OCC
We clear and settle trades for the options industry.
Chicago, IL, USA
Hybrid

Principal, Assistant General Counsel (Employment/Benefits)

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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 employment and employee benefits matters.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

  • Provide legal and regulatory support to business partners on a broad range of employment and employee benefits matters, including routine legal matters, significant transactions, and project-based corporate initiatives.
  • Act as subject matter expert for the legal function by providing specialized legal and regulatory advice to internal clients on a variety of matters, with an emphasis in the areas of employee relations, benefit and compensation programs, accommodation and leave requests, and diversity, equity and inclusion initiatives.
  • Counsel Human Resources on a variety of employment matters spanning the entire employee lifecycle from talent acquisition and onboarding through separation, as well as providing guidance on applicable policies and procedures and other HR initiatives.
  • Serve as main point of contact for the provision of legal services to the Total Rewards team and advise on the Corporation's employee benefit plans, including qualified and non-qualified retirement plans, welfare benefit plans, and cafeteria plans, and its compensation programs and pay practices.
  • Serve as an advisor to the Corporation's Administrative Committee.
  • Advise internal clients on regulatory and legal matters related to employment and employee benefits laws, such as Title VII and other discrimination laws, ADEA, ADA, equal pay laws, FLSA and other wage and hour laws, FMLA and paid leave laws, the Affordable Care Act, ERISA, and HIPAA.
  • Analyze and advise on employment laws in various U.S. jurisdictions where OCC may recruit or employ individuals.
  • Monitor proposed legislation, and ensure the Corporation is apprised of legal developments in matters concerning employment/employee benefits.
  • Lead investigations related to alleged violations of the Corporation's policies governing employee conduct.
  • Conduct risk assessments of complaints and develop legally sound strategies for the Corporation's defense of potential legal actions.
  • Manage employment-related potential/threatened litigation.
  • Draft, review and negotiate contracts related to employment, benefits or other HR initiatives.
  • Assist in supervision of, and work closely with, outside counsel, as appropriate
  • Assist in ensuring business initiatives are in compliance with current and proposed regulatory requirements.
  • 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] Substantial experience in one or more of the following areas: employment law and employee benefits laws.
  • [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] 5-10 years of relevant employment and/or benefits experience at a law firm or corporate in-house position
  • [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
  • [Required] Admitted to practice law in Illinois


Certificates or Licenses:

  • None required


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 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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What are OCC Perks + Benefits

OCC Benefits Overview

Educational Assistance and Student Debt Forgiveness, 12-week paid parental leave, technology stipend up to $2,000, mobile data reimbursement of $35 per month. Open offices, online health coaching.

Culture
Volunteer in local community
Each year, OCC employees select a locally-based charitable organization for each of our three offices (Chicago, Dallas and Washington, D.C.). We offer multiple opportunities to get involved.
Partners with nonprofits
OCC Partners with local organizations in Dallas, Chicago and DC to raise funds and support their missions. Employees select the charity and are eligible for up to 8 hours of paid time to volunteer.
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Employee resource groups
Employee-led culture committees
Hybrid work model
In-person all-hands meetings
Flexible work schedule
OCC provides employees with a flexible work schedule that includes Flexible start and end times.
Remote work program
2 days per week work from home program
Diversity
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Diversity employee resource groups
Hiring practices that promote diversity
Diversity recruitment program
Health Insurance + Wellness
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Wellness programs
Mental health benefits
Financial & Retirement
401(K)
401(K) matching
OCC provides employees with a 401(k) matching plan managed by Fidelity. We match 50% of contributions up to 6% of an employee's annual gross pay.
Performance bonus
Charitable contribution matching
Child Care & Parental Leave
Generous parental leave
12-week paid parental leave
Adoption Assistance
Vacation + Time Off
Generous PTO
OCC employees receive between 22 and 32 days per year of paid time off based on years of service.
Paid volunteer time
Sabbatical
Eligible employees get 30 days of paid sabbatical after their first 10 years of working at the company.
Paid holidays
Paid sick days
Bereavement leave benefits
Office Perks
Commuter benefits
OCC Offers pre-tax commuter benefits for employees in Chicago and Washington, D.C.
Company-sponsored happy hours
Relocation assistance
OCC offers relocation assistance which varies based on the position level and location.
Home-office stipend for remote employees
Mother's room
Professional Development
Job training & conferences
OCC offers employees professional development opportunities including onsite training courses and the ability to attend job related certification courses, conferences and seminars.
Tuition reimbursement
Our tuition reimbursement plan offers an annual max of $1000.
Lunch and learns
OCC hosts leadership lunches on a regular basis so you can learn about your colleagues and their unique backgrounds.
Promote from within
Online course subscriptions available
Customized development tracks
Paid industry certifications
Employees are strongly encouraged to stay current in relevant technologies and supports certification programs.

Additional Perks + Benefits

We were just recognized as a best place to work for working parents! Take a look at our blog post here: https://www.theocc.com/Newsroom/Views/2021/04-26-OCC-Designated-as-Best…

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