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Financial & Operational Policy Analyst, Office of Financial & Operational Risk Policy

New York
Job Type
31 May 2021
The Financial & Operational Policy Analyst ("Analyst") is a primary point of consultation for FINRA examination and risk monitoring staff within the Office of Financial & Operational Risk Policy ("OFORP"). The Analyst is a subject matter expert and is responsible for providing technical and interpretive guidance to staff on broker-dealer financial and operational rules and practices. The Analyst advises staff on regulatory matters and issues pertaining to the application of FINRA and SEC financial responsibility and related rules, and financial accounting and reporting standards applicable primarily to small and medium sized broker-dealers. The Analyst works closely with other OFORP staff to develop and publish rules, interpretive and policy guidance on financial and operational matters.

Essential Job Functions:

* Researches and responds to interpretative questions, regulatory matters and issues pertaining to the application of FINRA and SEC financial, operational, recordkeeping and reporting rules, and financial accounting and reporting standards applicable to broker dealers.
* Actively participates in meetings with the SEC and other SROs and prepares summary reports.
* Independently research financial and operational rule related issues that may require updated guidance to existing rules.
* Drafting of rule interpretations and other documents to communicate technical guidance to FINRA staff and member firms.
* Provides technical guidance to staff in the drafting of regulatory and other referrals to other regulators.
* Contributes to the department's development of written educational and reference materials regarding financial and operational rules.
* Provide training of FINRA staff as a subject matter expert on financial and operational topics.
* Identify topics for discussion with FINRA committees. Conducts research, prepares presentation materials and presents assigned topics during committee meetings.
* Utilizes FINRA's data reporting tools to provide ad hoc review and analysis of financial data.
* Provides status reports of assigned matters or projects.

Other Responsibilities:

* Participates in ad hoc special projects and initiatives as requested.
* Assumes other duties as assigned by management.

Education/Experience Requirements:

* Bachelor's degree in accounting, finance, or business administration and nine (9) or more years of broker-dealer financial, operational, auditing, or regulatory experience; or an equivalent combination of education and experience.
* Overall knowledge of SEA Rules 15c3-1, 15c3-3, 17a-3, 17a-4, 17a-5 and 17a-11 required.
* Knowledge of broker dealer operational practices, including clearance and settlement, accounting and Net Capital, customer protection, margin and regulatory reporting requirements.
* Strong written and verbal communication skills.
* Excellent analytical ability.

Working Conditions:

* Work is performed in an office environment.
* Extended hours may be required.

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 . 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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