The Manager is responsible for leadership, direction and management of staff conducting reviews and investigations of private placement filings. The Manager: (i) ensures that the day-to-day regulatory program functions are well planned, assigned and completed in a timely manner to achieve Department, FINRA and SEC objectives; (ii) develops and/or recommends a strategy to address regulatory risks associated with the administration of the review program and the application of relevant rules; (iii)... more details
The Manager is responsible for leadership, direction and management of staff conducting reviews and investigations of private placement filings. The Manager: (i) ensures that the day-to-day regulatory program functions are well planned, assigned and completed in a timely manner to achieve Department, FINRA and SEC objectives; (ii) develops and/or recommends a strategy to address regulatory risks associated with the administration of the review program and the application of relevant rules; (iii) ensures that staff has adequately addressed potential violations of the FINRA Rules and applicable federal securities laws in investigative matters; (iv) ensures that correspondences, such as inquiry letters and memos to Enforcement, are of high quality; (v) monitors work quality and timeliness of reviews and investigations as well as providing training and ongoing development to staff; (vi) ensures that staff is communicating and collaborating adequately and timely on private placement reviews, investigations and other related issues; and (vii) participates in and facilitates communications that result in positive outcomes with Member Supervision, Advertising Regulation, Enforcement and other departments.
This is advanced high-level professional work that requires mastery of technical business knowledge as well as managerial skills.
Essential Job Functions:
- Plan, manage, coordinate and participate in complex investigative functions, including reviewing discovery, securing and analyzing evidence, and briefing senior managers and other constituencies orally and in writing. Produce advanced, detailed work requiring limited supervision.
- Second review private placement filings received through the PPR program for compliance with the applicable standards and FINRA and Federal Securities laws. Provide constructive feedback and corrections on first reviews.
- Organize, execute, and lead complex research projects as assigned by Department management. Delegate and supervise project work to others. Contribute to policy and procedures on regulating capital formation, and in particular, current trends regarding unregistered offerings.
- Manage direct reports by: (1) overseeing their performance, helping them establish expectations and goals; providing assistance and guidance to meet the goals; (2) overseeing their day-to-day activities and ensuring they meet program, department and company standards, (3) providing technical expertise and guidance, developing their knowledge and skills, evaluating their reviews and investigations; providing review and investigative support, and mentoring; and (4) providing recommendations and decision-making.
- Advise Director and senior management of trends or issues that arise out of the review and investigative program. Take initiative to resolve or escalate issues as necessary.
- Keep current with regulatory and industry developments, particularly those that may require a review of current policies.
- Respond to and answer complex inquiries from internal staff and external stakeholders (members, attorneys, other regulators), particularly on the capital formation, relevant FINRA and Federal securities laws, and private placement products and industries.
- Develop, finalize and implement necessary procedures.
- Lead or participate in the development of technology enhancements for the PPR system and other applications or tools (e.g. gadgets, SharePoint).
- Monitor workflow by producing and evaluating (reports and data) to meet productivity standards.
- Support disciplinary proceedings involving PPR offerings by preparing and reviewing exhibits and providing subject matter expertise as necessary during hearings.
- Mentor and support other members of the Department in conducting their reviews and inquiries.
- Coordinate Department’s collaboration efforts with other FINRA departments and other regulatory organizations, as needed.
- Participate in a management capacity on telephonic inquiries from members, attorneys, district offices, the SEC, Exchanges, and the public.
Education/Experience Requirements:
- Bachelor’s Degree or equivalent; JD, MBA or graduate degree in finance preferred.
- 5 to 7 years of relevant experience, or the equivalent combination of experience and education, in a regulatory or legal environment with current working knowledge of the federal securities laws, particularly the Securities Act of 1933 and FINRA and SEC rules governing capital formation.
- Excellent oral and written communication skills.
- Demonstrated managerial skills is preferred along with a proven track record with thoughtful, reasoned decision-making.
- Excellent interpersonal skills and ability to produce effective communications.
Working Conditions:
- The Corporate Financing Department is a professional environment in which quality legal and investigative work is expected.
For work that is performed in CA, Washington, DC, CO, HI, New York, NY, WA and MD 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 $106,400, Maximum Salary $200,200
Washington, DC/Maryland: Minimum Salary $106,400 Maximum Salary $191,800
Colorado/Hawaii: Minimum Salary $92,500, Maximum Salary $166,800
New York, NY: Minimum Salary $111,000, Maximum Salary $200,200
Washington State: Minimum Salary $92,500, Maximum Salary $191,800
#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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