Summer Intern - Legal Department

The Options Clearing Corporation; United States; On-site; USD 29,000 - 40,000; Full time

Benefits offered by this job

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 (OCC) in Chicago invites applications for a Summer Internship in the Legal department. This 12-week internship (May–August or June–September) offers hands-on experience across regulatory, commercial, litigation, and governance matters in a hybrid work setting.

Ideal candidates are law students in 2nd or 3rd year with formal law school coursework and an undergraduate BA/BS. Interns will engage in research, writing, and presentations and work up to 40 hours per

Qualifications

• Law student (graduate school) in rising 2nd/3rd year
• Completed one or two years of Law School
• Undergraduate BA or BS

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

Education

Law student (2nd/3rd year)

Law School coursework (1–2 years)

Undergraduate BA/BS

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.

Location: Chicago

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

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.

About 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
• Desired Completion of one or two years of Law School
• Additional Qualifications Undergraduate BA or BS

Compensation

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.

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.

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

Equal Opportunity Employer

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.

If you need a disability related accommodation for any part of the application process, please email [e-mail].