Regional Counsel

Morningstar Credit Ratings, LLC; Chicago (IL); Hybrid; USD 148,000 - 226,000; Full time

Benefits offered by this job

401k matching

Life insurance

Health benefits

Wellness incentives

Sabbatical program

Parental leave

Volunteer program

Tuition reimbursement

Job summary

Morningstar, Inc. seeks a specialist for the Global Regulatory Strategy and Advisory Team, Legal. The role focuses on regulatory issues affecting Morningstar’s North America operations, advising reactively or proactively, and reporting to the Senior Regional Counsel, North America.

Strong drafting and negotiation with regulators are essential. The position requires a law degree, bar admission in NY/IL, 5+ years in financial services or securities law, and AI proficiency.

Qualifications

• Law degree and admitted to practice in NY or IL, or other US state
• At least 5 years of financial services or securities law experience in a North American jurisdiction
• Structured finance transactional experience or securities/regulatory experience is required
• Proficiency with artificial intelligence is required

Responsibilities

• Advise on regulatory strategy and risk for AI and new business lines
• Advise Compliance on regulatory responsibilities and consult with external parties
• Serve as a contact and negotiator with regulators and government agencies
• Advise on strategy for defending and settling regulatory actions involving Morningstar’s regulated businesses
• Assist with examinations, registrations, and regulatory submissions as needed
• Advise on internal investigations and policy development for regulatory requirements
• Stay current on regulatory changes impacting Morningstar’s businesses

Skills

Regulatory strategy

Communication skills

Drafting ability

Interpersonal skills

Education

Juris Doctor (JD)

Job description

The Group

The Legal and Compliance team consists of lawyers, compliance specialists and other professionals across the globe who bring to the team various kinds of expertise. On the legal side, we have commercial, regulatory, M&A, regulatory compliance, corporate governance, privacy and employment expertise in-house as well as broad-based international legal experience to support the company’s 12,000+ employees working in wholly owned subsidiaries in 32 countries. The Compliance team has expertise in overseeing the compliance processes and practices of regulated credit ratings, investment management, investment research and benchmark administration businesses. The Legal Department coordinates and oversees Morningstar’s use of external counsel around the world.

The Role

Morningstar, Inc., a leading global provider of independent investment research, is looking for a specialist in the Global Regulatory Strategy and Advisory Team, Legal. The role will be a legal resource on identifying regulatory issues that do or may affect Morningstar’s North American operations and advising on how to reactively or proactively address them. This position directly reports to Senior Regional Counsel, North America, who reports to Global Head of Regulatory and Government Affairs Strategy, Legal.

Responsibilities

• Advising the business on regulatory strategy and risk, including with respect to regulatory matters associated with strategic initiatives, artificial intelligence, and new business line development.
• Advising Compliance on the management of Morningstar’s regulatory compliance responsibilities and consulting with external parties, as appropriate.
• Serving as one of Morningstar’s contacts and negotiators with regulatory bodies and government agencies.
• Advising on strategy for defending and settling any regulatory action or other related matters involving any of Morningstar’s regulated businesses.
• Assisting with formal examinations or investigations by a regulator, regulatory registrations, and written submissions in response to consultations from regulators, as necessary.
• Advising the Compliance Team in internal investigations, and development and implementation of policies, guidelines and other documents pertaining to regulatory requirements applicable to Morningstar’s regulated businesses, as necessary.
• Staying current on regulations and other changes in regulatory requirements that could impact Morningstar’s businesses.

Qualifications

• Law degree and qualified to practice in New York or Illinois, or other relevant US State
• At least 5 years of financial services or securities law experience in a North American jurisdiction
• Structured finance transactional experience, credit rating experience, or other financial services compliance/regulatory experience required
• Experience in dealing with regulators is an advantage
• Proficiency with artificial intelligence is required
• Investment advisor and asset management regulatory experience is beneficial
• Must be admitted to practice law or eligible for admission to practice as in-house counsel in the jurisdiction where located
• Integrity and a high degree of professional ethics
• Excellent judgement and analytical skills
• Strong interpersonal and communication skills, including excellent, clear drafting
• Ability to work efficiently and independently, prioritize workflow, and meet deadlines.

Compensation and Benefits

• Financial Health 100% 401k match up to 6% of salary
• Stock Ownership Potential Company provided life insurance - 1x salary + commission
• Physical Health Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
• Additional medical Wellness Incentives - up to $300-$600 annual
• Company-provided long- and short-term disability insurance
• Emotional Health Trust-Based Time Off
• 6-week Paid Sabbatical Program
• 6-Week Paid Family Caregiving Leave
• Competitive 8-24 Week Paid Parental Leave
• Adoption Assistance Leadership Coaching & Formal Mentorship Opportunities
• Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
• Tuition Reimbursement Social Health Charitable Matching Gifts program Dollars for Doers volunteer program Paid volunteering days 15+ Employee Resource & Affinity Groups
• Total Cash Compensation Range $147,550.00-226,233.33 Inclusive of annual base salary and target incentive
• Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week.
• A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

Company Overview

Morningstar is a global independent investment research and financial data company. Here, you'll help uncover what’s hidden, simplify what’s complex, and create insights that empower investor success.

Equal Opportunity

Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions—including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.