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FINRA is seeking a well-qualified individual for our
Senior Vice President, Chief Economist
. To be considered for this position, please submit your resume through our career site at
The Chief Economist will provide overall leadership for the Office of The Chief Economist, the office within FINRA that is responsible for producing analysis on the economic impacts of FINRA rulemaking. This position will work in close coordination with the Chief Legal Officer and the Office of General Counsel. Specific responsibilities include providing leadership and direction to a team of economists and finance professionals who are responsible for the gathering and analyzing of data on securities firms and markets to support economic impact analysis and assessing the costs and benefits of regulations. The Chief Economist will produce original research, design, and contract and supervise research by outside consultants. When needed, the individual will be on call to respond to urgent research demands by a wide number of internal constituencies.
Essential Job Functions:
Advise the Office of the CEO on economic and public policy topics of a technical nature and make oral and written recommendations to mid-level staff, senior management (including the Management Committee), industry taskforces, and regulators. Maintain a high level of expertise on industry operations and developments.
Partner with the Office of General Counsel and other departments in reviewing, analyzing, and articulating the economic impact of existing and potential rule making actions. Participate in a retrospective review process to evaluate the effectiveness and costs of existing FINRA rules.
Lead and develop an internal staff of economists and other financial experts. Where necessary, assess internal needs for external expertise, determine the appropriate scope of projects, design technical characteristics, write Terms of Reference, manage contracts, and monitor the quality of outsourced projects. Respond to immediate informational or analytical demands by a wide variety of internal constituencies, and respond to tight deadlines on analytical issues. Responsible for all compliance tasks related to the Office of The Chief Economist (including records retention, compliance with internal and external rules and regulations, administrative procedures, etc.).
Monitor market developments by studying external research and publications and meet with outside experts. Consult with FINRA risk offices and Emerging Regulatory Issues staff regarding ongoing FINRA processes to monitor and respond to industry and market developments.
As requested, teach industry members and regulators at the FINRA Institute, on a variety of economic and regulatory topics.
Provide economic support and advice on litigation support matters.
Regularly participate on external economics and finance conferences on behalf of FINRA.
Participate in and present to a variety of task forces with industry members, fellow regulators, and outside experts.
Responsible for leading the FINRA Economic Advisory Board, a group of outside experts in securities regulation and financial markets that provides input to FINRA concerning emerging issues in the marketplace.
Ph.D. in economics or public policy is required.
Technical knowledge of cost-impact analysis is required.
9 to 15 years of post-college work experience and experience in the financial services field, in highly regulated industries and in relevant regulatory and policy environments is required.
Experience working in regulatory environment preferred.
Experience in evaluating from a comparative perspective the effectiveness of both domestic and international regulatory frameworks. Experience in analyzing level and distribution of fees and tariffs assessed to industry. A record of self-directed, peer-reviewed, published research on topics related to financial markets and regulation is required.
Documented knowledge (such as original publications or graduate-level courses) of: theories of regulation, privatization & deregulation, balanced scorecard methodology, market microstructure theory, industrial organization, organizational performance measurement, and organization theory are required.
Strong leadership and management skills are required.
Proven project management skills and expertise in organizing multi-disciplinary taskforces is desired.
A solid, documented record of teaching to both graduate level and industry/practitioner audiences and in delivering presentations to senior management of large organizations is desired.
Work is normally performed in an office environment.
Work on extended hours is normal.
Travel is required.
There are limitations to publishing academic and journalistic articles or papers on matters related to the securities industry.
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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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.
In addition to a competitive salary, comprehensive health and welfare benefits, and incentive compensation, FINRA offers immediate participation and vesting in a 401(k) plan with company match. You will also be eligible for participation in an additional FINRA-funded retirement contribution, our tuition reimbursement program and many other benefits. If you would like to contribute to our important mission and work collegially in a professional organization that values intelligence, integrity and initiative, consider a career with FINRA.
Please note: 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. As standard practice, employees must also complete FINRA's Employee Confidentiality and Invention Assignment Agreement and comply with the company's policy on nepotism.
The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA's mission is to protect America's investors by making sure the securities industry operates fairly and honestly. All told, FINRA oversees nearly 4,600 brokerage firms, about 164,000 branch offices and approximately 632,000 registered securities representatives.
FINRA's independent regulation plays a critical role in America's financial system and touches virtually every aspect of the securities business-from registering and educating industry participants to examining securities firms; writing rules; enforcing those rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms. We also perform market regulation under contract for the major U.S. stock markets, including the New York Stock Exchange, NYSE Arca, NYSE Amex, The NASDAQ Stock Market and the International Securities Exchange.
FINRA has approximately 3,000 employees and operates from Washington, DC, and New York, NY, with 20 regional offices around the country.
In today's fast-paced and complex global economy, FINRA is a trusted advocate for investors, dedicated to keeping the markets fair and proactively addressing emerging regulatory issues before they harm investors or the markets.
Find out more about us and how we work-and view our current openings-at
FINRA is an Equal Opportunity and Affirmative Action Employer
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FINRA is one of the long arms of the law for the securities industry. A non-governmental regulatory authority, FINRA regulates all...