Regulatory Coordinator - Member Regulation, Sales Practice - New York,

Recruiter
Financial Industry Regulatory Authority (FINRA)
Location
New York
Salary
Competitive
Posted
Oct 12, 2016
Closes
Oct 19, 2016
Industry
Accounting
Employer Type
Direct Employer
Employment Type
Permanent
Hours
Full Time
Job Board
NYCityWorks.com
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.



Job Summary:

Regulatory Coordinators monitor and evaluate the financial, operational and sales practice conditions of member firms through continuous communication with member firm management and the review and analysis of financial reports, regulatory filings and other relevant data, with moderate supervision and guidance. This position requires frequent contact and interaction with management of assigned member firms. In addition, this entry level position is expected to gain competence with respect to the assessment of risks in our risk hierarchy and how each applies to assigned member firms.

Essential Job Functions:

  • Conduct continuous real-time risk identification of assigned member firms. Working knowledge in prioritizing risk, through an understanding of firm business activities, the risks associated with those business activities and the controls in place to mitigate those risks, with direct guidance and supervision.
  • Ongoing surveillance of assigned firms against material appropriate risks - considering relevant sales practice, business conduct and financial/operational risks.
  • Maintain an understanding of each risk in our risk hierarchy and how each applies to the assigned member firms working under direct guidance and supervision.
  • 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. Identify and recommend resolution to problem situations.
  • Review and analyze complaints, trends, registration data and other relevant data for member firms to identify potential problematic activity and provide FINRA management with current firm information and assist in resolving problem situations.
  • Provide guidance of FINRA, SEC and other rules to assist member organizations in conducting business within regulatory guidelines.
  • Actively participate in internal and external meetings on firms or examinations.
  • Manage his/her own time to ensure it is used effectively across the program.
  • Collaborate with examination staff, managers and other departments to analyze, communicate and make recommendations with respect to regulatory intelligence.
Education/Experience Requirements:

Grade Level 44:

  • Bachelor's degree or an equivalent combination of education and experience required. Major in Accounting, Finance, Business Administration, Economics or related field preferred; advanced degree/ certifications a plus.
  • Competency in risk analysis and proactive risk identification. Possess strong analytical skills.
  • Prior coordinator and examiner experience preferred.
  • Prior knowledge of rules and regulations relating to securities preferred.
  • Ability to analyze member organizations' financial, operational and sales practices for FINRA/SEA rule compliance.
  • Excellent interpersonal, written and verbal communication skills and computer proficiency are essential.
Grade Level 45:

  • Bachelor's degree or an equivalent combination of education and experience required. Major in Accounting, Finance, Business Administration, Economics or related field preferred; advanced degree/certifications a plus.
  • Competency in risk analysis and proactive risk identification. Possess strong analytical skills.
  • An ability in developing appropriate regulatory responses for risks.
  • Minimum of three years of securities, compliance or financial regulatory experience.
  • Prior coordinator and examiner experience preferred.
  • Knowledge of rules and regulations relating to securities.
  • Ability to analyze member organizations' financial, operational and sales practices for FINRA/SEA rule compliance.
  • Excellent interpersonal, written and verbal communication skills and computer proficiency are essential.
Working Conditions:

  • Work will be performed in an office environment.
  • Extended hours may be 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.



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 . 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..... click apply for full job details