About this role
Job Summary
The Division of Trading and Markets (TM), Office Broker-Dealer Finance (OBDF), is seeking an Attorney-Adviser (Attorney - Broker-Dealer Finance) for its Office of Policy Regulation and Inspection (formerly the Office of Broker-Dealer Financial Responsibility) (OPR). OPR administers wide-ranging elements of TM's financial responsibility regulatory program for broker-dealers.
Qualifications
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. SK-14:In addition to the Basic Requirements, the applicant must have at least three (3) year(s) of post J.D. work experience, independently identifying legal issues, providing legal analyses, providing legal solutions/recommendations, and preparing legal documents, such as legal memoranda and presentations, which also includes at least two (2) years: Interpreting, applying, and explaining the provisions of the laws, rules, and regulations that govern the securities industry, in particular, the Securities Exchange Act of 1934, and related self-regulatory organization rules; OR Developing and justifying recommendations or conclusions related to federal, state, or local law regarding financial institutions, including experience gained through relevant litigation or enforcement activities, or similar experience in an area such as banking, commodities, or corporate.
ACCOMPLISHMENT RECORD COMPETENCIES
Your Accomplishment Record narratives should address the following competencies. See the How You Will Be Evaluated section below for more information: Competency 1: Rule Development: Prepares recommendations for rules that meet desired policy objectives within the Commission's statutory authority or that implement legislation. Competency 2: Legal and Regulatory Analysis: Conducts analysis and prepares documents and reports in compliance with Federal law that governs the rulemaking process. Competency 3: Teamwork and Collaboration: Interacts with internal and external others in a manner that advances SEC goals and objectives. Competency 4: Critical Thinking: Considers a variety of factors, general and subject matter-specific, when making decisions and determining next steps in a case.
Major Duties
- OPR works closely with other federal regulators, self-regulatory organizations (SROs), state securities regulators, and investor advocacy and industry groups.
- In addition to these matters and those listed below, OPR assists TM staff on various projects, including legal, policy, and administrative matters, as well as leading and/or facilitating special projects across TM, including matters involving multiple offices within and outside the Division.
- In this role as an Attorney - Broker-Dealer Finance, you will be responsible for: Carrying out a wide variety of duties relating to broker-dealers, including leading projects such as rulemaking initiatives and special projects, as well as reviewing draft rulemakings from other federal agencies.
- Leading projects may include significant drafting and editing responsibilities.
- Reviewing and evaluating interpretive/no-action requests regarding broker-dealer operations and financial responsibility; Drafting responses to interpretive/no-action requests regarding broker-dealer operations and financial responsibility; Reviewing and evaluating self-regulatory organization rule filings related to matters such as margin requirements; Reviewing and evaluating preliminary examination findings and enforcement cases related to broker-dealer operations and financial responsibility; Participating in emerging matters involving the intersection of non-security crypto assets and broker-dealer financial responsibility requirements, including interpretive/no-action requests and rulemaking; Participating in meetings with other US and international regulators regarding supervision and resolution matters related to broker-dealers; and Assisting with the administration of matters arising under the Securities Investor Protection Act of 1970.