Principal Counsel – Membership Application Program recruitment
Job Summary: Supervise the day-to-day activities of FINRA Regulatory Specialists and Program Analysts, and review, analyze and coordinate the distribution and processing of FINRA and Regulatory Service Agreement ("RSA") clients' new and continuing membership applications. Review business and financing transactions for compliance with relevant FINRA, SEC and Self-Regulatory Organization ("SRO") rules and State law. Essential Job Functions:
- Perform technical review of member organizations' capital contributions and various financing and corporate documents used by member firms in obtaining regulatory capital or facilitating corporate transactions, for compliance with SEC, FINRA and State law.
- Provide advice and educational support to staff in the review of such transactions and applicable rule requirements.
- Review documentation underlying mergers, acquisitions, reorganizations and subordinated loans as appropriate
- Communicate effectively with member firm personnel and external counsel as well as internal staff on these matters.
- Communicate with all relevant internal FINRA and RSA client staff and management to coordinate the approval of FINRA and SRO new and continuing membership application documents.
- Review subordinated loans, LLC, partnership and corporate documentation. Assist and supervise staff in the review of same.
- Coordinate the review process of FINRA and RSA clients' applications and make recommendations for the acceptance thereof. Coordinate and assist in the performance of the application review, analyze application information and evaluate and recommend approval/disapproval of the applications.
- Communicate with other departments within FINRA and other SROs to obtain needed feedback and approvals of the application.
- All managerial oversight functions related to the supervision of four to six direct reports, including the preparation of annual performance appraisals and assisting in compensation planning.
Other Responsibilities: Participate and/or lead special projects, as assigned.Qualifications Education/Experience Requirements:
- Law degree and 7 years or more of broker/dealer or related regulatory or legal experience.
- Knowledge of SEC, FINRA and SROs' rules relating to regulatory capital documentation requirements and appropriate State and Federal law.
- Knowledge of trusts and estates issues; limited liability company issues; and loan financing, contract and corporate law.
- Ability to apply all legal principles and knowledge of securities regulations to analyzing member organization business and financial transactions and related legal documents and evaluating compliance with regulatory requirements.
- Strong interpersonal skills and ability to work and manage directly and indirectly across department lines; communicate effectively with external counsel, member organization personnel and representatives of other regulatory bodies.
- Ability to respond timely and effectively in addressing questions and matters under review. Strong written and oral communication skills.
- Technical understanding of proprietary software applications will be required in performing department functions.
Working Conditions: Work is performed in an office environment. Extended hours frequently required. To be considered for this position, please submit a cover letter and resume. A writing sample may be required as part of the submission. 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. 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.