The Division of Investment Management (IM) works to support the SEC in its mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. IM regulates investment companies, variable insurance products, and federally registered investment advisers.
IM's Chief Counsel's Office is seeking to fill one Supervisory Attorney-Adviser (Assistant Director) position in Washington, DC.
If selected, you will join a team that is responsible for, among other things, issuing staff guidance (including no-action and interpretive letters), as well as providing exemptive relief under the Investment Advisers Act of 1940 and Investment Company Act of 1940, reviewing draft legislation and regulations, and coordinating with international securities-related organizations related to investment company and investment adviser matters.
Typical Duties Include:
Providing and recommending formal guidance, which may include no-action or interpretive letters, Commission orders or releases, or other forms of guidance.
Providing informal guidance on inquiries received (e.g., public telephone and e-mail inquiries) related to issues with respect to the Investment Company Act, the Investment Advisers Act, and other laws and regulations.
Assisting with Congressional testimony and in responding to Congressional inquiries related to investment companies and investment advisers.
Liaising with other divisions and offices in the Commission (e.g., Enforcement and Examinations) on matters related to investment companies and investment advisers.
Coordinating the division's work with international organizations and entities (e.g. IOSCO, foreign regulators).
Carrying out supervisory duties, such as performance management, training, awards, and recruitment; keeping employees informed regarding the policies, procedures, and goals of the Commission as they relate to their work on assigned projects.
BASIC REQUIREMENT: All applicants must possess the following
J.D. or LL.B. degree --AND--
Active membership 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: proof of bar membership will be required before entry on duty.
MINIMUM QUALIFICATION REQUIREMENT: In addition to meeting the basic requirement, applicants must also meet the minimum qualification requirement.
SK-17: Applicant must have At least four years post-J.D experience independently identifying legal issues, providing legal analyses, providing legal solutions/recommendations, and preparing legal documents, such as memos, disclosures, and regulatory filings, which also includes at least three years:
Providing legal advice;
Responding to complex and difficult questions;
Researching and providing legal interpretation of statutes, and implementing regulations;
Developing and preparing guidance on a variety of complex legal issues, interpretation and application of statues; and
Interpreting and applying the provisions and providing sound advice regarding the federal securities laws (for example, the Investment Company Act, the Investment Advisers Act, the Securities Act and/or the Exchange Act).
Internal Number: 21-EX-11125367-WLJ
About U.S. Securities and Exchange Commission
The SEC is a bipartisan Commission consisting of up to five Commissioners appointed by the President and confirmed by the Senate. The President designates one Commissioner to serve as Chairman of the Commission. The SEC’s mission is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. Accordingly, as outlined in the SEC’s Strategic Plan, the SEC’s goals are to focus on the long-term interests of our Main Street investors; recognize significant developments and trends in our evolving capital markets and adjust our efforts to ensure we are effectively allocating our resources; and elevate the agency’s performance by enhancing our analytical capabilities and human capital development. The SEC oversees the nation’s securities markets and certain market participants, including broker-dealers, investment companies, investment advisers, clearing agencies, transfer agents, credit rating agencies, and securities exchanges, as well as organizations such as the Financial Industry Regulatory Authority, Municipal Securities Rulemaking Board, and the Public Company Accounting Oversight Board. The agency’s functional responsibilities are carried o...ut through five divisions and 25 offices, each of which is headquartered in Washington, DC. The SEC also has 11 regional offices located throughout the country.
The SEC is considered a mid-sized federal agency, with 4,350 employees at the start of FY20. The SEC offers a competitive compensation and benefits package. In additional to standard federal benefits (i.e., escalating annual and sick leave, shared premiums for health, dental, vision, and life Insurance), we offer additional benefits related to child and elder care support, student loan repayment, generous retirement matching, transportation subsidy and many more benefits to support employee growth and development in our workforce.