Senior Director, Associate General Counsel - Securities Regulation

CME Group•Washington, DC

About The Position

The Senior Director & Associate General Counsel – Securities Clearing will provide specialized in-house legal support to CME Securities Clearing's (CMESC) staff and management team with respect to existing regulatory requirements and new regulatory developments applicable to CMESC and its participants. The attorney will report directly to the head of CMESC's Head of Legal and provide legal and regulatory leadership to the business. The attorney should have experience supporting SEC-regulated clearing houses or intermediaries with respect to clearing regulatory issues. The attorney must have the ability to work both independently and with cross-functional teams. The attorney will provide legal and regulatory support for CMESC operations, risk management and internal governance. The attorney will provide regulatory support and guidance for new CMESC initiatives, assist in new product design and implementation and implement clearing services and banking arrangements in coordination with internal legal teams and external counsel. The attorney will engage with regulatory bodies on behalf of CMESC. The attorney will work with CMESC staff, management and other personnel to ensure that its rules, policies and procedures align to internal CMESC requirements, regulatory requirements and best practices. The attorney will be responsible for drafting rules and related rule submissions, facilitating internal corporate review and approval, submitting of rules to external regulators and interacting with regulators during the review process, all in close coordination with the CMESC staff, management and other personnel. The attorney will monitor new regulatory developments, both domestic and international, that directly or indirectly impact clearing CMESC and work with CMESC staff, management and other personnel to evaluate impacts and develop CMESC’s strategy and responses, including drafting comment letters, where appropriate, and working with appropriate industry groups and regulators to promote effective regulatory policies and CMESC’s business initiatives. CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay ranges for this role based on location are: Chicago: $177,100-$295,100 New York/New Jersey: $177,100-$295,100. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents. CME Group: Where Futures are Made CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more. At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic. Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here. As the world’s leading derivatives marketplace, CME Group is where the world comes to manage risk. We enable clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes foreign exchange energy agricultural products and metals. We meet uncertainty and volatility with confidence and clarity, across the trading lifecycle and around the world. Hear more about our employee experience Get a look inside CME Group and see what makes us tick A rewarding career is only the beginning Best Place to Work Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Additionally, CME Group does not communicate with job applicants over Telegram. Learn more here. For U.S. employment, CME Group is legally required to validate a new hire’s employment eligibility by having them complete an Employment Eligibility Verification (Form I-9) companied with legally acceptable proof of identity and work authorization (as listed on the Form I-9). CME Group uses E-Verify, which is an online system operated by the U.S. Department of Homeland Security in partnership with the Social Security Administration to verify employment eligibility and validate social security numbers. Through participation in the E-Verify program, information entered on Form I-9 will be provided and compared to information available at both of these agencies. See posters below for more details. E-Verify Notice E-Verify Notice Español U.S. Right to Work Notice U.S. Right to Work Notice Español

Requirements

Experience supporting SEC-regulated clearing houses or intermediaries with respect to clearing regulatory issues.
Ability to work both independently and with cross-functional teams.

Responsibilities

Provide specialized in-house legal support to CMESC's staff and management team regarding regulatory requirements and developments.
Report directly to the head of CMESC's Head of Legal and provide legal and regulatory leadership.
Provide legal and regulatory support for CMESC operations, risk management, and internal governance.
Provide regulatory support and guidance for new CMESC initiatives, assist in new product design and implementation.
Implement clearing services and banking arrangements in coordination with internal legal teams and external counsel.
Engage with regulatory bodies on behalf of CMESC.
Work with CMESC staff, management, and other personnel to ensure alignment of rules, policies, and procedures.
Draft rules and related rule submissions, facilitate internal review, submit rules to regulators, and interact with regulators.
Monitor new regulatory developments and evaluate impacts on CMESC, developing strategies and responses.
Draft comment letters and work with industry groups and regulators to promote effective regulatory policies and CMESC’s business initiatives.

Benefits

CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future.
Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program.
From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.

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