Full Job Description
The Analyst applies analytical and communication skills to conduct and coordinate the handling of various requests for review and economic impact assessment (EIA) of FINRA rulemaking at all phases of the process. The incumbent will assist, with supervision, the Chief Economist, Senior Director and OCE staff in order to assure the timely review and completion of the EIAs associated with FINRA rulemaking. The Analyst will be expected to identify, research and analyze economic matters, and is responsible for drafting economic impact assessments and other materials in support of the work of the Office.
Essential Job Functions:
- Serves as an initial reviewer of all requests for economic impact assessment of FINRA rulemaking. Evaluates materials to determine the complexity of the economic issues and presents the results of this research including interpretations, findings, and recommendations. Escalates urgent, high-profile and complex requests to the Senior Director and the Chief Economist. Conducts economic impact assessments of more routine FINRA rules, including analyzing the need for regulatory action and potential impacts, collecting and analyzing data in support of the analysis where necessary and drafting the analysis for inclusion in internal communications, Regulatory Notices and rule filings.
- Works closely with the Chief Economist and Senior Director on the development of policies and procedures for conducting EIA, including drafting of policies and procedures for use and reference by all impacted FINRA staff.
- Responsible for tracking all rulemaking support of the Office, including communication with the Office of the General Counsel and other FINRA staff to ensure appropriate prioritization of the rulemaking support of the Office.
- Conducts research regarding the evaluation of economic impacts of regulation, including best practices, trends and other assignments at the direction of the Chief Economist.
- Supports OCE economists with any other matters, special projects and initiatives relative to FINRA business.
- Supports the culture within FINRA of full cooperation with the SEC, and of providing full and accurate responses to regulatory requests.
- This position entails high visibility representation of OCE within FINRA, including internal communications with all FINRA Departments. As a result, the Analyst must have good independent judgment and credibility in all communications.
- Bachelor’s Degree in economics, finance, or related discipline required; Advanced Degree preferred.
- A minimum of two (2) years of related professional experience or equivalent academic background in the economics of regulation is required, (e.g., J.D, MBA, or Masters’ Degree in economics, finance or related area) at FINRA, an SRO, the SEC, or law firm. Competence working with the full suite of Microsoft Office applications.
- The ideal candidate is intellectually curious, possesses strong research and communication skills to include team and interpersonal skills.
- Strong oral and written communication skills.
- Strong judgment and interpersonal skills.
- Strong organizational and analytical skills.
Normal Office Conditions. Extended hours may be required.
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.
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Employees may be eligible for a discretionary bonus in addition to base pay. FINRA also provides a variety of benefits including comprehensive health and welfare benefits, life and disability insurance, paid holidays, vacation, personal, and sick leave. 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.
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.
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