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Counsel, Data Privacy & Protection at FINRA in Rockville, Maryland

Posted in Management 30+ days ago.

Type: Full-Time

Job Description:

The Data Privacy & Protection Office (the Privacy Office) is responsible for ensuring that FINRA meets or exceeds its legal and ethical obligations with respect to the security and use of information it collects while executing its responsibilities, fostering the confidence of firms, regulators, staff and the investing public. This attorney position is responsible for assisting with interpreting, advising on, monitoring and maintaining various privacy programs and activities at FINRA, at all times acting in an independent and confidential manner.

This is professional level work in which the incumbent is defining their assigned roles, sharpening their skills, and working under general guidance of the Senior Director and Counsel, Data Privacy.

Essential Job Functions:

  • Working closely with the Senior Director & Counsel, Data Privacy & Protection, provides legal advice on sophisticated and high-level initiatives throughout the organization.

  • Provides increasingly complex legal counsel for the Privacy Office on incidents.

  • Interacts with senior managers and employees in all departments across the company to provide legal advice on complex privacy and data security questions raised to the Privacy Office.

  • Escalates privacy and data security issues to the Senior Director and Counsel, Data Privacy and presents possible outcomes.

  • Identify and address potential privacy issues and makes recommendations to the Senior Director and Counsel and Associate Director, Privacy.

  • Participate in conducting comprehensive investigations of potential violations of FINRA’s privacy and data security policies, including participating in interviews with relevant players, creating draft summaries for case files, and working with relevant control departments to determine outcomes with the Associate Director and Senior Director and Counsel.

  • Back-up Senior Director & Counsel as legal privacy and data security subject matter expert. Support Privacy Office compliance efforts as primary back-up.

  • Serve as DPP’s primary liaison to several FINRA departments, providing privacy legal and operational support aimed to mitigate potential privacy risks in department operations.

  • Monitor legal changes and recommend updates to FINRA privacy policies and procedures to ensure compliance

  • Maintains FINRA’s internally and externally-facing privacy policies, including relevant application or system privacy policies.

  • Document location, date and accuracy of each privacy policy and ensure consistency among policies as well as consistency with company practices and procedures.

  • Ensure the privacy policies are current, reflect FINRA legal requirements, are clear and readable, and are appropriate for the audience and covered information.

  • Maintain currency on legal requirements applicable to privacy transparency and notices.

  • Annually reviewing the Privacy Office policies and procedures and supplemental guidance documents for accuracy.

  • Primary responsibility for vendor contract review/negotiation related to privacy issues. Provide support to the Office of General Counsel Transactions attorneys by reviewing, advising, editing and negotiating privacy terms in FINRA’s contracts.

  • Works closely with other Privacy Office team members on all activities associated with the Privacy Office to provide counsel and guidance, including:

  • Evaluating inquiries and providing guidance regarding the Privacy Office’s policy and procedural requirements, and reviewing the departments’ ongoing compliance with the Policy.

  • Determining appropriate responses to employee questions and requests.

  • Involvement in enterprise-wide training and communication efforts.

  • Management of escalated incidents requiring documentation.

  • Research and advise on legal obligations related to a potential breach, assisting with administrative response efforts, and documenting incidents as directed.

  • Supports the FINRA Information Privacy and Protection program and development of privacy program procedures and guidance materials.

Other Responsibilities:

  • Engage in other Privacy Office-related activities as needed.

  • Special projects as assigned.


Education/Experience Requirements:

  • Law degree and admission to the bar. Top academic credentials.

  • Four (4) years’ experience in in transactional, financial or administrative law, which includes 2 years' experience in privacy law.

  • Excellent oral/written communication, critical thinking, research and analytical skills.

  • Strong legal research skills.

  • CIPP/US or CIPM designation a plus.

  • Project management skills is desirable.

  • Experience handling sensitive or confidential information.

  • Working knowledge of privacy program operations and compliance functions.

  • Demonstrated experience effectively managing multiple deadlines and priorities; excellent organizational skill.

  • Ability to function effectively both independently and in a team environment.

  • Ability to maintain strict confidence and discretion while performing duties and responsibilities.

  • Proficiency in the use of Microsoft Office products.

  • Ability to remain current on changing requirements.


Work Conditions:

  • Normal office environment.

  • Work outside normal business hours sometimes required.

  • Occasional travel required.

  • Membership in a privacy industry association will be provided.

To be considered for this position, please submit an application.

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 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.

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