Director, Office of Financial & Operational Risk Policy

FINRA • New York, NY

4d • Hybrid

About The Position

The Director in the Office of Financial & Operational Risk Policy (“OFORP”) serves as a subject matter expert providing technical and interpretive guidance on broker-dealer financial and operational rules and related industry practices. As a primary point of consultation within the OFORP, the Director advises FINRA regulatory operations staff on regulatory matters pertaining to FINRA and Securities and Exchange Commission (SEC) broker-dealer financial responsibility rules and reporting requirements. The Director also assesses broker-dealer industry practices and develops rules, interpretations of rules and policy guidance on financial and operational topics. 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 applicable to broker-dealers. Represents FINRA in meetings with other regulators, external conferences, industry committees, and other external groups to provide technical advice on financial, operational, and related regulatory issues and other initiatives. Drafts rule interpretations and other documents to communicate technical guidance to staff and member firms. Conducts research and prepares reports and analysis of new and proposed rules, complex regulatory topics, industry practices and their impact on broker-dealers. Delivers training and education to FINRA staff on relevant topics and industry developments. Serves as subject matter expert and works with staff, firms, industry groups and other regulators to resolve interpretive issues on financial and operational topics. Provides guidance on the application of FINRA and SEC rules to firm-specific practices and proposals. Manages projects and initiatives regarding rule making and policy implementation, collaborating effectively across departments and with stakeholders at all organizational levels. Demonstrates FINRA’s values. Collaborates, both in-person and virtually, in furtherance of FINRA’s mission of investor protection and market integrity.

Requirements

• Bachelor’s degree in accounting, finance, or business administration and a minimum of ten (10) years of broker-dealer financial, operational, accounting, auditing, or regulatory experience required.
• Expert working knowledge of broker-dealer financial and operational practice areas, including regulatory reporting requirements (e.g., net capital and customer segregation calculations) and operations (e.g., trade clearance and settlement processing).
• Advanced knowledge of SEC and FINRA financial responsibility rules and risk management practices.
• Working knowledge of accounting practices and generally accepted accounting principles (US GAAP) as applied to broker-dealers.
• Experience dealing with technically complex broker-dealer financial or operational issues.
• Familiarity with FRB Regulation T and FINRA Rule 4210 margin requirements.
• Excellent interpersonal, analytical, written, and verbal communication skills.
• Proven ability to manage projects and collaborate effectively across departments and with stakeholders at all organizational levels.
• Strong organizational skills and ability to be flexible in response to competing priorities.

Nice To Haves

• Experience with data analysis and AI prompting tools is a plus.

Responsibilities

• Researches and responds to interpretative questions, regulatory matters and issues pertaining to the application of FINRA and SEC financial, operational, recordkeeping and reporting rules applicable to broker-dealers.
• Represents FINRA in meetings with other regulators, external conferences, industry committees, and other external groups to provide technical advice on financial, operational, and related regulatory issues and other initiatives.
• Drafts rule interpretations and other documents to communicate technical guidance to staff and member firms.
• Conducts research and prepares reports and analysis of new and proposed rules, complex regulatory topics, industry practices and their impact on broker-dealers.
• Delivers training and education to FINRA staff on relevant topics and industry developments.
• Serves as subject matter expert and works with staff, firms, industry groups and other regulators to resolve interpretive issues on financial and operational topics.
• Provides guidance on the application of FINRA and SEC rules to firm-specific practices and proposals.
• Manages projects and initiatives regarding rule making and policy implementation, collaborating effectively across departments and with stakeholders at all organizational levels.
• Demonstrates FINRA’s values.
• Collaborates, both in-person and virtually, in furtherance of FINRA’s mission of investor protection and market integrity.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Director