Associate, Paralegal

The Options Clearing Corporation; Chicago (IL); Hybrid; USD 63,000 - 88,000; Full time

Benefits offered by this job

Hybrid work environment (up to 2 days)

Tuition Reimbursement

Student Loan Repayment Assistance

Technology Stipend

Generous PTO and Parental leave

401k Employer Match

Competitive health benefits

Job summary

The Options Clearing Corporation in Chicago is seeking a detail-oriented legal support professional to assist the Legal department with regulatory filings, document management, and internal controls. You will draft memoranda, track progress on filings, liaise with internal stakeholders and outside counsel, and help maintain corporate records in a fast-paced environment.

A paralegal certificate and prior in-house or law firm experience are preferred; hybrid work options and competitive benefits

Qualifications

• Degree or equivalent professional training in a related field.
• Experience in an in-house legal department or law firm preferred.
• Ability to manage sensitive information with discretion.

Responsibilities

• Draft and assist in the preparation of legal memoranda, rule filings and exhibits and other legal documents, policies, and procedures
• Attend internal governance meetings and draft notes, including complex and technical subjects
• Prepare and track regulatory filings or projects for stakeholders
• Communicate status of filings and updates with internal teams
• Manage confidentiality requests, including FOIA requests, to regulators
• Follow department policies, procedures, and controls and keep records updated
• Interface with outside counsel as needed
• Perform legal internet research as requested
• Maintain electronic corporate files, databases, and directories
• Track compliance with internal departmental requirements
• Assist with maintaining Legal department records per retention schedules
• Assist with other projects as needed
• Perform other duties as assigned

Skills

Organizational skills

Communication

Analytical skills

Privacy & confidentiality

Team collaboration

Ability to multitask

Education

Degree from an accredited college or university

In-house legal dept or law firm experience

Tools

Microsoft Office

SharePoint

JIRA

Claude or AI tools

Job description

THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP

To be considered for this position, applications and resumes are accepted only through our careers site by directly applying to the posted job. We do not accept unsolicited resumes or sales solicitations from staffing agencies. Any OCC employee wishing to submit a referral must do so through their Workday account. Any resume submitted outside of an active job posting will not be considered for employment.

What You'll Do

This role will work closely with Legal department management, attorneys and other legal professionals to assist with the administrative functions necessary to ensure the processes associated with legal risk and complying with regulatory requirements are managed appropriately.

Primary Duties and Responsibilities

• Draft and assist in the preparation of legal memoranda, rule filings and exhibits and other legal documents, policies, and procedures
• Attend company internal governance group meetings and draft notes for same, often regarding complex and technical subject matter
• Prepare, maintain and share with appropriate stakeholders documents that track progress on several different regulatory filings or projects
• Effectively communicate the status of regulatory filings and other related updates with internal stakeholders
• Manage and submit confidentiality requests, including FOIA requests, to regulators
• Understand, manage, and follow department policies, procedures, and controls, as well as track the updating of same
• Interface with outside counsel, as needed, with respect to matters described above
• Perform internet and legal research as requested
• Update and maintain electronic corporate files, databases, email, web-based materials and directories
• Track and ensure compliance with internal departmental requirements
• Assist in the maintenance of Legal department records in accordance with company records retention schedule and applicable regulatory requirements
• Assist with other projects as needed
• Perform other duties as assigned

Qualifications

• Well-organized and capable of handling several substantial assignments at the same time
• Self-starter with ability to work independently as well as on a team and to quickly shift priorities in response to changing business environment or priorities
• Excellent analytical, written and oral communication, and problem-solving skills
• Ability to work collaboratively, including through effective communication, with internal clients from different departments
• Ability to promptly produce high-quality, accurate, and detailed work product, often regarding complex and technical subject matters
• Ability to work in a capacity with strict privacy and confidentiality requirements

Technical Skills

• Proficiency with Microsoft Office software (Excel, Word, PowerPoint)
• Experience with Sharepoint, JIRA, and project management
• Experience with Claude, or other AI tools

Education and/or Experience

• Degree from an accredited college or university
• In-house legal department or law firm experience

Certificates or Licenses

• Paralegal certificate

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 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

Compensation

• Salary Range $63,200.00 - $87,900.00
• Incentive Range 6% to 10% (annual discretionary incentive compensation award)

OCC is an Equal Opportunity Employer. OCC is an equal opportunity employer that is committed to diversity, equity, and inclusion. OCC provides equal employment opportunities to all employees and applicants for employment without regard to race, color, national origin, citizenship status, sex, sexual orientation, gender identity or expression, disability, age, marital status, religion, veteran status or any other characteristics protected by applicable federal, state, or local laws. We encourage everyone to review our open positions and apply if you think your experience may be a match, even if you do not meet all of the qualifications.