The primary duties of this position are to engage in statistical, econometric and financial analysis projects to evaluate the risks, costs and impacts of market practices and regulatory alternatives and to provide thought leadership in support of FINRA’s mission.
Market Structure: The candidate should have a deep knowledge of trading and the economics of one or more of the following areas:
1. Equity market microstructure
2. Fixed income markets
3. Treasury securities
4. Derivative securities
The candidate should have expertise in working with very large datasets along with panel/time series econometrics.
Essential Job Functions:
-
The Senior Economist will assume ownership and responsibility for one or more subject matter areas within FINRA’s oversight purview for purposes of the Office’s work product.
-
Research duties combine theoretical and empirical modeling skills to analyze securities markets, market participants and market microstructure in support of FINRA’s mission.
-
Analyses often involve developing and estimating models of the risks, costs and impacts of market practice and regulatory alternatives.
-
The Senior Economist will become the foremost expert in OCE in his/her area(s) of expertise.
-
The Senior Economist is able to execute responsibilities with limited direction and oversight.
-
Serves as an OCE expert for one or more subject matter areas, encompassing several functions including regular review of academic and industry reports and papers, development of and/or an execution plan for a research agenda developed around rulemaking and areas of heightened interest in that subject matter area;
-
Conducts research in support of FINRA’s mission, and writes and publishes reports on various economic and financial topics for industry and public review;
-
Presents research findings to topic area internal and external experts, including securities industry professionals and other regulators;
-
Creates written materials and oral presentations designed for senior management related to the work of the Office within the economist’s area of expertise;
-
Delivers of high quality work product that is timely, complete, accurate and of professional appearance;
-
Develops and implements research designs and analyses for large scale data projects;
-
Develops methodologies to provide assessments, calculations and analysis of relevant statistics for economic impact assessment;
-
Assesses, models and analyzes data to provide solutions and answers in a variety of engagements;
-
Works with middle and senior managers across the organization to assess their economic analysis needs and design, conceptualize, create and execute projects to meet them;
-
Exercises independent judgment in developing models, methods and approaches to determine and evaluate member firm and market behavior;
-
Act as advocate for OCE’s economic and analytical expertise in internal, cross-functional settings, including clarifying and supporting the Office’s economic analysis and interpretation during the rule-making process and other policy discussions, as well as proactively identifying and making management aware of ongoing or future projects within FINRA where OCE could add significant value;
-
Establishes and maintains external relationships with academic, industry and regulatory/government entities;
-
Represents the Office of the Chief Economist in internal and industry-wide conferences, seminars, presentations and other speaking engagements;
-
Produce multiple high quality research work products to be reviewed and vetted by academics, industry experts and regulatory staff;
-
Proactively develop new research ideas in the economist’s area of expertise based on new or emerging risks and topics of particular interest to FINRA in its oversight and regulatory role.
-
Serve as the primary liaison between OCE and the relevant business units associated with the economist’s area(s) of expertise.
-
Serve as a project lead to assist on or delegate tasks to economists and analysts, and oversee all work of staff to ensure high quality deliverables;
-
Provide written and oral status reports on projects;
-
Mentor junior economists and analysts to help in the execution of essential job duties;
Other Responsibilities:
-
May serve as a team lead to others which could include mentoring junior economist, providing performance feedback, and delegating work/tasks to other Analysts and Economists.
-
The Economist filling this position will be responsible for working on and completing other projects as needed.
Education/Experience Requirements:
-
The candidate should possess a PhD in economics, finance, statistics or a similar degree.
-
The candidate should also be able to demonstrate ample experience in producing complete economic analyses, including project design and development, econometric modeling, statistical analysis, data collection and manipulation, programming, and written reports. Candidate must have familiarity with statistical analytic tools such as R, Python, and/or SQL.
-
A minimum of 5 - 6 years of direct experience is required. The candidate must be comfortable working with a variety of people with varying skill and knowledge levels. The candidate must also be able to communicate well, both orally and in writing. The candidate must have the ability to handle multiple tasks under tight deadlines. We are seeking a self-starter who is comfortable working independently.
Work Conditions:
-
Regular office conditions; some travel may be required.
For work that is performed in CA, Washington, DC, CO, HI, New York, NY and WA, the chart below outlines the proposed salary range for the corresponding location. 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 internal peer compensation comparisons.
