RIMS Career Center

Position: Securities Compliance Examiner

Open and Close Dates: 04/28/2023 to 05/12/2023

Location: Chicago, IL, Denver, CO, Miami, FL, New York, NY, and Washington, DC

Salary: $66,640 - $149,829 per year

Application link: https://www.usajobs.gov/job/722669700

Summary

The Broker-Dealer and Exchange Examination Program within the Division of Examinations is hiring multiple positions in the following locations: Chicago, IL, Denver, CO, Miami, FL, New York, NY, and Washington, DC.

Conditions of Employment

CITIZENSHIP: This position is open to US Citizens.

Typical duties include:

If selected, you will join a team in the Division of Examinations responsible for conducting examinations of broker-dealers, national securities exchanges, transfer agents, municipal advisors, the Public Company Accounting Oversight Board and the Securities Investor Protection Corporation.

• Working as a member of a team of examiners with various levels of experience and professional backgrounds to conduct examinations.
• Evaluating possible risks to investors and the financial markets of registered securities-related financial institutions' business models and practices based on review and analysis, through modern quantitative techniques when possible, of information reported by the institutions to the SEC and other internal and external data sources.
• Executing risk-based examination plans, which frequently involves: (i) analyzing a financial institution's operations and procedures, sales practices, supervisory systems, books and records, and financial statements, (ii) reviewing investigatory complaints, (iii) investigating new financial products, (iv) examining specialized securities, (v) interviewing principals of registrants, and/or (vi) analyzing performance calculations to assess the level of compliance with federal securities laws and/or self-regulatory requirements.
• Developing recommendations and reports, presenting and defending findings, and collaborating as required with legal staff.

Qualifications

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. Qualifying education must have been obtained from an accredited college or university recognized by the U.S. Department of Education.

MINIMUM QUALIFICATION REQUIREMENT: Applicants must also meet the minimum qualification requirement.

SK-09: Applicant must have at least one of the following:

one year of specialized experience equivalent to at least the GS/SK-07 level in at least one of the following areas: 1) Assisting with the audits, examinations, investigations, or compliance reviews of federally regulated financial institutions; 2) Assisting with the analysis of financial, operations or securities data; or 3) Assisting with the review of policies and procedures, internal controls, or internal risk management programs; OR 4) Engaging in back office support functions such as settlements, clearances, record maintenance, accounting, and IT services for securities-related financial institutions;

a Master's or equivalent graduate degree in business administration, finance or accounting; 2 full years of progressively higher level graduate education leading to such a degree in business administration, finance or accounting; or LL.B. or J.D. if related. Such education must demonstrate the knowledge, skills, and abilities necessary to do the work. One year of full-time graduate education is considered to be the number of credit hours that the school attended has determined to represent 1 year of full-time study. If that information cannot be obtained from the school, 18 semester hours should be considered as satisfying the 1 year of full-time study requirement; OR

a combination of education and experience which includes education exceeding one year of graduate study in business administration, finance or accounting and at least six (6) months of specialized experience equivalent to GS/SK-07 level as described in A above.

SK-11: Applicant must have at least one of the following:

one year of specialized experience equivalent to at least the GS/SK-09 level in at least two of the following areas: 1) Assisting with the audits, examinations, investigations, or internal compliance reviews of securities-related financial institutions such broker-dealers, municipal advisors, national securities exchanges, transfer agents, investment advisers, investment companies, or clearing agencies; 2) Analyzing financial, operations or securities data; 3) Assisting with projects focused on topics related to the control functions of a financial services firm; e.g. the review of procedures, practices, and records related to the issuance, distribution, and trading of securities, risk management, accounting treatment, capital treatment, financing structures, or assessment of risk controls; AND/OR 4) Engaging in back office support functions such as settlements, clearances, record maintenance, accounting, and IT services for securities-related financial institutions;

a Ph.D. or equivalent doctoral degree; LL.M., or 3 full years of progressively higher level graduate education leading to such a degree; if related to business administration, finance, or accounting; OR

a combination of education and experience which includes education exceeding two years of graduate study in business administration, finance or accounting and at least six (6) months of specialized experience equivalent to GS/SK-09 level (1) conducting the activities described in answer choice A above.

Education

ARE YOU USING YOUR EDUCATION TO QUALIFY? You MUST provide transcripts or other documentation to support your educational claims. Unless otherwise stated: (1) official or unofficial transcripts are acceptable, or (2) you may submit a list with all of your courses, grades, semester, year, and credit for the course. All materials must be submitted by the closing date of the announcement.

PASS/FAIL COURSES: If more than 10 percent of your undergraduate course work (credit hours) were taken on a pass/fail basis, your claim of superior academic achievement must be based upon class standing or membership in an honor society.

FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university. For further information, visit: http://www.ed.gov/about/offices/list/ous/international/usnei/us/edlite-visitus-forrecog.html

All qualification and applications instructions are located here: https://www.usajobs.gov/job/722669700