Vice President, Product Management, Transparency Services

The VP, Client & System Management (CSM), Transparency Services, has the direct responsibility for managing the Critical Reg. SCI systems, as well as supporting systems, including oversight & monitoring, requirements, delivery, and budgeting. This is a real-time processing environment, requiring around the clock monitoring and responsiveness as well as very specialized skill set. The role is responsible for managing significant technical, operational and reputational risks for FINRA, as any technical or operational problems are immediately visible, and have significant impact, to virtually all market participants. The VP will serve as a key member of Transparency Service’s senior management team and partner closely with FINRA Technology, Market Regulation, and other key stakeholders across the organization, as well as with the SEC, the Fed, and other external regulatory agencies. The VP is a key driver setting strategic direction and enterprise approaches to FINRA’s transaction processing infrastructure, data governance, and other related frameworks, while being the lead role in the implementation and oversight of those facilities & frameworks.

Essential Job Functions:

• The VP Client & System Management, Transparency Services, is responsible for ongoing operational excellence of the CSM function. The VP conducts annual planning, organizes and coordinates the CSM activities and responsibilities, ensuring efficient and effective management.
• The role has the direct responsibility for all requirements, delivery, operations, monitoring, management and budgeting of the real-time trade reporting and quotation facilities, and all related and supporting systems, operated by, or for, Transparency Services (incl. systems for reference data and corporate actions processing). This includes directing and overseeing the development and testing & maintenance activities of the trading engine vendor to ensure that the deliverables are on time and within budget. Acts as the lead decision maker for all technical design decisions related to MPP, and negotiates with the vendor to arrive at the optimal technical solution(s).
• The role is responsible for setting and controlling the TS budget related to the transaction reporting facilities and related systems; it is also responsible for all interactions with Members Firms & Vendors regarding access to the TS systems, including MPP (Nasdaq). The position is responsible for overseeing and directing the primary vendor (Nasdaq, currently under a nine-year, $77M contract) as well as contracts related to the service (such as data procurement, connectivity contracts and charges, etc.). The VP actively participates in contract negotiations, defining deliverables and scoping costs to arrive at an optimal arrangement for FINRA, and identifies creative, technology-based opportunities to improve service and to reduce costs with enterprise technology teams, business partners and vendors.
• The role is a key driver in setting strategic direction and enterprise approaches to FINRA’s transaction processing infrastructure, data governance, and other related frameworks, while being the lead role in the implementation and oversight of those facilities & frameworks. The VP is responsible for providing technical strategic direction on all new TS business and Market Operations initiatives, and to lead activities on all business proposals with both internal and external parties; setting direction for supporting systems managed by FINRA Technology, as well as interfacing & collaborating with, and providing or seeking guidance from, Office of General Counsel, Office of Compliance and Ethics, Internal Audit, Market Regulation, Finance and others on issues related to system design and deliverables, SEC oversight and audit support, budget and cost control, etc.
• In addition, the role is responsible for ensuring compliance with applicable rules and regulations, in particular Reg. SCI, and represents all aspects of the facilities with regards to continuous compliance as well as SEC and FINRA IA & InfoSec inspections.
• As FINRA undertakes an upgrade to the technology platform (“MPP 2.0”) and supporting systems, this role is responsible for leading the reengineering, oversight of all related technology efforts & Member Firm interactions (communications) associated with migrating to the new platform, and the creation of new features & functionality related to the technology platform and facilities. Besides the MPP “engine”, this includes requirements for FINRA’s Reference Data Management System (RDMS) and the Transparency Services Trade Reporting and Quotation data repository (MPPR) from conception through launch and ongoing enhancement, as well as the introduction of a new Corporate Actions Management system.

Other Responsibilities:

• Lead the CSM team and mentor staff to achieve core objectives, accomplish process improvements, improve SLA compliance, and cost control.

• Oversee and manage emergency ad-hoc operations and related projects.

Education/Experience Requirements:

• Bachelor’s Degree, or equivalent, in Computer Science, Business, or related field, plus twelve (12) years direct experience maintaining, developing and deploying business critical/core applications designed to operate in a 7x24x365 mode for a major financial or technology company as well as five years in a demonstrated supervisory role.

• Demonstrated experience in the area of highly available financial systems, transaction processing, distributed and multi-tiered computing models, high volume transaction systems.

• Extensive project planning and project management/systems development experience required. Expansive market and operations knowledge of: TRF, ADF, OTCE and Trace. Project experience on business operations re-engineering.

• Demonstrated ability to work independently, with checkpoints as needed.

• Ability to decompose complex technical and business problems and formulate planning initiatives to address those problems.

• Well-developed technical and operational acumen and strategic thinking skills.

• Ability to manage multiple assignments simultaneously in a deadline-driven environment.

• Highly proficient with software applications and systems.

• Excellent verbal and written communication skills required.

Work Conditions:

• Normal office conditions. Extended hours and some travel may be required.

For work that is performed in CA, CO, HI, MN, VT, IL, Jersey City, NJ, New York City, NY, MA, WA, MD, Washington, DC, NJ State and NY State, please refer to the chart below for the 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.

CA: Minimum Salary $175,600, Maximum Salary $345,700

CO/HI/MN/VT*: Minimum Salary $175,600, Maximum Salary $345,700

IL*: Minimum Salary $175,600, Maximum Salary $345,700

Jersey City, NJ/NYC, NY: Minimum Salary $175,600, Maximum Salary $345,700

MA/WA: Minimum Salary $175,600, Maximum Salary $345,700

MD/Washington, DC: Minimum Salary $175,600, Maximum Salary $345,700

NJ: Minimum Salary $175,600, Maximum Salary $345,700

NY: Minimum Salary $175,600, Maximum Salary $345,700

*Including positions performed outside the state but reporting to an office or manager in that state.

Candidates can expect salary offers that range from the minimum to the mid-point of the salary range. FINRA provides full pay ranges so that the candidate can consider their growth potential while at FINRA.

#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.

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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 [email protected]. 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. Non-exempt employees are also eligible for overtime pay in accordance with federal, state, or local law. As part of its dedication to employee wellness, 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, commuter benefits, and other benefits that support employee wellness, such as adoption assistance, backup family care, surrogacy benefits, employee assistance, and wellness programs.

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, unless otherwise required by law (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.

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 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 [email protected]. Please note that this process is exclusively for inquiries regarding application accommodations.

All qualified applicants will receive consideration for employment without regard to age, citizenship status, color, disability, marital status, national origin, race, religion, sex, veteran status or any other classification protected by federal, state, or local laws.

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.

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