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The Financial Industry Regulatory Authority (FINRA) is seeking a well-qualified individual for our Enforcement Counsel opening in New York, NY. To be considered for this position, please submit your resume through our career site at www.finra.org/careers no phone calls, please.
The Enforcement Counsel performs a variety of specific duties, generally including applying advanced analytical skills to provide legal interpretations regarding laws, rules, and regulations; drawing up legal documents; and representing the organization in hearings and settlements. Assigned to handle intermediate to complex investigations from initiation through recommendation on disposition. This is senior-level professional work in which incumbents are defining their assigned roles, increasing their skills, and working under general guidance.
Position may be filled at various levels depending on experience and job skills of a successful candidate.
Essential Job Functions:
- Plan for, participate in and demonstrate increased mastery of various tasks related to complex investigations pertaining to sales practice and trading violations by member firms and associated persons including the gathering of documentation evidence and the analysis thereof.
- Determine scope of investigation. Participate in on-the-record interviews of witnesses and potential respondents, often in a first-chair capacity.
- Demonstrate increased proficiency in in drafting memoranda summarizing investigative results, analyzing applicable law and reviewing evidence to determine legal sufficiency with respect to suspected violations.
- Take primary responsibility for settlement negotiations with the Enforcement Director and Chief Counsel and draft AWCs or other pre-complaint settlement papers or informal actions.
- Draft and finalize, with increased independence, complaints and other legal documents including motions, responses thereto and similar documents.
- Participate in the preparation of hearing exhibits to ensure that exhibits are persuasive and sufficient to support all allegations in the complaint.
- Provide guidance, represent in a first-chair capacity, or assist in representing the FINRA in disciplinary hearings as its staff attorney, including marshaling, organizing and presenting documentary and testimonial evidence, cross-examining witnesses, and providing opening and closing arguments.
- Evidence increased ability to conduct settlement and related discussions with respondents and their attorneys and review or prepare Offers of Settlement.
- Assist in legal research and the drafting of any appellate briefs and argue appeals, as needed.
- Provide interpretative advice to the department staff as to the federal securities laws, relevant rules and regulations thereunder, FINRA’s rules, MSRB Rules, and FINRA’s Code of Procedure.
- Help devise and assist in conducting training of department investigators and junior attorneys and participate as needed in FINRA staff and external training programs.
- Participate in special projects as assigned.
- Communicate, when appropriate, with SEC staff and members of other state and federal regulatory organizations.
- Mentor more junior attorneys and investigators.
- Participate in national initiatives and special projects.
- Law degree and admission to the bar.
- A minimum of nine years relevant legal experience in a regulatory or legal environment.
- Excellent oral and written communication and litigation skills.
- Excellent interpersonal skills.
- The Enforcement Department is a professional environment in which quality legal work is expected.
- Work outside of business hours and overnight travel may be required.
To be considered for this position, please submit a cover letter and resume. A writing sample may be required as part of the submission.
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.
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.
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.
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.
In today’s fast-paced and complex global economy, FINRA is a trusted advocate for investors, dedicated to keeping the markets fair and proactively addressing emerging regulatory issues before they harm investors or the markets. FINRA operates from Washington, DC, and New York, NY, with other offices around the country.
Find out more about us and how we work—and view our current openings—at www.finra.org/careers.
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.