Senior Paralegal - Asset Servicing

About Northern Trust

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.

Role:

We are looking to recruit a senior paralegal / paralegal to supporting Northern Trust’s EMEA asset servicing businesses. Reporting to the Assistant General Counsel in Ireland, the role will be based in Limerick.  Northern Trust's legal department consists of approximately 90 lawyers worldwide, including approximately 30 lawyers located in EMEA.

The key responsibilities of the role include:
 

• The successful candidate will provide legal support to Northern Trust’s asset servicing business across EMEA, with particular focus on fund services and global custody, including depositary, fund administration, investment operations and related ancillary services.

• Principal responsibilities will include:

Working with advisory lawyers on the preparation of playbooks, checklists, guidance notes etc as well as their regular review and maintenance Privacy Incidents – assisting with the initial review of contractual obligations Review of marketing materials Drafting and reviewing certain legal documentation including:

• Non-disclosure agreements
• Intercompany Agreements
• Amendment Agreements (fees etc)
• Market standard product agreements/terms of business etc
• Preparing Execution versions of documents and using Docusign for the execution of documents and co-ordinating transaction signings Setting matters up in the E-billing platform and helping to manage invoices internally and with the law firms
• Conducting preliminary legal research as directed to support legal advice and recommendations
• Helping to develop and manage  AI Legal agents

The role holder will work closely with the Assistant General Counsels and other lawyers in the EMEA Asset Servicing team and liaising with other colleagues in the legal department (in EMEA, APAC and the US) to support Northern Trust’s asset servicing business globally in order to maintain a consistent approach to the policies of the bank in connection with the provision of the services.

Skills/Qualifications:

The successful candidate will benefit from having: 

• Ideally the person will be a senior paralegal / paralegal who is currently working either in a reputable and recognised financial services practice at a law firm or a financial institution with asset management or asset servicing expertise.

• As  the role offers breadth across depositary, fund administration, global custody and having exposure to one or more of these business would be advantageous.

• A person with:

-strong integrity and an ethical sense;

-strong commercial/pragmatic sense and understanding of business needs;

-excellent written and verbal communication skills; 

-excellent inter-personal skills; and 

-excellent organisational and analytical skills.

• Detailed knowledge of market driven and regulatory initiatives that impact the fund management industry, depositary and/or custody offering across a range of jurisdictions/client types/asset classes.

• Strong contract drafting and negotiation skills across a broad suite of contracts and experience with working with advisory lawyers

• 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.

• Strong commercial/pragmatic sense and understanding of business needs.

Work Authorization

Applicants must have the right to work in Ireland at the time of application and for the duration of employment.

Please note that Northern Trust is unable to provide employment permit sponsorship for this role. This includes Critical Skills Employment Permits, General Employment Permits, Intra-Company Transfer Employment Permits, Stamp 1G permissions, and other employment permits under Irish immigration frameworks.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.