Securities Analyst jobs in Tennessee

Job Information

LOCATION OF (1) POSITION(S) TO BE FILLED: DEPARTMENT OF COMMERCE & INSURANCE, SECURITIES DIVISION, DAVIDSON COUNTY

Minimum Qualifications

Education and Experience: Graduation from an accredited college or university with a bachelor's degree in accounting, auditing, business administration, business economics, banking and finance, or business and management and experience equivalent to three years of full-time professional experience in one or a combination of the following: examining financial institutions; providing accounting, auditing, or financial services; conducting financial-related investigations; or practicing law.

OR

Education and Experience: Graduation from an accredited college or university with a bachelor's degree and experience equivalent to four years of full-time professional experience in one or a combination of the following: examining financial institutions; providing accounting, auditing, or financial services; conducting financial-related investigations; or practicing law.

Substitution of Experience for Education: Additional qualifying experience involving examining financial institutions; providing accounting, auditing, or financial services; conducting financial-related investigations; and/or practicing law may substitute for the required education to a maximum of four years (e.g., experience equivalent to one year of full-time work in one or a combination of the above listed fields may substitute for one year of the required education).

Substitution of Graduate Education for Experience: Graduate course work credit received from an accredited college or university in accounting, auditing, business administration, business economics, banking & finance, business & management, and/or law may substitute for the required experience on a month-for-month basis to a maximum of 1 year (e.g., 36 graduate quarter hours in one or a combination of the above listed fields may substitute for one year of the required experience).

OR

Three years of full-time professional securities examination experience with the State of Tennessee.

Other Requirements

Necessary Special Qualifications: A valid vehicle operator's license may be required for employment in some positions.

Examination Method: Education and experience, 100%, for Preferred Service positions.

Job Overview

Summary: Under general supervision, is responsible for leading and performing professional securities examination work of substantial difficulty; and performs related work as required.

Distinguishing Features: This is the lead class in the Securities Examiner sub-series. An employee in this class is responsible for leading a unit of subordinate examiners in reviewing and analyzing applications for the registration of securities offerings, broker-dealers, investment advisers, and sales agents; for conducting field examinations of securities businesses; and for investigating complaints and allegations of fraud or misconduct and gathering evidence for prosecution. This class differs from that of Securities Examiner 2, in that incumbents of the latter perform at the working level. This class differs from that of Securities Examiner Supervisor in that incumbents of the latter are responsible for supervising a unit of subordinate securities examiners.

Work Activities

Evaluating Information to Determine Compliance with Standards:

• Leads and participates in investigating alleged or suspected violations of securities laws and rules.
• Analyzes risk/reward balance of securities offerings, including but not limited to, assets, net worth, liquidity through mathematical analysis of dilution, cheap stock, equity investment of promoters, excessive compensation to management, options and warrants, and issuer ability to service debt in compliance with federal and state laws, rules, and regulations.
• Examines registration statements, prospectuses, offering circulars, private placement memoranda, certain exempt filings, filing amendments, and supporting documents to determine whether the objectives of the applicant would be fair and reasonable to investors pursuant to the Act and Rules.
• Utilizes supporting financial and statistical information obtained from applications, on-site examinations, public sources, and/or subpoenaed documents in order to delineate the scope and nature of violations of federal and state securities laws which are evidenced by the information.
• Examines statutorily mandated post-registration filings to determine compliance by registrants with continuing investor protection, regulatory disclosure, net capital, financial reporting and operational business practice requirements.
• Approves applications for registration under the direction of the Director.

Analyzing Data or Information:

• Leads and participates in analyzing current operational business practices, individual qualifications, financial condition, required disclosures and regulatory and criminal history of applicants to determine eligibility for registration.
• Identifies the provisions of federal and state securities law which are applicable to the review of applications for registration, complaints, and/or investigations.
• Prepares proposals of registration denials, suspensions, and revocations by outlining violations as grounds for denials, suspensions, and revocations.
• Itemizes deficiencies in required filings.
• May review trading records and other documents to promote a fair and open securities marketplace and avoid prohibited and fraudulent business practices.

Interpreting the Meaning of Information for Others:

• Interprets and explains securities laws, rules, and regulations to the public.

Getting Information:

• Leads and participates in conducting on-site examinations of registered securities broker-dealers and investment advisers.
• Interviews complainants, witnesses, and victims.
• Participates in internal and external training, including out-of-state travel, as required by supervisor.
• May assist with depositions of suspected violators and respondents with department legal counsel.

Organizing, Planning, and Prioritizing Work:

• Leads and participates in the planning of broker-dealer and investment adviser field examinations.
• Arranges interviews and meetings with industry, as needed.

Processing Information:

• Leads and participates in collecting and analyzing evidence from investors, witnesses and other sources relating to misconduct, and/or fraudulent schemes and practices.
• Examines applications for registration of broker-dealers, agents, investment advisers and investment adviser representatives in the offer and sale of securities and investment advisory services from, in, or into Tennessee.
• Audits financial and business records to ensure registrants adopt effective investor protection measures, engage in fair and equitable sales practices, retain accurate accounting books and records, and maintain appropriate net capital levels according to federal and state securities laws, rules, and regulations.
• Verifies that regulatory and financial disclosures are submitted on a timely basis as prescribed by the Act and Rules.

Communicating with Persons Outside Organization:

• Leads and participates in the presentation of evidence through documents and testimony in appropriate legal proceedings.
• Provides guidance regarding compliance with the Act and Rules.
• May serve subpoenas, orders and other legal documents on witnesses and respondents.
• May make public presentations for education and outreach.

Establishing and Maintaining Interpersonal Relationships:

• Maintains a variety of personal contacts with industry, law enforcement, self-regulatory organizations, and other regulators.

Guiding, Directing, and Motivating Subordinates:

• Leads junior securities examiners in conducting examinations and audits of financial and operational records or in conducting limited and preliminary investigations.
• Makes work assignments.

Documenting/Recording Information:

• Leads and participates in preparing detailed and complex securities examination and investigation narrative comment letters, preliminary summaries, referral memoranda, and final reports.
• May assist with depositions of suspected violators and respondents with department legal counsel.

Provide Consultation and Advice to Others:

• Provides technical assistance to subordinate examiners

Competencies (KSA'S)

Competencies:

• Fairness to Direct Reports
• Integrity and Trust
• Decision Quality
• Problem Solving
• Perseverance
• Written Communications
• Patience
• Dealing with Ambiguity
• Intellectual Horsepower
• Process Management

Knowledge:

• 
  Knowledge of the Meaning and Spelling of Words, Rules of Composition and Grammar
• Knowledge of Securities Principles
• Knowledge of Economic and Accounting Principles
• Knowledge of Mathematics
• Knowledge of Law and Government
• Knowledge of Computers and Electronics

Skills:

• Reading Comprehension Skills
• Critical Thinking Skills
• Writing Skills
• Telephone Skills
• Time Management Skills
• Multi-Tasking Skills
• Active Learning Skills
• Complex Problem Solving Skills
• Negotiation Skills
• Customer Service Skills
• Active Listening Skills
• Judgment and Decision Making Skills
• Persuasion Skills
• Coordination Skills

Abilities:

• Inductive Reasoning Ability
• Ability to Quickly and Accurately Compare Information
• Deductive Reasoning Ability
• Oral Comprehension Ability
• Oral Expression Ability
• Mathematical Reasoning Ability
• Ability to Instruct Others
• Social Perceptiveness

Tools and Equipment Used