Senior Legal Counsel, Tech & AI Procurement

Illinois Defense Counsel; Chicago (IL); Hybrid; USD 160,000 - 272,000; Full time

Benefits offered by this job

401k and pension

Health and welfare benefits

Paid time off

Parental and caregiver leave

Life & accident insurance

Job summary

Northern Trust, a Fortune 500 global financial institution, seeks a Senior Legal Counsel specializing in procurement and technology to advise senior management and business partners on complex contracts, SaaS, data licenses, cloud transitions, and regulatory considerations.

You will draft and update templates and playbooks, negotiate high-stakes technology agreements, and work with Data Privacy, Information Security, Risk, Compliance, and Tax across jurisdictions in a hybrid work environment

Qualifications

• 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 various types of technology contracts and agreements, including software licenses, distributed ledger technologies, managed services, and on-prem and SaaS license agreements, with an appreciation of the issues on both the vendor and client sides.
• In-depth experience with the legal and regulatory aspects that can impact contract requirements, including familiarity with the impacts of placing data in the cloud. Financial Industry regulations preferred.
• Experience working for a regulated industry, financial industry preferred.
• Ability to work cooperatively with all levels of the organization and provide legal advice and counsel on a wide range of technology-related matters.

Responsibilities

• Support the Procurement and Technology legal team's efforts to accelerate AI adoption in compliance with legal and regulatory requirements.
• Advise business units, technology engineers, product development teams and legal teams in development, negotiation and support of vended AI tools and technology contracts.
• Develop and update template contracts, playbooks, terms of use, and other terms for technology initiatives across the enterprise.
• Collaborate with cross-functional teams including Data Privacy, Information Security, Risk, Compliance, Tax and other jurisdictions as needed.
• Advise and contribute to IT risk, cloud governance and AI committees focused on new technology initiatives.
• Advise and lead negotiations around strategic transactions including complex license and reseller agreements.
• Provide legal support for technology-related corporate initiatives and other Legal Department functions.
• Advise on legal and regulatory developments that impact procurement and technology initiatives and update templates accordingly.

Education

J.D. degree

Job description

Northern Trust, a Fortune 500 global financial institution, seeks a Senior Legal Counsel specializing in procurement and technology to advise senior management and business partners on complex contracts, SaaS, data licenses, cloud transitions, and regulatory considerations.

You will draft and update templates and playbooks, negotiate high-stakes technology agreements, and work with Data Privacy, Information Security, Risk, Compliance, and Tax across jurisdictions in a hybrid work environment