Attorney - Broker-Dealer Finance

Securities and Exchange Commission•Washington, DC

About The Position

The Division of Trading and Markets (TM), Office of Broker-Dealer Finance (OBDF), is hiring an Attorney-Adviser (Attorney - Broker-Dealer Finance) for the Office of Policy Regulation and Inspection (OPR), formerly the Office of Broker-Dealer Financial Responsibility. OPR administers wide-ranging elements of TM’s financial responsibility regulatory program for broker-dealers and works closely with other federal regulators, self-regulatory organizations (SROs), state securities regulators, investor advocacy groups, and industry groups. The office also assists TM staff with legal, policy, and administrative matters and leads or facilitates special projects across TM, including matters involving multiple offices within and outside the Division. The attorney will perform a broad range of duties concerning broker-dealers, including leading rulemaking initiatives and special projects and reviewing draft rulemakings from other federal agencies. Project leadership may involve significant drafting and editing. The position also addresses interpretive and no-action requests, SRO rule filings, examination findings, enforcement cases, emerging issues involving non-security crypto assets and broker-dealer financial responsibility, coordination with U.S. and international regulators, and matters arising under the Securities Investor Protection Act of 1970.

Requirements

Possess a J.D. or LL.B. degree.
Be an active member in good standing of the bar in a U.S. state, territory, the District of Columbia, or the Commonwealth of Puerto Rico.
Have at least three years of post-J.D. work experience independently identifying legal issues, providing legal analyses and solutions or recommendations, and preparing legal documents such as memoranda and presentations.
Have at least two years of experience interpreting, applying, and explaining laws, rules, and regulations governing the securities industry, particularly the Securities Exchange Act of 1934 and related SRO rules; OR developing and justifying recommendations or conclusions concerning federal, state, or local law regarding financial institutions, including relevant litigation or enforcement experience or similar experience in banking, commodities, or corporate matters.
Be a U.S. citizen.
Meet applicable Selective Service requirements for males born after December 31, 1959.
Complete a pre-employment security investigation; favorable background-investigation results may be a condition of employment or selection to another position.
Report to the listed duty station(s).
Submit required application materials by the announcement closing date and meet all qualification requirements by that date.
Provide transcripts or other documentation supporting educational claims; foreign education used to meet requirements must be evaluated by a qualified private organization.

Responsibilities

Lead projects concerning broker-dealers, including rulemaking initiatives and special projects, and review draft rulemakings from other federal agencies.
Draft and edit materials for projects, potentially involving significant drafting and editing responsibilities.
Review and evaluate interpretive and no-action requests regarding broker-dealer operations and financial responsibility.
Draft responses to interpretive and no-action requests regarding broker-dealer operations and financial responsibility.
Review and evaluate self-regulatory organization rule filings, including filings related to margin requirements.
Review and evaluate preliminary examination findings and enforcement cases related to broker-dealer operations and financial responsibility.
Participate in emerging matters involving non-security crypto assets and broker-dealer financial responsibility requirements, including interpretive and no-action requests and rulemaking.
Participate in meetings with U.S. and international regulators regarding broker-dealer supervision and resolution matters.
Assist with administration of matters arising under the Securities Investor Protection Act of 1970.
Assist TM staff with legal, policy, and administrative matters and lead or facilitate special projects across TM.