Analyst III, Business Services Analyst, Transparency Services - New Yo

Financial Industry Regulatory Authority (FINRA)
New York
Oct 10, 2016
Oct 19, 2016
Employer Type
Direct Employer
Employment Type
Full Time
Job Board
We Work to Protect Investors. Join our Team.

The Financial Industry Regulatory Authority (FINRA) is seeking a well-qualified individual for our Business Services Analyst opening in New York, NY.

Job Summary:

The Analyst will be responsible for managing daily activities associated with both the Regulatory Systems Compliance and Integrity (Reg SCI) rule compliance and National Market System (NMS) activity on the Multi-Product Platform (MPP). Responsibilities include quarterly procedure reviews, annual SEC audits, tracking NMS and Alternative Trading Strategies System (ATS) activity, Trade Reporting Facility (TRF) performance, and communication with the TRFs in an effort to ensure TRF compliance with new and existing rules.

Essential Job Functions:

Reg SCI functions:

  • The analyst will be responsible for Reg SCI tasks related to the TRFs and the ADF such as quarterly procedure reviews, annual SEC audits and management of day to day Reg SCI events for equity products. The analyst will be responsible for tracking open items identified during TRF SCI reviews as well as helping identify potential "red flags" with the TRF Business Members' Reg SCI compliance programs. The analyst will coordinate with the Reg SCI analyst in Product Management to document and track Reg SCI events and assist Product Management in reporting events to the SEC.
  • The analyst will be responsible for gathering statistics from the TRFs for the quarterly Reg SCI report for the SEC and will work with Product Management to coordinate all needed materials, as well as work closely with Product Management to facilitate Reg SCI required traceability testing for equity products on the relevant facilities.
  • Responsibilities will also include assisting Product Management in assessing any new rules or changes to existing rules which will need to be include in the annual Reg SCI Traceability and Compliance testing.
NMS Program Management functions:

  • T he analyst will be responsible for crafting and maintaining daily, weekly and monthly reports tracking NMS and ATS activity, TRF performance, as well as for communicating with the TRFs on relevant monitoring measures (for example Latency monitoring). In addition, the Analyst will be responsible for NMS (ADF, TRF & ATS/OTC Transparency) webpages, making sure all content is available and up to date (including rules, rule filings, and documentation).
  • The analyst will take part in monthly compliance calls with the FINRA TRF and ADF participants, and be responsible for tracking outstanding or new issues raised during the calls, and assist their direct manager in any follow up needed to obtain resolution. The Analyst will be responsible for creating a status report for the department which tracks the escalation and completion of various tasks and issues.
  • The analyst will coordinate with a 3rd party assessor when periodic assessments of the TRF are being conducted and track any action items raised during the assessment. This will include providing the assessor with relevant documentation and procedures as well as coordinating logistics with both the assessor and the TRF Business Members.
Other Responsibilities:

Market Analysis:

  • The analyst will generate information related to, and monitor, market activity levels, composition, and trends for the equity and fixed income markets. The analyst will be responsible for providing updates to immediate manager as well as other managers or staff in the department on observations.
  • The analyst will be responsible for conducting in-depth ad hoc studies on specific events or general trends as requested for both the equity and fixed income markets. The analyst will be interfacing with other departments on the methodology and findings of these studies as needed, for example with Market regulation or the Office of the Chief Economist.
In addition to the responsibilities outlined above, the Analyst will also be responsible for:

  • Attending all cross department meetings so as to keep up to date on regulatory issues and to help determine any impacts for Equity Business Services;
  • Drafting memos for internal staff as well as sending regular correspondence to both ADF Participants and the TRF Business Members regarding capacity planning and quarterly compliance;
  • T racking the capacity planning process as well as properly recording and cataloguing relevant TRF and ADF policies and procedures;
  • Compiling and distributing reports to internal FINRA parties. These will include maintaining monthly Industry Volume reports that will be used to inform Senior Management and will be used for Board Meetings as well as for Corporate Communication data inquiries.
Education/Experience Requirements:

  • BA/BS degree or equivalent.
  • Experience: Five years of securities industry, financial or regulatory experience, or equivalent.
  • Market Knowledge: General knowledge of securities markets (equity as well as fixed income) is essential. The analyst needs to be knowledgeable of OTC Equity NMS rules and have an understanding of the different FINRA NMS Equity platforms (ADF & TRFs). The analyst will also be required to familiarize himself/herself with all trade reporting FAQs and any previous guidance issued on the topic.
  • Technical skills: Knowledge of Microsoft Office is required, with strong Excel skills essential.
  • General: The analyst needs to have good data analytical skills, as well as strong verbal and written communication skills (the role will communicate with management as well as with technical and operational teams). In addition, the analyst needs to have strong organizational skills and attention to detail.
Working Conditions:

Standard office 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.

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.


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