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Principal, Assistant General Counsel

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 Principal, Assistant General Counsel, will provide legal counsel to internal business clients on both routine and complex matters regarding legal risk and specifically collaborating with internal clients to structure transactions, drafting language and agreements to address new offerings and strategic relationships, and negotiate transactions that meet OCC’s business objectives.

Primary Duties and Responsibilities:

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

  • Draft, review and negotiate a wide range of technology-related agreements, including Software as a Service (SaaS), managed services, complex software licenses, vendor and other agreements.
  • Identify and manage risks and propose solutions to mitigate risks with respect to transactions, information security, privacy, operations and litigation.
  • The position will also support certain functional and inter-departmental legal matters, as assigned by Associate General Counsel.
  • Work closely with, outside counsel, as appropriate.
  • Perform other duties as required.

Supervisory Responsibilities:

  • N/A

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.

  • [Required] 5+ years of transaction-based legal experience at a law firm and/or in-house legal department with a focus on technology transactions.
  • [Required] Prior experience with Software as a Service (SaaS), managed services and software license delivery models.
  • [Required] Competency in structuring technology relationships and agreements with attention to detail and strong drafting skills.
  • [Required] Effective negotiator with strong business acumen and ability to serve as a business advisor.
  • [Required] Ability to collaborate across teams and functions, work independently and efficiently, manage multiple projects simultaneously under time pressure and consistently meet deadlines with high quality work product.
  • [Required] An ability to communicate complex and technical issues to diverse audiences, orally and in writing, to diverse audiences in an easily understood, authoritative, and actionable manner.
  • [Required] Ability to expeditiously identify and assess issues and provide legally sound recommendations consistent with good business practices and reason and to quickly shift priorities in response to changing and high-pressure business environment or priorities.
  • [Required] J.D. from accredited law school and licensed or qualified to practice law in the United States.
  • [Preferred] Experience working with regulatory agencies or regulated financial institutions.
  • [Preferred] Prior experience drafting, reviewing, and negotiating data protection and privacy-related agreements, including business associate agreements and data processing agreements.

Technical Skills:

  • N/A

Education and/or Experience:

  • [Required] J.D. from accredited law school and licensed or qualified to practice law in the United States.

Certificates or Licenses:

  • Licensed or qualified to practice law in the United States

Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.  

Step 2
You will receive an email notification to confirm that we've received your application.

Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location. 

For more information about OCC, please click here.

OCC is an Equal Opportunity Employer

Apply About OCC
  • REQ-2863
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Aug. 25, 2022

How to Apply

Step 1 - When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.

Step 2 - You will receive an email notification to confirm that we've received your application.

Step 3 - If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.

OCC is an Equal Opportunity Employer

Numerous studies have shown that people from groups that are traditionally under-represented in financial services apply to jobs only if they believe they meet 100% of the requirements. We want to break down this mindset to further diversify our workforce.

We encourage you to review our open positions and apply if you think your experience may be a match, even if you do not meet all of the qualifications. Your perspective may be an element we need to continue building innovative solutions to support the markets and market participants we serve.

OCC is a globally recognized entity that clears a multitude of diverse and sophisticated products. We want to reflect this in the diversity of our workforce.

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