Chicago Board Options Exchange

Senior Counsel

Chicago Board Options Exchange • $172K — $254K *
Legal & Accounting
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-5 years of relevant legal experience, preferably in financial services or regulatory environments.
  • Strong legal writing and analytical skills, with experience in drafting regulatory filings.
  • Familiarity with equities market structure and trading practices, with a willingness to deepen knowledge.
  • Basic understanding of market data, access solutions, and ETPs, with a desire to learn more.
  • Self-starter with the ability to work independently and under supervision.
  • Detail-oriented with excellent organizational and analytical abilities.
  • Ability to collaborate across various functions and interact with regulators.

Responsibilities

  • Review and draft rules and rule filings for regulatory submission.
  • Steer rule changes through internal and external approval processes.
  • Collaborate with business teams to provide legal counsel and drive growth.
  • Stay updated on regulations and provide legal advice to relevant business units.
  • Support compliance with national securities exchange requirements.
  • Guide responses to regulatory requests and inspections.
  • Provide legal support across various functions, including Compliance and Technology.
  • Promote a culture of compliance and maintain high legal standards.

Benefits

  • Generous paid time off, including vacation and community service days.
  • Health, dental, and vision benefits, including telemedicine access.
  • 2:1 401(k) match, up to 8% immediately upon hire.
  • Discounted Employee Stock Purchase Plan.
  • Tax Savings Accounts for health and transportation expenses.
  • Employee referral bonus program.
  • Volunteer opportunities to engage with the community.
  • Complimentary lunch, snacks, and coffee in the office.
Full Job Description
Job Description:

To support strong partnership and team connection, this role follows a four day in office work model. 

 

Location Overview 

Cboe HQ is located in the historic Old Post Office district, it’s a landmark that blends classic architecture with modern amenities. The building features expansive spaces with high ceilings and large windows, offering an abundance of natural light and panoramic views of the city skyline and the Chicago River. 

 

With its prime location in the heart of downtown, the OPO Building provides easy access to major transportation hubs, including Union Station and multiple CTA lines, making it convenient for commuters. The building is home to a variety of amenities, including restaurants, a fitness center, and collaborative workspaces, creating a vibrant and dynamic work environment in one of Chicago's most iconic areas. 

 

Role Overview 


Cboe is seeking a Senior Counsel to assist the Legal Department in providing legal and regulatory support to the U.S. Equities, Market Data and Access, and Exchange Traded Product (“ETP”) Listings businesses.   As Senior Counsel, you will review and draft rules and rule filings to applicable regulators, for each of these businesses, as well as respond to other general legal matters including those related to securities trading.  The successful candidate will need to be a  motivated self-starter, willing to take initiative as well as collaborate with more senior attorneys and incorporate their guidance and feedback into their day-to-day responsibilities.  As an operator of exchanges and other trading venues, Cboe operates in a highly regulated environment and compliance by Cboe with its legal and regulatory obligations is paramount in the conduct of its business.  In addition, because Cboe operates in a highly competitive and regulated environment, the successful candidate will need to demonstrate a willingness and capability to learn the various regulatory frameworks that apply to Cboe and how to navigate them. 

 

Your responsibilities will be: 

 

  • Review and draft rules and rule filings to applicable regulators to explain the purpose and basis of those rules. 
  • Responsible for steering any rule changes through internal corporate and external regulators’ review & approval processes 
  • In conjunction with more senior attorneys, partner with the U.S. Equities, Market Data and Access, and ETP Listings business teams to drive growth by providing legal counsel and innovative thinking. 
  • Keep apprised of new and existing regulations and business initiatives, and work with senior legal leaders to provide legal and regulatory advice to the applicable businesses.   
  • Provide legal support for functions relating to compliance with the requirements applicable to national securities exchanges, including exchange membership, and services and products offered by Cboe’s U.S. equities exchanges. 
  • Provide legal guidance relating to regulatory requests, exams, inspections, and/or similar matters involving Cboe’s U.S. equities exchanges. 
  • In addition to the Equities, ETP Listings, and Market Data and Access business, provide legal support to other functions across Cboe, including but not limited to, Compliance, Regulatory, Technology, Operations, Risk, Market Policy & Government Affairs, Billing, and Finance. 
  • 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 national securities exchange.  
  • Respond to other general legal matters including those related to securities trading and corporate law issues. 
  • Review regulatory and informational publications. 
  • Other legal support for company activities. 
  • Help drive the adoption of AI, automation, and improved workflows across Legal, partnering with teams to modernize core processes, strengthen controls, improve efficiency, and enhance program scalability. 
  • Help build the team’s capabilities and support leaders in adopting new tools and technology, fostering a culture of continuous improvement, innovation, and responsible use of emerging capabilities. 

The ideal candidate has 

  • Minimum of 3-5 years of relevant work experience, preferably at a law firm, at other financial services firms or financial market regulators. 
  • Strong legal writing and analytical skills, and experience in drafting regulatory filings. 
  • A working knowledge of fundamental equities market structure terminology and how on-exchange equities trading is conducted, as well as a willingness to develop a deeper understanding of these areas and how to navigate the applicable legal and regulatory frameworks. 
  • A basic understanding of market data and access solutions, and ETPs, and/or a willingness to develop a fundamental understanding of these businesses, and the related legal frameworks applicable to these areas and how to navigate them. 
  • A self-stater attitude and comfort working independently towards completing assigned tasks, as well as under the supervision of more senior attorneys.   
  • A high-motivated attitude, attention to detail, and the ability to proactively organize a heavy workload and demonstrate excellent analytical abilities.  
  • Ability to collaborate cross-functionally across the businesses, technology and operations, compliance, and regulatory, as well as with other legal team members. 
  • Experience interacting with regulators, or a strong desire to develop skills in this area under the direction of more senior attorneys. 
  • Proficiency in the use of AI to streamline legal tasks such as summarizing industry rule proposals, comment letters, and regulatory rules, laws, and regulations. 

Education/Licenses:

  • Bachelor’s Degree and Juris Doctorate
  • Licensed to practice law.
  • Computer proficiency in Microsoft Office Suite applications including MS Word, PowerPoint, and Excel. 

Benefits and Perks of working for Cboe Global Markets


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 
  • 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 
  • Paid Time Off

Salary Ranges (applicable for US locations only)

At Cboe, we are

About Chicago Board Options Exchange

The Chicago Board Options Exchange, located at 433 West Van Buren Street in Chicago, is the largest U.S. options exchange with an annual trading volume of around 1.27 billion at the end of 2014. CBOE offers options on over 2,200 companies, 22 stock indices, and 140 exchange-traded funds. The Chicago Board of Trade established the Chicago Board Options Exchange in 1973. The first exchange to list standardized, exchange-traded stock options began its first day of trading on April 26, 1973, in celebration of the 125th birthday of the Chicago Board of Trade. The CBOE is regulated by the Securities and Exchange Commission and owned by Cboe Global Markets.
Learn more about Chicago Board Options Exchange
Industry
Founded
1973

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