Financial Operations Examiner – Member Regulation, ROOR
Conducts on-site examinations and assesses Floor member and member organization's financial and operational condition and compliance with securities rules and regulations.
Essential Job Functions:
- Examine and analyze financial, operational and sales practice compliance of Floor members and member organizations.
- Reviews trading floor activities of member firms to ensure compliance with SRO and SEC rules and regulations.
- Examines members and member organization books and records to verify that their activities are in compliance with applicable rules and regulations.
- Reviews member firms financial data to ensure compliance with established procedures and regulatory requirements.
- Interacts with firm personnel in areas such as trading, compliance, risk management and regulatory reporting and reviews the records prepared in each area.
- Analyzes internal controls in key areas of risk and evaluates systems used by member firms to determine quality and reliability.
- Prepares written reports and conducts exit interviews to provide member firms with information on regulatory concerns noted during exams.
- Works in a team environment, with opportunities to supervise others and interact with senior member firm and FINRA personnel
Additional Essential Job Functions to be considered for a Financial Operations Examiner at a higher grade level include:
- Communicates findings and related issues to senior management of the members/ member organizations and other regulatory agencies, both verbally and in written correspondence.
- Prepares final examination reports and conduct exit interviews to provide members and member organizations with information to take corrective action.
- Participates in the development and of educational programs on regulatory matters.
- Makes recommendations to Unit management for enhancements to examination scopes.
- Represents the Unit/Division on committees on internal projects.
- Evaluates systems used by members/member organizations to determine quality and reliability.
- Analyzes and evaluates new products to determine compliance with established rules and regulations.
- Participates in the training of lesser experienced examiners on all aspects of Floor members/member organizations activities.
- Supervises and provides guidance, training and technical support to examiners; evaluates examination team and acts as liaison with Examination Directors and office staff.
- Reviews examination work papers and report to determine the quality and accuracy of examination findings.
- Manages multiple assignments where appropriate to assist the division in meeting its goals.
Education/Experience Requirements:
- Bachelor's degree in Finance, Accounting, Business Administration or a related discipline with a minimum of 9 credits in Accounting.
- Directly related experience in a regulatory, compliance or investigative role is highly desired, with securities industry experience preferred.
- Excellent analytical and evaluation skills related to activities of floor members and member organizations for rule compliance.
- Excellent interpersonal, written and verbal communication skills and computer proficiency are essential.
- Knowledge of various computer applications (e.g., MS Word and Excel).
Additional Education/Experience Requirements to be Considered for a Financial Operations Examiner at a higher level include:
- Minimum of five to six years Securities Industry, Financial or Regulatory experience, including prior examination and/or auditing experience.
- Thorough knowledge of Self-Regulatory Organization and SEC rules and regulations, and generally accepted accounting principles.
- Excellent analytical and evaluation skills related to activities of floor members and member organizations for rule compliance.
- Full understanding of NYSE floor related surveillance applications such as MARS and ISIS2.
- Ability to examine financial, operational and sales practices of member firms for rule compliance.
- Expert knowledge of NYSE and SEC rules and regulations, including those relating to members and Specialist.
- Firms on the NYSE floor, and generally accepted accounting principles.
- Ability to supervise, train and evaluate staff.
- Ability to evaluate new products and systems.
Working Conditions:
- Work is normally performed in an office environment, with extended hours, when necessary.
- Challenging work environment, continuous learning, and constantly changing landscape.
- Dealings with senior industry management and become a part of ground breaking financial reform initiatives.
- Exposure to numerous areas of a broker-dealer's business.
- Overnight travel (approximately 25% per year) is required. FINRA examiners work in a team environment.
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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In addition to a competitive salary, comprehensive health and welfare benefits, and incentive compensation, FINRA offers immediate participation and vesting in a 401(k) plan with company match. You will also be eligible for participation in an additional FINRA-funded retirement contribution, our tuition reimbursement program 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.
Please note: FINRA's Code of Conduct imposes restrictions on employees' investments and requires financial disclosures that are uniquely related to our role as a securities regulator. As standard practice, employees must also complete FINRA's Employee Confidentiality and Invention Assignment Agreement and comply with the company's policy on nepotism.
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
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