Economist, Office of Chief Economist

The primary duties of this position are to engage in statistical, econometric and financial analysis projects to evaluate the risks, costs and impacts of market practice and regulatory alternatives in support a variety of departments across FINRA.

Essential Job Functions:

• The Economist in this position will work closely with various offices across FINRA that have statistical and economic needs.
• The Economist will be responsible for working on a variety of projects.
• Work closely with subject matter experts, analyze and evaluate (on a quantitative and qualitative basis) the effectiveness of market and regulatory programs and operations;
• Gather, develop and synthesize data about securities markets and market participants to determine the efficacy and efficiency of current or projected projects and programs;
• In consultation with senior economists, will develop methodologies to provide calculations and analysis of relevant statistics for economic impact assessment;
• Prepare analyses, charts, graphs, reports and briefing materials and present findings to senior leaders across FINRA;
• Manage and maintain the book of work for regulatory activities under development across FINRA;
• Model and analyze data to provide solutions and answers in a variety of engagements;
• Work with middle and senior managers across the organization to assess their needs for economic analysis and design programs to meet them;
• Conduct research in support of FINRA’s mission;
• Exercise independent judgment in developing models to determine and track member firm and market behavior;
• Write and publish reports on various economic and financial topics;
• Represent the Office of the Chief Economist in internal and industry-wide conferences, seminars, presentations;
• Publish research results for industry and public review.

Other Responsibilities:

• The Economist filling this position will be responsible for working on and completing other projects as needed.

Education/Experience Requirements:

• Master’s degree in economics, finance, statistics or a similar degree; PhD preferred. The candidate should be able to demonstrate experience in econometric modeling, statistical analysis, data collection and manipulation, programming and writing reports. A minimum of 3 – 4 years of direct experience is required.
• The candidate must be comfortable working with a variety of people with varying skill and knowledge levels.

• The candidate must also be able to communicate well, both orally and in writing.
• The candidate must have the ability to handle multiple tasks under tight deadlines. We are seeking a self-starter who is comfortable working independently

Work Conditions:

• Regular office conditions; some travel may be required.

For work that is performed in CA, CO, HI, MN, VT, IL, Jersey City, NJ, NY, NY, MD, Washington DC, 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.

CA: Minimum Salary $124,300, Maximum Salary $235,500

CO/HI/MN/VT*: Minimum Salary $108,200, Maximum Salary $196,200

IL*: Minimum Salary $119,200, Maximum Salary $215,900
Jersey City, NJ/NY, NY: Minimum Salary $129,800, Maximum Salary $235,500

MD/Washington, DC: Minimum Salary $124,300, Maximum Salary $225,700

WA: Minimum Salary $108,200, Maximum Salary $225,700

*Including positions performed outside the state but reporting to an office or manager in that state.

Candidates can expect salary offers that range from the minimum to the mid-point of the salary range. FINRA provides full pay ranges so that the candidate can consider their growth potential while at FINRA.

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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.

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