FINRA
Counsel, Statutory Disqualification - All Finra Locations
FINRA, Burbank, California, United States, 91520
Working under minimal direction, actively supports and administers FINRA’s Statutory Disqualification Program by researching, preparing documents and providing recommendations on matters handled by the Statutory Disqualification group. Conducts inquiries into applications for admission or re-admission to FINRA membership by statutorily disqualified firms and individuals.
Essential Job Functions:
Applying advanced analytical skills, reviews applications and related documentation underlying decision whether to permit an ineligible entity or person to remain in or re-enter the securities industry.Prepares the recommendation and decision on behalf of FINRA based on sound legal analysis and factual development.If re-entry is permitted, ensures heightened supervision plans are agreed to and implemented by member firms and individuals in order to best protect investors.Works collaboratively and coordinates with Registration and Disclosure and the Office of General Counsel on rules and policy issues related to statutory disqualification status. Advises Examination staff regarding the execution of statutory disqualification reviews, and coordinates closely with Enforcement regarding the recommendation process. Communicates with senior FINRA management, the National Adjudicatory Council and the SEC as warranted.Addresses and resolves novel issues. Provides legal guidance and oversight to non-legal staff.Must have advanced knowledge of FINRA’s regulatory programs and industry rules and regulations, including the statutory disqualification process to finalize recommendations. Performs legal research in support of recommendations.Must be capable of executing a variety of legal functions related to FINRA’s statutory disqualification program and exercising independent decision-making. Must be capable of communicating effectively with member firms regarding their applications.Must coordinate and collaborate with various stakeholders and constituents. This includes rendering legal and interpretive advice to Member Supervision examination teams and collaborating with Enforcement in non-disciplinary litigation before the NAC.Must be capable of quick action in rendering guidance to examiners and regulatory coordinators to ensure timely action and accurate decision-making by examination and surveillance staff and as needed in the course of membership application proceedings.Provides key technical and legal guidance, and vets and assesses unique regulatory and legal issues as they pertain to the statutory disqualification process.Recommends and delivers content for training programs as requested.Other Duties:
Participate in/lead projects, as assigned.Education/Experience Requirements:
Law degree, admission to the bar, and 4-7 years or more of broker/dealer or related regulatory or legal experience.Advanced understanding of regulatory hearing and appellate processes.Prior demonstrated experience analyzing and applying securities laws, SRO rules and interpretive guidance to business situations.Advanced knowledge of SEC, FINRA and SROs’ rules relating to regulatory requirements, and state and federal securities law. Ability to make decisions based on both experience and established precedent, with a willingness to commit decisions to writing. Ability to apply legal principles and knowledge of securities regulations to analyze membership applications.Excellent written and oral communication skills; strong interpersonal skills; ability to work across department lines; communicate effectively with external counsel, member organization personnel and representatives of other regulatory bodies.Ability to respond timely and effectively in addressing questions and matters under review.Work Conditions:
Work is performed in an office environment. Extended hours frequently required.For work that is performed in CA, CO, New York, NY and WA, the chart below outlines the proposed salary range for the corresponding location. In addition to location, actual compensation is based on various factors, including but not limited to, the candidate’s skill set, level of experience, education, and internal peer compensation comparisons.California: Minimum Salary $98,400, Maximum Salary $193,400Colorado: Minimum Salary $89,400, Maximum Salary $161,200New York, NY: Minimum Salary $107,200 Maximum Salary $193,400Washington: Minimum Salary $89,400, Maximum Salary $185,300To 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 Employee Relations team at 240.386.4865 or by email at EmployeeRelations@finra.org. Please note that this process is exclusively for inquiries regarding application accommodations.Employees may be eligible for a discretionary bonus in addition to base pay. FINRA provides comprehensive health, dental and vision insurance. Additional insurance includes basic life, accidental death and dismemberment, supplemental life, spouse/domestic partner and dependent life, and spouse/domestic partner and dependent accidental death and dismemberment, short- and long-term disability, long-term care, business travel accident, disability and legal. FINRA offers immediate participation and vesting in a 401(k) plan with company match and eligibility for participation in an additional FINRA-funded retirement contribution, tuition reimbursement and many other benefits.Time Off and Paid LeaveFINRA encourages its employees to focus on their health and wellness in many ways, including through a generous time-off program of 15 days of paid time off, 5 personal days and 9 sick days (all pro-rated in the first year). Additionally, we are proud to support our communities by providing two volunteer service days (based on full-time schedule). Other paid leave includes military leave, jury duty leave, bereavement leave, voting and election official leave for federal, state or local primary and general elections, care of a family member leave (available after 90 days of employment); and childbirth and parental leave (available after 90 days of employment). Full-time employees receive nine paid holidays.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.
