Job Description

An Alternative Net Capital (ANC) Specialist Manager has a responsibility to plan, supervise and conduct examinations to assess member firms’ risk management frameworks and evaluate systems, procedures and internal controls established to effectively manage market, credit and liquidity risks. The role includes intermediate to advanced knowledge in analyzing, and testing member firms’ books and records and internal control processes to determine that market, credit, and liquidity risk exposures are within risk appetite and accordingly capitalized in compliance with SEA Rule 15c3-1(Appendix E), and other applicable rules and regulatory requirements. The review process includes holding meetings with firm personnel in areas such as Risk Management (Market, Credit and Liquidity), Product Controllers, Treasury, Operations, Trading, Legal & Compliance, Internal Audit and Regulatory Reporting.

Essential Job Functions:

• Intermediate to advanced ability to assess member firm’s compliance with the SEA Rule 15c3-1(Appendix E) and other applicable rules and regulatory requirements.
• Intermediate to advanced ability to assess compliance of firm’s market, credit, and liquidity risk management frameworks with the aforementioned rules.
• Intermediate to advanced ability to evaluate systems and procedures for the establishment and implementation of comprehensive internal controls to effectively manage risk.
• Intermediate to advanced ability to review, analyze, and test member firm systems (front, middle, and back office) used to capture, aggregate and measure market, credit and liquidity exposures, limits and associated risks.
• Accountable for 2-5 assigned specialist's performance management and career development
• Manages direct reports performance on an annual basis
• Schedules and staffs exams
• Reviews and approves risk reviews
• Reviews and approves all exam related reports and letters (i.e. strategy, exit, exam, disposition, etc.) for low and medium-low firms
• Empower direct reports to make decisions relating to the completion of reviews appropriate for their level and expertise
• Trains and mentors exam staff and direct reports
• Promotes open dialogue and communicates key issues to staff and senior management
• Leads or participates on special projects/initiatives related to the Unit's area of specialization and/or the broader Specialist & Exam Programs

Education/Experience Requirements:

• Bachelor's Degree or an equivalent combination of education and experience required. Major in Accounting, Finance, Economics, Business Administration, Cybersecurity, Computer Forensics, Data Analytics or related fields preferred.
• MBA, JD, other graduate degree and/or relevant industry certification(s) preferred
• Significant securities, compliance or financial regulatory experience
• Moderate experience managing projects and/or people

Knowledge Requirements:

• Advanced knowledge of FINRA's risk fundamentals
• Advanced knowledge of securities rules and regulations
• Advanced knowledge of firm business models, business lines, customer bases, products and services
• Advanced knowledge of rule changes and interpretations
• Advanced knowledge of industry wide events and trends affecting FINRA's exam program
• Advanced knowledge of FINRA departments and their mandates

Skills Requirements:

• Proficient in utilizing available resources
• Advanced ability to recognize and understand the relationship and impact between regulatory areas
• Advanced ability to manage time effectively and complete examinations within the budgeted timeframes
• Advanced ability to effectively liaise with internal and external parties
• Advanced ability to identify and prioritize risk
• Advanced ability to inspire and motivate direct reports
• Advanced relationship building skills
• Advanced ability to make timely decisions

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.

#LI-Hybrid

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.

Please note: If the “Apply Now” button on a job board posting does not take you directly to the FINRA Careers site, enter 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   [email protected].   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 Leave*

FINRA 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.

*Based on full-time schedule

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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Job Tags

Holiday work, Permanent employment, Full time, Temporary work, For contractors, For subcontractor, Local area, Immediate start,

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