Senior Legal Counsel-Commercial/Procurement-Hybrid

Job Description

About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the worlds most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. With more than 130 years offinancial experience and over 22,000 partners, we serve the worlds most sophisticated clients using leading technology and exceptional service. Description: As a member of Northern Trusts EMEA Legal Department, this attorney will be responsible for providing high quality legal advice and counsel to our senior management and business partners in a manner consistent with our enduring principles of service, expertiseand integrity. The ideal candidate will be a qualified solicitor with broad experience in procurement matters for a global financial organisation, including commercial contract negotiations, software and technology sourcing, and enterprise market data licensingand distribution. The candidate will have primary responsibility for advising procurement business partners on a wide range of legal issues, including outsourcing, technology licensing, enterprise market data, applicable bank policies and regulatory matters,contract negotiations and other procurement-related matters including third party management and vendor management. The role will be based in London and will report to the General Counsel International based in London. Major Duties:

• Advise and support the procurement business unit with drafting, reviewing and negotiating commercial contracts (including for goods, services and software), managed services agreements and other documentation incidental to a vendor or outsourcing relationship.
• Advise on all legal aspects of enterprise market data distribution, licensing and procurement. Draft, review and negotiate enterprise market data agreements and other documentation incidental to such a relationship.
• Advise on all legal aspects of the licensing of software. Draft, review and negotiate software license agreements, SaaS agreements and other documentation incidental to a business partner, vendor or outsourcing relationship.
• Provide contract interpretation and other advice in response to compliance queries, audits, and initial contract disputes.
• Develop, update and maintain template contracts for the procurement business unit.
• Train procurement business partners on all above-referenced matters and work collaboratively with other relevant business and Legal Department partners.
• Provide legal support for other corporate teams (including real estate) as requested and support other Legal Department team members.
• Work collaboratively with legal colleagues in the US and APAC who also support the procurement function.

The successful candidate will benefit from having:

• Extensive experience negotiating, and general familiarity with, different types of procurement contracts, including software, technology, managed services and enterprise market data license agreements;
• In-depth experience with the legal and regulatory aspects of procurement on behalf of a multi-jurisdictional financial organisation, including software and technology sourcing and outsourcing requirements;
• Ability to work cooperatively with all levels of the organisation and provide legal advice and counsel on a wide range of procurement-related matters;
• Ability to conduct in-depth legal analysis and provide practical, solutions-oriented advice;
• Excellent oral and written communication skills;
• Ability to work collaboratively on teams, both within the Legal Department and with business partners;
• Ability to manage relationships with business partners, clients and outside counsel; and
• Current knowledge of applicable existing and upcoming regulations impacting the banking industry generally and procurement more specifically.
• Proven experience at a nationally recognised law firm and/or in-house legal department advising financial services clients in relevant areas
• Qualified solicitor in England & Wales.

Working with Us: As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organizationis encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose. Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater Reasonable accommodation: Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at . We hope youre excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater. Additional Information