Senior Officer-Associate Director (Office of Broker-Dealer Finances)
What you'd do
The Division of Trading and Markets is seeking applicants for the Senior Officer-Associate Director position within the Office of Broker-Dealer Finances (OBDF). This position is located in Washington, DC and is open to US Citizens.
Major duties
The Division of Trading and Markets seeks a Senior Officer to co-lead the Office of Broker-Dealer Finances (OBDF), overseeing financial responsibility, capital, and liquidity requirements for broker-dealers (BDs) and security-based swap dealers. OBDF oversees BD financial responsibility, including customer asset protection, reporting, and capital requirements, and administers the Commission's program for BDs, SBSDs, and MSBSPs. Duties: Lead the interpretation and development of amendments to the Commission's financial responsibility rules for broker-dealers, Security-Based Swap Dealers (SBSDs), and Major Security-Based Swap Participants (MSBSPs), and provide oversight of SRO margin rules and the Securities Investor Protection Corporation (SIPC). Assess emerging market developments, identify regulatory risks, and recommend new or updated policies to strengthen the financial responsibility framework. Analyze proposed and enacted legislation affecting equity, debt, derivatives, and security-based swaps markets, and lead or support rulemaking initiatives to implement statutory changes. Conduct complex legal analyses on the interpretation and application of federal securities laws, Commission rules, and judicial decisions, and evaluate their impact on Division programs and priorities, and collaborate closely with senior leadership across the Division and other Commission to ensure consistent application of regulatory requirements and to advance cross-cutting initiatives. Provide strategic legal and policy guidance to senior officials across the Division, including on oversight of broker-dealers and SBSDs, administration of the SIPC framework, and interpretation of financial responsibility issues raised by SROs and market participants. Serve as a senior advisor and point of engagement with high-ranking officials in federal and state agencies, congressional offices, and private-sector executives, maintaining active liaison with key financial regulators, including the Public Company Accounting Oversight Board (PCAOB), Commodity Futures Trading Commission (CFTC), Treasury, and banking regulators. Oversee evaluations of internal risk management practices at ANC broker-dealers, OTC derivatives dealers (OTCDDs), and SBSDs, including reviews conducted through the Office of Broker-Dealer Inspections.
What you need to qualify
Applicants are responsible for confirming all required materials are submitted by the closing date of the announcement. Please check the How You Will Be Evaluated and Required Documents sections carefully, as missing documents will render the application incomplete and ineligible for review. Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional, philanthropic, religious, spiritual, community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. All qualification requirements must be met by the closing date of this announcement. BASIC REQUIREMENT: All applicants must possess the following: J.D. or LL.B. degree --AND-- Active membership of the bar in good standing in any state, territory of the United States, the District of Columbia, or the commonwealth of Puerto Rico. (Note: proof of bar membership will be required before entry on duty. MINIMUM QUALIFICATION REQUIREMENT: In addition to meeting the basic requirement, applicants must also meet the minimum qualification requirement. SO-01: The applicant must have at least four years post-J.D experience in addressing and providing guidance and expertise in the evaluation of legal and policy securities law issues that govern the securities industry, in particular, the Securities Exchange Act of 1934, which also includes at least three years of specialized experience: Advising clients on the Securities Exchange Act of 1934 compliance matters, particularly with respect to self-regulatory organizations broker-dealers, derivatives, including security-based swaps markets; AND Demonstrated ability to evaluate and interpret complex financial products and structures, and to analyze novel or multifaceted regulatory issues to ensure the legal adequacy, accuracy, and sufficiency of disclosures and related obligations. ACCOMPLISHMENT RECORD COMPETENCIES: Your Accomplishment Record narratives should address the following competencies. See the How You Will Be Evaluated section below for more information: Leading the Organization: Building and support the organization's vision, create strategies to achieve the vision, support and lead innovative and creative initiatives to meet organizational goals. Leading and Developing People: Ability to recruit, lead, develop and manage the workforce, constructively manages differences and potential conflicts between employees, building teams that meet and exceed SEC's mission, strategic plan, and goals. Results Orientation: Ability to meet organizational goals by effectively managing program area, identifying and solving important problems, making sound and timely decisions, and effectively managing and sharing information. Building Coalitions: Ability to build coalitions by partnering with others to build strategic relationships, influencing and negotiating with those in sphere of influence to achieve favorable outcomes for SEC. Legal and Regulatory Analysis: Conducts analysis and prepares documents and reports in compliance with Federal law that governs the rulemaking process. Rule Development: Prepares recommendations for rules that meet desired policy objectives within the agency's statutory authority or that implement legislation. Market Risk Analysis: Advises on operational risks and practices requiring an understanding of the marketplace landscape to inform and support policy development.
Before you apply
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