Senior Legal Counsel

Position Summary:Morningstar DBRS is a dynamic, global organization that operates within a highly regulated industry.We are seeking a who will be based in either Chicago, Toronto or New York. The SLC will report directly to the Morningstar Global Head of Regulatory Strategy and Advisory, Legal, a direct report of the Chief Legal Officer. The SLC will have a direct report – an attorney in Madrid covering Europe and will work in close coordination with an attorney in Toronto covering North America. The SLC will work closely with Morningstar DBRS’s business leaders and will be responsible for the leadership, development and management of legal affairs for commercial activity across all jurisdictions in which Morningstar DBRS carries on business. As a critical member of the Morningstar DBRS team, the SLC will be expected to operate at a strategic level in a fast-paced, dynamic environment; to advise business leaders and assist in making informed and balanced decisions to help shape and move the business forward. This role requires the SLC to think strategically about the growth of the Morningstar DBRS business internationally but also requires the SLC to efficiently manage several different commercial matters simultaneously with an emphasis on getting the work done. Responsibilities:Given the amount and variety of activity, coupled with the evolving culture of Morningstar DBRS as a result of continuous growth, as well as the evolving landscape in the various jurisdictions, the SLC will need to be very hands-on and have the ability to deal with a broad range of commercial legal matters. While not an exhaustive list, here are some examples of day-to-day activities the SLC will be involved in:Providing legal support to commercial business initiatives and supporting the Morningstar DBRS business development team in carrying out their activities. This will include negotiating and advising on letters of engagement, confidentiality agreements, requests for proposals and due diligence inquiries with/from companies seeking to engage Morningstar DBRS to assign credit ratingsNegotiating and advising on credit rating data feed agreements and website subscriptions; and supporting the Morningstar DBRS data products team in carrying out their activitiesReviewing, negotiating and advising on non-reliance and hold harmless letters from accounting firms and others providing reports in the credit analytical function and supporting the Morningstar DBRS credit analytics teams in relation to thisNegotiation, drafting, and reviewing of Morningstar DBRS commercial contracts related to data service providers, sponsorship agreements, procurement contracts and other agreementsMaintaining and organizing the relevant contractual documentation in a logical and systemic mannerWorking closely with the Morningstar DBRS Compliance team, the Morningstar Legal team and the Morningstar DBRS teams to ensure that Morningstar DBRS is properly managing legal compliance and regulatory responsibilities as well as ensuring commercial practicality and protecting the organization’s reputationEnsuring that Morningstar DBRS commercial activities are conducted in accordance with applicable laws and the commercial requirements of those with whom it does businessIn conjunction with the Morningstar Privacy team, reviewing Morningstar DBRS processes to ensure that Morningstar DBRS complies with all applicable data protection legislationServing as a resource in the maintenance of corporate filings, opening of offices in new markets, managing and coordinating legal aspects related to Morningstar DBRSKeeping abreast of legal developments, particularly those affecting the credit rating agency industryOther matters as assigned and/or determined from time to timeQualificationsLaw degreeMust be admitted to practice as a lawyer in Illinois, New York or Ontario; other jurisdictions are an advantageAt least 10 years of financial services experience, ideally in a regulated business, coordinating with regulatory and compliance teamsKnowledge and familiarity with structured finance, credit ratings and capital markets is an assetExperience in managing a small team as part of a broader global team is an advantageAttributes:Strong business acumenLeadership skills, gravitas and the ability to influenceIntegrity and a high degree of professional ethicsExcellent judgement and analytical skillsFirst class interpersonal and communication skillsSuperior drafting, problem-solving and attention to detail skillsProven capability to work independentlyCollaborative teammate and colleagueMorningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.