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Associate Principal Risk Specialist - All FINRA Locations at FINRA.

Posted in General Business 14 days ago.

Type: Full-Time
Location: Jericho, New York

Job Description:

The Associate Principal Stock Record Specialist demonstrates a proficient level of competence in analyzing member firm data collected during examinations and investigations to identify potential control and compliance weaknesses and risks associated with the financial operations of member firms. The Specialist works closely with Risk Monitoring Staff, Firm Examination teams, Cause Examinations, and Enforcement Investigators & Attorneys, as necessary. The Specialist has subject matter expertise in member firms’ financial responsibilities and legal requirements such as the net capital rule, customer protection rule and financial reporting obligations and liquidity and credit risks.

Essential Job Functions:

  • Conducts and memorializes analyses of varying degrees of risk and complexity. Conducts analyses of low to medium complexity with minimal supervision and guidance. Participates in analyses of high risk and complexity with general supervision and guidance.

  • Participates in projects that may include but is not limited to assisting in the development of training in area of specialization and coordinating with other specialists, risk analysts and data scientists to develop new analytical methods, processes, and tools. 

  • Conducts analyses related to inquiries received from Risk Monitoring, Firm Examinations, Cause Examinations, Market Regulation, and Enforcement staff with general supervision and guidance.

  • Conducts firm-specific examination-based tasks that may include, but is not limited to: (1) risk identification analysis conducted in collaboration with Member Supervision examination staff (2) analysis conducted in relation to internal/external tips (3) analysis conducted related to referrals 

Education/Experience Requirements:

  • Bachelor's Degree or an equivalent combination of education and experience required. Major in Accounting, Finance, Economics, Business Administration, Cybersecurity, Computer Forensics, Data Analytics or related fields preferred. Advanced degree/certification a plus.

  • Moderate securities, compliance or financial regulatory experience. Moderate experience related to Customer/PAB Reserve Formula, Net Capital Computation, Possession or Control and Segregation Requirements, and Liquidity (5+ years) preferred. 


Knowledge Requirements: 

  • Intermediate knowledge of FINRA's risk fundamentals

  • Intermediate knowledge of Customer Protection and Net Capital securities rules and regulations

  • Moderate knowledge of financial and operational risks/financial products specific to specialization


Skill Requirements:

  • Ability to effectively articulate matters with low to moderate degree of complexity through verbal and written communications

  • Intermediate critical thinking, research and analytical skills

  • Ability to manage time effectively and complete assignments within budgeted timeframes

  • Ability to work independently with moderate supervision

  • Ability to identify and prioritize risk with moderate supervision

For work that is performed in CA, CO, New York, NY 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.

California: Minimum Salary $82,000, Maximum Salary $160,300

Colorado: Minimum Salary $74,600, Maximum Salary $133,500

New York, NY: Minimum Salary $89,500, Maximum Salary $160,300

Washington: Minimum Salary $74,600, Maximum Salary $153,600


To be considered for this position, please submit an application.

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.

Please note: If the “Apply Now” button on a job board posting does not take you directly to the FINRA Careers site, enter into your browser to reach our site directly.

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 accommodation help line at 240.386.4865. Please note that this number is exclusively for inquiries regarding application accommodations.

Employees may be eligible for a discretionary bonus in addition to base pay. 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 and many other benefits. 

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 (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 is an Equal Opportunity and Affirmative Action Employer

All qualified applicants will receive consideration for employment without regard to age, citizenship status, color, disability, marital status, national origin, race, religion, sex, sexual orientation, gender identity, veteran status or any other classification protected by federal state or local laws as appropriate, or upon the protected status of the person’s relatives, friends or associates.

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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