The Division of Trading and Market's Office of Broker-Dealer Finances (OBDF) supervises broker-dealer financial responsibility requirements, including protection of customer assets held by broker-dealers.
Under OBDF, the 17(H) Risk Assessment Program monitors concerns that arise regarding the financial conditions of a broker-dealer, its holding company, or its affiliates pursuant to section 17(h) of the Exchange Act. This position supports the 17(H) Risk Assessment Program and serves an integral role within the OBDF Working Group, using a variety of financial data to provide comprehensive analysis.
Typical duties include:
Serve as technical expert on understanding financial conditions and issues related to liquidity, market, credit, and operations risk at regulated entities.
Perform reviews to understand the structure of regulated entities and interconnectedness with material affiliates to identify, assess and aggregate risk.
Conduct extensive research of industry, academic, and media financial information and data to present current securities industry trends and emerging concerns related to regulated broker-dealer entities.
Plan, direct, or conduct projects involving new or complex financial instruments, with an emphasis on risk management and capital treatment.
Proficient in gathering, combining and reporting on large quantities of financial data. Research and analyze such data sets to identify patterns or trends to augment risk assessment and risk monitoring over regulated entities. Enhance data management and analytic capabilities.
All qualification requirements must be met by the closing date of this announcement.
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. Qualifying education must have been obtained from an accredited college or university recognized by the U.S. Department of Education.
Degree: accounting; or a degree in a related field such as business administration, finance, or public administration that included or was supplemented by 24 semester hours in accounting. The 24 hours may include up to 6 hours of credit in business law. (The term "accounting" means "accounting and/or auditing" in this standard. Similarly, "accountant" should be interpreted, generally, as "accountant and/or auditor.") OR
Combination of education and experience: at least 4 years of experience in accounting, or an equivalent combination of accounting experience, college-level education, and training that provided professional accounting knowledge. The applicant's background must also include one of the following:
Twenty-four semester hours in accounting or auditing courses of appropriate type and quality. This can include up to 6 hours of business law;
A certificate as Certified Public Accountant or a Certified Internal Auditor, obtained through written examination; OR
Completion of the requirements for a degree that included substantial course work in accounting or auditing, e.g., 15 semester hours, but that does not fully satisfy the 24-semester-hour requirement of paragraph A, provided that (a) the applicant has successfully worked at the full-performance level in accounting, auditing, or a related field, e.g., valuation engineering or financial institution examining; (b) a panel of at least two higher level professional accountants or auditors has determined that the applicant has demonstrated a good knowledge of accounting and of related and underlying fields that equals in breadth, depth, currency, and level of advancement that which is normally associated with successful completion of the 4-year course of study described in paragraph A; and (c) except for literal nonconformance to the requirement of 24 semester hours in accounting, the applicant's education, training, and experience fully meet the specified requirements.
MINIMUM QUALIFICATION REQUIREMENT: In addition to meeting the basic requirement, applicants must also meet the minimum qualification requirement
SK-12: Applicant must have at least one year of specialized experience equivalent to the GS/SK-11 level:
Assisting higher level analysts with analyzing key financial, operational, and/or risk metrics related to a complex financial institution such as a broker-dealer, primary dealer, clearing agency, commercial bank, or hedge fund; OR
Reporting results or findings of such analysis; and taking higher level analyst and/or management-directed actions based on the results; OR
Assisting projects focused on topics related to the control functions of a financial services firm; e.g., risk management, accounting treatment, capital treatment, financing structures, assessment of risk controls, deal / investment / transaction-related due diligence, or analysis of new or complex financial instruments such as derivatives, leveraged finance commitments, or structured products, etc.
SK-13: Applicant must have at least one year of specialized experience equivalent to the GS/SK-12 level:
Analyzing key financial, operational, and/or risk metrics related to a complex financial institution such as a broker-dealer, primary dealer, clearing agency, commercial bank, or hedge fund; OR
Reporting results or findings of such analysis; and taking management-directed actions based on the results; OR
Planning or conducting projects focused on topics related to the control functions of a financial services firm; e.g., risk management, accounting treatment, capital treatment, financing structures, assessment of risk controls, deal / investment / transaction-related due diligence, or analysis of new or complex financial instruments such as derivatives, leveraged finance commitments, or structured products, etc.
About U.S. Securities & Exchange Commission
The mission of the SEC is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. We seek high-caliber professionals who share the same values of integrity, fairness, accountability, resourcefulness, teamwork and commitment to excellence. The SEC offers challenging work in a collegial environment, while enjoying quality of life and a competitive compensation package.