Director, Risk Monitoring

To ensure the implementation and completion of the Risk Monitoring Program for a specific Organizational Business Model or Business Segment through daily management of Risk Monitoring Analysts.

Essential Job Functions

• Actively supervises the activities of Risk Monitoring Analysts in their conduct of risk monitoring activities, front-line responsibility for timeliness, precision and quality of risk assessments, related reports, intelligence, and regulatory responses shared with Risk Monitoring, Examinations and other departments for a portfolio of firms within an Organizational Business Model or Business Segment.

• Oversees development of risk-based Regulatory Responses that address identified risks and evaluation of the adequacy of firm corrective actions to assist with Examination Strategy.

• Implements and provides direction on the goals and objectives for a risk monitoring program specific to firms in an Organizational Business Model or Business Segment’s Risk Monitoring team, effectively collaborates and coordinates with aligned Risk Monitoring leadership, while managing activities of downline staff to ensure the goals and objectives are met.

• Ensures exam strategy includes applicable risks and that corrective action is taken.

• Day-to-day management, directing completion and outcome of continuous real-time risk identification for a portfolio of member firms. Ensures the accurate prioritization risk, through an understanding of firm business activities, the risks associated with those business activities and the controls in place to mitigate those risks; oversees development and execution of regulatory responses (i.e., firm meetings, exams, heightened supervision, etc.).

• Serves as a primary resource to the Senior Director for updates; responsible for identifying and surfacing key or emerging issues within business segments, and briefings on current firm information. Actively communicates, supports and implements corporate, department and team decisions.

• Responsible for overseeing coordination with Membership Application Program (MAP) group, timeliness and quality of risk monitoring work in MAP applications, and resolving other material business changes. In addition, represent the Organizational Business Model/Segment in complex and elevated risk FINRA member interviews.

• Develops and coaches Risk Monitoring staff, to include development plans, performance evaluations, and overall performance management.

• Serves as a proxy for the Senior Director as needed in meetings on firms or examinations, as well as day-to-day interactions with external regulatory agencies and other related stakeholder organizations.

• Along with risk monitoring senior management, responsible and accountable for the process of interviewing, onboarding and retaining staff.

• Participates in industry conferences and meetings in support of FINRA outreach initiatives.

• Manages and provides direction to support special projects, surveys, committee assignments and technology initiatives impacting Risk Monitoring (i.e. the identification of technology needs by Risk Monitoring and the development of Business Requirements).

• Demonstration of FINRA’s values.

• Collaboration, both in-person and virtually, in furtherance of FINRA’s mission of investor protection and market integrity.

Education/Experience Requirements

• MBA, JD, other graduate degree and/or relevant industry certification(s) preferred.

• Bachelor's Degree or an equivalent combination of education and experience required. Major in Accounting, Finance, Economics, Business Administration, or related fields preferred.

• Demonstrated advanced working knowledge of the securities and/or financial-related industry required with substantive experience related to a FINRA firm grouping preferred.  Has participated in or led Finance or Business specific projects, directing Associates; Can lead a variety of projects across multiple disciplines/businesses.

• FINRA Securities Industry Essentials (SIE) certification or acceptable industry equivalent certification is required upon hire or within 16 months of the start date of the assigned SIE training cohort.

Knowledge Requirements

• Strong working knowledge of securities industry rules, regulations and related guidelines, including:

• Advanced knowledge of FINRA's nine risk fundamentals

• Advanced knowledge of securities rules and regulations

• Advanced knowledge of firm business models, business lines, customer bases, products and services

• Intermediate-to-Advanced knowledge of U.S. GAAP accounting standards

Skills Requirements

• Ability to anticipate how material industry risks are manifested, identify trends and patterns for firms in a Firm Group or sub-group, design and implement methods necessary for proactive risk identification and advise and consult effective regulatory responses necessary to address such risks.

• Proficiency of Microsoft Office suite of applications.

• Exemplifies the FINRA Leadership Characteristics and serve as a role model for staff in the department.

• Strong leadership skills, including the ability to deal effectively with people, to make decisions, and find solutions, to encourage and support change, and to deal with problem situations involving member firms and individuals in situations.

• Ability to manage risk monitoring execution staff and effectively influence while providing advice and guidance.

• Ability to manage a team of direct reports responsible for execution of risk monitoring program components for a portfolio of firms. Provides support, coaching, and counsel to the team. Manages the development of team members by authoring and assigning goals, conducting periodic coaching and feedback reviews, and administering annual performance evaluations.

• Work independently, possess strong project management and organizational skills.

• Self-starter and able to administer a number of complex assignments related to their firm portfolio, as well as special projects, concurrently, including unstructured assignments that require autonomy and independent judgment.

• Excellent written and verbal communication skills, including interpersonal skills and presentation skills.

• Establish and maintain effective working relationships at all levels inside and outside the organization.

• Strong interpersonal, negotiation, and diplomacy skills, with a high comfort level in relations with FINRA senior staff, while directing Risk Monitoring execution staff from multiple locations.

Work Conditions

• Hybrid work environment, with defined in-person presence requirements.

For work that is performed in Los Angeles and San Francisco, CA, CO, CT, IL, PA, MA, MD, VA, WA, DC, NY, NJ, WA please refer to the chart below for the salary range for the corresponding location. FINRA complies with all state and local pay transparency laws and regulations requiring the disclosure of salary ranges for the position. 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 market considerations.

Los Angeles, CA: $180,782 - $271,172

San Francisco, CA: $189,821 - $284,731

Boston, MA: $154,400 - $299,600

Chicago, IL: $147,600 - $286,500

Denver, CO: $134,400 - $260,400

Jericho, NY: $154,400 - $299,600

Jersey City, NJ: $161,200 - $312,600

Philadelphia, PA: $147,600 - $286,500

New York, NY: $161,200 - $312,600

Rockville, MD: $154,400 - $299,600

Tysons, VA: $154,400 - $299,600

Washington, DC: $154,400 - $299,600

Woodbridge, NJ: $154,400 - $299,600

Connecticut State: $134,400 - $312,600

Washington State: $134,400 - $312,600

#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 o