Senior Officer - Associate Director

New York City, New York
$189,931 - $251,765
Jul 05, 2019
Aug 04, 2019
Job Function
Credit Analysis
Employment Type
Full Time

This Associate Director position is in the Office of Credit Ratings located in New York, NY. The Office of Credit Ratings has personnel located in Washington, DC and New York, NY.

As mandated by the Dodd-Frank Act, the Office of Credit Ratings was created in support of the Commission's mission to protect investors, facilitate capital formation, and maintain fair, orderly, and efficient markets.

If selected you will join a team that is charged with administering the rules of the Commission: for the protection of users of credit ratings and in the public interest; promoting accuracy in credit ratings issued by NRSROs; ensuring that credit ratings are not unduly influenced by conflicts of interest; with respect to the practices of NRSROs in determining credit ratings; and helping to ensure that firms provide greater disclosure to investors.

Typical duties include:

  • Leading OCR's Office of Examinations and Monitoring (EM), including providing management oversight for a team of approximately 30 EM staff who examine and monitor credit rating agencies registered with the Commission as nationally recognized statistical rating organizations (NRSROs) under Section 15E of the Securities Exchange Act of 1934.
  • Developing and implementing examination and monitoring processes and procedures that are aligned with OCR's overall strategic direction.
  • Overseeing the NRSRO examinations, directing an NRSRO monitoring program that identifies market developments and industry trends, and working with EM staff, other OCR staff, and other Commission divisions and offices to prepare studies and reports.
  • Assessing the effectiveness of existing and/or proposed legislation, standards, regulations, and/or policies in order to develop recommendations, and working closely with EM staff and other OCR staff in formulating, implementing, and interpreting policies, rules, and regulations applicable to NRSROs.
  • Managing the risk assessment process and overseeing the application and utility of quantitative data and other information to enhance risk assessment, examinations, and monitoring activities, and to inform potential policy recommendations.
  • Coordinating with other Commission divisions and offices to provide input in support of the collective work of the Agency, considering the broader market impact of NRSROs.
  • Building EM into a cohesive and aligned team by applying contemporary leadership practices including: strategic, critical, and innovative thinking; effective communication skills; emotional intelligence; empowering, motivating, and developing others; supporting diversity, inclusion, and equal employment opportunity; encouraging a culture of ongoing feedback; and constructive management of conflicts and differences in perspectives.

All qualification requirements must be met by the closing date of this announcement.

Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.

SO-01: Applicant must have at least one year of specialized experience equivalent to at least the GS/SK-14 level: (1) applying federal securities laws and rules, particularly those applicable to credit rating agencies and market participants; (2) compiling specialized written communications derived from a variety of sources; (3) planning, organizing, and overseeing the completion of difficult and sensitive projects that may have no precedent; and (4) leading teams of staff with varying backgrounds (e.g., legal, accounting, examining).

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