Securities Examiner I

Illinois Secretary of State•Springfield, IL

1d•Onsite

About The Position

Receives training and assists in conducting studies, analysis, and processing of applications for registration and renewals of Investment Adviser, Investment Adviser Representatives, Mutual Funds, UIT Notifications, and amendments, U-5 forms and federal covered securities, Broker Dealers, salespersons and other registrants with the Department; receives training and assists in analyzing and processing securities registrations and exempt filings and applications; gathers financial data and background information relative to the analysis of applications for registration; receives training to conduct investigative financial reviews of registered entities for suspected fraud and compliance with the Illinois Securities Law; upon training, assists in performing registration related analysis and processing of applications received by the Department.

Requirements

Requires knowledge, skill and mental development equivalent to the completion of four (4) years of college, with coursework in accounting, finance, economics, business administration or business law.
Requires elementary knowledge of securities field and accounting and auditing techniques.
Requires elementary knowledge of investigatory methods and techniques.
Requires elementary knowledge of Illinois Securities Law, and rules and regulations regarding securities registration and securities dealer, salesperson and investment advisor registration.
Requires ability to conduct studies of securities and to write reports on findings.
Requires ability to analyze and audit financial statements.
Requires ability to maintain satisfactory working relationships with employees and the public.
Requires willingness to travel and possession of a valid Illinois drivers’ license as required by individual positions within the class.
Requires the ability to lift/carry up to 25 lbs.

Responsibilities

Receives training and assists in analyzing and processing routine applications for investment adviser and representatives registrations, renewals, and annual notification filings.
Receives training and assists in drafting deficiency letters for federal covered investment advisers.
Confers with applicants to advise them of deficiencies.
Receives training and assists in conducting financial reviews of registered entities for compliance with the Illinois Securities Law.
Assists in reviewing and processing broker dealer and salesperson applications and renewals.
Under supervision, drafts correspondence to registrants.
Assists in reviewing broker dealer and salespersons disclosures.
Receives training and assists in reviewing routine applications for registration of investment adviser representatives.
Processes late filings of termination of salesperson registration using U-5 form.
Receives training and assists in processing amendments for investment advisors, federal covered investment advisors, and federal covered securities.
Receives training and assists in conferring with applicants and/or corresponding to rectify deficiencies.
Assists in compiling data and other information for auditors and enforcement staff.
Answers public inquiries regarding CRD and IARD registration.
Performs other duties as assigned or required.