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
- 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
- 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
- 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
- Lead or participate in ad hoc special projects and initiatives
- 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.
- 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
- Excellent oral and written communication skills. Excellent
judgment and interpersonal skills.
- Normal office conditions.
- Occasional travel and extended hours are required.
To be considered for this position, please submit an
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
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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.
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investments and requires financial disclosures that are uniquely
related to our role as a securities regulator. FINRA employees are
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firm that provides an e-feed within three months of beginning
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qualification or modification and comply with the company's policy
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