California: Minimum Salary $146,200, Maximum Salary $296,100
Washington, DC: Minimum Salary $146,200, Maximum Salary $283,800
Colorado/Hawaii: Minimum Salary $127,300, Maximum Salary $246,600
New York, NY: Minimum Salary $152,700, Maximum Salary $296,100
Washington: Minimum Salary $127,300, Maximum Salary $283,800
#LI-Hybrid
To be considered for this position, please submit an application. Applications are accepted on an ongoing basis.
The information provided above has been designed to indicate the general nature and level of work of the position. It is not a comprehensive inventory of all duties, responsibilities and qualifications required.
Please note: If the “Apply Now” button on a job board posting does not take you directly to the FINRA Careers site, enter www.finra.org/careers into your browser to reach our site directly.
FINRA strives to make our career site accessible to all users. If you need a disability-related accommodation for completing the application process, please contact FINRA's Employee Relations team at 240.386.4865 or by email at
EmployeeRelations@finra.org.
Please note that this process is exclusively for inquiries regarding application accommodations.
Employees may be eligible for a discretionary bonus in addition to base pay. FINRA provides comprehensive health, dental and vision insurance. Additional insurance includes basic life, accidental death and dismemberment, supplemental life, spouse/domestic partner and dependent life, and spouse/domestic partner and dependent accidental death and dismemberment, short- and long-term disability, long-term care, business travel accident, disability and legal. FINRA offers immediate participation and vesting in a 401(k) plan with company match and eligibility for participation in an additional FINRA-funded retirement contribution, tuition reimbursement and many other benefits.
Time Off and Paid Leave*
FINRA encourages its employees to focus on their health and wellness in many ways, including through a generous time-off program of 15 days of paid time off, 5 personal days and 9 sick days (all pro-rated in the first year). Additionally, we are proud to support our communities by providing two volunteer service days (based on full-time schedule). Other paid leave includes military leave, jury duty leave, bereavement leave, voting and election official leave for federal, state or local primary and general elections, care of a family member leave (available after 90 days of employment); and childbirth and parental leave (available after 90 days of employment). Full-time employees receive nine paid holidays.
- Based on full-time schedule
Important Information
FINRA’s Code of Conduct imposes restrictions on employees’ investments and requires financial disclosures that are uniquely related to our role as a securities regulator. FINRA employees are required to disclose to FINRA all brokerage accounts that they maintain, and those in which they control trading or have a financial interest (including any trust account of which they are a trustee or beneficiary and all accounts of a spouse, domestic partner or minor child who lives with the employee) and to authorize their broker-dealers to provide FINRA with duplicate statements for all of those accounts. All of those accounts are subject to the Code’s investment and securities account restrictions, and new employees must comply with those investment restrictions—including disposing of any security issued by a company on FINRA’s Prohibited Company List or obtaining a written waiver from their Executive Vice President—by the date they begin employment with FINRA. Employees may only maintain securities accounts that must be disclosed to FINRA at one or more securities firms that provide an electronic feed (e-feed) of data to FINRA, and must move securities accounts from other securities firms to a firm that provides an e-feed within three months of beginning employment.
As standard practice, employees must also execute FINRA’s Employee Confidentiality and Invention Assignment Agreement without qualification or modification and comply with the company’s policy on nepotism.
Search Firm Representatives
Please be advised that FINRA is not seeking assistance or accepting unsolicited resumes from search firms for this employment opportunity. Regardless of past practice, a valid written agreement and task order must be in place before any resumes are submitted to FINRA. All resumes submitted by search firms to any employee at FINRA without a valid written agreement and task order in place will be deemed the sole property of FINRA and no fee will be paid in the event that person is hired by FINRA.
FINRA is an Equal Opportunity and Affirmative Action Employer
All qualified applicants will receive consideration for employment without regard to age, citizenship status, color, disability, marital status, national origin, race, religion, sex, sexual orientation, gender identity, veteran status or any other classification protected by federal state or local laws as appropriate, or upon the protected status of the person’s relatives, friends or associates.
FINRA abides by the requirements of 41 CFR 60-741.5(a). This regulation prohibits discrimination against qualified individuals on the basis of disability, and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified individuals with disabilities.
FINRA abides by the requirements of 41 CFR 60-300.5(a). This regulation prohibits discrimination against qualified protected veterans, and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified protected veterans.
