Regulatory Coordinator, TFCE Fin Ops-Market Regulation

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • FINRA
  • 21 Sep 16

We Work to Protect Investors. Join our Team. The Financial Industry Regulatory Authority (FINRA) is seeking a well-qualified individual for our Regulatory Coordinator opening in New York, NY or Chicago, IL. To be considered for this position, please submit your resume through our career site at www.finra.org/careers - no phone calls, please.

Job Summary:

 

With moderate supervision by senior staff, monitor and evaluate the financial, operational and sales practice condition of assigned FINRA member firms and member firms of FINRA’s RSA clients through continuous communication with firm management and the review and analysis of regulatory filings and  other relevant data, to ensure compliance with FINRA, SEC and Regulatory Services Agreement (“RSA”) client exchanges’ rules and regulations.  This is an entry-level professional position to competent-level professional position focused on refining and expanding skills and working under moderate supervision and guidance.

 

Essential Job Functions:

Develop the necessary skills and knowledge by participating in programs combining self-paced learning (both print-based and computer-based, On-the-Job Training (OJT) and classroom instruction, when available. Much of the training comes from hands on experience performing various tasks and reviews under the supervision and guidance of a senior staff member. 
Review and analyze financial reports, trends, registration information and other relevant data to ensure compliance with FINRA, SEC and other applicable rules and regulations, including RSA client exchanges’ rules.
Provide FINRA management with current firm information.  Play an active role in resolving problem situations for assigned firms.
 Act as a liaison with assigned firms.  Provide guidance related to applicable rules and regulations. Assist assigned firms in conducting business within regulatory guidelines.
Understand the regulatory risks related to business activities and products being offered by assigned firms.
With moderate supervision from management, identify assigned firms’ potential financial or operational difficulties as well as monitor and evaluate mergers, acquisitions, conversions and significant expansion of business.
With moderate supervision, prepare risk-based examination planning packages of assigned firms, actively participate in examination strategy meetings with examination staff and participate in the examination as appropriate.  For example, attend the examination initial meeting, exit meeting, interpretive discussions and meetings with firm personnel, as appropriate.
Review examination findings prior to issuing the final examination report to assigned firms’ senior management.
Along with examination staff and examination and surveillance management personnel, evaluate firms’ responses to examination reports for satisfactory corrective action and help determine whether further action is required.  Respond to firms in writing when responses are inadequate in order to request additional information.
With moderate supervision, review and analyze membership applications for the financial/operational/sales practice status of applicants.
Prepare and distribute daily monitoring reports issued by the department.

Essential Job Functions at higher grade level:

Review and analyze financial reports, trends, registration information and other relevant data to ensure compliance with FINRA, SECA and other applicable rules and regulations, including RSA client exchanges’ rules.
With limited supervision, identify assigned firms’ potential financial or operational difficulties as well as monitor and evaluate mergers, acquisitions, conversions and significant expansions of business.
Provide FINRA management with current firm information and actively assist in resolving problem situations for assigned firms.
Act as a liaison with assigned firms. Provide guidance related to applicable rules and regulations. Assist assigned firms in conducting business within regulatory guidelines.  
With limited supervision, prepare risk-based examination planning packages of assigned firms and actively participate in examination strategy meetings with examination staff and participate in the examination as appropriate.  For example, attend the examination initial meeting, exit meeting, interpretative discussions and meetings with firm personnel, as appropriate.
Review examination findings prior to issuing the final examination report to firms’ senior management.
Along with examination staff and examination and surveillance management personnel, evaluate firms’ responses to examination reports for satisfactory corrective action and help determine whether further regulatory action is required.  Respond to firms in writing when responses are inadequate in order to request additional information.
Maintain a comprehensive understanding of the regulatory risks related to business activities and products being offered by assigned firms.
With limited supervision, review and analyze membership applications for the financial/operational/sales practices status of applicants.Prepare and distribute daily monitoring reports issued by the department.

 

 

 

 

 

Qualifications

 

Education/Experience Requirements:

 

Bachelor’s Degree in Accounting, Finance or Business Administration preferred with a minimum of nine credits in accounting.

Three years of experience directly related to securities regulation, compliance or in an investigative role is highly preferred.  (Master’s Degree in Accounting or Finance can be considered towards experience.)

