Compliance Examiner – Member Regulation, Sales Practice
Job Summary:
Examiners review or investigate risk areas of broker-dealers, and allegations of wrong-doing or other non-compliant conduct to protect investors and ensure the integrity of the U.S. financial markets. This position requires excellent analytical and communication skills, consistently high productivity levels and work quality (frequently under tight deadlines), and a strong commitment to ensuring that the securities industry operates fairly and honestly.
Essential Job Functions:
- Conducts examinations and other reviews related to FINRA member firms' finances and operations; sales, underwriting and trading practices; and supervisory and compliance policies, procedures, internal controls and systems to determine compliance with established standards and rule requirements.
- Analyzes sales practices and investigates customer complaints, terminations for regulatory cause, and activities of broker-dealer personnel to assess fair treatment of customers.
- Analyzes internal and supervisory controls in key areas of risk and evaluates broker-dealer systems to determine quality, reliability and compliance with requirements.
- Assesses adequacy of member firms' financial condition and validates accuracy of regulatory filings, net capital computations and books and records.
- Develops evidence and analysis in support of enforcement actions; conducts or participates in interviews and depositions of customers, member firm personnel and others; partners with enforcement attorneys in development of formal disciplinary actions; and testifies at administrative hearings.
- Creates work papers to evidence scope of examination and the accuracy of findings.
- Provides comprehensive written and verbal reports to broker-dealer executives and FINRA management, including information relating to regulatory concerns noted during examinations.
- Acquires, maintains and continues to develop core skills and knowledge of relevant rules, regulations, and guidelines through completion of FINRA's structured training program, which includes attendance at instructor-led classroom training in Rockville, MD, self-paced learning (print-based and computer-based), and on-the-job training with the support of more experienced examiners or managers. Candidates may have opportunities to coach and guide less experienced examiners.
- May participate in special projects and initiatives.
Qualifications
Education/Experience Requirements:
- Bachelor's degree in Finance, Accounting, Business Administration or a related discipline preferred, with a minimum of three (3) accounting courses required. Advanced degree preferred.
- Directly related experience in a securities, finance, regulatory or auditing role is highly preferred. Knowledge of FINRA and SEC rules and regulations is a plus.
- Excellent interpersonal, written and verbal communication skills and competence with office software applications are essential.
- The specific grade level for a successful candidate will be determined based on FINRA's assessment level of supervision and guidance required by the candidate; level of expertise in securities products, practices, rules and regulations; and level of ability to independently conduct complex work in a quality manner.
Working Conditions:
- Work is normally performed in an office environment, at FINRA premises or at member firms' offices. Extended hours are frequently required. Overnight travel (up to 45% per year) is required. FINRA examiners work in a team environment, with opportunities to interact with broker-dealer and FINRA senior managers.
The information provided above has been designed to indicate the general nature and level of work of the position. It is not a comprehensive inventory of all duties, responsibilities and qualifications required.
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FINRA strives to make our career site accessible to all users. If you need a disability-related accommodation for completing the application process, please contact FINRA's accommodation help line at (240) 386-4865. Please note that this number is exclusively for inquiries regarding application accommodations.
In addition to a competitive salary, comprehensive health welfare benefits, and an incentive bonus, FINRA offers immediate participation and vesting in a 401(k) with company match. You will also be eligible to participate in an additional FINRA funded retirement contribution; tuition reimbursement and many other benefits. If you would like to contribute to our important mission and work collegially in a professional organization that values intelligence, integrity and initiative, consider a career with FINRA.
About FINRA
The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA's mission is to protect America's investors by making sure the securities industry operates fairly and honestly. All told, FINRA oversees nearly 4,600 brokerage firms, about 164,000 branch offices and approximately 632,000 registered securities representatives.
FINRA's independent regulation plays a critical role in America's financial system and touches virtually every aspect of the securities business-from registering and educating industry participants to examining securities firms; writing rules; enforcing those rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms. We also perform market regulation under contract for the major U.S. stock markets, including the New York Stock Exchange, NYSE Arca, NYSE Amex, The NASDAQ Stock Market and the International Securities Exchange.
FINRA has approximately 3,000 employees and operates from Washington, DC, and New York, NY, with 20 regional offices around the country.
In today's fast-paced and complex global economy, FINRA is a trusted advocate for investors, dedicated to keeping the markets fair and proactively addressing emerging regulatory issues before they harm investors or the markets.
Find out more about us and how we work-and view our current openings-atwww.finra.org/careers.
Search Firm Representatives
Please be advised that FINRA is not seeking assistance or accepting unsolicited resumes from search firms for this employment opportunity. Regardless of past practice, a valid written agreement and task order must be in place before any resumes are submitted to FINRA. All resumes submitted by search firms to any employee at FINRA without a valid written agreement and task order in place will be deemed the sole property of FINRA and no fee will be paid in the event that person is hired by FINRA.
FINRA is an Equal Opportunity and Affirmative Action Employer
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