Director, CAT Surveillance

FINRA • Full-time • Rockville (Gira), United States of America • 4d ago

The Director of CAT Surveillance is responsible for overseeing the tracking, analysis and reviews of Consolidated Audi Trail (“CAT”) Reporter Compliance in a manner that supports the Securities and Exchange Commission (“SEC”) and self-regulatory organizations (“SRO”) execute their CAT Reporter Compliance regulatory responsibilities and promotes CAT’s data quality. The Director independently manages routine and complex CAT Reporter compliance surveillance and other reviews and ensures any resulting reports or referrals are executed with high quality in a timely manner. The Director plans and coordinates staff activities to ensure consistency of work process and work product, promote best practices, and the efficient flow of work and information among staff and other FINRA CAT personnel and contractors as well as SRO and SEC representatives, as appropriate. The Director has regular interactions, often independently, with the SROs and SEC to assist them regulate CAT reporting. The Director supports FINRA CAT’s Chief Compliance Officer (“CCO”) in the implementation and execution of an effective CAT Reporter Compliance surveillance program.

Essential Job Functions:

Oversee and provide leadership in the implementation of FINRA CAT’s CAT Reporter monitoring, which includes providing the warranted support, including direct communications, to the SROs and SEC as regulators of CAT Reporters.
Manage the CAT Industry Member and Plan Participant Monthly Report Card program.
Interact with CAT Reporters as appropriate, to support and promote effective CAT reporting and make them aware of any potential issues and provide support and advice.
As a CAT Reporter compliance specialist, provide guidance to FINRA CAT colleagues. Work collaboratively with other FINRA CAT teams.
Regularly meet with staff to review assignments, provide direction concerning future initiatives, and share information and provide feedback.
Regularly meet with the CCO and other FINRA CAT leaders as appropriate to provide periodic progress reports.
Regularly meet with the CAT NMS Plan Participants, individual SROs and SEC to provide information and reports on CAT Reporter compliance as warranted.
Conduct training and webinars for CAT Reporters and regulators regarding Compliance issues.
Manage and ensure the accuracy of the various Compliance resources available on the CAT NMS Website.
Manage the analysis of CAT Reporting data to look for trends that may impact CAT Reporter Compliance or CAT data integrity in both the aggregate and at the individual CAT Reporter level and make related recommendation with a goal of improving data integrity.
Maintain a high level of competency and expertise in the rules that govern CAT Reporting.
Regularly meet with FINRA CAT Technology regarding the development and deployment of automated monitoring. Responsible for recommending revisions to business requirements documents for existing reporter monitoring tools and patterns and reviewing requirements documents for new reporter monitoring patterns. Complete User Acceptance Testing (UAT) for reporter monitoring tools and patterns and report findings FINRA CAT management. Identify regulatory and industry issues impacting CAT Reporting data quality and develop plans or recommendations to address such issues.
Regularly represent FINRA CAT both internally and externally.

Education/Experience Requirements:

Bachelor’s degree in Business/Finance or equivalent with course work in investments, finance and accounting preferred and a minimum of eight (8) years of experience in the securities industry.
Minimum two (2) years of experience supervising projects and/or mentoring junior and senior staff.
Extensive working knowledge of the Securities Exchange Act of 1934, in general, and the rules applicable in the fixed income market, in particular with exposure to trading issues, securities processing, clearance and trading practices and knowledge of related relevant rules and regulations enforced by FINRA.
Familiarity with software applications and automated systems.
Requires excellent written and verbal communications skills, including interpersonal and presentation skills.
Strong organizational skills and excellent attention to detail. Demonstrated ability to lead and produce outstanding measurable results.
Advance time-management and prioritization, required.
Demonstrated ability to oversee comprehensive reviews and investigations for potential securities laws violations.

Work Conditions:

Hybrid work environment (remote/office) with hours which may extend beyond normal business hours.
Travel will be required, as necessary.

For work that is performed in CA, CO, HI, MN, VT, IL, Jersey City, NJ, New York City, NY, MA, WA, MD, Washington, DC, NJ State and NY State, please refer to the chart below for the salary range for the corresponding location. In addition to location, actual compensation is based on various factors, including but not limited to, the candidate’s skill set, level of experience, education, and internal peer compensation comparisons.

CA: Minimum Salary $150,600, Maximum Salary $305,000

CO/HI/MN/VT*: Minimum Salary $131,100, Maximum Salary $254,000

IL*: Minimum Salary $144,000, Maximum Salary $279,500

Jersey City, NJ/NYC, NY: Minimum Salary $157,300, Maximum Salary $305,000

MA/WA: Minimum Salary $131,100, Maximum Salary $292,300

MD/Washington, DC: Minimum Salary $150,600, Maximum Salary $292,300

NJ State: Minimum Salary $144,000, Maximum $305,000

NY State: Minimum Salary $131,100, Maximum Salary $305,000

*Including positions performed outside the state but reporting to an office or manager in that state.

Candidates can expect salary offers that range from the minimum to the mid-point of the salary range. FINRA provides full pay ranges so that the candidate can consider their growth potential while at FINRA.

#LI-Hybrid

To be considered for this position, please submit an application. Applications are accepted on an ongoing basis.

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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FINRA strives to make our career site accessible to all users. If you need a disability-related accommodation for completing the application process, please contact FINRA's Employee Relations team at 240.386.4865 or by email atEmployeeRelations@finra.org.Please note that this process is exclusively for inquiries regarding application accommodations.

Employees may be eligible for a discretionary bonus in addition to base pay. Non-exempt employees are also eligible for overtime pay in accordance with federal, state, or local law. As part of its dedication to employee wellness, FINRA provides comprehensive health, dental and vision insurance. Additional insurance includes basic life, accidental death and dismemberment, supplemental life, spouse/domestic partner and dependent life, and spouse/domestic partner and dependent accidental death and dismemberment, short- and long-term disability, long-term care, business travel accident, disability and legal. FINRA offers immediate participation and vesting in a 401(k) plan with company match and eligibility for participation in an additional FINRA-funded retirement contribution, tuition reimbursement, commuter benefits, and other benefits that support employee wellness, such as adoption assistance, backup family care, surrogacy benefits, employee assistance, and wellness programs.

Time Off and Paid Leave*

FINRA encourages its employees to focus on their health and wellness in many ways, including through a generous time-off program of 15 days of paid time off, 5 personal days and 9 sick days, unless otherwise required by law (all pro-rated in the first year). Additionally, we are proud to support our communities by providing two volunteer service days (based on full-time schedule). Other paid leave includes military leave, jury duty leave, bereavement leave, voting and election official leave for federal, state or local primary and general elections, care of a family member leave (available after 90 days of employment); and childbirth and parental leave (available after 90 days of employment). Full-time employees receive nine paid holidays.

*Based on full-time schedule

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 restrictions—including disposing of any security issued by a company on FINRA’s Prohibited Company List or obtaining a written waiver from their Executive Vice President—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 strives to make our career site accessible to all users. If you need a disability-related accommodation for completing the application process, please contact FINRA's Employee Relations team at 240.386.4865 or by email at EmployeeRelations@finra.org. Please note that this process is exclusively for inquiries regarding application accommodations.

All qualified applicants will receive consideration for employment without regard to age, citizenship status, color, disability, marital status, national origin, race, religion, sex, veteran status or any other classification protected by federal, state, or local laws.

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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