Executive Principal, Associate General Counsel at OCC
All OCC employees are required to disclose their COVID-19 vaccination status to OCC’s Human Resources department, and provide acceptable proof of vaccination status, as applicable. In addition, OCC requires employees who enter one of its offices to be fully vaccinated against COVID-19 or submit to regular testing as a condition of employment, subject to reasonable accommodation.
Who We Are
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 www.theocc.com.
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 3 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
What You'll Do
The Executive Principal, Associate General Counsel will advise internal clients on regulatory reporting and responses to regulator requests, including in the examination process, and serve as the central point of contact with staff from regulatory agencies on exam and other regulatory reporting matters, as appropriate.
Primary Duties and Responsibilities:
- Assist with management of relationship with regulators from the SEC, the CFTC, and the Board of Governors of the Federal Reserve System.
- Develop, maintain, and manage regulatory reporting processes, including coordination and submission of recurring and ad-hoc regulatory reporting responses to requests.
- Facilitate planning and coordination of recurring and ad-hoc meetings with regulators (monitoring and special topic).
- Lead internal meetings with control functions and business unit personnel to respond to regulator requests and prepare for regulatory examinations.
- Provide project and logistical management of regulatory meetings (in conjunction with relevant subject matter experts).
- Be familiar with and advise internal clients on compliance with specific regulations applicable to OCC, including the SEC’s Covered Clearing Agency Standards, the SEC’s Regulation Systems Compliance and Integrity (Reg. SCI) and the CFTC’s Systems Safeguards, and any legal developments in matters concerning the Corporation.
- Prepare internal clients for on-site portions of regulatory exams.
- Monitor proposed regulations and ensure the organization is apprised of regulatory changes and developments in matters concerning OCC, facilitate Regulatory Review Team process, and prepare Regulatory Update.
- Coordinate regulatory filing protocols, contact information, and update relevant internal documents.
- Maintain Reporting Inventory and annual Docket.
- Identify and communicate key themes and updates from regulator interactions across different levels of the organization.
- Review, draft, and provide advice regarding policies, procedures, and business communications. relative to the regulatory change processes on an as needed basis.
- In coordination with support staff, oversee management of regulatory meeting logistics, including system access and secure data transmission protocols.
- Ensure the policy, procedures, and practices of the Regulatory Relationship process comply fully with all legal and regulatory requirements and codes of practice/conduct.
- Ensure that effective risk management processes are established within the Regulatory Relationship process in accordance with OCC’s risk appetite and risk and control framework.
- Interface with outside counsel, as needed, with respect to matters described above.
- Perform other duties as requested
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.
- Prior experience in securities and commodity laws and regulations.
- Prior experience working with regulatory agencies and familiarity with regulations under Dodd-Frank, SEC Regulation SCI and other applicable financial regulations preferred.
- Prior experience in litigation matters involving financial regulatory agencies preferred.
- Excellent organizational, analytical and problem-solving skills.
- Ability to manage medium to high complexity matters with a significant degree of independence.
- Ability to expeditiously identify and assess issues and provide legally sound recommendations consistent with good business practices and reason.
- Excellent interpersonal and communication skills.
- Excellent writing skills.
- Detail-oriented, flexible, and creative.
- Well-organized and capable of handling several substantial assignments at the same time.
- Self-starter with ability to work independently as well as on a team and to quickly shift priorities in response to changing business environment or priorities.
- Ability to work collaboratively, including through effective communication, with internal clients from different departments at various levels of seniority.
- Ability to promptly produce high-quality, accurate, and detailed work product.
- Microsoft Office (Excel, Word).
- 8-10 years of relevant experience at a law firm or corporate in-house position.
- Juris Doctor or equivalent degree from a law school accredited by the American Bar Association.
- Bachelor’s degree from accredited college or university.
- Admitted to practice law in Illinois.