Staff Attorney - Clearing

The Staff Attorney provides legal and regulatory guidance to CME Securities Clearing (CMESC) and CME Clearing. The attorney will report directly to CMESC's Head of Legal and is expected to play a lead role in managing the regulatory aspects of securities clearing initiatives. The attorney will also work on matters for CME Clearing, gaining broad exposure to the legal and regulatory aspects of the CME Group's clearing business.
Principal Accountabilities:

For CMESC generally:

• Drafting template agreements for participants (e.g., MRAs, transaction submission agreements, connection agreements, service agreements, required attestations)

• Drafting template agreements for CMESC service providers (e.g., connection agreements, service and vendor agreements, agreements, custody and settlement banking agreements, clearing bank agreements)

• Implementing and supporting CMESC’s governance framework  

• Advising the clearing house on creation of policies for risk, ops, settlement, default management and other core areas throughout the design and implementation phases  

• Drafting and submitting rule filings under guidance of senior attorneys

For CME Clearing generally: 

• Advising the clearing house on planned initiatives (e.g., CMESC/CME cross-margining, agency omnibus clearing, expanding FICC/CME cross margin, tokenized collateral)

• Support and implement 24/7 clearing of futures and options

• Creation of an OCC regulated trust company to offer stablecoin Day-to-day rule filings 

• Support for Title VIII exam

• Review of new rules and drafting of comment letters

• Review of credit facility documents in renewal

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 $98,500-$164,100. 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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