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

Principal, Assistant General Counsel - - Regulatory Technology Exam Management and Litigation at OCC (Chicago, IL)

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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.

The Principal, Assistant General Counsel, will provide legal counsel to internal business clients on both routine and complex matters regarding regulatory examinations, investigations, and litigation, with a special emphasis on information technology, information security, and information governance.

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

Primary Duties and Responsibilities

To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

  • Assist with Legal department role in overseeing regulatory examination process, including but not limited to review of responses to document requests, participation in onsite examination sessions, and drafting of responses to preliminary and final examination findings.
  • Review documents prepared in conjunction with regulatory examinations to help ensure accuracy, consistency, and overall quality.
  • Prepare subject matter experts who will present during regulatory examinations or investigations; help strategize with respect to presentations during examination or investigation generally. 
  • Assist with management of relationship with regulators, primarily in the examination and investigation context, including the SEC, the CFTC, and the Board of Governors of the Federal Reserve System.
  • Act as subject matter expert for the legal function by providing specialized legal and regulatory advice to internal clients on a variety of matters, with an emphasis in the areas of information technology, security, and governance; data loss prevention; and records management.
  • Support regulatory inspections of OCC’s technology and security systems and practices, including SEC Technology Controls Program and CFTC Systems Safeguards examinations.
  • Be familiar with and advise internal clients on specific regulations applicable to OCC and/or its clearing members, including but not limited to federal securities and commodities laws promulgated by the SEC, CFTC, the Board of Governors of the Federal Reserve System, including the SEC's Regulation Systems Compliance and Integrity (Reg. SCI) and the CFTC's Systems Safeguards, and any legal developments in matters concerning information security and governance, privacy, and business continuity.
  • Advise internal clients on litigation, potential litigation, and other disputes involving OCC.
  • Manage implementation of legal holds.
  • Respond to routine third party subpoenas and document requests from regulators.
  • Assist in supervision of, and work closely with, outside counsel to manage litigation portfolio and significant third-party subpoenas and document requests from regulators.
  • As needed, provide legal advice to internal clients on both routine and complex matters related to current and prospective regulations in order to manage legal risks faced by the Corporation relating to regulatory developments.
  • Assist in ensuring business initiatives are in compliance with current and proposed regulatory requirements.
  • Perform other duties as required.

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.

  • Experience in securities and commodity laws and regulations.
  • Experience working with regulatory agencies or regulated financial institutions.
  • Experience with litigation or regulatory examinations.
  • Experience in one or more of the following areas: information technology, information security, cyber-security, or information governance.
  • Familiarity with laws, rules, regulations, and industry standards concerning one or more of the above-mentioned practice areas, including but not limited to knowledge of Regulation SCI.
  • General working knowledge of the clearance and settlement and risk management functions of a clearing organization preferred.
  • Understanding of and familiarity with best practices with respect to corporate governance of systemically important financial market utilities preferred.
  • Excellent analytical and problem-solving skills.
  • Excellent interpersonal and communication 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 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.
  • 5-7 years of related experience either at a law firm, in-house, or at a regulatory agency.
  • Bachelor’s degree from accredited college or university.
  • Juris Doctor or equivalent degree from a law school accredited by the American Bar Association.
  • 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
    • C#Languages
    • C++Languages
    • JavaLanguages
    • JavascriptLanguages
    • PerlLanguages
    • PythonLanguages
    • RLanguages
    • RubyLanguages
    • ScalaLanguages
    • SqlLanguages
    • SwiftLanguages
    • ReactLibraries
    • AngularJSFrameworks
    • Ruby on RailsFrameworks
    • SpringFrameworks
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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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