Associate Principal Business Analyst, Market Surveillance

    • Rockville, MD

A senior analyst position within the FINRA Consolidated Audit Trail (“CAT”) Compliance Surveillance Team. The analyst will support the Director and will work closely with internal and external constituents toward the implementation and execution of an effective CAT Reporter Compliance surveillance program. The analyst will assist management in the tracking, analysis and review of CAT Reporter Compliance. Additionally, this position will assist CCO and Director on more complex projects supporting the CAT Compliance Surveillance Team as well as other assignments as warranted in support of FINRA CAT’s Office of the CCO.

Essential Job Functions:

  • Conduct routine and moderately complex CAT Reporter Compliance surveillance and other reviews and ensures resolution or escalation of compliance reporting issues is completed in a timely manner.
  • Display and apply advanced knowledge of securities markets and rules.
  • Maintain a high level of knowledge and expertise in SEC Rule 613, the CAT NMS Plan rules and the CAT Technical Specifications.
  • Interact with SRO and SEC staff to support the regulation of CAT reporting.
  • Interact with CAT Reporters as appropriate, to support and promote effective CAT reporting and make them aware of any potential issues and provide guidance.
  • Assist Director in providing information and reports on CAT Reporter compliance to SROs and SEC as warranted. Â Provide regular and ad hoc reports, as well as other updates to the CAT NMS Plan Participants and various committees often under tight deadlines.
  • Assist Director in managing the monthly CAT Report Card program, as well as other methods of error reporting notifications. Also, assist in providing training for SROs or internal staff regarding the review of CAT Report Cards.
  • Perform analysis of CAT Reporting data to look for trends that may impact CAT Reporter Compliance or CAT data integrity in both the aggregate and the individual CAT Reporter level and assist in making related recommendations with a goal of improving data integrity.
  • Regularly meet with the Director and CCO and other leaders as appropriate to provide periodic progress reports. Work collaboratively with others on the FINRA CAT team.
  • Utilize computer resources and software applications for data analysis. Display advanced knowledge of Market Regulation technology resources, such as DIVER and MIRS. Learn to use additional technology resources, such as BDSQL in support of CAT Compliance.
  • Regularly meet with FINRA CAT Technology regarding the development and deployment of automated surveillance.
  • Independently research and respond to Compliance inquiries sent by the CAT Help Desk and accurately update the FINRA CRM tracking system with a resolution in a timely manner.
  • Assist in the development of business requirements and leads User Acceptance Testing (UAT).
  • Conducts special projects, as assigned.
  • Identify regulatory and industry issues impacting surveillance.
  • Attend and actively participate in departmental training.
  • Provide guidance and training to more junior analysts.
  • Demonstrate effective verbal and written communication skills.

Education/Experience Requirements:
  • Bachelor’s degree or equivalent work experience demonstrating research/analytical skills.
  • Major in Finance, Accounting, Business or related field preferred. At least six ( 6) years of related experience required.Â
  • Advance knowledge of securities industry rules, regulations and guidelines preferred. Excellent written and verbal communication skills required.
  • Competence using a desktop computer with the full suite of office software applications required.

To be considered for this position, please submit an application.

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 restrictionsâ€"including disposing of any security issued by a company on FINRA’s Prohibited Company List or obtaining a written waiver from their Executive Vice Presidentâ€"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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