Director, Credit Regulation Office of Financial and Operational Risk Policy

    • New York, NY

The Director is responsible for the day-to-day management of FINRA’s Credit Regulation Department, including the supervision and development of department staff and of all day-to-day department functions. These functions include providing interpretive guidance, development of margin rules and written interpretations, review and approval or portfolio margin applications, collection and publication of margin related statistics and approvals of margin-related extensions of time. The Director assists in the development of margin related policies and communicates with other regulators on margin related rule and policy matters. The Director also liaises with industry margin and credit groups and experts and maintains up-to-date knowledge of industry credit practices.

Essential Job Functions:

  • Supervise Credit Regulation department staff and day-to-day operations. Manage and develop department staff. Develop appropriate procedures, supervisory metrics and reports to monitor department functions.
  • Respond to interpretive requests from FINRA staff, member firms and other regulators. Develop and publish written interpretations of FINRA’s margin rule and draft Regulatory Notices to issue guidance to firms, as needed.
  • Conduct research and gather relevant input to inform credit regulation policy, new rules and rule amendments. Educate internal and external stakeholders throughout the rulemaking, approval and implementation process.
  • Manage the review and approval of portfolio margin applications. Perform ongoing monitoring of member’s portfolio margining programs through the collection and monitoring of related data.
  • Supervise the processing of margin extension of time requests and the collection and publication of monthly margin statistics. Identify enhancements to the department’s systems and work with technology to ensure appropriate testing and implementation of changes.
  • Provide training and subject matter expertise to FINRA examination and surveillance staff. Prepare training and presentation materials.
  • Support FINRA’s examinations of firms’ compliance with margin rules through the information gathered by the department’s activities.
  • Organize and lead meetings of FINRA’s Rule 4210 advisory committee. Liaise with representatives of member firms to remain current in knowledge of margin and credit related regulatory developments, industry practices and issues impacting member firms.
  • Represent FINRA as a speaker at conferences and industry educational events.
  • Assist with special projects.

Education/Experience Requirements:
  • Bachelor’s Degree in business, finance, risk management or related discipline.
  • Minimum of 10 years’ experience within the financial services industry. Broker-dealer or regulatory experience preferred.
  • Strong knowledge of broker-dealer margin and credit policies, practices and operations.
  • Excellent teamwork and collaboration skills.
  • Strong written and verbal communication skills.
  • Strong organizational and project management skills.

Work Conditions:
  • Work is performed in an office environment.


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 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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