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Senior Vice President of Market Regulation Enforcement - Rockville, MD or New York, NY or Chicago, IL at FINRA

Posted in Police/Fire/Emergency 30+ days ago.

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Type: Full-Time
Location: Rockville, Maryland

Job Description:

We Work to Protect Investors. Join our Team.

 

The Financial Industry
Regulatory Authority (FINRA) is seeking a well-qualified individual for our Senior Vice President of Market Regulation Enforcement opening in Rockville, MD or New York, NY or Chicago, IL. To be considered
for this position, please submit your resume through our career site at
www.finra.org/careers – no phone calls, please.

 

Job Summary:


The SVP of Market Regulation Enforcement (“SVP-Market Reg”) supervises
the specialized attorneys and managers who are dedicated to counseling Market
Regulation staff and resolving disciplinary matters arising from surveillance
and examinations by the Department of Market Regulation.  The SVP-Market Reg provides senior level
guidance on the appropriate resolution of Market Regulation matters, and
facilitates an ongoing dialogue about decision-making to achieve timely and
foreseeable Enforcement outcomes in accordance with the department’s priorities
and principles.  The SVP-Market Reg works
closely with the EVP and the Deputy Head of Enforcement in monitoring and
advising on high-impact and noteworthy investigations that originate from the
Market Regulation docket. 

 

The SVP-Market Reg has primary responsibility for ensuring
that Enforcement provides exemplary client service to FINRA’s RSA clients, and
is charged with having a deep specialized understanding of each RSA client’s
rules, program, priorities and needs. 
The SVP-Market Reg is also primarily responsible for Enforcement’s daily
collaboration with the Department of Market Regulation, and works closely with
Market Regulation leadership to facilitate effective communicate and
partnership.

 

Essential skills include the ability to communicate
effectively across the department, to successfully collaborate with senior
management in other departments, to monitor and enhance client service to RSA
clients, to lead change across the department, and to oversee the efficient
execution of complex Market Regulation enforcement matters.  


Essential Job Functions:


The SVP-Member Reg assists the EVP of Enforcement to define examination-
and risk-based program goals and priorities, and to communicate them to the
entire department.  The SVP-Member Reg
works closely with the specialized Member Regulation unit to achieve outcomes
that are consistent with the examination program’s objectives and risk-based
approach, facilitating decision-making that is consistent with FINRA’s
priorities, guiding principles, and Sanction Guidelines.  The SVP-Member Reg works closely with Member
Regulation senior management to facilitate effective daily collaboration,
including early onboarding and counseling by Enforcement attorneys, efficient
sharing of documents and information, effective investigations and timely
resolutions.  The SVP-Member Reg works
closely with the Deputy Chief and other SVPs of Enforcement to effectively
communicate the department’s priorities and provide real-time feedback and
updates to the department on high risk firms, emerging issues, new strategies
for urgent and high risk matters, challenges and “lessons learned.” 



The SVP-Member Reg manages the Chief Counsels who supervise directors and
attorneys specializing in Member Regulation matters, ensuring maximum productivity
and effectiveness with a large and complex caseload.  The SVP-Member Reg oversees the recruitment
and professional development of the managers and attorneys in the group, and is
responsible for the culture and work ethic of the team. 

 

Essential Job Functions:


The SVP-Market Reg assists the EVP of Enforcement to define market
regulation-related program goals and priorities, and to communicate them to the
entire department.  The SVP-Market Reg
works closely with the specialized Market Regulation unit to achieve outcomes
that are consistent with each client’s priorities and programs.  In FINRA matters, the SVP-Market Reg focuses
on decision-making that is consistent with FINRA’s priorities, guiding principles,
and Sanction Guidelines.  In RSA and
cross-market matters, the SVP-Market Reg focuses on recommending resolutions
that achieve each client’s objectives while minimizing the impacts on member
firms of multiple regulatory requests and investigations.  The SVP-Market Reg works closely with Market
Regulation senior management to facilitate effective daily collaboration,
including early onboarding and counseling by Enforcement attorneys, efficient
sharing of documents and information, effective investigations and timely
resolutions.  The SVP-Market Reg works
closely with the Deputy Chief and other SVPs of Enforcement to effectively
communicate the department’s priorities and provide real-time feedback and
updates to the department on legal developments, achievements, emerging issues,
RSA client developments, challenges and “lessons learned.” 



