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Counsel, Capital Markets (R-001257)

FINRA. Dec 21,2020 Oct 19,2020 Location Washington DC
This job is expired...

In-House

Attorney

Corporate - Securities and Capital Markets

Litigation - Whistleblower - CFTC

Min 4 yrs required

Profile

Job Summary:

Render 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, primarily in equity and fixed income securities, trading practices and market structure, with an emphasis on OGC support to FINRA as a participant in the Consolidated Audit Trail (CAT) NMS Plan.

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

Essential Job Functions:

  • Advise the Board of Governors and FINRA advisory committees with respect to regulatory initiatives and rule changes under consideration by the Board. 
  • Assist in briefing and providing communication on complex and sensitive regulatory initiatives to senior executives of FINRA.  Must be able to provide such analysis under urgent deadlines.
  • Serve as legal resource within FINRA in one or more subject areas and provide advice on questions in these subject areas. 
  • Prepare Board materials that contain analyses and discussions of competing policy or political considerations necessary for the informed judgment of the issues by the Board.
  • Together with senior-level attorneys, draft new rule proposals; gather and incorporate views of industry participants, other regulators, and senior staff; and prepare rule filings to the SEC. 
  • Prepare Regulatory Notices, rule guidance and other correspondence with member firms and their outside counsel. 
  • Conduct legal and other research into matters of regulatory policy as necessary to, among other things (1) develop rule proposals and respond to internal and external comments, and (2) respond to interpretive and exemptive requests.
  • Together with senior-level attorneys, identify and present solutions and proposals for changes to existing rules, including the elimination or reduction of unnecessary regulation and the adoption of new rules. 
  • Work closely with the Office of the Chief Economist in conducting economic impact assessments of rulemakings.
  • Keep abreast of and analyze SEC, industry and other self-regulatory organization initiatives, and develop and maintain strong working relationships with SEC staff and other regulators. 
  • Represent FINRA before industry groups.
  • Attend and speak at, or assist in the preparation of materials for, regulatory policy public conferences and meetings of FINRA advisory committees on areas of subject matter expertise.

Education/Experience Requirements:

  • Law degree from an accredited law school, admission to a bar.
  • Minimum of 4 years of relevant legal experience.
  • Strong working knowledge of rules, regulations and guidelines governing the securities industry.
  • Excellent oral and written communication and organizational skills.
  • Excellent judgment and interpersonal skills.
  • 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.
  • Other level-appropriate duties, as assigned.

Working Conditions:

  • Normal office conditions. 
  • Occasional travel and extended hours may be required.

Company info

Company Profile

FINRA is an independent, non-governmental regulator for all securities firms doing business with the public in the United States. FINRA works to protect investors and maintain market integrity in a public-private partnership with the Securities and Exchange Commission (SEC), while also benefiting from the SEC’s oversight. In its role as investor guardian, FINRA is informed, but not influenced, by the industry that it regulates. FINRA’s independent regulation plays a critical role in America’s financial system–all at no cost to taxpayers. FINRA touches virtually every aspect of the securities business—from registering and educating industry participants to examining securities firms; writing rules; enforcing those rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms. FINRA uses technology powerful enough to look across markets and detect potential abuses. Using a variety of data gathering techniques, we work to detect insider trading and any strategies firms or individuals use to gain an unfair advantage.