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Assistant General Counsel, Capital Markets

Company: Financial Industry Regulatory Authority, Inc.
Location: Washington
Posted on: June 12, 2021

Job Description:

Render senior-level legal advice and support in connection with the complete life cycle of the adoption of new regulatory initiatives, and serve as subject matter resource in one or more areas of legal expertise. Serve as subject-matter expert in areas relating to trading practices, market integrity and market structure in equities, options and fixed income, including order handling requirements, trade reporting and other transparency initiatives; SEC mandates including Consolidated Audit Trail, Regulation SCI, Regulation NMS, Regulation SHO, Tick Size Pilot, SEC Rule 15c3- 5 and SEC Rule 15c2-11; FINRA's quoting and trade reporting mechanisms, including TRACE, the Alternative Display Facility (ADF), OTC Bulletin Board (OTCBB), OTC Reporting Facility (ORF) and Trade Reporting Facilities (TRFs); and FINRA trading-related fees, including TAF and Section 31/Section 3.

This is senior-level professional work in which incumbents are defining their assigned roles, increasing their skills, and working under general guidance.

Essential Job Functions:

  • Advise the Board of Governors and standing 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 analyses under urgent deadlines.
  • Serve as the key source of legal expertise within FINRA in many subject areas, with an emphasis on trading and market issues, and provide independent expert advice on questions and issues in these subject areas.
  • Prepare Board materials that contain sophisticated analyses and discussions of competing policy or political considerations necessary for informed judgment on the issues by the Board.
  • Review and draft new rule proposals; gather and incorporate views of industry participants, other regulators, and senior staff; and prepare rule filings to the SEC.
  • Work closely with the Office of the Chief Economist in conducting economic impact assessments of rulemakings.
  • Meet with senior staff of SEC, industry groups and other interested parties concerning regulatory initiatives.
  • Represent FINRA before industry and SRO inter-market groups.
  • Prepare Regulatory Notices, rule guidance and other correspondence with member firms and their outside counsel.
  • Conduct and oversee legal and other research into matters of regulatory policy as necessary to (a) develop rule proposals and to respond to internal and external comments, and (b) respond to interpretive and exemptive requests.
  • 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.
  • Serve as counsel to one or more operating departments of FINRA, providing expert-level legal advice and taking an active role in ensuring the success of departmental initiatives.
  • Serve as primary liaison to FINRA advisory committees as assigned.
  • Keep abreast of SEC, industry and other SRO initiatives, and develop and maintain strong working relationships with SEC staff and other regulators.
  • Attend and speak at regulatory policy public conferences and meetings of FINRA advisory committees on areas of subject matter expertise.

Other Responsibilities:

  • Lead or participate in ad hoc special projects and initiatives as requested.
  • Provide status reports of assigned matters or projects.
  • Develop communications as needed for Chief Legal Officer and other senior management.
  • Provide and implement suggestions to increase efficiency and effectiveness of office procedures.

Education/Experience Requirements:

  • Law degree from an accredited law school, admission to a bar, and a minimum of 6 - 8 years of relevant legal experience.
  • Advanced working knowledge of trading and market practices and rules, regulations and guidelines governing the securities industry.
  • Excellent oral and written communication skills. Excellent judgment and interpersonal skills.

Work Conditions:

  • Normal office conditions.
  • Occasional travel and extended hours are required.

To be considered for this position, please submit an application.

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.

Please note: If the "Apply Now" button on a job board posting does not take you directly to the FINRA Careers site, enter www.finra.org/careers into your browser to reach our site directly.

FINRA strives to make our career site accessible to all users. If you need a disability-related accommodation for completing the application process, please contact FINRA's accommodation help line at 240.386.4865. Please note that this number is exclusively for inquiries regarding application accommodations.

In addition to a competitive salary, comprehensive health and welfare benefits, and incentive compensation, FINRA offers immediate participation and vesting in a 401(k) plan with company match. You will also be eligible for participation in an additional FINRA-funded retirement contribution, our tuition reimbursement program and many other benefits. If you would like to contribute to our important mission and work collegially in a professional organization that values intelligence, integrity and initiative, consider a career with FINRA.

Important Information

FINRA's Code of Conduct imposes restrictions on employees' investments and requires financial disclosures that are uniquely related to our role as a securities regulator. 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 (including any trust account of which they are a trustee or beneficiary and all accounts of a spouse, domestic partner or minor child who lives with the employee) and to authorize their broker-dealers to provide FINRA with duplicate statements for all of those accounts. All of those accounts are subject to the Code's investment and securities account restrictions, and new employees must comply with those investment restrictions-including disposing of any security issued by a company on FINRA's Prohibited Company List or obtaining 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, and must move securities accounts from other securities firms to a firm that provides an e-feed within three months of beginning employment.

You can read more about these restrictions here.

As standard practice, employees must also execute FINRA's Employee Confidentiality and Invention Assignment Agreement without qualification or modification and comply with the company's policy on nepotism.

Search Firm Representatives

Please be advised that FINRA is not seeking assistance or accepting unsolicited resumes from search firms for this employment opportunity. Regardless of past practice, a valid written agreement and task order must be in place before any resumes are submitted to FINRA. All resumes submitted by search firms to any employee at FINRA without a valid written agreement and task order in place will be deemed the sole property of FINRA and no fee will be paid in the event that person is hired by FINRA.

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.

FINRA abides by the requirements of 41 CFR 60-741.5(a). This regulation prohibits discrimination against qualified individuals on the basis of disability, and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified individuals with disabilities.

FINRA abides by the requirements of 41 CFR 60-300.5(a). This regulation prohibits discrimination against qualified protected veterans, and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified protected veterans.

2020 FINRA. All rights reserved. FINRA is a registered trademark of the Financial Industry Regulatory Authority, Inc.

Keywords: Financial Industry Regulatory Authority, Inc., Washington DC , Assistant General Counsel, Capital Markets, Other , Washington, DC

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