal Counsel (Technology and Procurement)

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI

Last checked: 1 hour agoStatus: Live

Job Summary

Senior legal counsel providing advice on technology and procurement matters for a global financial institution. Responsibilities include negotiating technology contracts (SaaS, licenses, data licenses), advising on AI, cloud and distributed ledger technology, and supporting cross-functional teams on regulatory compliance and commercial deals.

Location: Chicago

Workplace: Hybrid

Employment Type: Full time

Job Function: Legal, Risk & Compliance

Seniority: Sr. Manager level

Key Responsibilities

•Support the Procurement and Technology legal team’s efforts to accelerate Northern Trust’s responsible adoption of AI consistent with legal and regulatory requirements and client and supervisory expectations.
•Advise business units, technology engineers, product development teams and business unit legal teams in the development, negotiation and support of vended AI tools and technology contracts (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 for technology initiatives and products used across the enterprise.
•Collaborate with cross-functional teams (Data Privacy, Information Security, Risk, Compliance, Tax) including in other jurisdictions to provide legal support.
•Advise and lead negotiations around complex license agreements, reseller agreements, and other corporate development arrangements.

Pay and Benefits

Perks:401kPensionHealth InsuranceEquityAnnual BonusParental Leave

Key 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.
•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 technology contracts and agreements including software licenses, distributed ledger technologies, managed services, and on-prem and SaaS license agreements.
•In-depth experience with legal and regulatory aspects that can impact contract requirements, including data in the cloud; familiarity with Financial Industry regulations (e.g., FRB SR23-4, PRA SS2/21, GDPR, CCPA, DORA, EU AI Act) is preferred.
•Ability to work cooperatively with all levels of the organization and provide legal advice on a wide range of technology-related matters; excellent written and oral communication skills.

Experience:10+ years

Education:Professional (JD, MD, etc.)

Tech Stack:SaaSCloudOn-premDistributed ledgerAIAPIsWeb portalsSoftware licensesData licenses

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

Glassdoor: 3.9

Website LinkedIn

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Northern Trust

2 months ago

Senior Legal Counsel (Technology and Procurement)

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI

Last checked: 1 hour agoStatus: Live

Job Summary

Location: Chicago

Workplace: Hybrid

Employment Type: Full time

Job Function: Legal, Risk & Compliance

Seniority: Sr. Manager level

Key Responsibilities

•Support the Procurement and Technology legal team’s efforts to accelerate Northern Trust’s responsible adoption of AI consistent with legal and regulatory requirements and client and supervisory expectations.
•Advise business units, technology engineers, product development teams and business unit legal teams in the development, negotiation and support of vended AI tools and technology contracts (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 for technology initiatives and products used across the enterprise.
•Collaborate with cross-functional teams (Data Privacy, Information Security, Risk, Compliance, Tax) including in other jurisdictions to provide legal support.
•Advise and lead negotiations around complex license agreements, reseller agreements, and other corporate development arrangements.

Pay and Benefits

Perks:401kPensionHealth InsuranceEquityAnnual BonusParental Leave

Key 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.
•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 technology contracts and agreements including software licenses, distributed ledger technologies, managed services, and on-prem and SaaS license agreements.
•In-depth experience with legal and regulatory aspects that can impact contract requirements, including data in the cloud; familiarity with Financial Industry regulations (e.g., FRB SR23-4, PRA SS2/21, GDPR, CCPA, DORA, EU AI Act) is preferred.
•Ability to work cooperatively with all levels of the organization and provide legal advice on a wide range of technology-related matters; excellent written and oral communication skills.

Experience:10+ years

Education:Professional (JD, MD, etc.)

Tech Stack:SaaSCloudOn-premDistributed ledgerAIAPIsWeb portalsSoftware licensesData licenses

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Northern Trust

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

Glassdoor: 3.9

Website LinkedIn