Summary

The Division of Trading and Markets is seeking applicants for the Senior Officer-Associate Director position within the Office of Broker-Dealer Finances (OBDF). This position is located in Washington, DC and is open to US Citizens.

Duties

Help

The Division of Trading and Markets seeks a Senior Officer to co-lead the Office of Broker-Dealer Finances (OBDF), overseeing financial responsibility, capital, and liquidity requirements for broker-dealers (BDs) and security-based swap dealers. OBDF oversees BD financial responsibility, including customer asset protection, reporting, and capital requirements, and administers the Commission's program for BDs, SBSDs, and MSBSPs.

Duties:

• Lead the interpretation and development of amendments to the Commission's financial responsibility rules for broker-dealers, Security-Based Swap Dealers (SBSDs), and Major Security-Based Swap Participants (MSBSPs), and provide oversight of SRO margin rules and the Securities Investor Protection Corporation (SIPC).
• Assess emerging market developments, identify regulatory risks, and recommend new or updated policies to strengthen the financial responsibility framework.
• Analyze proposed and enacted legislation affecting equity, debt, derivatives, and security-based swaps markets, and lead or support rulemaking initiatives to implement statutory changes.
• Conduct complex legal analyses on the interpretation and application of federal securities laws, Commission rules, and judicial decisions, and evaluate their impact on Division programs and priorities, and collaborate closely with senior leadership across the Division and other Commission to ensure consistent application of regulatory requirements and to advance cross-cutting initiatives.
• Provide strategic legal and policy guidance to senior officials across the Division, including on oversight of broker-dealers and SBSDs, administration of the SIPC framework, and interpretation of financial responsibility issues raised by SROs and market participants.
• Serve as a senior advisor and point of engagement with high-ranking officials in federal and state agencies, congressional offices, and private-sector executives, maintaining active liaison with key financial regulators, including the Public Company Accounting Oversight Board (PCAOB), Commodity Futures Trading Commission (CFTC), Treasury, and banking regulators.
• Oversee evaluations of internal risk management practices at ANC broker-dealers, OTC derivatives dealers (OTCDDs), and SBSDs, including reviews conducted through the Office of Broker-Dealer Inspections.

Requirements

Help

Conditions of employment

• CITIZENSHIP: You must be a US citizen.
• SELECTIVE SERVICE: Males born after 12/31/59 must be registered or exempt from Selective Service (see https://www.sss.gov/).
• SECURITY CLEARANCE: Entrance on duty is contingent upon completion of a pre-employment security investigation. Favorable results on a Background Investigation may be a condition of employment or selection to another position.
• DRUG TESTING: This position may be subjected to drug testing requirements.
• PERMANENT CHANGE OF STATION (PCS): Moving/Relocation expenses are not authorized.
• DIRECT DEPOSIT: All Federal employees are required to have Federal salary payments made by direct deposit to a financial institution of their choosing.
• SUPERVISORY TRIAL PERIOD: This appointment may require completion of a two year supervisory/managerial trial period.
• TRIAL PERIOD: Consistent with 5 U.S.C. § 7511, you will be required to serve a two-year trial period (one year for preference eligible veterans) if the position to which you have applied is not the same or similar to your current position of record.
• You must possess a J.D. or LL.B Degree and you must be an active member of the bar in good standing.
• The selectee is required to report to the duty station(s) listed.

Qualifications

Applicants are responsible for confirming all required materials are submitted by the closing date of the announcement. Please check the HowYou Will Be Evaluated and Required Documents sections carefully, as missing documents will render the application incomplete and ineligible for review.

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. All qualification requirements must be met by the closing date of this announcement.

BASIC REQUIREMENT: All applicants must possess the following:

• J.D. or LL.B. degree AND
• Active membership of the bar in good standing in any state, territory of the United States, the District of Columbia, or the commonwealth of Puerto Rico. (Note: proof of bar membership will be required before entry on duty.

MINIMUM QUALIFICATION REQUIREMENT: In addition to meeting the basic requirement, applicants must also meet the minimum qualification requirement.

• SO-01: The applicant must have at least four years post-J.D experience in addressing and providing guidance and expertise in the evaluation of legal and policy securities law issues that govern the securities industry, in particular, the Securities Exchange Act of 1934, which also includes at least three years of specialized experience:
  
  
  1. Advising clients on the Securities Exchange Act of 1934 compliance matters, particularly with respect to self-regulatory organizations broker-dealers, derivatives, including security-based swaps markets; AND
  2. Demonstrated ability to evaluate and interpret complex financial products and structures, and to analyze novel or multifaceted regulatory issues to ensure the legal adequacy, accuracy, and sufficiency of disclosures and related obligations.

ACCOMPLISHMENT RECORD COMPETENCIES: Your Accomplishment Record narratives should address the following competencies. See the How You Will Be Evaluated section below for more information:

1. Leading the Organization: Building and support the organization's vision, create strategies to achieve the vision, support and lead innovative and creative initiatives to meet organizational goals.
2. Leading and Developing People: Ability to recruit, lead, develop and manage the workforce, constructively manages differences and potential conflicts between employees, building teams that meet and exceed SEC's mission, strategic plan, and goals.
3. Results Orientation: Ability to meet organizational goals by effectively managing program area, identifying and solving important problems, making sound and timely decisions, and effectively managing and sharing information.
4. Building Coalitions: Ability to build coalitions by partnering with others to build strategic relationships, influencing and negotiating with those in sphere of influence to achieve favorable outcomes for SEC.
5. Legal and Regulatory Analysis: Conducts analysis and prepares documents and reports in compliance with Federal law that governs the rulemaking process.
6. Rule Development: Prepares recommendations for rules that meet desired policy objectives within the agency's statutory authority or that implement legislation.
7. Market Risk Analysis: Advises on operational risks and practices requiring an understanding of the marketplace landscape to inform and support policy development.

Education

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 your courses, grades, semester, year, and credit for the course. If you are qualifying for this position by substituting education or training for experience, you must submit a copy of your unofficial transcripts or equivalent by the closing date of the announcement. Qualifying education must have been obtained from an accredited college or university recognized by the U.S. Department of Education. Internal Applicants: OHR will verify education qualifications for internal applicants using documents in the Electronic Official Personnel Folder (eOPF). If required transcripts or certificates are not present in your eOPF, you will be required to provide them to OHR. If selected, a start date will not be established until official transcripts are received.

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. For more information, click here.

Applicants may also find the following helpful:

National Association of Credential Evaluation Services (NACES) is an association of 19 credential evaluation services with admission standards and an enforced code of good practice.

Association of International Credentials Evaluators (AICE) is an association of 10 credential evaluation services with a board of advisors and an enforced code of ethics.

Additional information

Supplementary vacancies may be filled in addition to the number stated in this announcement and may be filled from any division or office within the agency.

SEC COMPENSATION PROGRAM: The overall salary range listed above is provided for informational purposes; a selectee's initial pay will be established below the maximum rate of the range. The pay for current SEC employees will be determined according to the procedures specified in the agency's policy. Please click here for a compensation overview.

Disability Employment: For information on disability appointments, click here.

Reasonable Accommodation: If you are an applicant who needs a reasonable accommodation to participate in the SEC application process due to a medical disability, please contact [email protected]. For religious-based accommodations, please contact [email protected] . Please be sure to submit your request at least 5 business days in advance of the date you need the requested accommodation.

Benefits

Help

A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.

Review our benefits

Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.