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.
Northern Trust Wealth Management
Practice Lead, Energy & Minerals Management Group
Location Dallas, Texas
is seeking to hire an individual to lead its Energy & Minerals Management Group (EMM Group).
Northern Trust Wealth Management
The EMM Group consists of 15 professionals, including certified professional landmen, oil and gas attorneys, and petroleum engineers with over 120 years of collective experience in the oil and gas industry. The team manages over 20,000 oil, gas and mineral interests held in trusts or estates where Northern Trust has been named trustee or executor. The team is structured similar to a non-operating production company, including division order analysts and operational staff.
Services that the EMM Group provides to clients include
- Conducting annual performance reviews and investment oversight
- Negotiating leases, farmout agreements, gas purchase contracts and related proposals
- Proactively mitigating the risks of drilling and production activities
- Evaluating the costs and benefits of investment proposals for capital projects
- Monitoring working interest expenses and payment of joint interest bills
- Performing technical evaluations of drilling and workover proposals
- Conducting title research and identification of assets held in trust and agency accounts
- Collecting revenue and tracking monthly production income
- Reviewing and paying ad valorem taxes
Role and Responsibilities
As Practice Lead of the EMM Group, the candidate will be responsible for overseeing all aspects of the group's operations, including
- Defining the long-term growth strategy and annual business plans for the group
- Supporting new business development by evaluating new business opportunities and playing an active role in prospect and client meetings
- Marketing the group both internally to Northern Trust employees and externally to key industry groups, advisors and prospects
- Team staffing, hiring and training
- Operational processes and procedures for managing the group's portfolio of assets
- Helping with managing vendor relationships and negotiating vendor contracts
- Ensuring consistent client service standards
- Serving as Northern Trust's oil and gas subject matter expert, including opportunities to participate in speaking engagements and writing articles for
- The Northern Trust Institute
The Practice Lead of the EMM Group will report to Northern Trust's
Director of Business Services
Knowledge / Experience
- Significant (+10 years) experience in the oil and gas industry
- Familiarity and relationships with key players in the oil and gas industry
- Leadership and management experience overseeing a team, business or division of a business
- Experience serving and advising sophisticated, high net worth families
- Ability to articulate the value proposition of the group to a broad audience with varying levels of familiarity with the oil and gas industry
- Experience negotiating oil and gas contracts and related agreements
- Knowledge of managing oil and gas assets in the capacity of trustee and executor a plus
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.