Senior Special Counsel (Clearing Agencies)

Location: Washington, DC

Series & Grade: SK-1831-16

Posted:3/5/10 to 3/25/10

This position may also be filled as Senior Special Counsel (Clearing Agencies). Total of two selections will be made between the Senior Special Counsel (Clearing Agencies) and the Senior Specialized Examiner (Clearing Agencies) postings.

Key Requirements:

• These positions are open to all U.S. Citizens.
• These positions are located in Washington, DC. (2 positions)
• You will be subject to a background/suitability investigation.
• These positions require completion of a one-year probationary period.
• Moving expenses are not authorized.
• Travel is required.

******NOTE******

Your qualifications will be further evaluated based upon the attached questionnaire. You are required to complete each portion and respond accordingly. Failure to respond to these narratives may result in you being disqualified for this position. Please download and save the questionnaire document to your desktop before continuing with the application process. Once the questionnaire has been completed, please make sure to upload your responses as an attachment along with your resume. Title the attachment SEC Questionnaire - (followed by the job title)

If it is not possible for you to complete this application on-line, follow these steps to fax your application and/or supporting documentation:

1. Print a copy of this job announcement so that you can read and respond to the questions offline.
2. Fax your materials to 202-777-1028. Your cover sheet must identify the job title, location and posted date

The Senior Special Counsel (Clearing Agencies)position is located in the US Securities and Exchange Commission, Office of Compliance Inspections and Examinations (OCIE).

Attorneys, accountants and examiners in the Office conduct risk-based examinations of large, complex financial institutions, particularly clearing agencies, that are broad in scope and require specialized knowledge of clearance and settlement, market operations, and new complex products (including credit default swaps and other derivative products).

The Office provides legal and policy advice on law, policy, and operations relating to clearance and settlement issues, including the interrelationships between U.S. banking and securities laws, and related international issues. The Office coordinates program objectives and inspection issues with the SEC’s regional offices and provides information and assistance to other offices in the SEC engaged in clearing agency oversight. The Office also interacts with other federal and state regulators with respect to clearing agency activities and oversight. The purpose of this position is to help develop an enhanced examination program for registered and exempt clearing agencies that are subject to the SEC’s examination oversight.

Senior Special Counsel (Clearing Agencies) Responsibilities

Assist in planning and coordinating examinations with the regional offices, monitor clearing agency activities and developments, and work closely with other offices at the SEC engaged in clearing agency oversight.

Develop examination protocols and related procedures for the clearing agency program, develop and provide training on issues pertinent to clearing agency operations, and serve as a resource for staff in the Office when issues are raised within the employee’s area of expertise.

Requisites:

Applicants must have at least 52 weeks of specialized experience at the GS/SK-14 level or above (or equivalent private sector experience) to qualify.

Applicants must have specialized expertise to include the following:

(i) specialized knowledge of the U.S. clearance and settlement system and the role of clearing agencies in that system; and/or

(ii) knowledge of and experience applying the federal securities laws and rules in general as well as particularly those applicable to clearing agencies; and/or

(iii) experience in examinations.

Knowledge of the following related areas also helpful: complex derivative products, enterprise risk management, and/or the financial and operational aspects of the U.S. securities markets.

Applicant must possess superior analytic and writing skills and be able to plan, organize, and see through completion difficult and sensitive examinations that may have no precedent.

Finally, applicant must have originality and judgment in order to recommend solutions to problems identified during examinations that are in the public interest.

Applicants forSenior Special Counsel (Clearing Agencies) must possess a J.D. or LL.B. degree and be an active member of the bar in good standing in any state, territory of the United States, the District of Columbia, or the commonwealth of Puerto Rico.

Skills/Attributes:

• Creative – ability to develop new insights, question conventional approaches, generates and encourages new ideas and innovations

• Collaborative – ability to develop strategic relationships with external and internal resources. Possess strong interpersonal skills and organizational savvy

• Entrepreneurial – demonstrate positive initiative, leadership and comfort working in fast-paced environments

• Possess excellent oral and written communications skills. Exceptional presentation skills.

• Superior interpersonal skills to interact effectively with industry executives and SEC senior officials

Education

Applicants for Senior Special Counsel (Clearing Agencies)must possess a J.D. or LL.B. degree and be an active member of the bar in good standing in any state, territory of the United States, the District of Columbia, or the commonwealth of Puerto Rico

******NOTE******

Your qualifications will be further evaluated based upon the attached questionnaire. You are required to complete each portion and respond accordingly. Failure to respond to these narratives may result in you being disqualified for this position. Please download and save the questionnaire document to your desktop before continuing with the application process. Once the questionnaire has been completed, please make sure to upload your responses as an attachment along with your resume. Title the attachment SEC Questionnaire - (followed by the job title)

******REQUIRED QUESTIONNAIRE******

"If you have trouble opening the link, right click and select "save target as..." to save the document to your computer."

If it is not possible for you to complete this application on-line, follow these steps to fax your application and/or supporting documentation:

1. Print a copy of this job announcement so that you can read and respond to the questions offline.
2. Fax your materials to 202-777-1028. Your cover sheet must identify the job title, location and posted date

~CB~