Senior Counsel (FX) at Cboe Global Markets

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

03 Apr, 26

Salary

194250.0

Posted On

03 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Legal Research, Regulatory Compliance, Contract Negotiation, Drafting Agreements, Communication, Attention to Detail, Team Collaboration, Time Management, Strategic Solutions, Fixed Income, FX, Futures, Securities, Derivatives, Rule Filings, Market Regulations

Industry

Financial Services

Description

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 Global FX business conducted by Cboe FX Markets, LLC (Cboe FX), Cboe SEF, LLC, a swap execution facility (SEF) regulated by the Commodity Futures Trading Commission (CFTC), and Cboe Fixed Income Markets, LLC, a broker-dealer regulated by the Securities and Exchange Commission (SEC) and FINRA (collectively, Global FX). As a regulated entity, Global FX operates in a highly regulated environment and compliance by Global FX with its legal and regulatory obligations is paramount in the conduct of its business. This position is in New York, NY or 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. Negotiate and draft client agreements. Draft Cboe SEF rules and rule filings to the CFTC to explain the purpose and basis of those rules. Assist with regulatory compliance issues related to a U.S. broker dealer with relevant regulators and government authorities, such as the SEC and FINRA. Draft and review Global FX user documentation, notices, website materials, sales, marketing, policies and procedures, and other documents and materials relating to the operation and services of Global FX. Draft required Global FX submissions and reports to the SEC, CFTC and other regulatory agencies. Provide legal support to Cboe staff, including providing guidance regarding Global FX rules and applicable law and regulation relating to the functions of Global FX, Global FX services, and Global FX business initiatives. Monitor for changes in legal requirements applicable to Global FX or that could have potential impact in relation to Global FX ’s business. Provide legal support for functions relating to compliance with the requirements applicable to Global FX and Global FX services. Provide legal guidance relating to regulatory requests, exams, inspections, and/or similar matters involving Global FX. Draft comment letters and regulatory proposals to the SEC, 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 fixed income, FX, and swaps and the rules of other SROs and provide analysis and recommendations based on that research. 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 regulated markets. Experience: Minimum of 4 years of experience as a practicing attorney, including 1-2 years with a focus on fixed income, FX, futures, securities, and/or other exchange traded derivative products. Previous employment at the CFTC or SEC or a trading venue or 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 fixed income, FX, 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: fixed income, FX, 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, Outlook and Co-Pilot, 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 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 #LI-CP1 This position is not eligible for visa sponsorship. Candidates must be legally authorized to work in the United States without the need for employer sponsorship now or in the future. 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: US Geographic Differentials: 110%: Austin TX, Chicago IL, Denver CO, San Diego CA 115%: Los Angeles CA, Seattle WA 120%: Boston MA, Washington DC 125%: New York City NY 130%: San Francisco CA 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 other third party communication tools for recruiting purposes. Cboe is always looking for intelligent, innovative and hard-working individuals. Our success is based on our talented team of industry and technology professionals, which we believe is the strongest in the industry, and we pride ourselves on hiring the best and brightest. Cboe Global Markets is an Equal Opportunity Employer. For more information, please click the following links: Equal Employment Opportunity is The Law (in English) Equal Employment Opportunity is The Law (in Spanish) Equal Employment Opportunity is The Law (Supplement) E-Verify Participation Poster (English & Spanish) Right to Work Poster (English) Right to Work Poster (Spanish) If you have been contacted about a job opening at Cboe by someone that does not have a @cboe.com email, this is NOT a trusted source. Cboe only utilizes emails from @cboe.com or Linkedin messaging for recruitment purposes. Cboe does not use any other third-party messaging applications. We recommend that you refrain from responding to Cboe recruitment emails that are not from a cboe.com email address and to file a complaint with the Internet Crime Complaint Center IC3 at https://www.ic3.gov/. If you have further questions, please reach out to the Cboe HR team at cboehr@cboe.com

Responsibilities

The Senior Counsel will provide legal support to Cboe’s Global FX business, including negotiating and drafting client agreements and assisting with regulatory compliance issues. The role involves drafting rules and submissions to regulatory agencies and providing guidance on legal matters related to Global FX operations.