Legal Counsel Alternative Investments

Legal Counsel, Alternative Investments

Apply remote type Hybrid locations Chicago, IL time type Full time posted on Posted 9 Days Ago job requisition id R139650

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/ Department: Legal Counsel, Alternative Investments/Legal
We are seeking a highly motivated, self-starting alternative investment attorney to join a 19-member legal team that supports Northern Trust's asset management business. Broad asset management experience with knowledge of registered investment advisers, and private equity and hedge fund structures and strategies is required.

The position will work directly with the General Counsel of 50 South Capital Advisors, LLC, the alternative investment subsidiary of Northern Trust Asset Management. 50 South Capital Advisors, LLC, is a registered investment adviser and wholly owned subsidiary of Northern Trust Corporation. The position will report to the Northern Trust Legal Department’s Deputy General Counsel and Head of Asset Management Legal.

The key responsibilities of the role include:

1. Provide day-to-day legal advice and counsel to management, product development, sales, marketing, portfolio management, risk, compliance and operations teams.
2. Draft, negotiate and review various legal agreements and regulatory documents.
3. Ensure compliance with evolving SEC, FINRA, CFTC and state regulatory requirements.
4. Monitor and analyze new laws, regulations and industry trends to assess their impact on the business and advise on policy development and implementation.
5. Represent the firm in regulatory examinations, inquiries and enforcement matters.
6. Act as legal advisor to internal committees and participate in relevant industry groups to influence policy and share best practices.
7. Assist in drafting and updating policies, procedures and training materials to support a robust compliance and risk management culture.
8. Support corporate governance, board meetings and regulatory filings.

Skills/ Qualifications:

1. Must have a valid license to practice law in Illinois.
2. Strong knowledge of investment management laws, SEC and FINRA regulations, and industry best practices.
3. Experience advising on alternative investment regulatory issues, including markets, distribution, advertising and compliance programs.
4. Ability to apply high-quality legal analysis, practical judgment and strategic thinking to identify and mitigate legal and regulatory risks.
5. Strong interpersonal skills, with the ability to work effectively with executives, business partners and compliance teams.
6. Exceptional written and verbal communication skills, with the ability to draft precise and practical legal guidance.
7. Ability to manage relationships with outside counsel efficiently and cost-effectively.
8. Adaptability to evolving legal and regulatory landscapes, with a proactive approach to emerging topics.
9. Demonstrated ability to work both independently and collaboratively in a fast-paced, high-stakes environment.

Working Model: Hybrid (#LI-Hybrid)
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Salary Range: $114,500 - 194,700 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

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.

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