Senior Specialized Examiner (Net Capital) recruitment
The Senior Specialized Examiner (Net Capital) will:
- The position serves as a policy adviser and technical authority regarding examinations of all aspects of complex broker dealers, with a focus financial and operational issue, particularly net capital (including Appendix E), possession and control, and custody requirements.
- Serve as a resource for NEP staff in the home office and regional offices when issues are encountered within the incumbent’s area of expertise.
- Conducts and directs compliance examinations of large and complex firms or those engaged in novel investment strategies or innovative business activities, with a focus on financial and operational requirements and controls.
- Conducts analysis, evaluates findings, and formulates conclusions about registrant’s compliance with statutory and regulatory requirements and effectiveness of risk management controls.
- Devises examination techniques for uncovering problems and probing areas that might be susceptible to abuses.
- Plans, organizes, and carries through to completion analytical studies of a breadth and intensity requiring subject matter expertise and in-depth subject matter knowledge.
- Travel is required
You MUST be a US Citizen with at least one year of specialized experience equivalent to at least the GS/SK-14 level applying rules relating to financial and operational issues, with particular emphasis on net capital (including Appendix E), possession and control, and custody requirements, as well as a broad knowledge of financial operations; applying the federal securities laws and rules and accounting principles in general as well as particularly those applicable to financial and operational matters at large complex firms; and performing financial reporting, market, credit, or operational risk management with respect to financial controls, or extensive experience auditing/examining such an institution’s risk management controls.
Preferred Experience:
- Broad knowledge of securities laws, and the rules and regulations promulgated pursuant to these statutes, with a particular emphasis on rules affecting financial and operational issues.
- Familiar with the overall structure of financial services regulation in the United States, includes the roles of the Commission, the Self-Regulatory Organizations (SRO), the Federal Reserve Board, and other government agencies.
- Particular knowledge of the laws and rules and accounting principles that apply to broker-dealers including net capital rules, alternative net capital rules (some familiarity of the Basel Capital Accord Standards), possession and control and custody requirements.
- Thorough knowledge of effective risk management controls at large complex financial institutions that impact financial and operational matters.
- Thorough knowledge of capital markets products and institutions.
- Knowledge of cash and derivative products, as well as, the manner in which these trade, and understanding of the structure of large and complex securities firms, and the role of the various control functions with the firm, including financial reporting and product control.
- Knowledge of significant financial reporting processes in large and complex broker-dealers.
- Strong written communication skills.
- Ability to work well in a team environment and lead a team of staff in auditing or examining large complex broker dealers, particularly with respect to financial and operational issues and related controls and risk management.
- The specific requirements are also listed in the assessment questionnaire which is part of the application.
For more information about the position and to apply, please visit our website:
http://www.sec.gov/jobs/ohr/job643849.html
Please use Vacancy Identification Number:643849
The closing date of this position is : May 21, 2012