OCC
We clear and settle trades for the options industry.
Chicago, IL

Executive Principal, Associate General Counsel at OCC

| Chicago
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COVID-19

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

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.

  • 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.

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Where we are

Adjacent to the Willis Tower, close to CTA, Metra and expressways with plenty of food and entertainment options nearby.

Technology we use

  • Engineering
    • .NETLanguages
    • AWS (Amazon Web Services)Languages
    • C#Languages
    • C++Languages
    • JavaLanguages
    • JavascriptLanguages
    • PerlLanguages
    • PythonLanguages
    • RLanguages
    • RubyLanguages
    • ScalaLanguages
    • SqlLanguages
    • SwiftLanguages
    • ReactLibraries
    • AngularJSFrameworks
    • Ruby on RailsFrameworks
    • SpringFrameworks
    • Microsoft SQL ServerDatabases
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What are OCC Perks + Benefits

OCC Benefits Overview

Educational Assistance and Student Debt Forgiveness, 12-week paid parental leave, technology stipend up to $2,000, mobile data reimbursement of $35 per month. Open offices, online health coaching.

Culture
Volunteer in local community
Each year, OCC employees select a locally-based charitable organization for each of our three offices (Chicago, Dallas and Washington, D.C.). We offer multiple opportunities to get involved.
Partners with Nonprofits
OCC Partners with local organizations in Dallas, Chicago and DC to raise funds and support their missions. Employees select the charity and are eligible for up to 8 hours of paid time to volunteer.
Friends outside of work
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
401(K) Matching
OCC provides employees with a 401(k) matching plan managed by Fidelity. We match 50% of contributions up to 6% of an employee's annual gross pay.
Performance Bonus
Match charitable contributions
Child Care & Parental Leave Benefits
Flexible Work Schedule
OCC provides employees with a flexible work schedule that includes Flexible start and end times.
Vacation & Time Off Benefits
Generous PTO
OCC employees receive between 22 and 32 days per year of paid time off based on years of service.
Paid Volunteer Time
Sabbatical
Eligible employees get 30 days of paid sabbatical after their first 10 years of working at the company.
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
OCC Offers pre-tax commuter benefits for employees in Chicago and Washington, D.C.
Happy Hours
Relocation Assistance
OCC offers relocation assistance which varies based on the position level and location.
Professional Development Benefits
Job Training & Conferences
OCC offers employees professional development opportunities including onsite training courses and the ability to attend job related certification courses, conferences and seminars.
Tuition Reimbursement
Our tuition reimbursement plan offers an annual max of $1000.
Lunch and learns
OCC hosts leadership lunches on a regular basis so you can learn about your colleagues and their unique backgrounds.
Cross functional training encouraged
Promote from within
Online course subscriptions available
Customized development tracks
Paid industry certifications
Employees are strongly encouraged to stay current in relevant technologies and supports certification programs.

Additional Perks + Benefits

We were just recognized as a best place to work for working parents! Take a look at our blog post here: https://www.theocc.com/Newsroom/Views/2021/04-26-OCC-Designated-as-Best…

An Insider's view of OCC

What are some social events your company does?

Monthly happy hours and cultural celebrations to honor our diverse workforce.

Andre

Executive Director, Talent Acquisition

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