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Essential Job Functions:
Applying advanced analytical skills, reviews applications and related documentation underlying decision whether to permit an ineligible entity or person to remain in or re-enter the securities industry.Prepares the recommendation and decision on behalf of FINRA based on sound legal analysis and factual development.If re-entry is permitted, ensures heightened supervision plans are agreed to and implemented by member firms and individuals in order to best protect investors.Works collaboratively and coordinates with Registration and Disclosure and the Office of General Counsel on rules and policy issues related to statutory disqualification status. Advises Examination staff regarding the execution of statutory disqualification reviews, and coordinates closely with Enforcement regarding the recommendation process. Communicates with senior FINRA management, the National Adjudicatory Council and the SEC as warranted.Addresses and resolves novel issues. Provides legal guidance and oversight to non-legal staff.Must have advanced knowledge of FINRA’s regulatory programs and industry rules and regulations, including the statutory disqualification process to finalize recommendations. Performs legal research in support of recommendations.Must be capable of executing a variety of legal functions related to FINRA’s statutory disqualification program and exercising independent decision-making. Must be capable of communicating effectively with member firms regarding their applications.Must coordinate and collaborate with various stakeholders and constituents. This includes rendering legal and interpretive advice to Member Supervision examination teams and collaborating with Enforcement in non-disciplinary litigation before the NAC.Must be capable of quick action in rendering guidance to examiners and regulatory coordinators to ensure timely action and accurate decision-making by examination and surveillance staff and as needed in the course of membership application proceedings.Provides key technical and legal guidance, and vets and assesses unique regulatory and legal issues as they pertain to the statutory disqualification process.Recommends and delivers content for training programs as requested.Other Duties:
Participate in/lead projects, as assigned.Education/Experience Requirements:
Law degree, admission to the bar, and 4-7 years or more of broker/dealer or related regulatory or legal experience.Advanced understanding of regulatory hearing and appellate processes.Prior demonstrated experience analyzing and applying securities laws, SRO rules and interpretive guidance to business situations.Advanced knowledge of SEC, FINRA and SROs’ rules relating to regulatory requirements, and state and federal securities law. Ability to make decisions based on both experience and established precedent, with a willingness to commit decisions to writing. Ability to apply legal principles and knowledge of securities regulations to analyze membership applications.Excellent written and oral communication skills; strong interpersonal skills; ability to work across department lines; communicate effectively with external counsel, member organization personnel and representatives of other regulatory bodies.Ability to respond timely and effectively in addressing questions and matters under review.Work Conditions:
Work is performed in an office environment. Extended hours frequently required.For work that is performed in CA, CO, New York, NY and WA, the chart below outlines the proposed salary range for the corresponding location. In addition to location, actual compensation is based on various factors, including but not limited to, the candidate’s skill set, level of experience, education, and internal peer compensation comparisons.California: Minimum Salary $98,400, Maximum Salary $193,400Colorado: Minimum Salary $89,400, Maximum Salary $161,200New York, NY: Minimum Salary $107,200 Maximum Salary $193,400Washington: Minimum Salary $89,400, Maximum Salary $185,300To 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 Employee Relations team at 240.386.4865 or by email at EmployeeRelations@finra.org. Please note that this process is exclusively for inquiries regarding application accommodations.Employees may be eligible for a discretionary bonus in addition to base pay. FINRA provides comprehensive health, dental and vision insurance. Additional insurance includes basic life, accidental death and dismemberment, supplemental life, spouse/domestic partner and dependent life, and spouse/domestic partner and dependent accidental death and dismemberment, short- and long-term disability, long-term care, business travel accident, disability and legal. FINRA offers immediate participation and vesting in a 401(k) plan with company match and eligibility for participation in an additional FINRA-funded retirement contribution, tuition reimbursement and many other benefits.Time Off and Paid LeaveFINRA encourages its employees to focus on their health and wellness in many ways, including through a generous time-off program of 15 days of paid time off, 5 personal days and 9 sick days (all pro-rated in the first year). Additionally, we are proud to support our communities by providing two volunteer service days (based on full-time schedule). Other paid leave includes military leave, jury duty leave, bereavement leave, voting and election official leave for federal, state or local primary and general elections, care of a family member leave (available after 90 days of employment); and childbirth and parental leave (available after 90 days of employment). Full-time employees receive nine paid holidays.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.
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