Executive V - Audit & Compliance - Illinois Secretary of State

Office of the Illinois Secretary of State
Alexi Giannoulias

    

Job Title:     Executive V - Securities
Division:      Registration, Examination and Compliance ("REC")
Union:          N/A - Exempt
Location:     69 W Washington St,Chicago, IL – Cook County

Salary:         Starting at$7,000.00 monthly, commensurate with experience
          
Overview: 
Exercises significant administrative responsibilities in planning, organizing, directing and evaluating the operation of the Audit and Compliance Division on a statewide basis.  Conducts complex financial audits and regulatory compliance examinations of registered securities dealers and investment advisers; exercises responsibility for personnel management requiring the use of directions and independent judgment relative to subordinate personnel; formulates and implements major policy decisions for the Audit and Compliance Division programs; provides advice and consultation on technical questions and problems as they affect the overall operations of the Department.

Duties and Responsibilities:

• Supervise, train, manage, and evaluate REC Division personnel, including registration specialists, a team of examiners, a team of attorneys, and support staff; closely review and edit all written work product of the Division, including correspondence and deficiency letters; obtain regular updates on all open registration and examination issues; prepare written reports and summaries of all open matters for the Director; manage the workload among REC Division staff.
• Create, implement, and monitor policies, procedures, and systems related to all aspects of the registration program, including registration of securities dealers, salespersons, investment advisers, and investment adviser representatives, as well as registration of securities and exemptions from registration; identify compliance deficiencies uncovered through the registration process and supervise efforts to obtain full compliance; identify potential enforcement issues arising out of registrations and refer matters to the Enforcement Division as necessary.
• Create, implement, and monitor policies, procedures, and systems related to all aspects of the examinations program for securities dealers, salespersons, investment advisers, and investment adviser representatives; identify compliance deficiencies uncovered through the examination process and supervise efforts to obtain full compliance; identify potential enforcement issues arising out of the examinations and refer matters to the Enforcement Division as necessary.
• Act as an attorney for the Department, as needed, in administrative and court proceedings that relate to registration or examination issues, including expungement issues; and researching and writing memoranda on complex legal issues.
• Consider and recommend changes designed to enhance the Department’s investor protection mission, including proposed legislation, rulemaking, internal organization, technology, systems, procedures, and personnel needs.
• Act as the Department’s representative at appropriate events, such as NASAA conferences, community engagement activities, and joint task force meetings.
• Other duties as may assigned by the Director or Deputy Director.

Specific Skills:

• Requires thorough knowledge of the principles and practices of public and business administration.
• Requires thorough knowledge of the functions and organization of State government.
• Requires extensive knowledge of the principles of business accounting, program budgeting, personnel management and statistics.
• Requires working knowledge of data processing business applications.
• Requires ability to develop and administer a complex or multiple statewide programs.
• Requires ability to analyze administrative problems and adopt an effective course of action.
• Requires ability to develop, install and evaluate new and revised methods, procedures and performance standards.
• Requires ability to exercise judgment and discretion in the formulation, implementation, and interpretation of departmental policies and procedures.
• Requires ability to estimate and budget for future needs and cost for personnel, space, equipment, supplies and services.
• Requires ability to develop and maintain cooperative working relationships with other administrative, managerial, supervisory or professional staff.
• Requires possession of a valid Illinois driver’s license and a willingness to travel in the performance of assigned duties.
• Requires the possession of a law degree from an ABA-accredited law school and currently in good standing with the Bar of at least one state of the District of Columbia with ability to achieve Illinois law license prior to start date. 

Education and Work Experience:
Requires knowledge, skill and mental development equivalent to the completion of law degree and minimum of eight years' experience working as an attorney, with a focus on securities regulation, securities compliance and/or securities litigation, as well as five years of managerial experience in a public or business organization.

Application Process: 

• Please visit https://ilsos.applytojob.gov/apply to apply by completing the online application; you may also upload a resume or other attachments as needed.
• Preference will be given to Illinois residents in the hiring and selection process, in accordance with the Illinois Secretary of State Merit Employment Code.
• Questions regarding this posting or Illinois Secretary of State employment practices may be directed to Job Counselors at our Personnel offices in Chicago (312-793-5515) or Springfield (217-782-4783).  

 
Equal Employment Opportunity Employer. Applicants must be lawfully authorized to work in the United States.

Applicants are considered for all positions without regard to race, color, religion, sex, national origin, sexual orientation, age, marital or veteran status, or the presence of a non-job-related medical condition or disability.

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