Northern Trust Legal Counsel -Regulatory Administration Group - 68629 in Chicago, Illinois

This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/ada/r/jobs/5669372 We are seeking an experienced 1940 Act/Regulatory Administration Attorney to join an expanding Regulatory Administration Group within Corporate and Institutional Services. Attorney should have a solid understanding of 1940 Act registered mutual funds and some Board governance experience.

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The Legal Counsel will support the Senior Attorneys and provide oversight to the Paralegals in the provision of Board, regulatory and disclosure services to proprietary and 3rd party mutual fund complexes. This includes:

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• Draft and review mutual fund Board meeting materials, including agendas, meeting notices, cover letters, resolutions and all other corporate governance documentation.• Resolve routine comments on Board materials from fund and in-house counsel, auditors and other reviewers.• Oversee all aspects of the planning, preparation and execution of Board and shareholder meetings including reviewing and drafting of regulatory calendars, production calendars and responsibility matrices.• Attend Board and Committee meetings and present as necessary. Draft, circulate and resolve comments to Board and Committee meeting minutes in a timely fashion.• Prepare and review Board and regulatory calendars.• Prepare, review and supervise the preparation of investment company regulatory filings and shareholder communications (including prospectuses, statements of additional information, financial statements, proxy materials, etc.)•Prepare, edit and review drafts of all mutual fund SEC submissions to ensure that disclosure requirements are met.• Oversee the group's record retention program, including all electronic and hard storage, both on- and off-site.• Responsible for the annual review and renewal of fund and director's insurance policies.• Perform research on issues regarding the Investment Company Act of 1940 and other mutual fund regulations, as needed.• Assist on regulatory examinations and inquiries as necessary.

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Knowledge/Skills

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• The ideal candidate will be an intelligent, energetic and goal-oriented conceptual thinker with the ability to quickly assess a situation and exercise sound business judgment.• An ideal candidate will have experience within a mutual fund organization (adviser or otherwise), a mutual fund administrator (custodian, transfer agent or other service provider), the mutual fund practice of a law firm, or with the SEC or other regulatory agency.• Candidate will be an independent self-starter with the ability to follow through and complete tasks in a team environment.• Candidate must be able to work under pressure and prioritize competing tasks that require the highest level of attention to detail and accuracy.• Management and strategic planning experience are desired. • An understanding of the mutual fund industry and the laws that govern its activities is desired.• Candidate will be responsible for coordinating with multiple external parties, therefore candidate must demonstrate a cooperative attitude and exceptional interpersonal and consensus building skills. • Candidate must have the ability to establish good working relationships with clients, members of Boards of Trustees, fund counsel, chief compliance officers, auditors and financial printers.• Duties must be completed according to timelines which candidate will create, monitor and maintain; therefore strong project management and time management skills are a must.• Excellent oral and written communication skills are required.• Advanced proficiency with Microsoft Office (Outlook, Word, Excel, Access and PowerPoint) is a plus.

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For more than a century, Northern Trust has worked hard build ng our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

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We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

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As of December 31, 2017, Northern Trust Corporation had:

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$139 billion in banking assets$8.1 trillion in assets under custody$10.7 trillion in assets under custody/administration$1.2 trillion in assets under management

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