VP Associate General Counsel

| Chicago

Summary:

Provide legal advice on both routine and complex matters to internal clients in order to manage legal risks faced by the Corporation relating to clearance and settlement operations. Advise internal clients on specific regulations applicable to OCC. Work with personnel from the business units to articulate nature of changes to the Corporation’s By-Laws and Rules to the regulators. Serve as Corporation liaison to the regulators.

Primary Duties and Responsibilities: 

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

• Prepare rule filings and notices to the regulators, including but not necessarily limited to: rule filings with both the SEC and the CFTC, advance notices with the SEC and the Board of Governors of the Federal Reserve, and event-driven notices with the SEC. Focus on fundamental processes of the company, including an emphasis on financial risk management, enterprise risk management, and securities lending rule filings and notices. 

• Be familiar with financial risk management processes at central counterparties, including general familiarity with processes to establish financial resources available in the event of a member default, default management processes, and credit risk management processes.

• Be familiar with and advise internal clients on specific regulations applicable to OCC and/or its clearing members, including but not limited 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, with a emphasis on the enterprise and financial risk management processes therein.

• Be familiar with and advise internal clients on specific international principles applicable to OCC and/or its clearing members, including but not limited to those issued by CPMI-IOSCO and the Financial Stability Board, with a particular emphasis on the financial risk management principles therein.

• Advise internal clients on corporate policies and procedures, including but not limited to all legal department processes and procedures and all enterprise and financial risk management processes and procedures.

• Draft and provide advice regarding policies, procedures, memoranda and business communications relative to the foregoing and other areas on an as needed basis.

• Interpret and advise internal clients on OCC’s By-Laws and Rules, and any policies and procedures promulgated thereunder.

• Assist in preparation of business colleagues for regulator examinations, attend regulator examinations, and conduct follow-up with regulators post-examination.

• Interface with outside counsel, as needed, with respect to matters described above.

• Perform other duties as assigned.

Supervisory Responsibilities:

• None

Qualifications: 

The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. • Prior experience in securities and commodity laws and regulations. Prior experience in banking law and banking regulations and prior experience with securities lending market preferred.

• Prior experience working with regulatory agencies and familiarity with regulations under Dodd-Frank and other applicable financial regulations preferred. 

• General knowledge of clearance and settlement and the enterprise and financial risk management issues facing clearing organizations.

• 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.

• Excellent analytical, written and oral communication, and problem-solving skills.

• Ability to work collaboratively, including through effective communication, with internal clients from different departments, including risk departments, at various levels of seniority.

• Ability to promptly produce high-quality, accurate, and detailed work product.

Technical Skills: 

• Proficiency with Microsoft Office software

Education and/or Experience:

• Juris doctorate or equivalent degree from a U.S. accredited law school.

• 10-15 years of related experience either at a law firm, in-house or at a regulatory agency.

• Degree from an accredited college or university.

Certificates or Licenses:  

• Member in good standing with license to practice law in jurisdiction acceptable to the General Counsel.


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Technology we use

  • Engineering
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    • JavaLanguages
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    • PerlLanguages
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Location

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

An Insider's view of OCC

What are some social events your company does?

Monthly happy hours, summer and winter outings and cultural celebrations to honor our diverse workforce.

Yemi

Director, Diversity and Inclusion

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.
Friends outside of work
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Someone's primary function is managing the company’s diversity and inclusion initiatives
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
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
Our employees receive 8 hours per year of paid volunteer time.
Sabbatical
Eligible employees get 30 days of paid sabbatical after their first 10 years of working at the company.
Paid Holidays
Perks & Discounts
Commuter Benefits
OCC Offers pre-tax commuter benefits for employees in Chicago and Washington, D.C.
Happy Hours
Happy hours are hosted Once per month.
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.
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