Director, Risk Monitoring

FINRA•Woodbridge, NJ

2d•Hybrid

About The Position

To ensure the implementation and completion of the Risk Monitoring Program for a specific Organizational Business Model or Business Segment through daily management of Risk Monitoring Analysts. Essential Job Functions: Actively supervises the activities of Risk Monitoring Analysts in their conduct of risk monitoring activities, front-line responsibility for timeliness, precision and quality of risk assessments, related reports, intelligence, and regulatory responses shared with Risk Monitoring, Examinations and other departments for a portfolio of firms within an Organizational Business Model or Business Segment. Oversees development of risk-based Regulatory Responses that address identified risks and evaluation of the adequacy of firm corrective actions to assist with Examination Strategy. Implements and provides direction on the goals and objectives for a risk monitoring program specific to firms in an Organizational Business Model or Business Segment’s Risk Monitoring team, effectively collaborates and coordinates with aligned Risk Monitoring leadership, while managing activities of downline staff to ensure the goals and objectives are met. Ensures exam strategy includes applicable risks and that corrective action is taken. Day-to-day management, directing completion and outcome of continuous real-time risk identification for a portfolio of member firms. Ensures the accurate prioritization risk, through an understanding of firm business activities, the risks associated with those business activities and the controls in place to mitigate those risks; oversees development and execution of regulatory responses (i.e., firm meetings, exams, heightened supervision, etc.). Serves as a primary resource to the Senior Director for updates; responsible for identifying and surfacing key or emerging issues within business segments, and briefings on current firm information. Actively communicates, supports and implements corporate, department and team decisions. Responsible for overseeing coordination with Membership Application Program (MAP) group, timeliness and quality of risk monitoring work in MAP applications, and resolving other material business changes. In addition, represent the Organizational Business Model/Segment in complex and elevated risk FINRA member interviews. Develops and coaches Risk Monitoring staff, to include development plans, performance evaluations, and overall performance management. Serves as a proxy for the Senior Director as needed in meetings on firms or examinations, as well as day-to-day interactions with external regulatory agencies and other related stakeholder organizations. Along with risk monitoring senior management, responsible and accountable for the process of interviewing, onboarding and retaining staff. Participates in industry conferences and meetings in support of FINRA outreach initiatives. Manages and provides direction to support special projects, surveys, committee assignments and technology initiatives impacting Risk Monitoring (i.e. the identification of technology needs by Risk Monitoring and the development of Business Requirements). 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 or an equivalent combination of education and experience required.
Demonstrated advanced working knowledge of the securities and/or financial-related industry required.
Substantive experience related to a FINRA firm grouping preferred.
Has participated in or led Finance or Business specific projects, directing Associates.
Can lead a variety of projects across multiple disciplines/businesses.
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.
Strong working knowledge of securities industry rules, regulations and related guidelines.
Advanced knowledge of FINRA's nine risk fundamentals.
Advanced knowledge of securities rules and regulations.
Advanced knowledge of firm business models, business lines, customer bases, products and services.
Intermediate-to-Advanced knowledge of U.S. GAAP accounting standards.
Ability to anticipate how material industry risks are manifested, identify trends and patterns for firms in a Firm Group or sub-group, design and implement methods necessary for proactive risk identification and advise and consult effective regulatory responses necessary to address such risks.
Proficiency of Microsoft Office suite of applications.
Exemplifies the FINRA Leadership Characteristics and serve as a role model for staff in the department.
Strong leadership skills, including the ability to deal effectively with people, to make decisions, and find solutions, to encourage and support change, and to deal with problem situations involving member firms and individuals in situations.
Ability to manage risk monitoring execution staff and effectively influence while providing advice and guidance.
Ability to manage a team of direct reports responsible for execution of risk monitoring program components for a portfolio of firms.
Provides support, coaching, and counsel to the team.
Manages the development of team members by authoring and assigning goals, conducting periodic coaching and feedback reviews, and administering annual performance evaluations.
Work independently, possess strong project management and organizational skills.
Self-starter and able to administer a number of complex assignments related to their firm portfolio, as well as special projects, concurrently, including unstructured assignments that require autonomy and independent judgment.
Excellent written and verbal communication skills, including interpersonal skills and presentation skills.
Establish and maintain effective working relationships at all levels inside and outside the organization.
Strong interpersonal, negotiation, and diplomacy skills, with a high comfort level in relations with FINRA senior staff, while directing Risk Monitoring execution staff from multiple locations.
FINRA employees are required to disclose to FINRA all brokerage accounts that they maintain, and those in which they control trading or have a financial interest.
Employees must comply with the Code’s investment and securities account restrictions.
Employees must dispose of any security issued by a company on FINRA’s Prohibited Company List or obtain a written waiver from their Executive Vice President by the date they begin employment with FINRA.
Employees may only maintain securities accounts that must be disclosed to FINRA at one or more securities firms that provide an electronic feed (e-feed) of data to FINRA.
Employees must move securities accounts from other securities firms to a firm that provides an e-feed within three months of beginning employment.
Employees must execute FINRA’s Employee Confidentiality and Invention Assignment Agreement without qualification or modification.
Comply with the company’s policy on nepotism.

Nice To Haves

MBA, JD, other graduate degree and/or relevant industry certification(s) preferred.
Major in Accounting, Finance, Economics, Business Administration, or related fields preferred.

Responsibilities

Actively supervises the activities of Risk Monitoring Analysts in their conduct of risk monitoring activities.
Ensures timeliness, precision and quality of risk assessments, related reports, intelligence, and regulatory responses.
Oversees development of risk-based Regulatory Responses that address identified risks.
Evaluates the adequacy of firm corrective actions to assist with Examination Strategy.
Implements and provides direction on the goals and objectives for a risk monitoring program.
Collaborates and coordinates with aligned Risk Monitoring leadership.
Manages activities of downline staff to ensure goals and objectives are met.
Ensures exam strategy includes applicable risks and that corrective action is taken.
Directs completion and outcome of continuous real-time risk identification for a portfolio of member firms.
Ensures the accurate prioritization of risk.
Oversees development and execution of regulatory responses (i.e., firm meetings, exams, heightened supervision, etc.).
Serves as a primary resource to the Senior Director for updates.
Identifies and surfaces key or emerging issues within business segments.
Provides briefings on current firm information.
Actively communicates, supports and implements corporate, department and team decisions.
Oversees coordination with Membership Application Program (MAP) group.
Ensures timeliness and quality of risk monitoring work in MAP applications.
Resolves other material business changes.
Represents the Organizational Business Model/Segment in complex and elevated risk FINRA member interviews.
Develops and coaches Risk Monitoring staff, including development plans, performance evaluations, and overall performance management.
Serves as a proxy for the Senior Director as needed in meetings on firms or examinations.
Engages in day-to-day interactions with external regulatory agencies and other related stakeholder organizations.
Participates in the process of interviewing, onboarding and retaining staff.
Participates in industry conferences and meetings in support of FINRA outreach initiatives.
Manages and provides direction to support special projects, surveys, committee assignments and technology initiatives impacting Risk Monitoring.
Collaborates, 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.
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.
Generous time-off program starting at 15 days of paid time off (increasing with years of service, up to 25 days).
5 personal days.
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).
Childbirth and parental leave (available after 90 days of employment).
Nine paid holidays.