Grad/Undergraduate Intern - Market Regulation, Options - New York, NYBookmark This
New York, NY
We Work to Protect Investors. Join our Team.
2014 Summer Internship Program
FINRA is dedicated to providing you with an internship opportunity to gain knowledge and experience in the securities industry with an employer that places a high value on the professional and personal growth of our employees. We set the bar high – we are looking for interns that are strong academically, can bring results, and are committed to exceeding expectations. We need you to represent the highest standards of personal integrity and organizational values. If you would like to contribute to our important mission and work collegially in a professional organization that values intelligence, integrity and initiative, then consider an Internship with FINRA.
We are seeking a well-qualified individual for a Graduate/Undergraduate Internship in our
Market Regulation-Options Department in New York, NY. The Summer Internship Program runs from May 19, 2014 through August 8, 2014. To be considered for this position, please submit your resume through our career site at www.finra.org/careers. No phone calls please.
In training to review, analyze and investigate unusual market activity for evidence of violations of applicable federal securities laws and Amex rules and regulations. This is an introductory-level professional work in which incumbents are training for their assigned roles, training to learn job-related skills, and working under direct instruction.
Essential Job Functions:
- Receives basic, introductory instruction. Learns how to analyze trading activity in area of primary responsibility for indications of potential violative activity.
- Learns how to conduct routine reviews and investigations into possible violations of the Amex rules and regulations relating to order handling rules and/or federal securities laws.
- Learns how to compile and organize information from a variety of sources to be used in the development of investigations of potential violative activity.
- Through the review/investigative process the Regulatory Trainee learns how to resolve situations that may impact the integrity of Amex or other markets.
- Develops a basic understanding of the investigative techniques utilized in the respective area of primary responsibility and relevant Amex/SEC rules and regulations; learns how to perform preventive compliance functions.
- Learns how to present investigative findings (orally and in writing) to management, and other constituents in an organized, concise and timely fashion.
- Learns how to utilize computer resources and software applications for data analysis pursuant to investigation/review procedures.
- Interfaces with members, peers, management and others and provides excellent internal/external customer service in specialized area of regulatory responsibility.
- Working toward Bachelor’s degree or advanced degree in Finance, Economics, or Business.
- Working knowledge of relevant Amex/SEC rules and regulations would be helpful, as would ability to conduct telephone interviews.
- Working knowledge of securities markets, member firm operations, books and records would be helpful.
- Familiarity with the use of a desktop computer.
- Ability to work under pressure.
- Attention to detail is essential.
- Strong verbal and written communication skills and technical capabilities are essential to position.
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.
To be considered for our Summer Internship Program, please submit the following to the Internship opportunity that is the best match to your ambitions:
· A cover letter (i.e. outlining your area of interest, what you hope to achieve through this program, what you can contribute to the organization and your current GPA) and
· Your current resume.
· Note - A transcript is not required with your initial resume submission, but those students selected for an interview may be required to submit a transcript at that time.
Please note: If the ‘Apply Now’ button on a job board posting does not take you directly to the FINRA Careers site, enterwww.finra.org/careersinto 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.
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.
The Financial Industry Regulatory Authority (FINRA) is an independent, non-governmental regulator for all securities firms doing business with the public in the United States. FINRA works to protect investors and maintain market integrity in a public-private partnership with the Securities and Exchange Commission (SEC), while also benefiting from the SEC’s oversight. In its role as investor guardian, FINRA is informed, but not influenced, by the industry that it regulates. FINRA’s independent regulation plays a critical role in America’s financial system–all at no cost to taxpayers.
FINRA’s independent regulation plays a critical role in America’s financial system and touches virtually every aspect of the securities business—from registering and educating industry participants to examining securities firms; writing rules; enforcing those rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms.
All told, FINRA oversees nearly 4,600 brokerage firms, about 164,000 branch offices and approximately 632,000 registered securities representatives. We also perform market regulation under contract for the major U.S. stock markets, including the New York Stock Exchange, NYSE Arca, NYSE Amex, The NASDAQ Stock Market and the International Securities Exchange.
In today's fast-paced and complex global economy, FINRA is a trusted advocate for investors, dedicated to keeping the markets fair and proactively addressing emerging regulatory issues before they harm investors or the markets.
FINRA has approximately 3,000 employees and operates from Washington, DC, and New York, NY, with 20 regional offices around the country.
Find out more about us and how we work—and view our current openings—at www.finra.org/careers.
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
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