The Financial Industry Regulatory Authority (FINRA) is seeking a well-qualified individual for our Principal Examiner opening in New York, NY. To be considered for this position, please submit your resume through our career site at www.finra.org/careers – no phone calls, please.
Conducts on-site examinations and advises surveillance staff on how to assess the effectiveness of member organization's technology systems and internal controls designed to support their business activities, financial reporting and operational condition and to ensure compliance with SEC and FINRA rules and regulations.
Essential Job Functions:
Critically analyzes, examines, and evaluates the internal controls and risks of technology processes and systems used by member firms’ to determine quality and reliability of their technology infrastructure that supports the trading, financial and operational compliance of complex carrying and clearing member organizations.
Examines applications requiring the testing of data quality and integrity in member organizations’ technology infrastructure that supports trading, financial reporting, operations, books and records, risk management, and compliance.
Participates on business process (integrated) examinations by evaluating the application controls and systems that support the business process or control function under review.
Interacts with firm personnel in areas such as operations, trading, compliance, risk management and regulatory reporting and other key business, control and technology areas that support our examination program.
Analyzes internal controls in key areas of risk and evaluates systems used by member firms to determine quality and reliability.
Performs tests for compliance of internal control policies and procedures within business process and information technology environments resulting from major organizational changes, implementation of new technologies, new products, or reliance on third party service providers.
Communicates examination findings and related issues both verbally and in written correspondence to senior management of FINRA, member organizations’ and other regulatory agencies.
Prepares final written examination reports and conducts exit interviews to provide member firms with information on regulatory concerns noted during exams to take corrective action.
Supervises and provides guidance, training and technical support to examiners; evaluate examination team and act as liaison with Examination Directors and office staff.
Reviews examination work papers and report to determine the quality and accuracy of examination findings. Manages multiple assignments where appropriate to assist the division in meeting its goals.
Works in a team environment, with opportunities to supervise others and interact with senior member firm and FINRA personnel
Participates in the development and presentation of educational training programs on regulatory matters.
Makes recommendations to Unit management for enhancements to examination scopes.
Represents the Unit/Division on internal committees and special projects.
Remains abreast of new or emerging information technologies, products and best practices.
Bachelor's degree in MIS, Information Technology, Accounting, Finance, or related field. Professional Certifications such as CIA, Certified Information Systems Auditor (CISA), Certified Information Systems Security Professional (CISSP) highly desirable.
Minimum of seven years or related experience within IT audit or internal audit in the securities industry or financial or regulatory experience, including prior examination and/or auditing experience.
Knowledge of internal controls provisions and methodologies such as IT General and Application Controls, COBIT, and COSO.
Knowledge of SEC and FINRA rules and regulations, and generally accepted accounting principles a plus.
Knowledge of auditing techniques and methodologies such as SAS 70 and SOX controls.
Demonstrated experience with internal controls, risk assessments, business process and internal IT control testing or operational auditing.
Ability to evaluate new products and systems.
Excellent interpersonal, organizational, written and verbal communication skills and computer proficiency in Microsoft Office suite applications is essential. (e.g., MS Word, Excel).
Ability to independently evaluate the financial, operational, and supervisory systems and internal controls of major member firms.
Ability to supervise, train and evaluate staff.
Employer does not assist with relocation costs.
Internal Number: 006962
About Financial Industry Regulatory Authority (FINRA)
FINRA is dedicated to investor protection and market integrity. It regulates one critical part of the securities industry – brokerage firms doing business with the public in the United States. FINRA, overseen by the SEC, writes rules, examines for and enforces compliance with FINRA rules and federal securities laws, registers broker-dealer personnel and offers them education and training, and informs the investing public. In addition, FINRA provides surveillance and other regulatory services for equities and options markets, as well as trade reporting and other industry utilities. FINRA also administers a dispute resolution forum for investors and brokerage firms and their registered employees. For more information, visit www.finra.org.