CSE Examiner, New York, New York

Apply by eMail:15342964.185@jobfrenzy1.com

Description:
FINRA is seeking a well qualified individual for our CSE Examiner, Senior Examiner, Associate Principal Examineror Principal Examiner opening in New York, New York. To be considered for this position, please submit your resume through our careers site. No phone calls please.

Job Summary:

Conducts on-site Consolidated Supervised Entity (CSE) examinations to assess member firms’ risk managementframework and evaluate systems and procedures for the establishment and implementation of comprehensiveinternal controls to effectively manage risk.

Essential Job Functions:



Examines member firms’ books and records and internal control processes for determination of market and creditrisk exposures, specific risk and scenario analysis deductions, and backtesting and stress testing results forFOCUS Supplementary Schedule reporting, compliance with the SEA Rule 15c3-1(Appendix E), and otherapplicable rules and regulatory requirements.


Interacts with firm personnel in areas such as Risk Management (both Market and Credit), Product Controllers,Treasury, Operations (front, middle and back office), Trading, Legal and Compliance, Internal Audit and RegulatoryReporting.


Review, analysis, and testing of: member firm systems (front, middle, and back office) used to capture, aggregateand measure risk; calculate Value at Risk (VAR), reconciliation process of various risk and trading systems toverify accuracy of the data capture and quality processes; the establishment, approval and monitoring of limits;model approval and maintenance; product control and price verification; operational risk management, fundingmethodology; and corporate governance structure.


Prepares work papers to support reviews conducted.


Prepares written reports and conducts exit interviews to provide member firms with information on regulatoryconcerns noted during exams.


Works in a team environment with opportunities to supervise others and interact with senior member firm andFINRA personnel.


Additional Essential Job Functions for the Associate Principal / Principal Examiner Include:

Supervises the examination of member firms’ books and records and internal control processes for determination of market and credit risk exposures, specific risk and scenario analysis deductions, and back testing and stress testing results for FOCUS Supplementary Schedule reporting, compliance with the SEA Rule 15c3-1(Appendix E), and other applicable rules and regulatory requirements.
Participates in meetings with team members and firm personnel in areas such as Risk Management (both Market and Credit), Product Controllers, Treasury, Operations (front, middle and back office), Trading, Legal and Compliance, Internal Audit and Regulatory Reporting.
Supervises the review, analysis, and testing of: member firm systems (front, middle, and back office) used to capture, aggregate and measure risk; calculate Value at Risk (VAR), reconciliation process of various risk and trading systems to verify accuracy of the data capture and quality processes; the establishment, approval and monitoring of limits; model approval and maintenance; product control and price verification; operational risk management, funding methodology; and corporate governance structure.
Serves as in-field supervisor in role of Lead Examiner, with responsibility for training and developing newer staff members, reviewing completed work of other team members, and completing examination-related reports and documents on behalf of the team.
Analyzes internal controls in key areas of risk and evaluates systems used by member firms to determine quality and reliability.
Participates in special projects and on committees or task forces dedicated to improving the CSE examination program.
Performs targeted, or “for cause”, reviews of member organizations’ compliance with CSE rules, regulations and best practices.
Develops and delivers training presentations offered to newer staff members.
Presents examination-related matters to colleagues and managers at monthly staff meetings and quarterly divisional training sessions.

Works closely with the Securities and Exchange Commission.

Requirements:
Education / Experience Requirements:



Bachelor’s degree in Finance, Accounting, Business Administration or a related discipline with a minimum of 3 accounting classes.


Directly related experience in a regulatory or risk management function is highly desired, with securities industry experience related to CSEs.


Excellent interpersonal, written and verbal communication skills and computer proficiency are essential.


Knowledge of Self-Regulatory Organization and SEC regulatory requirements for CSEs preferred.


Applicants must achieve an acceptable rating on a pre-employment assessment of writing skills.


Additional Education / Experience Requirements for the Associate Principal / Principal Examiner Include:


Minimum of five years securities, finance or regulatory experience preferred.


Prior supervisory experience preferred.


Thorough knowledge of Self-Regulatory Organization and SEC rules, as well as generally accepted accounting principles. Related experience and knowledge of risk management framework and regulatory requirements for CSEs preferred.


Ability to independently evaluate the financial, operational, supervisory and risk management control procedures and systems of CSE firms.



Working Conditions:

Work is performed in an office environment, with extended hours. Some travel required.

In addition to a competitive salary, comprehensive health and welfare benefits, and an incentive bonus, FINRA offers immediate participation and vesting in a 401(k) with company match; a company funded pension plan; tuition reimbursement 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.

FINRA is an Equal Opportunity Employer, M/F/D/V

About FINRA:

The Financial Industry Regulatory Authority (FINRA) is the largest non-governmental regulator for all securities firms doing business in the United States. All told, FINRA oversees nearly 5,000 brokerage firms, about 174,000 branch offices and approximately 677,500 registered securities representatives. FINRA has approximately 3,000 employees and operates from Washington, DC, and New York, NY, with 15 District Offices around the country.


Created through the consolidation o

Education: Not Specified

Experience: Not Specified

Travel: None

Apply by eMail:15342964.185@jobfrenzy1.com

Job Created: Sat Oct 24 2009 04:27:28 AM
Last Modified: Sat Oct 24 2009 04:27:28 AM