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Legal Counsel - Banking (VP level)

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Northern Trust Corporation

16d ago

  • Job
    Full-time
    Mid & Senior Level
  • Legal
  • London
  • Quick Apply

AI generated summary

  • You must be a qualified lawyer (3-5 years PQE) in England and Wales, with banking expertise, strong contract negotiation skills, and the ability to provide practical legal advice.
  • You will provide legal advice on banking matters, draft and negotiate documents, support projects, engage with stakeholders, and conduct legal research.

Requirements

  • A qualified lawyer in England and Wales with 3-5 years PQE with a current practicing certificate, who is currently working either in a reputable and recognised financial services practice at a law firm or a financial institution with general banking expertise. Additional qualifications to practice law in other EMEA jurisdictions will be viewed positively, particularly Luxembourg or Guernsey.
  • Experience with structuring, drafting and negotiating different types of secured and unsecured lending and other banking related contracts including bi-lateral facilities, capital call facilities and overdrafts. Solid understanding of credit support for various types of fund structures as well as taking security.
  • Excellent contract drafting and negotiation skills across a broad suite of contracts, ideally with specific experience of the documents and agreements referred to above including negotiating with large financial institutions and their appointed external counsel.
  • Ability to work cooperatively with all levels of the organisation and provide practical, solutions-orientated advice with a strong commercial and pragmatic sense understanding the needs of the business.
  • Excellent oral and written communication skills with the ability to work collaboratively, both within the legal department and with business partners. The ability to analyse complex legal issues and explain these in plain English.
  • A self-starter who is flexible and able to work independently and has the ability to prioritise and work to set deadlines within a challenging environment.

Responsibilities

  • Providing banking and treasury related legal advice supporting loan transactions, deposits, bank regulatory matters, bank policies and practices and other banking related issues.
  • Coordinating, drafting, reviewing and negotiating banking legal documents, including secured and unsecured loan transactions.
  • Providing advice and counsel to business partners in the Global Family Office and the Global Financial Institutions Group on business products and services, liaising and engaging with internal and external counsel, where necessary.
  • Supporting the Assistant General Counsel and liaising with other colleagues in the legal department (in EMEA, APAC and the US) supporting Northern Trust’s banking and treasury businesses globally in order to maintain a consistent approach to the policies of the bank in connection with the provision of the services.
  • Creating, updating and maintaining standard template agreements and negotiation guidelines relevant to the services provided to Northern Trust’s clients in compliance with the risk management framework and policies of the bank.
  • Supporting strategic projects and new product initiatives.
  • Engaging with internal stakeholders by supporting Compliance and Risk Management and the Assistant General Counsel, in analysing the requirements of new laws and regulations impacting the businesses and the implementation of processes and procedures in order to comply with such requirements.
  • Conducting legal research as appropriate to support legal advice and recommendations.

FAQs

What is the location of the Legal Counsel - Banking position?

The position is based in London.

What is the level of experience required for this role?

The role requires 3-5 years of post-qualification experience (PQE).

Is this position for a full-time or part-time role?

The position is for a full-time role.

What specific legal issues will the Legal Counsel be advising on?

The Legal Counsel will provide advice on a wide range of banking and treasury related legal issues, including loan transactions, deposits, and bank regulatory matters.

Are there opportunities for professional development in this role?

Yes, the organization encourages movement within and provides opportunities for career growth and development.

Is it necessary to have qualifications to practice law in other EMEA jurisdictions?

While not necessary, additional qualifications to practice in other EMEA jurisdictions, particularly Luxembourg or Guernsey, will be viewed positively.

What skills are emphasized for this position?

Key skills include excellent contract drafting and negotiation, the ability to provide practical solutions-oriented advice, and strong oral and written communication skills.

Will the Legal Counsel need to engage with internal stakeholders?

Yes, the Legal Counsel is expected to engage with internal stakeholders, including Compliance and Risk Management teams.

What type of legal documents will the Legal Counsel be involved with?

The Legal Counsel will coordinate, draft, review, and negotiate banking legal documents, including secured and unsecured loan transactions.

How does Northern Trust describe its workplace culture?

Northern Trust describes its workplace culture as flexible and collaborative, promoting innovation and inclusivity.

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Northern Trust Corporation

Dynamic careers. Brighter futures. Greater possibilities.

Finance
Industry
10,001+
Employees
1889
Founded Year

Mission & Purpose

Northern Trust is a leading global financial services company that offers a comprehensive range of asset servicing, investment management, and banking solutions to individuals and institutions. With a strong emphasis on client-focused services, Northern Trust aims to build enduring partnerships with their clients by providing tailored solutions and exceptional customer experiences. Their expertise in asset management, wealth management, and asset servicing enables them to deliver innovative and reliable financial solutions that help clients grow, preserve, and manage their wealth effectively. As a trusted financial partner, Northern Trust's purpose is to empower their clients to achieve their financial goals and navigate the complexities of the global financial markets with confidence and peace of mind.