Senior Counsel

Job Description:

Building trusted markets — powered by our people.

At Cboe Global Markets, we inspire our people to solve complex challenges together because what we do matters. We provide the financial infrastructure that powers the global economy. As a leading provider of market infrastructure and tradable products, Cboe delivers cutting-edge trading, clearing and investment solutions to market participants around the world.

We’re building inclusive ways to support professional and personal development while strengthening the trust we’ve earned as a global market leader. Our teams are empowered to share ideas, actively pursue them and bring on a challenge. As champions of internal mobility and access to opportunity, we encourage our people to “go for it” and equip our managers with the training to coach their teams to the next level. Our Associate Resource Groups champion diversity, equity and inclusion, giving associates a safe space to network, share ideas and create opportunities.

Cboe is seeking a Senior Counsel to provide legal support to Cboe’s U.S. clearing business conducted by Cboe Clear U.S., LLC (CCUS), a derivatives clearing organization regulated by the Commodity Futures Trading Commission (CFTC). As a regulated entity, CCUS operates in a highly regulated environment and compliance by CCUS with its legal and regulatory obligations is paramount in the conduct of its business. This position is in Chicago, Illinois.

Duties and Responsibilities:

Perform a combination of the functions listed below.  Particular day-to-day functions may vary among certain of the following functions depending upon priorities at that time.

• Draft CCUS rules and rule filings to the CFTC to explain the purpose and basis of those rules.
• Draft and review CCUS user documentation, notices, website materials, policies and procedures, and other documents and materials relating to the operation and services of CCUS.
• Draft required CCUS submissions and reports to the CFTC and other regulatory agencies.
• Provide legal support to Cboe staff, including providing guidance regarding CCUS rules and applicable law and regulation relating to the functions of CCUS, CCUS services, and CCUS business initiatives.
• Monitor for changes in legal requirements applicable to CCUS or that could have potential impact in relation to CCUS’s business.
• Provide legal support for functions relating to compliance with the requirements applicable to CCUS and CCUS services.

• Provide legal guidance relating to regulatory requests, exams, inspections, and/or similar matters involving CCUS.
  • Draft comment letters and regulatory proposals to the CFTC and other regulatory agencies, including regarding proposed regulations and proposed self-regulatory organization (SRO) rules.
  • Conduct legal research related to the federal laws and regulations relating to clearing, futures, securities, and swaps and the rules of other SROs and provide analysis and recommendations based on that research.
  • Handle a number of other legal matters, which could include, among other things, providing legal support related to Cboe’s futures business functions and/or other Cboe product asset classes.
  • Assist with various legal projects across the Legal Division and perform other duties as assigned.
  • Maintain high standards of legal and regulatory compliance and promote a culture of compliance, by among other things, helping ensure compliance with all legal and regulatory requirements of operating a DCO.

Experience:

Minimum of 4 years of experience as a practicing attorney, including 1-2 years with a focus on clearing, futures, securities, and/or other exchange traded derivative products. Previous employment at the CFTC or SEC or a clearing organization or a futures or securities exchange is desirable.

Knowledge, Skills and Abilities:

• Strong writing skills and the ability to express complex subject matter in an accurate, clear, and straightforward manner.
• Ability to develop strategic solutions to legal problems and communicate to business effectively.
• Ability to effectively communicate both orally and in writing and to effectively interact with internal and external contacts.
• Experience in drafting rule filings as well as a working knowledge of the futures, securities, and/or derivatives markets and of the broader financial markets is a plus.
• Strong attention to detail and the ability to articulate complex concepts with the level of detail that is necessary for various regulatory filings and other written communications.
• Working knowledge in one or more of the following legal areas: clearing, futures, securities, and/or derivatives laws and regulations.
• Ability to work independently and to work cooperatively in group situations; offer assistance and support to co-workers; balance team and individual responsibilities; exhibit objectivity and openness to others' views; give and welcome feedback.
• Ability to organize and prioritize work assignments; strong time management experience and skills; and ability to complete multiple tasks simultaneously with accuracy and quality, to adjust to changes in priorities and situations, and to meet deadlines.

Education/License(s):

• Bachelor’s Degree and Juris Doctorate.
• Licensed to practice law.
• Computer proficiency in Microsoft Office Suite applications including Word, PowerPoint, Excel, and Outlook, as well as document management and other office technologies.

We value the total wellbeing of our people – including health, financial, personal and social wellness. We believe standard benefits like health insurance and fair pay are a given at any organization. Still, you should know we offer:

• Fair and competitive salary and incentive compensation packages with an upside for overachievement
• Generous paid time off, including vacation, personal days, sick days and annual community service days
• Flexible, hybrid work environment, where you choose where and how you work
• Health, dental and vision benefits, including access to telemedicine and mental health services
• 2:1 401(k) match, up to 8% match immediately upon hire
• Discounted Employee Stock Purchase Plan
• Tax Savings Accounts for health, dependent and transportation
• Employee referral bonus program
• Volunteer opportunities to help you give back to your communities

Some of our associates’ favorite benefits and perks include:

• Complimentary lunch, snacks and coffee in any Cboe office
• Paid Tuition assistance and education opportunities
• Generous charitable giving company match
• Paid parental leave and fertility benefits
• On-site gyms and discounts to other fitness centers

More About Cboe Global Markets

We’re reimagining the future of the workplace by focusing on what matters most, our people.  Our journey is an inclusive one. We’re investing deeply in leadership programs and career development initiatives that ensure everyone has an equal chance to succeed. We celebrate the diversity in our communities, inside and out, and welcome new perspectives with equity, inclusion and belonging.

We work with purpose, solving problems with ingenuity, collaboration, and a lot of passion. We’re an engaged and excited team connecting markets across borders and embracing growth in all its forms to achieve incredible outcomes.

Learn more about life at Cboe on our website and LinkedIn.

Equal Employment Opportunity

We're proud to be an equal opportunity employer - and celebrate our associates' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status

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Our pay ranges are determined by a number of factors, including, but not limited to, role, experience, level, and location. The national new hire base pay range for this job in the United States is $157,250-$194,250. This range represents the minimum and maximum base pay the company expects to offer for new hires working in the position full time. If you live in one of the following areas or if you work in a Cboe office in the following areas, the range may be higher according to the geographic differentials listed below:

Within the range, individual pay is determined by a number of factors, including, but not limited to, work location, job-related skills, experience, and relevant education or training. In addition to base pay, our total rewards program includes an annual variable pay program and benefits including healthcare (medical, dental and vision), 401 (k) with a generous company match, life and disability insurance, paid time off, market-leading tuition assistance, and much more!  Your recruiter will provide more details about the total compensation package, including variable pay and benefits, during the hiring process. For further information on our total rewards program, visit TOTAL REWARDS @CBOE.

Any communication from Cboe regarding this position will only come from a Cboe recruiter who has a @cboe.com email or via LinkedIn Recruiter. Cboe does not use any otherthird party communication tools for recruiting purposes.