Senior Officer-Associate Director (Office of Broker-Dealer Finances)
Washington, District of Columbia
About 2 weeks left
Salary: $207,830 – $315,481
per year
(SO-1)
Salary context
Based on 329 annual-salary jobs in the same occupational series. This role pays above most similar positions.
Job Details
Position Overview
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
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.
Qualifications & Requirements
Applicants are responsible for confirming all required materials are submitted by the closing date of the announcement. Please check the How You 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:
- 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
- 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.
- 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.
- 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.
- 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.
- 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.
- Legal and Regulatory Analysis: Conducts analysis and prepares documents and reports in compliance with Federal law that governs the rulemaking process.
- Rule Development: Prepares recommendations for rules that meet desired policy objectives within the agency's statutory authority or that implement legislation.
- 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.
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.
Evaluations
Your resume and application package will first be reviewed to determine whether you meet the minimum qualification requirements outlined in the announcement. Please do not submit an Accomplishment Record at this time.
If you are found minimally qualified, the Office of Human Resources will contact you to request an Accomplishment Record. You will have 3 business days from the date of the request to submit it. Failure to submit the Accomplishment Record on time will remove you from further consideration. A response is required even if an Accomplishment Record was submitted at time of application. Because of the short turnaround time, you are strongly encouraged to begin preparing your Accomplishment Record in advance.
Once your Accomplishment Record is received, a rating panel will review both your resume and your narrative responses. Your Accomplishment Record must clearly demonstrate your proficiency in the competencies listed in the Qualifications section.
Click here for guidance on writing your Accomplishment Record.
Your resume must provide evidence that supports the claims in your Accomplishment Record. Each narrative must describe one specific, relevant example from your experience or training. Responses are limited to 300 words per competency; any text beyond this limit will not be reviewed.
Accomplishment Record Format:
Competency Title
- Position title and dates from your resume that this experience was obtained
- Describe the situation (i.e., the challenged faced, the problem solved)
- Describe the specific actions you took
- State the outcome, results, or long-term impact of your accomplishment
- Name and email address of someone who can verify this information
Reference checks may be conducted as part of the final selection process, and you will be notified before any contacts are made.
Basis for Rating: The rating panel will evaluate applicants' accomplishment records and resume, then place them into one of the following categories:
- Highly Qualified - Meets the minimum qualification requirements and has extensive skills and experience in most of the job related competencies.
- Well Qualified - Meets the minimum qualification requirements and has a moderate amount of skills and experience in most of the job related competencies.
- Qualified - Meets the minimum qualification requirements, but may have a limited amount of experience in several of the job related competencies.
To preview the Questionnaire, click https://apply.usastaffing.gov/ViewQuestionnaire/13034959
Required Documents
You must provide a complete Application Package, which includes:- Required: Your responses to the Questionnaire.
- Required: Resume - Resumes should include relevant work experience, with specific employment dates, that demonstrates qualifications for the specialized experience and competencies as outlined above. If your resume does not reflect demonstrated evidence of these qualifications, you may not receive consideration for the position. Resumes that exceed two pages will be deemed ineligible and receive no further consideration. For resume writing tips, visit USAJOBS and the SEC careers page.
- Required, if applicable: Veteran's documentation (DD-214, member 4 copy or other documentation containing dates of service and character of discharge.)
- Required: Unofficial Transcripts - Applicants must submit unofficial transcripts, as outlined under the "Education" section, with their application, demonstrating that they satisfy the specified degree and coursework requirements. If selected for the position, candidates will be required to provide an official transcript showing the degree conferred date, certificate of good standing proof of active bar membership in good standing (i.e. certificate of good standing).
How to Apply
To apply for this position, you must complete the online application and submit the documentation specified in the Required Documents section below.A complete application package must be submitted by 11:59 PM (EST) on the closing date of the announcement to receive consideration. No additional documentation will be accepted after the closing date of the announcement.
- To begin, click Apply to access the online application. You will need to be logged into your USAJOBS account to apply. If you do not have a USAJOBS account, you will need to create one before beginning the application.
- Follow the prompts to select your resume and/or other supporting documents to be included with your application package. You will have the opportunity to upload additional documents to include in your application before it is submitted. Your uploaded documents may take several hours to clear the virus scan process.
- After acknowledging you have reviewed your application package, complete the Include Personal Information section as you deem appropriate and click to continue with the application process.
- You will be taken to the online application which you must complete in order to apply for the position. Complete the online application, verify the required documentation is included with your application package, and submit the application.
By submitting your application, you are certifying the accuracy of the information contained in your application. If you make a false statement in any part of your application, you may not be hired, you may be terminated after you begin work, or you may be fined or jailed. After making a tentative job offer, we will conduct a suitability/security background investigation. You will be required to submit official documentation before appointment. The agency will then verify the information provided on your application (i.e., degree, Veterans' Preference, certification of disability, etc.).
Candidates external to the SEC will be allowed to submit a comprehensive resume for pay setting purposes after a tentative offer is made. If the applicant fails to provide the comprehensive resume by the specified deadline, the resume submitted at the time of application will be used to determine pay. No additional documentation will be accepted after the deadline.
Source: Data sourced from USAJOBS