Assistant General Counsel, Regulatory

Render senior-level legal advice and support in connection with the complete life cycle of the adoption of new regulatory initiatives, and serve as subject matter resource in one or more areas of legal expertise. This is senior-level professional work in which incumbents are developing their roles, increasing their skills, assuming increased responsibility, and working under general guidance.

Essential Job Functions:

• With limited oversight, advise the Board of Governors and FINRA advisory committees with respect to complex and sensitive regulatory initiatives and rule changes under consideration by the Board.
• Assist in briefing and communicating complex and sensitive regulatory initiatives to senior executives of FINRA. Must be able to provide such analysis under urgent deadlines.
• Serve as a source of legal expertise within FINRA in many subject areas and provide expert advice on questions in these subject areas.
• Prepare Board materials that contain sophisticated analyses and discussions of competing policy or political considerations necessary for the informed judgment of the issues by the Board.
• Review and draft new rule proposals with greater independence; gather and incorporate views of industry participants, other regulators, senior staff and other interested parties; and prepare rule filings to the SEC.
• Work closely with Regulatory Economics and Market Analysis (REMA) in conducting economic impact assessments of rulemakings.
• Together with senior-level OGC attorneys, meet with senior staff of SEC, industry groups and other interested parties concerning regulatory initiatives.
• Represent FINRA before industry groups.
• Prepare Regulatory Notices, rule guidance and other correspondence with member firms, their outside counsel and other interested parties.
• Conduct and oversee legal and other research into matters of regulatory policy as necessary to (1) develop rule proposals and to respond to internal and external comments, and (2) respond to interpretive and exemptive requests.
• Identify and present original, creative, innovative and sophisticated solutions and proposals for changes to existing rules, including the elimination or reduction of unnecessary regulation and the adoption of new rules.
• Serve as liaison to FINRA advisory committees as assigned.
• Keep abreast of and analyze SEC, industry and other self-regulatory organization initiatives, and develop and maintain strong working relationships with SEC staff and other regulators.
• Attend and speak at regulatory policy public conferences and meetings of FINRA advisory committees on areas of subject matter expertise.
• Demonstration of FINRA’s values
• Collaboration, both in-person and virtually, in furtherance of FINRA’s mission of investor protection and market integrity

Other Responsibilities:

• Lead or participate in ad hoc special projects and initiatives as requested.

• Provide status reports of assigned matters or projects.

• Develop communications as needed for Chief Legal Officer and other senior management.

• Provide and implement suggestions to increase efficiency and effectiveness of office procedures.

• Train and mentor other attorneys, regulatory analysts, legal assistants, and administrative assistants in OGC.

Education/Experience Requirements:

• A law degree and appropriately licensed to practice law in all applicable jurisdictions based on the relevant licensing requirements.

• A minimum of eight years of directly related legal experience.

• Advanced knowledge of laws, rules, and regulations governing the securities industry.

• Strong organizational skills.

• Excellent oral and written communication skills.

• Excellent judgment, analytical, and interpersonal skills.

Work Conditions:

• Hybrid work environment, with defined in-person presence.

• Occasional travel and extended hours may be required.

For work that is performed in CO, FL, TX, IL, PA, MA, MD, VA, Washington, DC, NY and NJ, please refer to the chart below for the salary range for the corresponding location. FINRA complies with all state and local pay transparency laws and regulations requiring the disclosure of salary ranges for the position. 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 market considerations.

CO/FL/TX: Minimum Salary $131,100, Maximum Salary $254,000

IL/PA: Minimum Salary $144,000, Maximum Salary $279,500

MA/MD/VA/Washington, DC: Minimum Salary $150,600, Maximum Salary $292,300

NY/NJ: Minimum Salary $150,600, Maximum Salary $305,000

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