Job Description:

Role Overview

Cboe is seeking a Director, Assistant General Counsel to provide legal support to Cboe’s U.S. clearing business conducted by Cboe Clear U.S., LLC (CCUS), a derivatives clearing organization (DCO) regulated by the Commodity Futures Trading Commission (CFTC) which is also currently applying to be a Covered Clearing Agency regulated by the Securities and Exchange Commission (SEC). This role will support CCUS and its regulatory requirements and business as it relates to being registered with the SEC as a Covered Clearing Agency. As a regulated entity, CCUS operates in a highly regulated environment and compliance by CCUS with its legal and regulatory obligations is paramount in the conduct of its business. This position is in Chicago, Illinois.

Your responsibilities will be:

Perform a combination of the functions listed below. Particular day-to-day functions may vary among certain of the following functions depending upon priorities at that time.

• Draft CCUS rules and rule filings to the SEC to explain the purpose and basis of those rules.
• Draft and review CCUS user documentation, notices, website materials, policies and procedures, and other documents and materials relating to the operation and services of CCUS.
• Draft required CCUS submissions and reports to the SEC and other regulatory agencies.
• Provide legal support to Cboe staff, including providing guidance regarding CCUS rules and applicable law and regulation relating to the functions of CCUS, CCUS services, and CCUS business initiatives.
• Monitor for changes in legal requirements applicable to CCUS or that could have potential impact in relation to CCUS’s business.
• Provide legal support for functions relating to compliance with the requirements applicable to CCUS and CCUS services.
• Provide legal guidance relating to regulatory requests, exams, inspections, and/or similar matters involving CCUS.
• Draft comment letters and regulatory proposals to the SEC and other regulatory agencies, including regarding proposed regulations and proposed self-regulatory organization (SRO) rules.
• Conduct legal research related to the federal laws and regulations relating to clearing, futures, securities, and swaps and the rules of other SROs and provide analysis and recommendations based on that research.
• Handle a number of other legal matters, which could include, among other things, providing legal support related to CCUS obligations as a CFTC regulated DCO, Cboe’s futures business functions, and/or other Cboe product asset classes.
• Able to supervise, manage, and work with cross-functional teams, and support Company-wide initiatives.
• Assist with various legal projects across the Legal Division and perform other duties as assigned.
• Maintain high standards of legal and regulatory compliance and promote a culture of compliance, by among other things, helping ensure compliance with all legal and regulatory requirements of operating a Covered Clearing Agency.

The ideal candidate has

• Minimum of 8 years of experience as a practicing attorney, including 5-8 years with a focus on clearing, futures, options, securities, and/or other exchange traded derivative products. Previous employment at the CFTC or SEC, a clearing organization, a clearing firm, or a futures or securities exchange is desirable.
• Strong writing skills and the ability to express complex subject matter in an accurate, clear, and straightforward manner.
• Ability to develop strategic solutions to legal problems and communicate to business effectively.
• Ability to effectively communicate both orally and in writing and to effectively interact with internal and external contacts.
• Experience in drafting rule filings as well as a working knowledge of the futures, securities, and/or derivatives markets and of the broader financial markets is a plus.
• Strong attention to detail and the ability to articulate complex concepts with the level of detail that is necessary for various regulatory filings and other written communications.
• Expert knowledge in one or more of the following legal areas: clearing, futures, securities, and/or derivatives laws and regulations.
• Ability to work independently and to work cooperatively in group situations; offer assistance and support to co-workers; balance team and individual responsibilities; exhibit objectivity and openness to others’ views; give and welcome feedback.
• Ability to organize and prioritize work assignments; strong time management experience and skills; and ability to complete multiple tasks simultaneously with accuracy and quality, to adjust to changes in priorities and situations, and to meet deadlines.
• Bachelor’s Degree and Juris Doctorate.
• Licensed to practice law.
• Computer proficiency in Microsoft Office Suite applications including Word, PowerPoint, Excel, and Outlook, as well as document management and other office technologies.

 

This position is not eligible for visa sponsorship. Candidates must be legally authorized to work in the United States without the need for employer sponsorship now or in the future.

 

 

Salary Ranges (applicable for US locations only)

At Cboe, we are committed to providing a competitive, transparent, and market‑informed total rewards program. The anticipated base salary range for this role is $-$, with actual compensation determined by job‑related factors such as skills, relevant experience, education, internal alignment, and location.

 

 

This role may also be eligible for annual incentive compensation and, where applicable, participation in Cboe's long-term equity programs.

Additional information about Cboe's total rewards program, including benefits and other compensation components, can be found here: Total Rewards at CBOE.​
 

 

Any communication from Cboe regarding this position will only come from a Cboe recruiter who has a @cboe.com email or via LinkedIn Recruiter. Cboe does not use any other third party communication tools for recruiting purposes.