Business Manager - Member Supervision

Financial Industry Regulatory Authority, Inc. Washington , DC 20319

Posted 2 months ago

The Business Manager for Member Supervision will, working closely with Finance, oversee and manage all aspects of financial planning and management for the Department of Member Supervision including budgeting, forecasting, and financial and operational reporting. This position, which reports to the Vice President of the Office of Member Supervision, plays a key role in driving the budget process, assessing and identifying expense outliers, and continuously tracking and forecasting finances to provide timely and actionable recommendations to Member Supervision's Executive Vice President (EVP).

Essential Job Functions:

  • Working with Finance, oversee and manage the annual operating budgets, quarterly forecasts, and financial and operational reporting for Member Supervision, providing timely input to support strategic decision making.

  • Assess financial risks by analyzing actual results against forecasts, preparing variance analyses and explanations, monitoring budget variances, and identifying and evaluating trends.

  • Monitor monthly business expenses for significant budget variances, financial risks, and savings opportunities.

  • Track and quantify actual financial savings and potential areas for improvement to the EVP, identifying through the use of data behaviors by Member Supervision staff that are positively and negatively impacting cost savings.

  • Act as a strategic partner with Finance in the preparation and evaluation of budgets and forecasting for Member Supervision. Recommend enhancements to financial and variance reports to further improve tracking and planning on behalf of Member Supervision.

  • Assist key stakeholders in Member Supervision with their budgets and quarterly forecasts to ensure consistency across Member Supervision.

  • Work with key stakeholders in Member Supervision on financial planning and budget management strategies including opportunities for cost reduction and financial risk mitigation strategies.

  • Develop reports and dashboards that provide critical financial and operational data including tracking expenditures and analyzing current and past trends in key performance indicators.

  • Create standards to help drive efficiencies and cost savings across the various Member Supervision cost centers and identify instances that deviate from the standards. Proactively identify and drive opportunities to improve processes or eliminate inefficient processes.

  • Create guidelines or best practices for Member Supervision as needed that supplement existing FINRA financial policies and procedures.

  • Create and provide employee training on applicable FINRA and department financial policies and procedures.

  • Prepare presentations for use in internal meetings or board meetings.

Other Responsibilities:

  • Lead or provide support on special projects and initiatives that serve to advance Member Supervision's financial and operational strategies.

  • Develop financial models and analyses to support strategic planning and forecasting as needed.

  • Serve as a business liaison with Technology and provide recommendations for system developments or enhancements.

Education/Experience Requirements:

  • Bachelor's Degree in Accounting, Finance, Economics or similar relevant field; advanced business degree or CPA preferable.

  • A minimum of eight years of directly related experience in positions of increasing responsibility in financial roles.

  • Strong analytical and data gathering skills.

  • Strong problem solving, and strategic and critical thinking skills.

  • Strong interpersonal skills, including written and oral communication skills.

  • Strong organizational skills with exceptional attention to detail and an ability to prioritize and manage multiple complex projects and meet deadlines.

  • Must be proactive and self-driven and able to work independently with limited oversight.

  • Effective at building and maintaining relationships with key partners and stakeholders.

  • Strong working knowledge of the Excel application.

Work Conditions:

  • Office environment.

  • Work outside of business hours may be required.

To be considered for this position, please submit a cover letter and resume. A writing sample may be required as part of the submission.

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 accommodation help line at 240.386.4865. Please note that this number is exclusively for inquiries regarding application accommodations.

In addition to a competitive salary, comprehensive health and welfare benefits, and incentive compensation, FINRA offers immediate participation and vesting in a 401(k) plan with company match. You will also be eligible for participation in an additional FINRA-funded retirement contribution, our tuition reimbursement program and many other benefits. If you would like to contribute to our important mission and work collegially in a professional organization that values intelligence, integrity and initiative, consider a career with FINRA.

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.

You can read more about these restrictions here.

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.

2019 FINRA. All rights reserved. FINRA is a registered trademark of the Financial Industry Regulatory Authority, Inc.


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Business Manager - Member Supervision

Financial Industry Regulatory Authority, Inc.