Job Abstract

Essential Job Functions:

• Actively supervises the activities of Risk Monitoring Analysts in their conduct of risk monitoring activities, front-line responsibility for timeliness, precision and quality of risk assessments, related reports, intelligence, and regulatory responses shared with Risk Monitoring, Examinations and other departments for a portfolio of firms within a Firm Group or sub-group.
• Oversees development of risk-based Regulatory Responses that addresses identified risks and evaluation of the adequacy of firm corrective actions to assist with Examination Strategy.
• Implements and provides direction on the goals and objectives for a risk monitoring program specific to firms in a Firm Group or Sub-Group’s Risk Monitoring team, effectively collaborates and coordinates with Single Point of Accountability and Head of Risk Monitoring (Firm Group), while managing activities of downline staff to ensure the goals and objectives are met.
• Ensures exam strategy includes applicable risks and that corrective action is taken.  
• Day-to-day management, directing completion and outcome of continuous real-time risk identification for a portfolio of member firms. Ensures the accurate prioritization risk, through an understanding of firm business activities, the risks associated with those business activities and the controls in place to mitigate those risks; oversees development and execution of regulatory responses (i.e., firm meetings, exams, heightened supervision, etc.). 
• Serves as primary resource to Single Point of Accountability needs for updates, responsible for identifying and surfacing key or emerging issues within sub-groups, and briefings on current firm information.  Actively communicates, supports and implements corporate, division and department decisions.
• Responsible for overseeing coordination with Membership Application Program (MAP) group and responsible for timeliness and quality of risk monitoring work in MAP applications and resolving other material business changes.  In addition, represent the Firm Group/sub-group in all complex and elevated risk FINRA member interviews.
• Manages the development and mentoring of Risk Monitoring staff; review and input into development plans for execution staff; responsible for preparation, submission and delivery of performance evaluations for execution staff.
• Serve as a proxy for SPoA in meetings on firms or examinations, as well as day-to-day interactions with external regulatory agencies and other related stakeholder organizations. 
• Along with risk monitoring senior management in a Firm Grouping, is responsible and accountable for the process of interviewing, onboarding and retaining staff.
• Participate in industry conferences and meetings in support of FINRA outreach initiatives.
• Manages and provides direction to support special projects, surveys, committee assignments and technology initiatives impacting Risk Monitoring (i.e. the identification of technology needs by Risk Monitoring and the development of Business Requirements).

Education & Experience Requirements:

• MBA, JD, other graduate degree and/or relevant industry certification(s) preferred.
• Bachelor's Degree or an equivalent combination of education and experience required. Major in Accounting, Finance, Economics, Business Administration, or related fields preferred.
• Demonstrated advanced working knowledge of the securities and/or financial-related industry required with substantive experience related to a FINRA firm grouping preferred.  Has participated in or led Finance or Business specific projects, directing Associates; Can lead a variety of projects across multiple disciplines/businesses.

Knowledge Requirements:

• Strong working knowledge of securities industry rules, regulations and related guidelines, including:
• Advanced knowledge of FINRA's nine risk fundamentals 
• Advanced knowledge of securities rules and regulations
• Advanced knowledge of firm business models, business lines, customer bases, products and services
• Intermediate-to-Advanced knowledge of U.S. GAAP accounting standards

Skills Requirements:

• Ability to anticipate how material industry risks are manifested, identify trends and patterns for firms in a Firm Group or sub-group, design and implement methods necessary for proactive risk identification and advise and consult effective regulatory responses necessary to address such risks.
• Proficiency of Microsoft Office suite of applications
• Exemplifies the FINRA Leadership Characteristics and serve as a role model for staff in the department
• Strong leadership skills, including the ability to deal effectively with people, to make decisions, and find solutions, to encourage and support change, and to deal with problem situations involving member firms and individuals in situations
• Ability to manage risk monitoring execution staff and effectively influence while providing advice and guidance
• Ability to manage a team of direct reports responsible for execution of risk monitoring program components for a portfolio of firms. Provides support, coaching, and counsel to the team. Manages the development of team members by authoring and assigning goals, conducting periodic coaching and feedback reviews, and administering annual performance evaluations
• Work independently, possess strong project management and organizational skills
• Self-starter and able to administer a number of complex assignments related to their firm portfolio, as well as special projects, concurrently, including unstructured assignments that require autonomy and independent judgment
• Excellent written and verbal communication skills, including interpersonal skills and presentation skills
• Establish and maintain effective working relationships at all levels inside and outside the organization
• Strong interpersonal, negotiation, and diplomacy skills, with a high comfort level in relations with FINRA senior staff, while directing Risk Monitoring execution staff from multiple locations

For work that is performed in CA, Washington, DC, CO, HI, New York, NY and WA, the chart below outlines the proposed salary range for the corresponding location. In addition to location, actual compensation is based on various factors, including but not limited to, the candidate’s skill set, level of experience, education, and internal peer compensation comparisons.

California: Minimum Salary $146,200, Maximum Salary $296,100

Washington, DC: Minimum Salary $146,200, Maximum Salary $283,800

Colorado/Hawaii: Minimum Salary $127,300, Maximum Salary $246,600

New York, NY: Minimum Salary $152,700, Maximum Salary $296,100

Washington: Minimum Salary $127,300, Maximum Salary $283,800

#LI-Hybrid

To be considered for this position, please submit an application. Applications are accepted on an ongoing basis.

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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Employees may be eligible for a discretionary bonus in addition to base pay. FINRA provides comprehensive health, dental and vision insurance.  Additional insurance includes basic life, accidental death and dismemberment, supplemental life, spouse/domestic partner and dependent life, and spouse/domestic partner and dependent accidental death and dismemberment, short- and long-term disability, long-term care, business travel accident, disability and legal.  FINRA offers immediate participation and vesting in a 401(k) plan with company match and eligibility for participation in an additional FINRA-funded retirement contribution, tuition reimbursement and many other benefits. 

Time Off and Paid Leave*

FINRA encourages its employees to focus on their health and wellness in many ways, including through a generous time-off program of 15 days of paid time off, 5 personal days and 9 sick days (all pro-rated in the first year). Additionally, we are proud to support our communities by providing two volunteer service days (based on full-time schedule). Other paid leave includes military leave, jury duty leave, bereavement leave, voting and election official leave for federal, state or local primary and general elections, care of a family member leave (available after 90 days of employment); and childbirth and parental leave (available after 90 days of employment). Full-time employees receive nine paid holidays.

*Based on full-time schedule

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.

You can read more about these restrictions here.

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.

Search Firm Representatives

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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.

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