Summer Intern - Legal Department

The Options Clearing Corporation (OCC); Illinois; Hybrid; USD 28,000 - 40,000; Full time

Job summary

The Options Clearing Corporation (OCC) in Chicago is offering a 12-week summer internship in the Legal department. Interns work up to 40 hours per week in a hybrid environment and contribute to meaningful projects under attorney supervision.

Responsibilities include supporting legal processes, performing research, and assisting with drafting and presentations for collaboration and education. This program emphasizes learning, critical thinking, and real-world exposure to financial services law.

Qualifications

• Law student pursuing a degree with interest in regulatory and corporate governance.
• Completion of one or two years of law study required or pursued.
• Undergraduate degree may be considered for related support roles.

Responsibilities

• Ad hoc projects for Legal department attorneys to support Legal processes and/or provision of legal advice to OCC stakeholders
• Legal research, analysis, and writing
• Development of presentations for Legal department collaboration and education

Skills

Legal research

Legal writing

Analytical thinking

Education

Law Student (graduate school) - rising 3rd year or rising 2nd year

Undergraduate BA or BS

Completion of one or two years of Law School

Job description

Location: Chicago

Internship type: Seasonal intern (12 weeks, summer 2027)

• THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP*****

• THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP*****

• INTERNS AND SEASONAL INTERNS ARE ELIGIBLE ONLY FOR PAID SICK LEAVE ACCRUED BASED ON HOURS WORKED. NO OTHER BENEFIT INCLUDING TECHNOLOGY STIPEND APPLY TO INTERNS OR SEASONAL INTERNS*****

Hybrid Work Program

OCC operates under a Hybrid Work Program which, absent an approved exception, requires employees to work from an OCC office at least 3 days per week. To maximize in–person collaboration, Tuesday and Wednesday are considered anchor days, and all employees are expected to work in the office both days. Employees meeting performance expectations are generally permitted to select 2 other days per week to work remotely if desired. When working remotely, employees are generally expected to work from the state in which they reside, absent an exception approved by Human Resources. Additionally, OCC generally does not permit employees to work while traveling internationally.

About OCC

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 21 exchanges and trading platforms.

OCC also provides free and engaging educational resources about the benefits and risks of options through its Options Industry Council (OIC).

OCC is building a culture that empowers continued learning, authentic innovation, and constant creativity.

About the Intern Program

OCC is looking for interns who are eager to learn, humble enough to ask questions, and ready to think critically about complex problems. The OCC Internship Program equips students with the real-world skills needed to transition successfully into a career in financial services. As an intern, you will contribute to meaningful projects, applying your skills and knowledge to real challenges facing the business. Your time with us is a real opportunity to make a genuine impact on the future of OCC!

OCC's Summer Internship Program is a 12-week opportunity running either May through August or June through September, and is open to undergraduate and graduate students who are actively enrolled at a college or university. Interns work up to 40 hours per week in a hybrid work environment, and overtime is not permitted.

The Team & Role

The intern will have the opportunity to work with all teams in the Legal department. Potential projects may include regulatory, commercial, litigation, and corporate governance issues.

Job Summary & Responsibilities

• Ad hoc projects for Legal department attorneys to support Legal processes and/or provision of legal advice to OCC stakeholders
• Legal research, analysis, and writing
• Development of presentations for Legal department collaboration and education

Candidate Qualifications

Desired Majors

• Law Student (graduate school) - rising 3rd year or rising 2nd year

Technical Skills/Experience Desired

• Completion of one or two years of Law School

Additional Qualifications

• Undergraduate BA or BS

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.

Compensation

• The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
• In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
• We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
• All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.

Salary Range

$25.00 - $25.00

Incentive Range

This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.

OCC is an Equal Opportunity Employer