The Principal, Assistant General Counsel will prepare internal clients for regulatory examinations and investigations, provide legal advice on both routine and complex matters to internal clients regarding regulatory examinations and investigations and other litigation in order to manage legal risks faced by the Corporation. Advise internal clients on specific regulations applicable to OCC, primarily in the context of a regulatory examination or investigation.
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 adequacy, consistency (across reporting and with respect to prior reports), accuracy, user-friendliness, and overall quality.
• Prepare subject matter experts who will present during the regulatory examination or investigation for questions from regulators; help strategize with respect to presentations during the 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.
• Prepare briefing memos for the Board of Directors on examination findings and OCC’s responses thereto.
• Review corporate documents, including confidential materials and those reviewed by the OCC Board of Directors, for privileged information prior to submission to regulators or other third parties; prepare privilege logs.
• Assist with the management of clearing member rule violations and statutory disqualifications.
• Advise internal clients on litigation, potential litigation, and other disputes involving OCC.
• 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.
• Issue and manage legal holds.
• Interpret and advise internal clients on OCC’s By-Laws and Rules, and any policies and procedures promulgated thereunder.
• As needed, provide legal advice on both routine and complex matters related to current and prospective regulations to internal clients 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.
• 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, and the Financial Stability Oversight Council.
• 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.
• Perform other duties as required.
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 and familiarity with regulations under Dodd-Frank and other applicable financial regulations preferred.
• Significant litigation or regulatory examination experience.
• Significant e-discovery experience.
• 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 management and organizations skills.
• 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)
Education and/or Experience:
• Juris doctorate or equivalent degree from a U.S. accredited law school.
• Prefer at least 5 years of related experience either at a law firm, in-house, or at a regulatory agency.
• Degree from an accredited college or university.
• Admitted to the bar in Illinois
Certificates or Licenses:
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OCC is an Equal Opportunity Employer