Director, MAP, Equity, Retail, & Capital Formation

FINRA•Chicago, IL

1d•$134,400 - $312,600•Hybrid

About The Position

The Director, MAP, Equity, Retail, & Capital Formation is responsible for oversight of the membership application process relating to matters filed with FINRA, which includes new and continuing membership applications, materiality consultations, two principal waivers, and membership agreement updates. This is a senior-level professional position providing operational leadership for management of the program, supervising analysts of all levels, defining assigned roles, increasing staff skills, and providing the staff with expert guidance on escalated matters. The Director will also collaborate on interdepartmental regulatory initiatives. Actively manage and guide application staff in the execution of the Department’s risk-based application program of member firms, in compliance with FINRA’s Standards of Admission as noted in FINRA Rule 1014 and processes outlined in FINRA Rule 1017, and other department goals and policies. Create and facilitate best practices for program execution aligned to organizational and regulatory requirements. Provide timely operational status updates and application-level reporting to senior leadership. Monitor established metrics and analytics to enable effective risk-based decision-making and identify opportunities to improve operational effectiveness and efficiency. Establish and implement standards to ensure consistent methodologies are in place to guide staff, and prospective or current member firms in the MAP processes aligned with overall needs and expectations. Monitor legal and regulatory requirements applicable to the program, providing escalation and recommendations on emerging risks and compliance issues. Proactively identify skill gaps and development opportunities for the individual, team and broader program. Partner with key stakeholders in the ideation, development, and adoption of training, resources, and other upskilling tools. Lead communications with FINRA personnel and member firms and consultants, including providing effective guidance to member firms, FINRA personnel and others with timely, thorough, and accurate information. Manage a team of experienced individual contributors and is accountable for meaningful career development conversations and planning, as well as regular coaching and feedback. Responsible for assessing performance of staff and preparing and delivering performance evaluations. Actively manages the overall team structure through recruiting, interviewing, and retaining staff. Participate in the development and execution of the Department’s compliance programs. Serve as a presenter or panelist for member conferences and training. Attends conferences related to securities industry rules and regulations. Demonstration of FINRA's values. Collaboration, both in-person and virtually, in furtherance of FINRA's mission of investor protection and market integrity.

Requirements

Bachelor’s degree is required.
Major in Finance, Accounting, Business Administration, or related field preferred; advanced degree preferred.
A minimum of ten (10) years of regulatory experience, with a minimum of two years of people leadership experience.
Advanced knowledge of securities industry rules, regulations and guidelines and significant and experience in a directly related securities industry.
Strong collaborator and team builder, with excellent written and verbal communication, interpersonal, and presentation skills.
Strong organizational skills, with an ability to manage multiple complex assignments concurrently and execute against tight deadlines.
FINRA Securities Industry Essentials (SIE) certification or acceptable industry equivalent certification is required upon hire or within 16 months of the start date of the assigned SIE training cohort.

Nice To Haves

Major in Finance, Accounting, Business Administration, or related field preferred
Advanced degree preferred

Responsibilities

Oversight of the membership application process relating to matters filed with FINRA, which includes new and continuing membership applications, materiality consultations, two principal waivers, and membership agreement updates.
Provide operational leadership for management of the program, supervising analysts of all levels, defining assigned roles, increasing staff skills, and providing expert guidance on escalated matters.
Collaborate on interdepartmental regulatory initiatives.
Actively manage and guide application staff in the execution of the Department’s risk-based application program of member firms, in compliance with FINRA’s Standards of Admission as noted in FINRA Rule 1014 and processes outlined in FINRA Rule 1017, and other department goals and policies.
Create and facilitate best practices for program execution aligned to organizational and regulatory requirements.
Provide timely operational status updates and application-level reporting to senior leadership.
Monitor established metrics and analytics to enable effective risk-based decision-making and identify opportunities to improve operational effectiveness and efficiency.
Establish and implement standards to ensure consistent methodologies are in place to guide staff, and prospective or current member firms in the MAP processes aligned with overall needs and expectations.
Monitor legal and regulatory requirements applicable to the program, providing escalation and recommendations on emerging risks and compliance issues.
Proactively identify skill gaps and development opportunities for the individual, team and broader program.
Partner with key stakeholders in the ideation, development, and adoption of training, resources, and other upskilling tools.
Lead communications with FINRA personnel and member firms and consultants, including providing effective guidance to member firms, FINRA personnel and others with timely, thorough, and accurate information.
Manage a team of experienced individual contributors and is accountable for meaningful career development conversations and planning, as well as regular coaching and feedback.
Assess performance of staff and prepare and deliver performance evaluations.
Actively manage the overall team structure through recruiting, interviewing, and retaining staff.
Participate in the development and execution of the Department’s compliance programs.
Serve as a presenter or panelist for member conferences and training.
Attend conferences related to securities industry rules and regulations.
Demonstrate FINRA's values.
Collaborate, both in-person and virtually, in furtherance of FINRA's mission of investor protection and market integrity.

Benefits

Comprehensive health, dental and vision insurance.
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 insurance.
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.
Adoption assistance.
Backup family care.
Surrogacy benefits.
Employee assistance.
Wellness programs.
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).
Two volunteer service days (based on full-time schedule).
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).
Nine paid holidays (full-time employees).
Discretionary bonus.
Overtime pay in accordance with federal, state, or local law (for non-exempt employees).