The SVP-Market Reg manages the Rockville-, Chicago- and New York-based Chief
Counsels who supervise directors and attorneys specializing in Market
Regulation matters, ensuring maximum productivity and effectiveness with a
large and complex caseload.  The SVP-Market
Reg oversees the recruitment and professional development of the managers and
attorneys in the group, and is responsible for the culture and work ethic of
the team. 

 

Specific responsibilities include:


  • Providing direction and management to specialized Market
    Regulation Enforcement attorneys and managers, to maximize productivity and
    cost-effectiveness, and achieve timely and foreseeable high-quality Enforcement
    outcomes.  This includes looking for
    opportunities to enhance effectiveness through cross-staffing and specialized
    assignments, and soliciting and providing feedback to staff based on
    observations from managers outside the SVP-Market Reg’s direct reporting lines.

  • Serving as the primary senior Enforcement liaison with RSA
    clients to develop in-depth knowledge of each clients’ program, priorities and
    needs.  Meeting regularly with RSA
    clients and facilitating effective communications regarding case and docket
    aging, status and developments. 

  • Monitoring the reporting provided to each RSA client to
    ensure client service; developing and reviewing content for presentations and
    reports to RSA clients; representing Enforcement at ROC and/or BCC meetings as
    needed.

  • Monitoring all Enforcement department staff for compliance
    with RSA client requirements such as specialized training and attestations.

  • Serving as the primary senior Enforcement liaison with
    senior management across Market Regulation, to understand each business unit’s
    priorities and needs, and to communicate market regulation-related priorities,
    risks, emerging issues, and sensitivities to the Enforcement department as a
    whole.

  • Partnering with Enforcement senior management to identify
    and monitor high-profile or noteworthy cases on an ongoing basis, and provide
    ongoing updates to the EVP of Enforcement and the Enforcement department.

  • Managing teams or staff members outside the specialized unit
    as needed to achieve a coordinated approach to similar matters or issues.

  • Together with the rest of Enforcement senior management,
    identifying matters involving complex legal theories in order to escalate and
    coordinate as needed, including monitoring developments, communicating with
    other departments and/or other regulators, and advising on risks and outcomes.

  • Serving as a key source of legal expertise within FINRA on
    market regulation-related Enforcement matters.

  • Representing the EVP of Enforcement and other senior
    Enforcement managers with other regulatory agencies and outside organizations,
    as appropriate.

  • Providing performance feedback to other senior managers
    within and outside Enforcement.

  • Reviewing dockets and reports, and meeting regularly with
    senior Enforcement staff to identify high-priority matters.

  • Meeting with Market Regulation Enforcement teams to discuss
    high-priority matters throughout the lifecycle of the matter.

  • Assisting in the assignment and supervision of certain
    high-priority matters.

  • Leading change in the Enforcement program by focusing on
    risk-based Enforcement decision-making and analytical rigor.

  • Deepening and enhancing the working relationships and
    teamwork between Enforcement and the Department Market Regulation.

  • Leading special projects and producing special reports at
    the request of the Head of Enforcement.

  • Attending and speaking at outside legal and industry
    regulatory conferences and FINRA meetings and speaking to the press and the
    industry on enforcement matters as needed.

Education/Experience Requirements:


  • Position requires a law degree, superior academic
    credentials, and admission to the bar of the highest court of the District of
    Columbia or state.  Requires a minimum of
    10 years of related complex litigation experience in a regulatory or compliance
    role, as an attorney or investigator, comprised of:


    • A minimum of seven of the years spent working for a regulatory entity, member
      firm or law firm, with direct involvement in securities enforcement
      matters.  

    • A minimum of seven years managing, leading and directing employees in a senior
      capacity in a team environment.  


  • Candidate must demonstrate superior investigative and legal skills and be able
    to prioritize a complex workload, make difficult decisions, and resolve
    difficult issues regarding the Department. 
    Excellent, interpersonal, organizational, and oral and written
    communication skills are essential.

Working Conditions:


  • Work is normally performed in an office environment with some travel requirements.

  • Extended hours will be required on a regular
    basis.  

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.

 

Please note: If the
“Apply Now” button on a job board posting does not take you directly to the
FINRA Careers site, enter
www.finra.org/careers into your browser to
reach our site directly.

 

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 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. 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 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 operates
from Washington, DC, and New York, NY, with other offices around the country.

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

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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