Regulatory Coordinator – Member Regulation recruitment
Description
We Work to Protect Investors. Join our Team.
FINRA is seeking a well qualified individual for our Regulatory Coordinator opening in our Boca Raton, FL location. To be considered for this position, please submit your resume through our careers site. No phone calls please. Essential Job Functions:
- Review and analyze financial reports and other relevant data to ensure compliance with FINRA and SEC rules and regulations.
- Identify member firms' potential financial or operational difficulties as well as monitor and evaluate mergers, acquisitions, conversions and significant expansions of business.
- Review and analyze complaints, trends, registration data and other relevant data.
- Provide FINRA management with current firm information and assist FINRA management in resolving problem situations.
- Act as a liaison with assigned member firms, provide interpretations of FINRA rules, SEC rules and other applicable regulations, and assist member firms in conducting business within regulatory guidelines.
- Prepare risk-based examination planning packages of assigned member firms, conduct planning meetings and participate in member firm examinations.
- Review, analyze, and communicate examination findings to member firms' senior management.
- Evaluate firm responses to examination reports to determine if corrective action is satisfactory and if further regulatory action is warranted.
- Analyze and evaluate new products to determine compliance with established rules and regulation.
- Review and analyze membership applications for the financial/operational/sales practices status of applicants.
- Coordinate implementation of RQR responses affecting surveillance staff, including updating Coordinator procedure manual.
- Take a leadership role in special projects, surveys, committee assignments and technology initiatives.
- Train new surveillance staff members, including cross-training participants and new coordinators; advise and assist other coordinators in monitoring and analyzing assigned member firms.
- Supervise Unit's Surveillance Assistant/Associate Regulatory Coordinator, including evaluating performance in completing assigned duties; supervise Summer Intern and/or other support staff.
- Assist Surveillance Directors in Alert Reporting process, including identifying firms that qualify for Alert/Early Warning List, establishing interim reporting and reviewing drafts of Alert Report.
- Participate in planning examinations of assigned member firms and attend planning meetings for non-assigned firms as proxy for Surveillance Director, when needed.
- Attend exam exit meetings, interpretive discussions and meetings with member firms as proxy for Surveillance Director, when needed.
- Assist Surveillance Director in review of new firm applications, Enforcement Undertakings and Enforcement Referrals, and similar items.
- Work with division staff on special projects, as requested.
Qualifications
Education/Experience Requirements:
- Bachelor's Degree in Accounting, Finance or Business Administration preferred with a minimum of six credits in accounting.
- A minimum of four years directly related experience in accounting, regulatory reporting, SEC Rules 15c3-1 (Net Capital) 15c3-3 (Customer Protection) and SEC Rule 17a-5 FOCUS. Directly related experience in a regulatory, compliance or investigative role is highly desired, with securities industry experience preferred. A minimum of six years of securities, compliance or financial regulatory experience is required to be eligible for the Principal Regulatory Coordinator position.
- Knowledge of rules and regulations relating to securities.
- Ability to analyze member and member firms' financial, operational and sales practices for FINRA and SEC rule compliance.
- Strong written and verbal communication skills.
- Ability to independently examine major areas of member organizations.
- Working knowledge of PC computer preferred.
Working Conditions:
- Work is normally performed in an office environment, with extended hours, when necessary.
- Some travel 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
December 12, 2011
• Tags: Accounting & Finance careers in the USA, Member Regulation recruitment, Regulatory Coordinator • Posted in: Financial