Our Ability Jobs

Working Title: Director of Securities Examinations and Registration

Job Class: Audit Director

Agency: Commerce Department

• Job ID : 79247

• Location : St. Paul

• Telework Eligible : Yes

• Full/Part Time : Full-Time

• Regular/Temporary : Unlimited

• Who May Apply : Open to all qualified job seekers

• Date Posted : 08/09/2024

• Closing Date : 09/13/2024

• Hiring Agency/Seniority Unit : Commerce Dept / Commerce-MMA

• Division/Unit : Financial Institutions / FI Securities Supervision

• Work Shift/Work Hours : Day Shift

• Days of Work : Monday - Friday

• Travel Required : Yes - Up to 10% of the time

• Salary Range: $40.48 - $58.20 / hourly; $84,522 - $121,521 / annually

• Classified Status : Classified

• Bargaining Unit/Union : 216 - Middle Management Association/MMA

• FLSA Status : Exempt - Executive

• Designated in Connect 700 Program for Applicants with Disabilities (https://mn.gov/mmb/careers/diverse-workforce/people-with-disabilities/connect700/) : Yes

The work you'll do is more than just a job.

At the State of Minnesota, employees play a critical role in developing policies, providing essential services, and working to improve the well-being and quality of life for all Minnesotans. The State of Minnesota is committed to equity and inclusion, and invests in employees by providing benefits, support resources, and training and development opportunities.

Hybrid work environment with potential for significant telework. Primary work location will be the Golden Rule Building in St Paul.

The Audit Director for the Securities Unit is responsible for the state’s oversight functions relating to registration and examinations of investment advisers, investment adviser representatives, broker-dealers, and registered representatives. Examinations and registration analysis is performed to verify compliance with securities laws and regulations and educate registrants to help ensure a healthy environment for Minnesota investors. The Audit Director will:

• Provide daily direction and mentoring to two auditor principals and two registration specialists.

• Develop and monitor policies and procedures, examination and workflow management planning, draft budgets, develop and execute strategy, prepare, and socialize regulatory recommendations, utilize data to help validate direction and prepare written reports, and advise senior agency staff on securities.

• Coordinate effectively with other departments (Communications, Outreach, Enforcement, Regulatory Affairs, etc.) to help achieve Commerce's goals of protecting consumers, industry oversight and engaging with Minnesotans.

• Actively participate with the North American Securities Administrators Association (NASAA) attending conferences, trainings, serving on committees and building connections with other state regulators.

• Work with various industry groups, stakeholders, and other regulatory agencies to help ensure a strong and well-rounded securities program in Minnesota.

Minimum Qualifications

Five (5) years of experience in compliance, law, regulatory affairs, or a related area.

A Bachelor's degree in Accounting, Business, Economics, Finance, Political Science, Pre-Law, or a related field can be substituted for one (1) year of experience.

An Advanced degree in Accounting, Business, Economics, Finance, Political Science, Pre-Law, or a related field can be substituted for eighteen (18) months of experience.

Applicants who meet the above education/experience requirement will be further evaluated based on the following:

• Experience as a supervisor, project manager, and/or lead worker.

• Supervisory skills and knowledge of human resources policies and procedures sufficient to interview and select staff and to direct staff activities.

• Experience with investigative methods and analyzing data.

• Demonstrated ability to communicate complicated information effectively to a variety of audiences.

• Demonstrated ability to develop and maintain relationships with diverse stakeholders.

Preferred Qualifications

Advanced degree (master's degree or JD).

Securities-related designations (e.g. CFP, ChFC, CFA, CIC, CLU).

Experience as a financial examiner or company coordinator of market conduct examinations.

Previously passed a FINRA agent or principal exam, Uniform Securities Agent State Law Examination and/or Uniform Combined State Law Examination.

A variety of experiences working effectively with people from different backgrounds and cultures.

Physical Requirements

Requires occasional moving of articles such as boxes, accounting records, laptop computer, and portable printer.

Additional Requirements

Job offer is contingent upon passing reference checks to verify job-related credentials, a criminal background check and drivers’ license check prior to appointment.

AN EQUAL OPPORTUNITY EMPLOYER

Minnesota State Colleges and Universities is an Equal Opportunity employer/educator committed to the principles of diversity. We prohibit discrimination against qualified individuals based on their race, sex, color, creed, religion, age, national origin, disability, protected veteran status, marital status, status with regard to public assistance, sexual orientation, gender identity, gender expression, or membership in a local commission as defined by law. As an affirmative action employer, we actively seek and encourage applications from women, minorities, persons with disabilities, and individuals with protected veteran status.

Reasonable accommodations will be made to all qualified applicants with disabilities. If you are an individual with a disability who needs assistance or cannot access the online job application system, please contact the job information line at 651-259-3637 or email careers@state.mn.us . Please indicate what assistance is needed.