Surveillance Director – Member Regulation recruitment
Job Summary:
Surveillance Directors are leaders who ensure that regulatory programs identify and address current and emerging risks at broker-dealers. Leveraging FINRA's cutting-edge surveillance technologies and data capture, and active management of professional staff, Surveillance Directors manage and monitor the analysis and assessment of FINRA member firms' finances, operations, sales practices, controls and systems. This position requires an in-depth understanding of broker-dealers' business models, products and practices; excellent leadership, analytical and communication skills; consistently high productivity levels and work quality frequently under tight deadlines; and a strong commitment to FINRA's mission of investor protection and market integrity.
Essential Job Functions:
- Directly manages professional staff in the Regulatory Coordinator job family (some of whom may be located in other FINRA offices); recruits, hires, coaches, and manages performance and development. Accountable for effective oversight of member firms' financial and operational areas to ensure compliance with FINRA and SEC rules and regulations. Provides FINRA senior management with updates and briefings on current firm information.
- Directly manages monitoring and evaluation of the financial and operational conditions, and sales practice activities of member firms through the review and analysis of financial reports and other relevant data.
- Leads District Office regulatory surveillance program through direct involvement; ensures the program encompasses the full scope of firms' key business activities (a broad spectrum of business models; ownership and affiliate relationships; sales practice, financial and operational concerns; risk management controls, among others) to assess and address current and emerging risks and compliance with applicable rules and regulations.
- Supervises the activities of Regulatory Coordinators in assessing the adequacy and monitoring the execution of firms' internal risk controls. Coaches and guides staff in identification of current or emerging firm risks, determination or risk exposures, and risk-based supervision of broker-dealers. Interacts with firm executive management regarding risk management strategies.
- Ensures material changes in firms' products, business lines, business expansions and mergers/ acquisitions are noted, and the impact on firms' risk profile continually assessed.
- Keeps senior management aware of notable developments at firms. Identifies emerging trends, risks and issues for industry segments; leads evaluation of new products and practices.
- Oversees development of risk-based initial examination scope and planning packages that address identified risks, and evaluation of the adequacy of firm corrective actions.
- Participates in development and execution of District Office educational initiatives.
- Supports the District and Deputy Director in the leadership and administration of the District Office.
Qualifications
Education/Experience Requirements:
Bachelor's degree in Finance, Accounting, Business Administration or a related discipline with a minimum of nine (9) accounting credits (or demonstrated accounting proficiency) required. Advanced degree preferred.
- Ten or more years directly related experience in a securities, finance, regulatory or auditing role is preferred. Minimum of five (5) years supervisory experience and a proven ability to coach and evaluate staff.
- Expert knowledge of FINRA and SEC rules and regulations, as well as generally accepted accounting principles.
- Directly related experience in accounting, broker-dealer risk management, regulatory reporting, SEC Rules 15c3-1 (Net Capital), 15c3-3 (Customer Protection, including exemptive provisions) and 17a-5 (Reporting Requirements).
- Series 27 is preferred but not required.
Excellent leadership, interpersonal, and communication skills and competence with office software applications are essential. Expert knowledge of securities industry rules, regulations and guidelines required.
Working Conditions:
Work is normally performed in an office environment at FINRA premises or, occasionally, at firms' offices. Extended hours are frequently required. Occasional overnight 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.
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.