Executive Director, Associate General Counsel
Apply locations Chicago - 125 S Franklin time type Full time posted on Posted 12 Days Ago job requisition id REQ-4079
Please Note: This Position Is Not Eligible for Visa Sponsorship
What You'll Do:
The Executive Director, Associate General Counsel, will provide senior legal counsel to internal business stakeholders on both routine and complex matters regarding legal risk and specifically regulations applicable to OCC and OCC’s By-Laws and Rules. This role also is responsible for drafting rule filing assessments and other regulatory related documents and memoranda, drafting rule filings, interacting with internal business teams and working groups, and interacting with various third parties including exchanges and regulatory authorities. This role also is responsible for managing other attorneys and/or paralegals.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
- Provide legal and regulatory support to business partners including, but not limited to, drafting rule filing assessments and rule filings, legal memoranda, and other documents; reviewing documents to help ensure accuracy, consistency, and overall quality; and other necessary actions to provide thorough legal advice to business partners.
- Act as subject matter expert for the legal function by providing specialized legal and regulatory advice to internal stakeholders on a variety of matters, including areas of regulations applicable to financial risk management, new products, membership standards, disclosures, and other regulatory matters relevant to central counterparties that are systemically important financial market utilities.
- Participate in internal working and other governance groups to provide regulatory and general corporate governance advice; take notes to document working group proceedings as needed.
- Interpret and advise internal stakeholders on OCC’s By-Laws and Rules, and any policies and procedures promulgated thereunder; advise internal stakeholders on regulatory and legal matters related to federal securities and commodities laws promulgated by the SEC, CFTC, the Board of Governors of the Federal Reserve System, and the Financial Stability Oversight Council.
- Assist with management of relationships with internal and external stakeholders including senior management, Board of Directors, and regulators, including the SEC, the CFTC, and the Board of Governors of the Federal Reserve System, as necessary.
- Assist in ensuring business initiatives are in compliance with current and proposed regulatory requirements.
- Manage attorneys and/or paralegals on the team; conduct performance reviews and mentor and train attorneys and/or paralegals on the team.
- Assist with the supervision of, and work closely with, outside counsel, as appropriate.
- Perform other duties as required.
Supervisory Responsibilities:
There are direct reports in this role.
Qualifications:
The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.
- (Required) Ten years of practice in one or more of the following areas: domestic securities and commodity laws, regulations, and other regulatory guidance.
- (Required) Experience working with regulatory agencies or regulated financial institutions.
- (Preferred) General working knowledge of the clearance and settlement and risk management functions of a clearing organization.
- (Required) Ability to promptly produce high-quality, accurate, and detailed work product.
- (Required) Excellent analytical and problem-solving, interpersonal and communication, and collaboration skills.
- (Required) Capable of handling several substantial medium to high complexity matters with a significant degree of independence.
- (Required) Excellent writing skills.
- (Required) Ability to expeditiously identify and assess issues and provide legally sound recommendations consistent with good business practices and reason and to quickly shift priorities in response to changing and high-pressure business environment or priorities.
- (Required) An ability to communicate complex and technical issues to diverse audiences, orally and in writing, in an easily understood, authoritative, and actionable manner.
- (Required) Ability to cultivate and build collaborative working relationships with a broad range of enterprise stakeholders, both internal and external.
- (Required) Ability to manage, lead, train, and mentor other attorneys and/or paralegals; assist attorneys with setting performance goals; perform mid-year and annual performance reviews.
Technical Skills:
Education and/or Experience:
Certificates or Licenses:
- Admitted to the Bar in Illinois and currently authorized to practice law in Illinois.
About Us
The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at
What We Offer
A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:
- A hybrid work environment, up to 2 days per week of remote work
- Tuition Reimbursement to support your continued education
- Student Loan Repayment Assistance
- Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
- Generous PTO and Parental leave
- Competitive health benefits including medical, dental and vision
Benefits
A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:
- A hybrid work environment, up to 2 days per week of remote work
- Tuition Reimbursement to support your continued education
- Student Loan Repayment Assistance
- Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
- Generous PTO and Parental leave
- 401k Employer Match
- Competitive health benefits including medical, dental and vision
Visit for more information.
Compensation
- The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
- In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
- We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on
- All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.
Salary Range
$226,700.00 - $353,100.00
Incentive Range
28% to 35%
This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range ). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.
Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.
Step 2
You will receive an email notification to confirm that we've received your application.
Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.
For more information about OCC , please click here .
OCC is an Equal Opportunity Employer
What We Offer
About Us
OCC is an Equal Opportunity Employer
OCC is an equal opportunity employer that is committed to diversity, equity, and inclusion. OCC provides equal employment opportunities to all employees and applicants for employment without regard to race, color, national origin, citizenship status, sex, sexual orientation, gender identity or expression, disability, age, marital status, religion, veteran status, or any other characteristics protected by applicable federal, state, or local laws.
Numerous studies have shown that people from groups that are traditionally under-represented in financial services apply to jobs only if they believe they meet 100% of the requirements. We want to break down this mindset to further diversify our workforce.
We encourage you to review our open positions and apply if you think your experience may be a match, even if you do not meet all of the qualifications. Your perspective may be an element we need to continue building innovative solutions to support the markets and market participants we serve.
OCC is a globally recognized entity that clears a multitude of diverse and sophisticated products. We want to reflect this in the diversity of our workforce.
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