Associate General Counsel, Regulatory
Location: Washington, DC; Jericho, NY; Denver, CO; Dallas, TX; Chicago, IL
Time Type: Full time
Posted: 6 Days Ago
Job Requisition ID: R-008412
This position is responsible for directing and managing the complete life cycle of the adoption of new regulatory requirements. The incumbent provides expert knowledge to the Board of Governors and senior management, advising them on high-impact, legally and politically complex and sensitive regulatory initiatives and rule changes. This position is recognized by FINRA and the industry as the top/primary expert in a particularly complex and unique subject matter area(s) pertaining to regulatory policy, rendering independent expert advice in these areas.
The incumbent must have demonstrated ability to perform these functions with minimal or no supervision, as well as consistent demonstration of high level independent judgment with the ability to take responsibility for the exercise of that judgment.
Essential Job Functions:- Advise the Board of Governors and FINRA advisory committees with respect to high-impact, legally and politically complex and sensitive regulatory initiatives and rule changes under consideration by the Board.
- Brief and communicate complex and sensitive regulatory initiatives to senior executives of FINRA. Must be able to provide such analysis under urgent deadlines.
- Serve as the key source of legal expertise within FINRA in one or more subject areas and provide independent expert advice on questions and issues in these subject areas.
- Represent FINRA before industry and regulatory groups and organizations.
- Prepare and oversee the preparation of Board materials that contain sophisticated analyses and discussions of competing policy or political considerations necessary for the informed judgment of the issues by the Board.
- Draft and review the drafting of new rule proposals; gather and incorporate views of industry participants, other regulators, senior staff, and other interested parties; prepare rule filings to the SEC; and liaise with SEC staff to obtain approvals.
- Conduct economic impact assessments of rulemakings and the retrospective review of rules on behalf of OGC, as assigned, working closely with the Office of the Chief Economist.
- Prepare Regulatory Notices, rule guidance, and other correspondence with member firms, their outside counsel, and other interested parties.
- Take a leadership role in identifying and presenting original, creative, innovative, and sophisticated solutions and proposals for changes to existing rules, including the elimination or reduction of unnecessary regulation, and the adoption of new rules.
- Lead and coordinate the efforts of other OGC legal staff in the completion of work projects.
- Conduct legal analysis and necessary research to (1) develop rule proposals and to respond to internal and external comments, and (2) respond to interpretive and exemptive requests.
- Provide expert-level legal counsel and assistance to projects and initiatives of other departments, supporting them in achieving their goals.
- Serve as primary liaison to FINRA committees as assigned.
- Analyze SEC, industry and other self-regulatory organization initiatives, and develop and maintain strong and cooperative working relationships with other regulators.
- Be the recognized expert and attend and be a sought-out speaker at regulatory policy public conferences and meetings of FINRA committees on areas of subject matter expertise.
- Manage public communication of FINRA proposals and legal interpretations to member firms, members of the bar, the media, and other interested parties.
Other Responsibilities:
- Lead or participate in ad hoc special projects and initiatives as requested.
- Train and mentor other OGC attorneys and assist in supervising and directing regulatory analysts, paralegals and administrative assistants in OGC.
- Support enforcement of office procedures concerning regulatory proposals and legal interpretive positions; provide and implement suggestions to increase efficiency and effectiveness of procedures.
Education/Experience Requirements:
- Law degree from an accredited law school, admission to a bar, and 10+ years of relevant legal experience.
- Highly developed expertise in a specialized area of knowledge that is both technically complex and central to the overall mission of the organization; and expert knowledge of rules, regulations and guidelines governing the securities industry.
- Excellent oral and written communication skills. Excellent interpersonal skills.
Work Conditions:
- Hybrid work environment (remote/office).
- Occasional travel and extended hours may be required.
- Public speaking and appearing at regulatory conferences are required.
For work that is performed in CA, CO, HI, MN, VT, IL, Jersey City, NJ, NY, NY, MD, Washington DC, and WA the chart below outlines the proposed salary range for the corresponding location. In addition to location, actual compensation is based on various factors, including but not limited to, the candidate’s skill set, level of experience, education, and internal peer compensation comparisons.
- CA: Minimum Salary $171,900, Maximum Salary $351,200
- CO/HI/MN/VT: Minimum Salary $149,600, Maximum Salary $292,600
- IL: Minimum Salary $164,500, Maximum Salary $322,200
- Jersey City, NJ/NY, NY: Minimum Salary $179,600, Maximum Salary $351,200
- MD/Washington, DC: Minimum Salary $171,900, Maximum Salary $336,600
- WA: Minimum Salary $149,600, Maximum Salary $336,600
Candidates can expect salary offers that range from the minimum to the mid-point of the salary range. FINRA provides full pay ranges so that the candidate can consider their growth potential while at FINRA.
To be considered for this position, please submit an application. Applications are accepted on an ongoing basis.
The information provided above has been designed to indicate the general nature and level of work of the position. It is not a comprehensive inventory of all duties, responsibilities and qualifications required.
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FINRA is an Equal Opportunity and Affirmative Action Employer
All qualified applicants will receive consideration for employment without regard to age, citizenship status, color, disability, marital status, national origin, race, religion, sex, sexual orientation, gender identity, veteran status or any other classification protected by federal state or local laws as appropriate, or upon the protected status of the person’s relatives, friends or associates.
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