Lead Principal, Enforcement Central Intake Group

FINRA • Full-time • Rockville (Gira), United States of America • 6d ago

Enforcement’s Central Intake Group (CIG) handles the intake, assessment, and assignment of all matters within Enforcement. CIG collaborates with Enforcement’s referring partners and plays a critical role in administering matters across Regulatory Operations (RegOps). The Lead Principal is responsible for assisting the Senior Director in leading the CIG team, overseeing its activities, and advising Enforcement’s Senior Leadership Team on a variety of matters, including emerging risks and trends identified through the review of referrals. Essential skills for this role include the ability to conduct timely and high-quality analysis to effectively advise the Senior Director in prioritizing and assessing matters and collaborating with team members across RegOps.

The Lead Principal possesses substantial expertise in Enforcement matters and workflow and works closely with the Senior Director in managing the intake, triage, analytical review, tracking, and assignment of referrals to Enforcement. The Lead Principal coordinates closely with partners in Market Regulation Transparency Services (MRTS) and Member Supervision to identify and develop ongoing efficiencies and to facilitate the Collaborative Consultation process.

Essential Job Functions:

Works with CIG’s Senior Director to manage the execution of CIG’s functions to achieve department-wide and corporate goals.
Demonstrates an advanced level of expertise in Enforcement matters, the securities markets, products, and regulatory reporting. Possesses a solid understanding of FINRA and SEC rules and potential charges to assist the Senior Director in making decisions regarding referrals to Enforcement and optimal staffing.
Reviews and analyzes referral materials from MRTS and Member Supervision (e.g., Collaborative Consultation Memos, referral memos, and other case-related documents) and provides recommendations to the Senior Director on staffing, necessary skills and specialization, and next steps. Assessment of matters includes issue spotting and identification of hurdles to completing the investigation or pursuing litigation of a matter.
Works closely with other RegOps departments to build consistency and strength across the RegOps program and drive success for the organization.
Works with CIG team members to plan, manage, and facilitate recurring meetings with Enforcement’s referring partners to ensure the timely progression of cases (e.g., Collaborative Consultation).
Assists the Senior Director in managing the assignment of matters to Enforcement staff—works with Enforcement’s Senior Leadership Team to monitor staff caseloads and avoid any imbalances when recommending assignments.
Monitors the progress of referrals, staff assignments, and special projects and initiatives to ensure timely progression of workload.
Conducts preliminary reviews of incoming matters and provides summary analysis and recommendations to management.
Provides support to Enforcement teams in managing the progression of cases, including matters involving multiple customer complaints or respondents.
Responsible for mentoring, coaching, and assisting with training staff, as needed.
Identifies and escalates situations that may present significant issues or impact on Enforcement or other FINRA business units, and proactively develops potential solutions.
Works with the Senior Director and Enforcement’s Senior Leadership Team on the development, maintenance, and effective use of regulatory technology systems and resources used by CIG. Recommends enhancements and assists in the development of automated tools to ensure that CIG effectively discharges its regulatory responsibilities.
Supports Enforcement’s Strategic Planning, Program Risk and Operations team, as needed, with policies and procedures review and development, oversights and records access requests, and departmental communications.

Other Responsibilities:

Supervises and/or participates in special projects, as appropriate.

Education/Experience Requirements:

Bachelor's degree in Accounting, Finance, or Business Administration or equivalent professional experience in the securities industry. Law degree or Master’s degree a plus.
Minimum of 10 years of superior performance as an investigator, attorney, or similar experience in the securities/financial industry with substantive knowledge of regulatory compliance.
Knowledge of FINRA rules and the federal securities laws with specific knowledge of the Securities Exchange Act of 1934 is a plus.
Must have experience managing and leading others in a team environment.
Exceptional oral and written communication skills.
Demonstrated ability to simultaneously handle numerous tasks and potentially analyze and assess complex matters related to securities laws violations.

For work that is performed in CA, CO, HI, MN, VT, IL, Jersey City, NJ, NY, NY, MD, Washington DC, and WA the chart below outlines the proposed 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 $146,200, Maximum Salary $296,100

CO/HI/MN/VT*: Minimum Salary $127,300, Maximum Salary $246,600

IL*: Minimum Salary $139,800, Maximum Salary $271,400

Jersey City, NJ/NY, NY: Minimum Salary $152,700, Maximum Salary $296,100

MD/Washington, DC: Minimum Salary $146,200, Maximum Salary $283,800

WA: Minimum Salary $127,300, Maximum Salary $283,800

*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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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.

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