This job listing has expired and the position may no longer be open for hire.

FINRA Fall 2020 Externship (Unpaid) - Member Supervision Data Analytics & Technology - Office of Risk - NY at FINRA in New York, New York

Posted in Other 30+ days ago.

Type: Part-Time





Job Description:

We Work to Protect Investors. Join our Team.

FINRA is seeking a well-qualified individual for a Fall 2020 Externship opening with the Office of Risk in New York, NY. The Externship Program is UNPAID and students must receive school credit to be eligible to participate.

FINRA is dedicated to providing you an Externship opportunity to gain knowledge and experience in the securities industry with an employer that places a high value on the professional and personal growth of our employees. We set the bar high – we are looking for Externs who are strong academically, can bring results, and are committed to exceeding expectations. We need you to represent the highest standards of personal integrity and organizational values. If you would like to contribute to our important mission and work collegially in a professional organization that values intelligence, integrity and initiative, then consider an Externship with FINRA.

Job Summary:
The Office of Risk is responsible for supporting the design and delivery of an enhanced risk-based regulatory regime intended to bolster existing compliance based protocols. The goal is to better understand the business model specific risks embedded within the various segments of the broker/dealer community and to design appropriate risk measurement, management, and monitoring capabilities in line with emerging leading practices and regulatory standards. Along those lines, the primary objective of the Risk Office is to facilitate a migration towards a more risk sensitive regulatory program that supports:


  • An enhanced ability to identify, prioritize and proactively interdict risks as the emerge in the membership;

  • A risk-sensitive allocation of resources and focus based on robust risk analytics and a deeper understanding of firm and segment specific risks;

  • Targeted examination and surveillance efforts with an increased focus on risk and underlying controls; and

  • More efficient and effective regulatory operations via the mitigation of FINRA operational risks.

Essential Job Functions:


  • Quantitative/Risk analytics

  • Support Data Discovery, Collection, and Manipulation for several initiatives, including an event database for operational risk.

  • Participate in ad hoc special projects as requested.

Education/Experience Requirements:


  • The ideal candidate will be majoring in Finance, Economics, Business Administration, or Technology. Pursuing graduate studies preferred. Must receive school credit to be eligible to participate in the Externship program.

  • Strong Excel skills, VBA is a plus.

  • Programing experience in R/Python.

  • Basic SQL skills for data analytics.

  • Knowledge of the financial, brokerage or investment industry is a plus.

  • Effective communication, time management, and organizational skills.

  • Strong work ethic, positive attitude and professional demeanor.

  • Strong writing, analysis and presentation skills.

  • Ability to work with others to meet deadlines.

  • Ability to perform multiple tasks efficiently and accurately.

Working Conditions:


  • Work is normally performed in an office environment. Use of desktop PC is required.

  • Exciting, hands-on, challenging position and success-oriented work environment.

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.

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.

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

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.

©2019 FINRA. All rights reserved. FINRA is a registered trademark of the Financial Industry Regulatory Authority, Inc.