JOB TITLE: CHIEF, REGIONAL OFFICE FOR SECURITIES COMPLIANCE AND ENFORCEMENT,

BANKING AND SECURITIES

JOB CODE: 03355

DEFINITION: This is responsible administrative and managerial work in planning and implementing a regional program for the examination, investigation, regulatory enforcement, and compliance of investment and securities entities regulated by the Department of Banking and Securities.

The employee in this job is responsible for planning, directing, implementing, and administering a regional program of regulatory compliance for agents, broker-dealers, investment advisers, investment adviser representatives, and securities industry firms. Work involves planning and managing regulatory compliance and enforcement activities to ensure that investment and securities entities are in compliance with consumer protection statutes and regulations. Work involves the scheduling and coordination of examinations and assigning staff to conduct special examinations and investigations; supervising the activities of staff involved in working with the investment and securities entities to resolve deficiencies in operations or illegal or unethical practices identified through Department examinations; assisting companies in developing remedial plans to correct deficiencies or discrepancies; and, when appropriate, recommending enforcement actions. Work also involves reviewing, developing, and implementing policies, standards, and procedures for the explanation and regulation of investment and securities entities within the assigned region. Supervision is exercised over a professional staff. Work is performed independently and is reviewed by the Bureau Director, through conferences, written reports, and an evaluation of overall program effectiveness.

EXAMPLES OF WORK: (NOTE: The examples of work are representative of the work, but every position classified to this job may not perform all examples of work listed. Conversely, this is not an all-inclusive list of work examples.):

• Directs regional office activities for the examination, investigation, and compliance of investment and securities entities.

• Schedules and coordinates examinations and special investigations of investment and securities entities with regional office staff.

• Supervises regional office staff in coordination of remediation efforts by investment and securities entities to address operational deficiencies uncovered by examinations.

• Recommends enforcement actions as needed.

• Analyzes and implements policies, standards, and procedures for a regional office.

• Develops and implements goals and objectives for regional office staff.

• Recommends improvements for regional operations through revisions of procedures, examination reports, and bureau programs and suggests legislative changes.

• Represents the Bureau Director or department at various meetings or speaking engagements.

• Performs the full range of supervisory duties.

• The employee in this job may participate in the performance of subordinates’ work consistent with operational or organizational requirements.

• Performs related work as required.

ENTRY LEVEL KNOWLEDGES, SKILLS, AND ABILITIES:

• Knowledge of the laws and regulations governing the operations of agents, broker-dealers, investment advisers, investment adviser representatives, and securities industry firms.

• Knowledge of the procedures, practices, and records employed in the operation of agents, broker-dealers, investment advisers, investment adviser representatives, and securities industry firms.

• Knowledge of accounting principles and practices related to the examination of financial statements and operations of investment and securities entities.

• Knowledge of auditing principles and practices related to the examination of financial statements and operations of investment and securities entities.

• Knowledge of the use and functionality of Microsoft Office Suite software.

• Ability to apply and interpret laws, rules, and regulations.

• Ability to communicate effectively in writing.

• Ability to communicate effectively orally.

• Ability to establish and maintain effective working relationships.

FULL PERFORMANCE KNOWLEDGES, SKILLS, AND ABILITIES: (NOTE: These are expected of an employee performing the work of this job at the full performance level. These may not be used for merit system evaluation or examination purposes and are not position-specific performance standards.):

• Knowledge of the principles and methods of policy development and program planning.

• Knowledge of the principles and practices of employee supervision.

• Ability to develop and modify program goals and objectives to achieve desired results.

MINIMUM EXPERIENCE AND TRAINING: (NOTE: Based on the Entry Level Knowledges, Skills, and Abilities):

• Two years as a Senior Securities Compliance Examiner and Enforcement Administrator (commonwealth title);

or

• Six years of professional experience in examining or investigating financial records and operations of agents, broker-dealers, investment advisers, investment adviser representatives, and securities industry firms for compliance with laws, rules, and regulations, and a bachelor’s degree which includes nine college credits in accounting, finance, economics, or a closely related field;

or

• An equivalent combination of experience or training which includes nine college credits in accounting, finance, economics, or a closely related field.