Director - Risk Monitoring, Capital Markets


: $119,020.00 - $152,870.00 /year *

Employment Type

: Full-Time


: Financial Services - Banking/Investment/Finance

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To ensure the implementation and completion of the Risk Monitoring Program for a specific Firm Grouping or Sub-Grouping through daily management of Risk Monitoring Analysts.

Essential Job Functions:
  • Actively supervises the activities of Risk Monitoring Analysts in their conduct of risk monitoring activities, front-line responsibility for timeliness, precision and quality of risk assessments, related reports, intelligence, and regulatory responses shared with Risk Monitoring, Examinations and other departments for a portfolio of firms within a Firm Group or sub-group.
  • Oversees development of risk-based Regulatory Responses that addresses identified risks and evaluation of the adequacy of firm corrective actions to assist with Examination Strategy.
  • Implements and provides direction on the goals and objectives for a risk monitoring program specific to firms in a Firm Group or Sub-Group s Risk Monitoring team, effectively collaborates and coordinates with Single Point of Accountability and Head of Risk Monitoring (Firm Group), while managing activities of downline staff to ensure the goals and objectives are met.
  • Ensures exam strategy includes applicable risks and that corrective action is taken.
  • Day-to-day management, directing completion and outcome of continuous real-time risk identification for a portfolio of member firms. Ensures the accurate prioritization risk, through an understanding of firm business activities, the risks associated with those business activities and the controls in place to mitigate those risks; oversees development and execution of regulatory responses (i.e., firm meetings, exams, heightened supervision, etc.).
  • Serves as primary resource to Single Point of Accountability needs for updates, responsible for identifying and surfacing key or emerging issues within sub-groups, and briefings on current firm information. Actively communicates, supports and implements corporate, division and department decisions.
  • Responsible for overseeing coordination with Membership Application Program (MAP) group and responsible for timeliness and quality of risk monitoring work in MAP applications and resolving other material business changes. In addition, represent the Firm Group/sub-group in all complex and elevated risk FINRA member interviews.
  • Manages the development and mentoring of Risk Monitoring staff; review and input into development plans for execution staff; responsible for preparation, submission and delivery of performance evaluations for execution staff.
  • Serve as a proxy for SPoA in meetings on firms or examinations, as well as day-to-day interactions with external regulatory agencies and other related stakeholder organizations.
  • Along with risk monitoring senior management in a Firm Grouping, is responsible and accountable for the process of interviewing, onboarding and retaining staff.
  • Participate in industry conferences and meetings in support of FINRA outreach initiatives.
  • Manages and provides direction to support special projects, surveys, committee assignments and technology initiatives impacting Risk Monitoring (i.e. the identification of technology needs by Risk Monitoring and the development of Business Requirements).
Education & Experience Requirements:
  • MBA, JD, other graduate degree and/or relevant industry certification(s) preferred.
  • Bachelor's Degree, preferably with a major in Finance, Accounting, Business or related field(s).
  • Demonstrated advanced working knowledge of the securities and/or financial-related industry required with substantive experience related to a FINRA firm grouping preferred. Has participated in or led Finance or Business specific projects, directing Associates; Can lead a variety of projects across multiple disciplines/businesses.
Knowledge Requirements:
  • Strong working knowledge of securities industry rules, regulations and related guidelines, including:
  • Advanced knowledge of FINRA's nine risk fundamentals
  • Advanced knowledge of securities rules and regulations
  • Advanced knowledge of firm business models, business lines, customer bases, products and services
  • Intermediate-to-Advanced knowledge of U.S. GAAP accounting standards
Skills Requirements:
  • Ability to anticipate how material industry risks are manifested, identify trends and patterns for firms in a Firm Group or sub-group, design and implement methods necessary for proactive risk identification and advise and consult effective regulatory responses necessary to address such risks.
  • Proficiency of Microsoft Office suite of applications
  • Exemplifies the FINRA Leadership Characteristics and serve as a role model for staff in the department
  • Strong leadership skills, including the ability to deal effectively with people, to make decisions, and find solutions, to encourage and support change, and to deal with problem situations involving member firms and individuals in situations
  • Ability to manage risk monitoring execution staff and effectively influence while providing advice and guidance
  • Ability to manage a team of direct reports responsible for execution of risk monitoring program components for a portfolio of firms. Provides support, coaching, and counsel to the team. Manages the development of team members by authoring and assigning goals, conducting periodic coaching and feedback reviews, and administering annual performance evaluations
  • Work independently, possess strong project management and organizational skills
  • Self-starter and able to administer a number of complex assignments related to their firm portfolio, as well as special projects, concurrently, including unstructured assignments that require autonomy and independent judgment
  • Excellent written and verbal communication skills, including interpersonal skills and presentation skills
  • Establish and maintain effective working relationships at all levels inside and outside the organization
  • Strong interpersonal, negotiation, and diplomacy skills, with a high comfort level in relations with FINRA senior staff, while directing Risk Monitoring execution staff from multiple locations
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.

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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.

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.

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Associated topics: annuities, brokerage, derivatives, fund, investor, nasdaq, purchase, security, sell, trader * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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