Audit Director; Director of Securities Examinations and Registration

Job Details

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 : 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.

Job Summary

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.

Qualifications

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.

Application Details

How to Apply

Select "Apply for Job" at the top of this page. If you have questions about applying for jobs, contact the job information line at 651-259-3637 or email careers@state.mn.us . For additional information about the application process, go to http://www.mn.gov/careers .

Contact

If you have questions about this position, contact Anna Rollinger at anna.rollinger@state.mn.us or 651-539-1860 .

To receive consideration as a Connect 700 Program applicant, apply online, email the Job ID#, the Working Title and your valid Proof of Eligibility Certificate by the closing date to Anna Rollinger at anna.rollinger@state.mn.us .

About Commerce Department

Commerce protects the public interest through a broad range of regulations and programs. We oversee more than 40 industry areas in Minnesota and license about 250,000 professionals and businesses to ensure that their services and products are fair, accessible and comply with state laws.

Working together to improve the state we love.

What do Minnesota's State employees have in common?

• A sense of purpose in their work
• Connection with their coworkers and communities
• Opportunities for personal and professional growth

Benefits

As an employee, you'll have access to one of the most affordable health insurance plans in Minnesota, along with other benefits to help you and your family be well.

Your benefits may include:

• Paid vacation and sick leave
• 12 paid holidays each year
• Low-cost medical, dental, vision, and prescription drug plans
  • Fertility care, including IVF
  • Diabetes care
  • Dental and orthodontic care for adults and children
• 6 weeks paid leave for parents of newborn or newly adopted children
• Pension plan that provides income when you retire (after working at least three years)
• Employer paid life insurance to provide support for your family in the event of death
• Short-term and long-term disability insurance that can provide income if you are unable to work due to illness or injury
• Tax-free expense accounts for health, dental, and dependent care
• Resources that provide support and promote physical, emotional, social, and financial well-being

Support to help you reach your career goals:

• Training, classes, and professional development
• Tuition reimbursement
• Federal Public Service Loan Forgiveness Program (Some positions may qualify for the Public Service Loan Forgiveness Program. For more information, visit the Federal Student Aid website at studentaid.gov )

Employee Assistance Program (EAP) for work/life support:

• A voluntary confidential program that helps employees and their families with life challenges that may impact overall health, personal well-being, or job performance
• Common sources of stress can be addressed through the EAP: mental health, relationship challenges (personal and work), grief and loss, finances, and legal issues
• Daily Living/Convenience Services: Chore services, home repair, trip planning, child/elder care

Programs, resources and benefits eligibility varies based on type of employment, agency, funding availability, union/collective bargaining agreement, location, and length of service with the State of Minnesota.

EQUAL OPPORTUNITY EMPLOYERS

Minnesota state agencies are equal opportunity, affirmative action, and veteran-friendly employers. State agencies are committed to creating a workforce that reflects the diversity of the state and strongly encourages persons of color and Indigenous communities, members of the LGBTQIA2S+ community, individuals with disabilities, women, and veterans to apply. The varied experiences and perspectives of employees strengthen the work we do together and our ability to best serve Minnesotans.

All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, national origin, sex (including pregnancy, childbirth, and disabilities related to pregnancy or childbirth), gender identity, gender expression, marital status, familial status, age, sexual orientation, status regarding public assistance, disability, veteran status or activity in a local Human Rights Commission or any other characteristic protected by law.

APPLICANTS WITH DISABILITIES

Minnesota state agencies make reasonable accommodations to their employees and applicants with disabilities. If you have a disability and need assistance in searching or applying for jobs with the State of Minnesota, call the job information line at 651-259-3637 or email careers@state.mn.us and let us know the support you need.