Surveillance Director

Finra

Updated: Wednesday, 10 Nov 2010, 9:05 PM EST
Published : Wednesday, 10 Nov 2010, 9:05 PM EST

BOSTON (FOX 25 / MyFoxBoston.com) - CLICK HERE TO APPLY FOR THIS JOB

Description:

We Work to Protect Investors. Join our Team. FINRA is seeking a well qualified individual for our Surveillance Director opening in Boston, Massachusetts. To be considered for this position, please submit your resume through our careers site at www.FINRA.org. No phone calls please.

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.
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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.
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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.
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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.
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Oversees development of risk-based initial examination scope and planning packages that address identified risks, and evaluation of the adequacy of firm corrective actions.
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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.

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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.
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Expert knowledge of FINRA and SEC rules and regulations, as well as generally accepted accounting principles.
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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).
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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
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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 disability-related application accommodations.
In addition to a competitive salary, comprehensive health & welfare benefits, and an incentive bonus, FINRA offers immediate participation and vesting in a 401(k) with company match; a company funded pension plan; tuition reimbursement 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.
About FINRA
The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA's mission is to protect America's investors by making sure the securities industry operates fairly and honestly. All told, FINRA oversees nearly 4,700 brokerage firms, about 167,000 branch offices and approximately 633,000 registered securities representatives.
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. We also perform market regulation under contract for the major U.S. stock markets, including the New York Stock Exchange, NYSE Arca, NYSE Amex, The NASDAQ Stock Market and the International Securities Exchange.
FINRA has approximately 3,000 employees and operates from Washington, DC, and New York, NY, with 20 regional offices around the country.
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.
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