Internal Controls Risk Management Examiner-Alternative Net Capital (ANC)

Conduct on-site Alternative Net Capital (ANC) examinations to assess member firms’ risk management framework and evaluate systems and procedures for the establishment and implementation of comprehensive internal controls to effectively manage risk.

  • Examine member firms’ books and records and internal control processes for determination of market and credit risk exposures and specific risk deductions for FOCUS Supplementary Schedule reporting, compliance with the SEA Rule 15c3-1(Appendix E), and other applicable rules and regulatory requirements.
  • Interact with firm personnel in areas such as Risk Management (both Market & Credit), Product Controllers, Treasury, Operations , Trading, Legal & Compliance, Internal Audit and Regulatory Reporting.
  • 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.
  • Prepare work papers to support reviews conducted.
  • Prepare written reports and conduct exit interviews to provide member firms with information on regulatory concerns noted during exams.
  • Works in a team environment with opportunities to supervise others and interact with senior member firm and FINRA personnel.

Other Responsibilities

Bachelor’s degree in Finance, Accounting, Business Administration or a related discipline with a minimum of 3 accounting classes. \n\nDirectly related experience in a regulatory or risk management function is highly desired, with securities industry experience related to ANCs. \n\nExcellent interpersonal, written and verbal communication skills and computer proficiency are essential. \n\nKnowledge of Self-Regulatory Organization and SEC regulatory requirements for ANCs preferred.

Work Conditions
Work is normally performed in an office environment, with extended hours.

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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