Sr. Paralegal, Alternative Investments

The Northern Trust Company; Chicago (IL); Sur place; USD 110 000 - 170 000; Plein temps

Résumé du poste

The Northern Trust Company is seeking a Senior Alternative Investments Paralegal to support the asset management and private funds businesses. You will conduct complex legal research, draft fund documents, and coordinate investor onboarding, closings and regulatory filings under supervision.

Responsibilities include reviewing partnership agreements, subscription documents, side letters and ensuring compliance with SEC rules and blue-sky laws.

Qualifications

• Eight+ years of paralegal or legal department experience.
• Bachelor's degree or paralegal certificate required.
• Experience in corporate law, asset management or large law firm investment management.
• Knowledge of financial services and alternative investment products.
• Ability to multi-task and meet deadlines.
• Strong writing and verbal communication skills.
• Professionalism and teamwork.
• Self-motivated with initiative.

Responsabilités

• Support private fund formation and offerings, including drafting related agreements and documents.
• Coordinate investor onboarding, closings and related regulatory filings.
• Assist with Form ADV, Form PF and other regulatory reporting.
• Review fund documentation and notices for deadlines and compliance.
• Maintain fund entity records and assist with launches and closings.
• Liaise with portfolio management, fund administrators and outside counsel.
• Provide training and mentorship to junior paralegals.

Connaissances

Paralegal experience

Corporate law

Team cooperation

Legal research

Formation

Paralegal degree

Paralegal certificate

Description du poste

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/Department: Senior Alternative Investments Paralegal/Asset Management Legal

Responsible for performing a variety of relatively complex legal-related tasks supporting the firm's alternative investments business, including private equity, hedge fund, real asset and fund-of-funds products, under the direction of, and with a minimum of supervision. Conduct legal research, draft and coordinate fund offering and transaction documents, manage investor onboarding and closings, prepare regulatory filings and other related duties.

The key responsibilities of the role include:

• Support all aspects of private fund formation and offerings, including preparing, reviewing and coordinating private placement memoranda, limited partnership and operating agreements, subscription documents, side letters and related fund documentation.
• Thorough knowledge of private fund structures and applicable securities laws and regulations, including Regulation D under the Securities Act of 1933 and the Investment Advisers Act of 1940.
• Perform independently a variety of relatively complex legal tasks related to investor onboarding, including reviewing subscription documents for investor eligibility (accredited investor, qualified purchaser and qualified client status), ERISA/benefit plan investor status, and coordinating AML/KYC review with fund administrators and compliance.
• Understands the organizational structure and identifies key internal and external stakeholders, including portfolio management, operations, fund administrators, auditors and outside counsel, in order to efficiently manage fund launches, closings and ongoing fund matters.
• Escalate matters and consult with Legal Department attorneys on special projects and assignments, as needed, and using analytical skills to identify all relevant issues; identify all applicable laws and understand all relevant aspects of the related client relationship.
• Prepares and files regulatory filings, including Form D and state blue sky notice filings, and assists with Form ADV, Form PF and other regulatory reporting as requested by Legal Department attorneys.
• Review fund documentation, capital call and distribution notices, transfers and redemptions to determine deadlines and ensure conformity with fund governing documents and legal requirements.
• Conduct independent complex legal research on specific issues.
• Communicates with investors, clients, fund administrators, government agencies or officials on a regular basis to answer questions and to collect and assemble information.
• Provides transaction management support, including preparing and maintaining closing checklists, coordinating signature pages, assembling closing sets and tracking side letter obligations and MFN elections.
• Knowledge of SEC EDGAR and state blue sky filing processes.
• Timely document and maintain fund entity records, executed fund documents and updates in the legal database.
• Works closely with external counsel.
• Assist in training and mentoring new paralegals/interns.
• Assist with projects and tasks as assigned.

Required Qualifications

• Eight+ years of experience is required.
• Bachelor's degree in paralegal studies, paralegal certificate OR the equivalent combination of formal education, training and or experience.
• Previous corporate law department, asset management and/or large law firm investment management or private funds experience.
• Knowledge of the financial services industry and alternative investment products (private equity, hedge funds, real assets and/or fund-of-funds)
• Demonstrate professionalism and skill working in a team environment and coordinating workloads.
• Ability to multi-task and consistently meet aggressive and time-sensitive deadlines.
• Excellent writing and verbal communication skills, as well as strong organizational skills are required to prepare and process legal documents.
• Time management skills to process a large workload with competing deadlines.
• Knowledge of legal terminology and strong analytical skills are required to conduct legal research.
• Excellent customer service skills.
• Ability to work effectively with internal and external clients, team members, management and staff.
• Self-motivated,