Fixed Income Specialist
Develop, implement, monitor and manage national programs focusing on Fixed Income and related FINRA regulatory matters. Represent FINRA in contacts with external regulatory agencies and internal FINRA departments. This is a mid-level individual contributor that provides extensive support to the Director of Fixed Income Regulation and senior management on a variety of high-priority, complex projects.
Essential Job Functions:
- Develops and delivers fixed income regulatory policy guidance for the benefit of examiners and member firms, including matters of common interest between Member Regulation and other FINRA departments, such as Enforcement, Market Regulation, and Transparency Services.
- Participate in policy discussions between FINRA and other regulatory agencies (e.g., Municipal Securities Rulemaking Board and Securities and Exchange Commission).
- Assist the Director as FINRA’s primary liaison to the MSRB about policy, rule interpretation and amendment, systems development/data delivery, and information transfer.
- Provide high-level policy assistance, guidance and support to the Office of Risk, District Offices, Enforcement, Market Regulation, and Transparency Services about matters involving the examination of member firms fixed income transactions and applicable laws, rules and regulations.
- Responsible for the development of fixed income examination processes and manage their implementation within FINRA.
- Oversee and participate in the development of fixed income information delivery mechanisms for FINRA examiners and member firms. Manage and enhance fixed income information processing, maintenance and analysis.
- Review regulatory intelligence received from MSRB and other sources to make initial decisions regarding referral of member firms for further investigation, and monitor those investigations.
- Coordinate examiner training programs related to fixed income securities, and participate in public forums about fixed income securities to provide guidance to industry groups and member firms.
- Using analytical skills, identify patterns or practices of member firm behavior that may present investor protection issues and therefore warrant further investigation.
- Oversee, on a national basis, FINRA’s uniform and consistent application of the rules of the MSRB and related SEC rules, as well as applicable rules regarding corporate and government securities. Identify rulemaking and rule amendments that affect examination process, and assist in developing solutions.
- Provide business expertise and advice in the development of fixed income market surveillance systems. Within Shared Services, manage the transfer of information to and from the MSRB, including large amounts of transaction-related data, develop databases and compliance tools (e.g., “report cards,” etc.) to assist both examiners and member firms in monitoring compliance.
- Provide guidance, both written and verbal, to both District Office staff and member firms to enhance understanding and enforcement of MSRB rules and interpretations. Work closely with the staff of the MSRB, SEC, Market Regulation, the Department of Enforcement, and Transparency Services to foster information exchange and cooperation between organizations in decision-making regarding policies, rules, and other regulatory matters, and/or to obtain additional information and/or guidance for examination staff.
- Provide support to Member Regulation by researching issues and providing analyses of rules and policies affecting the regulatory programs administered by Member Regulation. Serve as a subject matter expert on behalf of the Fixed Income Regulation group.
- Undertake special projects for senior management on request.
Other Responsibilities:
- Lead or participate in both internal and external regulator working group meetings to discuss transaction reporting, public finance rules, changes in information sharing between SROs, and other matters of mutual interest.
Education/Experience Requirements:
- Bachelor’s Degree in Finance, Accounting, Business Administration or a related discipline, with a minimum of three (3) accounting and/or finance courses required. Advanced degree preferred.
- Minimum of eight or more years of regulatory experience or work experience within the securities industry with a minimum of five years experience in the area of fixed income securities.
- Extensive knowledge of federal securities laws, FINRA Rules of Fair Practice, and laws and regulations related to municipal securities.
- Excellent analytical, interpersonal, written, and verbal communications skills and competence with office software applications are essential.
- Effective team skills, including the ability to work effectively with others, resolve issues, and support change.
- A familiarity with FINRA systems and electronic data retrieval is desirable.
- Demonstrated ability to work under multiple time deadlines with minimal supervision.
Working Conditions:
- Work is normally performed in an office environment.
- Extended hours frequently required. Some overnight travel may be required.
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 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
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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