Securities Compliance Examiner

6 days left

Location
New York City, New York (US)
Salary
$98,030 to $195,551
Posted
Dec 23, 2020
Closes
Jan 23, 2021
Ref
ES-21-10992400-DMQ
Sector
Finance
Contract Type
Permanent
Hours
Full Time

The Division of Examinations administers the SEC's nationwide examination and inspection program for registered investment advisers, investment companies, broker-dealers, transfer agents, clearing agencies, self-regulatory organizations, and other entities registered with the SEC.

The Securities Compliance Examiner position is within the National Examination Program in the New York Regional Office located in New York, NY and is open to all US citizens.

Responsibilities

If selected, you will join a well-respected team of the National Examination Program in the New York Regional Office that is responsible for the examination of registered investment companies, investment advisers, broker-dealers, transfer agents, and municipal advisors.

Typical duties include:

  • Working as a member of a team of examiners with various levels of experience and professional backgrounds to conduct examinations of securities-related financial institutions registered with the SEC such as investment companies, investment advisers, broker-dealers, transfer agents, and municipal advisors.
  • Evaluating possible risks-to investors and the financial markets-of registered securities-related financial institutions' business models and practices based on review and analysis-through modern quantitative techniques when possible-of information reported by the institutions to the SEC and other internal and external data sources.
  • Executing risk-based examination plans, which frequently involves: (i) analyzing a financial institution's operations and procedures, sales practices, supervisory systems, books and records, and financial statements, (ii) reviewing investigatory complaints, (iii) investigating new financial products, (iv) examining specialized securities, (v) interviewing principals of registrants, and/or (vi) analyzing performance calculations to assess the level of compliance with federal securities laws and/or self-regulatory requirements.
  • Developing recommendations and reports, presenting and defending findings, and collaborating as required with legal staff.

Qualifications

All qualification requirements must be met by the closing date of this announcement.

Qualifying experience may be obtained in the private or public sector.

Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment.

You will receive credit for all qualifying experience, including volunteer experience.

MINIMUM QUALIFICATION REQUIREMENT:

SK-12: Applicant must have at least one year of specialized experience equivalent to the GS/SK-11. Specialized experience includes the following:

  1. Reviewing, researching, or applying the provisions of the Investment Advisers Act of 1940 or the Investment Company Act of 1940; AND
  2. Performing at least one of the following functions:
  • Participating in examinations, investigations, audits, or internal compliance reviews of investment advisers and/or investment companies;
  • Assisting in the adoption, implementation, review, or testing of policies and procedures, internal controls or internal risk management programs for securities-related financial institutions (e.g. investment adviser, investment company, etc.);
  • Assisting in the preparation and/or analyses of financial, operational, or securities industry data, or the preparation and/or filing of regulatory reports;
  • Assisting with the review of procedures, practices, or records related to the issuance, distribution, and/or trading of securities;
  • Participating in portfolio management or investment management, or performing investment analysis or management of securities.

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SK-13: Applicant must have at least one year of specialized experience equivalent to the GS/SK-12. Specialized experience includes the following:

  1. Interpreting or applying the provisions of the Investment Advisers Act of 1940 or the Investment Company Act of 1940; AND
  2. Performing at least two of the following functions:
  • Performing examinations, investigations, audits, or internal compliance reviews of investment advisers, or investment companies;
  • Developing or implementing tests of internal controls or internal risk management programs for securities-related financial institutions (e.g. investment adviser, investment company, etc.);
  • Analyzing financial, operational, or securities industry data or the preparation and/or filing of regulatory reports;
  • Performing reviews of procedures, practices, or records related to the issuance, distribution, and/or trading of securities;
  • Engaging in securities trading, portfolio management, investment management, or performing investment analysis and/or management of securities.

Education

This job does not have an education qualification requirement.