Sr Dir Asst Gen Counsel -- Clearing

Job Description Summary 19091
Senior Director and Associate General Counsel

The Senior Director & Associate General Counsel will provide specialized in-house legal support to CME Group’s Clearing House and to the company as a whole with respect to the application of existing regulatory requirements and new regulatory developments applicable to the Clearing House and clearing members.  The incumbent will work closely with the Clearing House leadership and will provide legal and regulatory guidance and requires direct experience in supporting regulated clearinghouses or intermediaries with respect to clearing regulatory issues. The incumbent also has the ability to work independently as well as the ability to manage and work with cross-functional teams.

The attorney will provide primary support relating to all legal and regulatory aspects related to Clearing House’s risk management practices, including default management and recovery and resolution efforts.  The attorney will also support new initiatives for clearing from a regulatory standpoint, including new models or agreements for protection of customer funds, assisting in new product design and implementation, new collateral programs, and clearing services agreements with other exchanges or execution platforms.  The attorney will assist with banking arrangements and agreements supporting the Clearing House, such as liquidity facilities, settlement and custody agreements, and special collateral programs and related agreements, including CME’s IEF programs.

The attorney will monitor new regulatory developments, both domestic and international, that directly or indirectly impact clearing and work with Clearing House staff and other personnel to evaluate impacts and develop CME’s strategy and responses, including drafting comment letters, where appropriate, and working with appropriate industry groups and regulators to promote effective regulatory policies.
  
The attorney will work with the Clearing House to ensure that CME rules (including the Rulebook, Clearing House Manuals and Clearing & FRS bulletins) properly apply clearing regulatory requirements, implement best practices for clearing and meet the needs of the Clearing House, the Financial and Regulatory Surveillance Department and CME Group generally. The attorney is also responsible for drafting rules and related rule submissions, facilitating internal corporate review and approval, submission of rules to external regulators and interaction with regulators during the review process.

Minimum requirements: 
J.D. from an accredited law school
Active license to practice law in Illinois
10+ years relevant experience US derivatives and securities laws, rules and regulations
Experience negotiating banking and custody agreements for a regulated entity
Experience working with regulatory agencies and self-regulatory organizations
Capable of independently handling multiple complex matters.
 

CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay range for this role is $172,300-$287,100. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.

CME Group: Where Futures are Made

CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more.

At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.

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