Lead Associate Principal, Counsel - Commercial (Contracts)

PLEASE NOTE: THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP

What You'll Do:

This role will provide legal counsel to internal business clients on both routine and complex matters regarding legal risk and specifically commercial, technology and transactional matters.

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 commercial contracts and agreements, with an emphasis on technology-related agreements, such as agreements to procure software as a service, software licenses, and professional services.

• Administer certain policies and procedures for the commercial transactions team, including associated controls.

• Assist with OCC’s confidentiality program, including negotiating non-disclosure agreements.

• Conduct legal research and provide analysis on various commercial legal issues.

• Assist senior attorneys on the commercial legal team with ongoing research, projects, and counseling.

• Collaborate with internal stakeholders across different departments, such as strategic sourcing, IT, third-party risk management, and security, to address legal matters affecting the business.

• Perform other duties as required.

Supervisory Responsibilities:

• None

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 relevant commercial transactions experience at a law firm or corporate in-house position. 

• [Preferred] In-house experience with IT transactions, including drafting, reviewing, and negotiating agreements for software as a service (SaaS), professional services, and software licenses.

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

• [Required] Excellent analytical and problem-solving, interpersonal, communication, and collaboration skills, including strong writing skills.

• [Required] Ability to expeditiously identify and assess issues and escalate to senior attorneys on the Legal team as appropriate.

• [Preferred] Familiarity with securities and commodity laws and regulations and experience working with regulatory agencies or regulated financial institutions.

• [Preferred] General working knowledge of the clearance and settlement and risk management functions of a clearing organization.

Technical Skills:

• [Required] Microsoft Office (Excel, Word)

Education and/or Experience:

• [Required] Juris Doctor or equivalent degree from a law school accredited by the American Bar Association

• [Required] Bachelor's degree from accredited college or university

Certificates or Licenses:

• [Required] Admitted to practice law in Illinois

About Us

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.

Benefits

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 2 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
• 401k Employer Match
• Competitive health benefits including medical, dental and vision

Visit https://www.theocc.com/careers/thriving-together for more information.

Compensation

• The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
• In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
• We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
• All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.

Salary Range

$123,300.00 - $183,500.00

Incentive Range

8% to 15%

This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.

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