Regional Counsel

001_MstarInc Morningstar Legal Entity; Chicago (IL); Hybrid; USD 148,000 - 226,000; Full time

Job summary

Morningstar, Inc., a leading global provider of independent investment research, seeks a specialist in Global Regulatory Strategy and Advisory to support North American operations. You will advise on regulatory strategy, risk, and responses to evolving rules, reporting to the Senior Regional Counsel, NA, and collaborating with the Global Head of Regulatory and Government Affairs Strategy, Legal.

You will negotiate with regulators, coordinate external counsel, and help defend regulatory actions

Qualifications

• Law degree and admitted to practice in New York or Illinois, or other 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 regulatory experience.
• Experience in dealing with regulators is an advantage.
• Proficiency with artificial intelligence is required.
• Investment advisor and asset management regulatory experience is beneficial.

Responsibilities

• Advising the business on regulatory strategy and risk, including with respect to AI 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 examinations or investigations by a regulator, regulatory registrations, and written submissions in response to consultations from regulators.
• Advising the Compliance Team in internal investigations, and development and implementation of policies, guidelines and other documents pertaining to regulatory requirements.
• Staying current on regulations and changes in regulatory requirements that could impact Morningstar’s businesses.

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:

While not meant to be a comprehensive list of functions, principal day-to-day responsibilities of this role in North America include:

• 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

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• 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 plansand coverages

  • Additional medical Wellness Incentives - up to $300-$600 annual

  • Company-provided long- and short-termdisabilityinsurance

• 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 & FormalMentorshipOpportunities

  • 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

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.

001_MstarInc Morningstar Inc. Legal Entity