Senior Director, OATS/CAT

    • Rockville, MD

To supervise the generation and progression of regulatory reviews related to trading in equities and other products conducted by the five teams of the OATS/CAT within the Quality of Markets (“QOM”) Section of FINRA’s Market Regulation Department to ensure that member firms are complying with relevant rules and regulations enforced by FINRA and that FINRA is in compliance with its own regulatory obligations. To identify regulatory trends and issues that warrant action by the responsible teams in the Short Sales Group to ensure that FINRA is appropriately responsive to market developments and that automated surveillance tools continue to be deployed by the OATS Group teams in an effective and meaningful manner. To administer directives and policies established by the Senior Vice President of the Market Regulation Department’s QOM Section to ensure the effective and efficient functioning of the OATS/CAT Group

Essential Job Functions:

  • Manage a supervisory structure for the four teams in the Short Sales Group that is designed to ensure that top quality cases are completed in a timely manner.
  • Manage the staff in the use and deployment of automated surveillance tools and the creation of new automated surveillance programs.
  • Adapt regulatory programs within the Short Sales Group to new rules and initiatives.
  • Supervise the maintenance of updated operating procedures for the teams within the OATS/CAT Group
  • Work with the staff and industry representatives to identify regulatory issues that warrant action by the OATS/CAT Group
  • Manage the allocation of resources within the OATS/CAT Group
  • Manage and monitor expenditures by theOATS/CAT Group relative to budgeted amounts for the section and assist the QOM Senior Vice
  • President in preparing annual budgets for the section.
  • Ensure that work processes are handled effectively, seek continual improvements to such processes, and ensure that the section’s core responsibilities are met.
  • Integrate FINRA corporate initiatives into the Short Sales Group when such opportunities arise.
  • Serve as a spokesperson for the OATS/CAT Group at industry functions and, when necessary, with the SEC and other regulatory entities.
  • Act as a client interface to those markets for which the Short Sales Group provides regulatory services.
  • Coordinate with FINRA’s Office of General Counsel and Market Regulation’s Legal Section in connection with requests for interpretive advice and the establishment of regulatory policies and practices.

Education/Experience Requirements:
  • Undergraduate degree required.
  • Minimum 10-12 years of experience in the securities/financial services industry required with substantive knowledge of regulatory compliance in positions of increasing responsibilities.
  • A minimum of five (5) years supervisory experience required.
  • Most recent position in a management capacity with demonstrated project management, process improvement, and goal attainment skills.
  • Extensive working knowledge of FINRA and other SRO rules and the Securities Exchange Act of 1934 and the rules and regulations thereunder.
  • Requires excellent written and verbal communications skills, including interpersonal and presentation skills.
  • Strong organization skills with excellent detail orientation.

Work Conditions:
  • Office environment.
  • Work outside of normal business hours anticipated.
  • Some day/overnight travel may be 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

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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.

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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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