ERISA Assoc General Counsel (Finance)

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 world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Role Summary:

This role will focus on Northern Trust's compliance with the Employee Retirement Income Security Act of 1974, as amended ("ERISA") and the parallel provisions under the Internal Revenue Code of 1986, as amended (the "Code") with respect to Northern Trust's business. (This role is not responsible for employee benefit plans sponsored and/or maintained by Northern Trust for the benefit of its employees).

Major Duties:

• Manages and supports all aspects relating to compliance with ERISA and the parallel provisions under the Code with respect to Northern Trust's business for Northern Trust's Legal Department.
• Coordinates with ERISA Compliance, as well as other Risk and Compliance partners, with respect to maintaining a comprehensive ERISA/prohibited transaction compliance program.
• Provides bespoke ERISA-related training for Northern Trust business partners that is specific to such partners roles and obligations.
• Effectively and respectfully interacts with partners (e.g., relationship managers, Risk/Compliance, Tax, Legal Department, Human Resources) or external parties (e.g., regulators, other financial institutions, investigations staff), as appropriate.
• Conducts complex research and timely prepares summaries of findings.
• Provides assistance in responding to regulatory inquiries, examinations, and subpoenas from the Department of Labor, Internal Revenue Service, and Pension Benefit Guaranty Corporation.
• Works collaboratively with outside counsel and other legal vendors.
• Stays up-to-date on applicable regulatory developments affecting financial institutions and clients, generally, and how such developments bear on Northern Trust's business, specifically.

Knowledge/Skills:

This role requires collaboration, confidence, insightfulness and tech-savvy. The candidate must have strong leadership, analytical abilities and judgment. The position also requires exceptional communication and organizational skills to work effectively and cooperatively with internal and external clients, management and staff and to coordinate business functions with other departments on many matters simultaneously.

Experience:

• Must have a valid license to practice law in Illinois and at least ten years as a lawyer with a full-time advising financial services clients.
• Must have extensive experience advising on matters involving Title I of ERISA.
• Must have experience advising on prohibited transactions and compliance with applicable exemptions, including PTE 84-14 (also known as the QPAM Exemption).
• Must have experience advising on developing a compliance program relating to ERISA.
• Ideally have experience advising with respect to ERISA/prohibited transaction issues that may arise in connection with investment management of plan assets, collective investment trusts, alternative investments, broker-dealers, and asset servicing,

Salary Range:
$205,700 - 360,100 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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 organization is 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.

We'd love to learn more about how your interests and experience could be a fit with one of the world's 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 MyHRHelp@ntrs.com .

We hope you're 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.