The mission of the Division of Clearing and Risk (DCR) is to promote the integrity of clearing and minimize systemic risk in the derivatives markets by overseeing derivatives clearing organizations (DCOs) and clearing participants. DCR carries out its mission by examining DCOs to identify areas of financial, risk management, and operational concern and for regulatory compliance. The incumbent serves as an Attorney Advisor (General) in the Clearing Policy Branch in DCR.
Duties
This position is in DCR, which oversees DCOs, the clearing of swaps, futures, and options on futures, and market participants that may pose risk to the clearing process. The program is designed to assure that DCOs, DCO clearing participants, other market participants that may pose risk to the clearing process, and the clearing of swaps, futures, and options on futures are in compliance with the Commodity Exchange Act and Commission regulations. The Division consists of the Clearing Policy Branch, Risk Surveillance Branch, International and Domestic Clearing Initiatives Branch, and Examinations Branch, (collectively, Branches) along with their respective subordinate units. As an Attorney Advisor (General) in DCR at the full performance level, you will provide legal services and technical advice as a staff member of the Clearing Policy Branch. In this role you will: Furnish advice of a legal nature on assigned projects with respect to the relevant provisions of the CEA and Commission regulations, as well as other relevant statutes, regulations, judicial decisions, and legal opinions; Develop regulations, orders, guidance, and other regulatory approaches applicable to DCOs and other market participants, including rules related to clearing, margining, settlement, and bankruptcy; Respond to formal no-action, exemption, and interpretation requests, as well as formal requests for exemptive orders, and to informal requests for information on areas for which DCR is responsible; Provide support for the DCR examinations branch by evaluating DCO compliance with the CEA and Commission regulations, conduct research regarding novel and complex legal issues, and help prepare examination reports; Provide support for the DCR risk surveillance branch by evaluating DCO rule changes and new product submissions, conduct research regarding novel and complex legal issues, and help prepare written materials; Review DCO rule submissions for compliance with the CEA and applicable Commission regulations; Review and make recommendations regarding applications for DCO registration; The successful candidate will assist with activities associated with the responsibilities of the Division.
Salary
Qualifications
BASIC REQUIREMENT: All applicants must possess the following: J.D.; and Active membership of the bar in good standing in any state, territory of the United States, the District of Columbia, or the commonwealth of Puerto Rico. (Note: proof of bar membership will be required before entry on duty) AND CT-12 Level: Candidates with a L.L.M or advanced degree in economics, business, etc., OR 2 year of relevant legal experience after completion of law school. CT-13 Level: Candidates with a law degree (J.D. or equivalent) and bar membership and 3 years of relevant legal experience after completion of law school. CT-14 Level: Candidates with a law degree (J.D. or equivalent) and bar membership and 4 years of relevant legal experience after completion of law school. Relevant legal experience is defined as attorneys, law clerk, or other legal experience which was obtained after graduation from a law school. Legal and non- legal experience gained in the Federal government or private sector prior to completing a law degree cannot be used to satisfy the legal experience requirement. Work while in law school does not count. Desired Qualifications: Expert skill in research and analysis of complex legal issues. Expert knowledge of derivatives or related law, financial markets, corporate law, and general administrative law.
Education
Successful completion of a full course of study (J.D.) in a school of law accredited by the American Bar Association (ABA). To be creditable, education must have been obtained in an accredited college or university. You must report only attendance and/or degrees from schools accredited by accrediting institutions that are recognized by the U.S. Department of Education. For a list of schools that meet this criterion, see www.ed.gov. SPECIAL INSTRUCTIONS FOR FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university. For further information, visit: http://www.ed.gov/about/offices/list/ous/international/usnei/us/edlite-visitus-forrecog.html
Required Documents
Resume showing all relevant and related experience (two pages max). If selected, your resume will be used to determine your initial pay setting decision; Cover letter (optional) JD/Transcripts (unofficial copy is accepted for application package, but an official copy with date degree was awarded is required prior to a firm offer letter being extended); Bar membership details; Writing sample demonstrating analysis of complex legal issues (optional)
How to Apply
RESUME REQUIREMENT: Your resume may NOT exceed two pages, and the font size should not be smaller than 10 pts. Please ensure your resume clearly demonstrates how you meet the qualifications for the position within the two-page limit. Resumes over the two-page limit, will not be reviewed beyond page two. YOU MUST APPLY ONLINE: Your complete application, including required documents, must be received by 11:59 p.m. Eastern Time (EST) on the closing date of this announcement. You must complete and submit an application by accessing the USAJOBS website at USAJOBS.GOV. To begin, click the Apply Online button within the vacancy announcement and follow the prompts to create an account using LOGIN.GOV, if you have not done so already. LOGIN.GOV will walk you through each step of the account set-up and will automatically link your USAJOBS profile to LOGIN.GOV. Once you have established an account using LOGIN.GOV, you will then go back to USAJOBS.GOV using your LOGIN.GOV username and password to answer the questions and submit all required documents. If you already have established an LOGIN.GOV account or want to return to your saved application, go to USAJOBS.GOV using your LOGIN.GOV username and password to apply or view your profile. If you have problems completing your on-line application, including problems submitting your supporting documents, please contact the Help Desk by e-mail at mgshelp@monster.com or phone at 1-866.656.6831. The help desk is available Monday-Friday, 7:00 a.m. to 7:00 p.m. EST. To verify the status of your application, log into your USAJOBS account (https://my.usajobs.gov/Account/Login), all of your applications will appear on the Welcome screen. The Application Status will appear along with the date your application was last updated. For information on what each Application Status means, visit: https://www.usajobs.gov/Help/how-to/application/status/.
