Job Description

Principal, Assistant General Counsel

Apply locations Chicago - 125 S Franklin time type Full time posted on Posted 4 Days Ago job requisition id REQ-3793

This position does not qualify 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.
• Identify and manage risks and propose solutions to mitigate risks with respect to transactions, technology, data, security, and operations.
• Administer certain policies and procedures for the commercial transactions team, including associated controls.
• Conduct legal research and provide analysis on various commercial legal issues.
• 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.
• Establish forms, templates, and contract processes to apply best practices, ensure accuracy, and identify gaps.
• Identify and apply best practices in the marketplace and collaborate with other transactional attorneys to identify and implement appropriate changes to existing practices.
• 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] 5-10 years of relevant commercial transactions experience at a law firm or corporate in-house position.
• [Preferred] In-house experience with IT transactions.
• [Required] Ability to structure complex technology relationships, 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] Capable of handling several high complexity matters with a significant degree of independence.
• [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 business environment or priorities.
• [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

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

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 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
• Competitive health benefits including medical, dental and vision

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

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