Assistant General Counsel, Regulatory

FINRA•Jersey City, DC

12d•Hybrid

About The Position

Render senior-level legal advice and support in connection with the complete life cycle of the adoption of new regulatory initiatives, and serve as subject matter resource in one or more areas of legal expertise. This is senior-level professional work in which incumbents are developing their roles, increasing their skills, assuming increased responsibility, and working under general guidance. Essential Job Functions: With limited oversight, advise the Board of Governors and FINRA advisory committees with respect to complex and sensitive regulatory initiatives and rule changes under consideration by the Board. Assist in briefing and communicating complex and sensitive regulatory initiatives to senior executives of FINRA. Must be able to provide such analysis under urgent deadlines. Serve as a source of legal expertise within FINRA in many subject areas and provide expert advice on questions in these subject areas. Prepare Board materials that contain sophisticated analyses and discussions of competing policy or political considerations necessary for the informed judgment of the issues by the Board. Review and draft new rule proposals with greater independence; gather and incorporate views of industry participants, other regulators, senior staff and other interested parties; and prepare rule filings to the SEC. Work closely with Regulatory Economics and Market Analysis (REMA) in conducting economic impact assessments of rulemakings. Together with senior-level OGC attorneys, meet with senior staff of SEC, industry groups and other interested parties concerning regulatory initiatives. Represent FINRA before industry groups. Prepare Regulatory Notices, rule guidance and other correspondence with member firms, their outside counsel and other interested parties. Conduct and oversee legal and other research into matters of regulatory policy as necessary to (1) develop rule proposals and to respond to internal and external comments, and (2) respond to interpretive and exemptive requests. Identify and present original, creative, innovative and sophisticated solutions and proposals for changes to existing rules, including the elimination or reduction of unnecessary regulation and the adoption of new rules. Serve as liaison to FINRA advisory committees as assigned. Keep abreast of and analyze SEC, industry and other self-regulatory organization initiatives, and develop and maintain strong working relationships with SEC staff and other regulators. Attend and speak at regulatory policy public conferences and meetings of FINRA advisory committees on areas of subject matter expertise. Demonstration of FINRA’s values Collaboration, both in-person and virtually, in furtherance of FINRA’s mission of investor protection and market integrity Other Responsibilities: Lead or participate in ad hoc special projects and initiatives as requested. Provide status reports of assigned matters or projects. Develop communications as needed for Chief Legal Officer and other senior management. Provide and implement suggestions to increase efficiency and effectiveness of office procedures. Train and mentor other attorneys, regulatory analysts, legal assistants, and administrative assistants in OGC.

Requirements

A law degree and appropriately licensed to practice law in all applicable jurisdictions based on the relevant licensing requirements.
A minimum of eight years of directly related legal experience.
Advanced knowledge of laws, rules, and regulations governing the securities industry.
Strong organizational skills.
Excellent oral and written communication skills.
Excellent judgment, analytical, and interpersonal skills.

Responsibilities

Advise the Board of Governors and FINRA advisory committees with respect to complex and sensitive regulatory initiatives and rule changes under consideration by the Board.
Assist in briefing and communicating complex and sensitive regulatory initiatives to senior executives of FINRA.
Serve as a source of legal expertise within FINRA in many subject areas and provide expert advice on questions in these subject areas.
Prepare Board materials that contain sophisticated analyses and discussions of competing policy or political considerations necessary for the informed judgment of the issues by the Board.
Review and draft new rule proposals with greater independence; gather and incorporate views of industry participants, other regulators, senior staff and other interested parties; and prepare rule filings to the SEC.
Work closely with Regulatory Economics and Market Analysis (REMA) in conducting economic impact assessments of rulemakings.
Together with senior-level OGC attorneys, meet with senior staff of SEC, industry groups and other interested parties concerning regulatory initiatives.
Represent FINRA before industry groups.
Prepare Regulatory Notices, rule guidance and other correspondence with member firms, their outside counsel and other interested parties.
Conduct and oversee legal and other research into matters of regulatory policy as necessary to (1) develop rule proposals and to respond to internal and external comments, and (2) respond to interpretive and exemptive requests.
Identify and present original, creative, innovative and sophisticated solutions and proposals for changes to existing rules, including the elimination or reduction of unnecessary regulation and the adoption of new rules.
Serve as liaison to FINRA advisory committees as assigned.
Keep abreast of and analyze SEC, industry and other self-regulatory organization initiatives, and develop and maintain strong working relationships with SEC staff and other regulators.
Attend and speak at regulatory policy public conferences and meetings of FINRA advisory committees on areas of subject matter expertise.
Lead or participate in ad hoc special projects and initiatives as requested.
Provide status reports of assigned matters or projects.
Develop communications as needed for Chief Legal Officer and other senior management.
Provide and implement suggestions to increase efficiency and effectiveness of office procedures.
Train and mentor other attorneys, regulatory analysts, legal assistants, and administrative assistants in OGC.

Benefits

Employees may be eligible for a discretionary bonus in addition to base pay.
Non-exempt employees are also eligible for overtime pay in accordance with federal, state, or local law.
As part of its dedication to employee wellness, FINRA provides comprehensive health, dental and vision insurance.
Additional insurance includes basic life, accidental death and dismemberment, supplemental life, spouse/domestic partner and dependent life, and spouse/domestic partner and dependent accidental death and dismemberment, short- and long-term disability, long-term care, business travel accident, disability and legal.
FINRA offers immediate participation and vesting in a 401(k) plan with company match and eligibility for participation in an additional FINRA-funded retirement contribution, tuition reimbursement, commuter benefits, and other benefits that support employee wellness, such as adoption assistance, backup family care, surrogacy benefits, employee assistance, and wellness programs.
Time Off and Paid Leave FINRA encourages its employees to focus on their health and wellness in many ways, including through a generous time-off program of 15 days of paid time off, 5 personal days and 9 sick days, unless otherwise required by law (all pro-rated in the first year).
Additionally, we are proud to support our communities by providing two volunteer service days (based on full-time schedule).
Other paid leave includes military leave, jury duty leave, bereavement leave, voting and election official leave for federal, state or local primary and general elections, care of a family member leave (available after 90 days of employment); and childbirth and parental leave (available after 90 days of employment).
Full-time employees receive nine paid holidays.

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