Director, Office of Financial & Operational Risk Policy

The Director in the Office of Financial & Operational Risk Policy (“OFORP”) serves as a subject matter expert providing technical and interpretive guidance on broker-dealer financial and operational rules and related industry practices. As a primary point of consultation within the OFORP, the Director advises FINRA regulatory operations staff on regulatory matters pertaining to FINRA and Securities and Exchange Commission (SEC) broker-dealer financial responsibility rules and reporting requirements. The Director also assesses broker-dealer industry practices and develops rules, interpretations of rules and policy guidance on financial and operational topics.

Essential Job Functions:

• Researches and responds to interpretative questions, regulatory matters and issues pertaining to the application of FINRA and SEC financial, operational, recordkeeping and reporting rules applicable to broker-dealers.
• Represents FINRA in meetings with other regulators, external conferences, industry committees, and other external groups to provide technical advice on financial, operational, and related regulatory issues and other initiatives.
• Drafts rule interpretations and other documents to communicate technical guidance to staff and member firms.
• Conducts research and prepares reports and analysis of new and proposed rules, complex regulatory topics, industry practices and their impact on broker-dealers.
• Delivers training and education to FINRA staff on relevant topics and industry developments.
• Serves as subject matter expert and works with staff, firms, industry groups and other regulators to resolve interpretive issues on financial and operational topics. Provides guidance on the application of FINRA and SEC rules to firm-specific practices and proposals.
• Manages projects and initiatives regarding rule making and policy implementation, collaborating effectively across departments and with stakeholders at all organizational levels.
• Demonstrates FINRA’s values.
• Collaborates, both in-person and virtually, in furtherance of FINRA’s mission of investor protection and market integrity.

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Education/Experience Requirements:

• Bachelor’s degree in accounting, finance, or business administration and a minimum of ten (10) years of broker-dealer financial, operational, accounting, auditing, or regulatory experience required.

• Expert working knowledge of broker-dealer financial and operational practice areas, including regulatory reporting requirements (e.g., net capital and customer segregation calculations) and operations (e.g., trade clearance and settlement processing).

• Advanced knowledge of SEC and FINRA financial responsibility rules and risk management practices.

• Working knowledge of accounting practices and generally accepted accounting principles (US GAAP) as applied to broker-dealers.

• Experience dealing with technically complex broker-dealer financial or operational issues.

• Familiarity with FRB Regulation T and FINRA Rule 4210 margin requirements.

• Excellent interpersonal, analytical, written, and verbal communication skills.

• Proven ability to manage projects and collaborate effectively across departments and with stakeholders at all organizational levels.

• Strong organizational skills and ability to be flexible in response to competing priorities.

• Experience with data analysis and AI prompting tools is a plus.

For work that is performed in CO, FL, TX, IL, PA, MA, MD, VA, Washington, DC, NY and NJ, please refer to the chart below for the salary range for the corresponding location. FINRA complies with all state and local pay transparency laws and regulations requiring the disclosure of salary ranges for the position. 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 market considerations. 

 

 

CO/FL/TX: Minimum Salary $131,100, Maximum Salary $254,000

IL/PA: Minimum Salary $144,000, Maximum Salary $279,500

MA/MD/VA/Washington, DC: Minimum Salary $150,600, Maximum Salary $292,300

NY/NJ: Minimum Salary $150,600, Maximum Salary $305,000

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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.