Associate Director, Financial Disclosure & Trading
FINRA
Location: Nationwide
Through its administration of the Code of Conduct, the Ethics Office (“Office”) furthers FINRA’s independence and the integrity of its regulatory efforts. Having a broad financial services background with expertise in investment accounts and securities products, back-office compliance operations and a strong acumen for compliance technology systems, the Associate Director is charged with managing an assigned team of professional Ethics Analysts and a range of responsibilities conducted under the Office’s Financial Disclosure and Surveillance function. This includes interpretation of the related provisions of the Code of Conduct, employee financial disclosure management operations, administration of assigned compliance programs (e.g., financial disclosure, trading restriction and insider trading surveillance) and management of the relevant compliance technology systems. All such activities, inherently complex, are essential to the successful operation of the Office and provide significant contributions to this critical function of FINRA’s corporate governance.
Essential Job Functions:
Manages a team of professional Ethics Analysts and their performance of the assigned operations, compliance monitoring and/or surveillance functions over a range of responsibilities inclusive of: timely and accurate financial disclosures; quality control of electronic account feeds, receipt of duplicate account statement; employee trading; timely detection of violations (including completion of the related investigative activities, application of sanctions and tracking of such within the case management system); and reporting to senior management on performance analytics. Resolves complex issues and escalates non-routine issues to the Director.
For assigned program areas and as delegated by the Director, engages with the technology teams responsible for development and maintenance of the compliance systems and technologies applicable to areas of responsibility; includes communication of system performance issues, provision of design requirements for achievement of business objectives, testing of new enhancements; prioritization and monitoring of project roadmaps and ongoing review of backlogged system requirements.
As a source of expertise, drafts and recommends to the Director and Senior Director updates to relevant provisions of the Code for further review by the Audit Committee. Formulates and maintains current enterprise- wide guidance for publishing on FINRA’s intranet relating to these provisions.
Manages the staff’s consultations to candidates for hire by FINRA concerning the Code’s financial disclosure requirements and/or trading restriction policies, the availability of hardship waivers and requirements to be satisfied prior to starting work at FINRA. Provides written synopsis within case management system.
Supervises staff’s response to inquiries from FINRA staff; as needed, responds directly to executive level management. This includes personal consultations on financial disclosure and/or trading restrictions. Demonstrates poise in handling of sensitive matters escalated by staff, including difficult conversations with employees and managers at all levels. Escalates egregious, nuanced and/or sensitive matters to the Director.
As assigned, ensures timely maintenance of the electronic account feeds, investigating and resolving apparent issues.
Supervises the processing of policy waivers (e.g. prohibited securities waiver requests) and the related processing and monitoring. Ensures accuracy of the staff’s financial hardship analysis for such waiver requests and performance of related processing, monitoring and reporting to senior management; forms recommendations to solve complex issues.
Runs presentations geared towards aiding FINRA staff and managers avoid compliance missteps during Code of Conduct live trainings and webinars.
Other Responsibilities:
Presents regular reporting to the Director, Ethics Financial Disclosure and Trading and the Senior Director of Ethics on the timeliness and performance of designated areas of responsibility.
For assigned program areas, as delegated by the Director, represents the Ethics Office at meetings with technology staff.
Collaborates internally within Ethics and/or with other offices across FINRA, as appropriate, to provide consultation in areas of subject matter expertise, engage with stakeholders for assigned program areas and/or to resolve potential compliance issues. Supervise staff’s collaborations internally and/or with other offices across FINRA, to ensure accuracy of analyses and consultations provided.
Education/Experience Requirements:
Bachelor’s degree in Finance, Economics, or Business or equivalent work experience in the financial services industry. Expertise and experience in formal legal or business drafting is a plus.
Minimum of ten (10) years of experience in an ethics or compliance program in the securities industry with an emphasis on client investments or back-office operations.
Working knowledge of basic securities products, securities transactions, securities markets, and member firm operations.
Clear and concise verbal/written communication and project management skills are mandatory; excellent interpersonal skills.
Minimum of two (2) years of experience managing subordinate personnel.
Excellent time management skills including the ability to set and work towards deadlines.
Experience handling sensitive or confidential information.
Ability to quickly learn and interpret policies and procedures. Critical thinking with excellent research and analytical skills.
Proven ability to work independently with minimal supervision.
Proficiency in MS Office Suite products (including Word, Outlook, Excel and PowerPoint).
Ethics and Compliance certification from a recognized industry association preferred, will be sponsored if needed
Working Conditions:
Occasional travel may be required. Extended hours may be required.
For work that is performed in CA, CO, New York, NY and WA, 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 of $115,200, Maximum of $227,500
Colorado: Minimum of $104,500, Maximum of $189,600
New York, NY: Minimum of $125,400, Maximum of $227,500
Washington St: Minimum of $104,500, Maximum of $218,100
#LI-Hybrid
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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