Director, MS Operations, Procedures and Standards - FINRA
Locations: Rockville, MD; Jersey City, NJ; Jericho, NY; Denver, CO; Dallas, TX; Boston, MA; Boca Raton, FL; Woodbridge, NJ; Washington, DC; Chicago, IL; San Francisco, CA; Philadelphia, PA; New York, NY; Los Angeles, CA
Full Time
Posted 2 Days Ago
Job Requisition ID: R-009155
Salary Range: Varies by Location
Reporting to the Vice President of Member Supervision Operations, Procedures and Standards, the Director will provide strategic leadership and guidance to establish procedures and standards across the program. The Director will also advise and collaborate with various groups, including the SEC, Internal Audit, and Quality Assurance, in conducting reviews of the program. Additionally, the Director will develop and implement controls and metrics to monitor program execution and effectiveness.
Job Duties:
- Develop a robust operational risk framework within the First and Second Lines of Defense.
- Lead operational risk event/incident remediations and escalations, key procedural control assessments, refinements, and monitoring.
- Oversee the development and implementation of procedures and technology necessary to address ongoing needs of the program across all firm groups.
- Lead efforts to develop, maintain, and continually enhance Compass procedures, guidance, and job aid examples related to the program.
- Assess practices periodically and determine the need for procedure development or updates.
- Identify, prioritize, and resolve areas of inconsistent procedural application within the program.
- Work with MS Business Readiness, Training, and Communications groups to implement corrective action and receive feedback on effectiveness.
- Develop and support strategic leadership within the program.
- Maintain a strong working knowledge of industry developments and work with management and other departments to evolve the program accordingly.
- Develop recommendations for corrective action implementation plans across the program in connection with oversights and lead implementation efforts.
- Coordinate with other departments to prepare responses, talking points, and document productions related to oversights, access (., SEC, states), and ad hoc information requests related to the program.
- Respond to inquiries from, and create and implement resolution plans for, Quality Assurance, Internal Audit, and FINRA CCO exams/inquiries and related findings and conclusions.
- Lead coordinated efforts with Data Analytics to continuously develop, implement, and improve periodic, trend, and ad hoc reporting, including monthly program and/or grouping reports for the program.
Education/Experience Requirements:
- Bachelor's Degree or an equivalent combination of education and experience required.
- Major in Accounting, Finance, Economics, Business Administration, or related fields preferred.
- MBA, JD, other graduate degree, and/or relevant industry certifications preferred.
- Significant securities, compliance, or financial regulatory experience.
- Prior experience in FINRA’s Exam and/or Risk Monitoring program preferred.
- Advanced analytical skills and experience in the financial industry.
- Demonstrated experience relating to all inherent industry risks (., Operational, Sales Practice, Fraud and Deception, Money Laundering, Accuracy of Regulatory Capital, Credit, Market, Liquidity, and/or Segregation of Client Assets).
- Significant experience managing projects and/or people.
Knowledge Requirements:
- Expert knowledge of FINRA's risk hierarchy.
- Expert knowledge of securities rules and regulations.
- Expert knowledge of firm business models, business lines, customer bases, products, and services.
- Expert knowledge of FINRA departments and their mandates.
Skill Requirements:
- Self-starter and able to administer very complex assignments concurrently, including unstructured assignments that require autonomy and independent judgment.
- Advanced verbal and written communication skills.
- Intermediate to advanced level proficiency in Microsoft Excel, Word, and PowerPoint.
- Advanced ability to manage time effectively.
Salary Information:
For work performed in CA, CO, HI, MN, VT, IL, Jersey City, NJ, New York City, NY, MA, WA, MD, Washington, DC, NJ State, and NY State, the salary range varies by location.
- CA: Minimum Salary $150,600, Maximum Salary $305,000
- CO/HI/MN/VT*: Minimum Salary $131,100, Maximum Salary $254,000
- IL*: Minimum Salary $144,000, Maximum Salary $279,500
- Jersey City, NJ/NYC, NY: Minimum Salary $157,300, Maximum Salary $305,000
- MA/WA: Minimum Salary $131,100, Maximum Salary $292,300
- MD/Washington, DC: Minimum Salary $150,600, Maximum Salary $292,300
- NJ State: Minimum Salary $144,000, Maximum $305,000
- NY State: Minimum Salary $131,100, Maximum Salary $305,000
*Including positions performed outside the state but reporting to an office or manager in that state.
Candidates can expect salary offers within the minimum to mid-point of the salary range. FINRA provides full pay ranges for candidates to consider their growth potential while at **Members Only**
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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Employees may be eligible for a discretionary bonus in addition to base pay. Non-exempt employees are also eligible