Ability to analyze assigned firms’ financial, operational and sales practice conditions for FINRA and SEC rule compliance is essential.

Strong interpersonal, written and verbal communication skills.

 

Education/Experience Requirements at higher grade level:

Bachelor’s Degree in Accounting, Finance or Business Administration preferred with a minimum of nine credits in accounting.

Four years of experience directly related to securities regulation, compliance or in an investigative role is highly preferred.  (Master’s Degree in Accounting or Finance can be considered towards experience.)

Ability to analyze assigned firms’ financial, operational and sales practices conditions for FINRA and SEA rule compliance is essential.

Strong interpersonal, written and verbal communication skills.

 

Working Conditions:

 

Work is normally performed in an office environment, with extended hours, when necessary.

Challenging work environment in that there is continuous learning and constantly changing landscape.

Team oriented work environment.

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.

 

Please note: If the “Apply Now” button on a job board posting does not take you directly to the FINRA Careers site, enter www.finra.org/careers into your browser to reach our site directly.

 

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.

 

Important Information

 

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. FINRA employees are required to disclose to FINRA all brokerage accounts that they maintain, and those in which they control trading or have a financial interest (including any trust account of which they are a trustee or beneficiary and all accounts of a spouse, domestic partner or minor child who lives with the employee) and to authorize their broker-dealers to provide FINRA with duplicate statements for all of those accounts. All of those accounts are subject to the Code’s investment and securities account restrictions, and new employees must comply with those investment restrictions—including disposing of any security issued by a company on FINRA’s Prohibited Company List or obtaining a written waiver from their Executive Vice President—by the date they begin employment with FINRA. Employees may only maintain securities accounts that must be disclosed to FINRA at one or more securities firms that provide an electronic feed (e-feed) of data to FINRA, and must move securities accounts from other securities firms to a firm that provides an e-feed within three months of beginning employment.

 

As standard practice, employees must also execute FINRA’s Employee Confidentiality and Invention Assignment Agreement without qualification or modification and comply with the company’s policy on nepotism.

 

 

About FINRA

 

 

 

FINRA is an independent, non-governmental regulator for all securities firms doing business with the public in the United States. FINRA works to protect investors and maintain market integrity in a public-private partnership with the Securities and Exchange Commission (SEC), while also benefiting from the SEC’s oversight. In its role as investor guardian, FINRA is informed, but not influenced, by the industry that it regulates. FINRA’s independent regulation plays a critical role in America’s financial system–all at no cost to taxpayers.

 

FINRA 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.

 

All told, FINRA oversees roughly 4,000 securities firms and more than 643,000 brokers.  FINRA performs various market regulation functions under contract for almost every equities market in the United States, including the New York Stock Exchange, NYSE Arca, NYSE MKT, NASDAQ, NASDAQ Options Market, NASDAQ OMX Philadelphia, NASDAQ OMX BX, BZX, BYZ, EDGA and EDGX Exchanges.

 

In addition, FINRA is responsible for regulating about 60 percent of the options market. FINRA performs various market regulation functions for the Chicago Board Options Exchange (CBOE), C2 Options Exchange and MIAX Options Exchange.

 

FINRA uses technology powerful enough to look across markets and detect potential abuses. Using a variety of data gathering techniques, we work to detect insider trading and any strategies firms or individuals use to gain an unfair advantage. In fact, FINRA processes, on average, 42 billion—and up to 75 billion—transactions every day to build a complete, holistic picture of market trading in the United States.

 

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.

 

FINRA has approximately 3,600 employees and operates from Washington, DC, and New York, NY, with 17 offices around the country.

 

Find out more about us and how we work—and view our current openings—at www.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

 

All qualified applicants will receive consideration for employment without regard to age, citizenship status, color, disability, marital status, national origin, race, religion, sex, sexual orientation, gender identity, veteran status or any other classification protected by federal state or local laws as appropriate, or upon the protected status of the person’s relatives, friends or associates.

 

FINRA abides by the requirements of 41 CFR 60-741.5(a). This regulation prohibits discrimination against qualified individuals on the basis of disability, and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified individuals with disabilities.

 

FINRA abides by the requirements of 41 CFR 60-300.5(a). This regulation prohibits discrimination against qualified protected veterans, and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified protected veterans.