The Director position is in the Office of the Investor Advocate (OIAD) located in Washington, DC and is open to all US citizens, with the exception of current SEC employees and the limitations set forth below.
An individual who serves as the Investor Advocate may not be employed by the Commission: (1) During the 2-year period ending on the date of appointment as Investor Advocate; or (2) During the 5-year period beginning on the date on which the person ceases to serve as the Investor Advocate.
If selected, you will serve as the Investor Advocate, Office of the Investor Advocate.
Typical duties include:
Identifying investor problems with financial service providers and investment products, including any unique challenges faced by retail, minority, women, or older investors.
Conducting outreach to investors, including under-served and vulnerable investors, to solicit views on relevant issues.
Identifying and proposing changes in SEC regulations and SRO rules that would benefit investors.
Analyzing the potential impact on investors of proposed SEC regulations or SRO rules.
Assisting investors in resolving problems with the SEC or SROs.
Proposing to Congress changes that would mitigate problems identified and promoting the interests of investors.
Promoting the spirit and practice of diversity, and further the goals of equal employment opportunity by taking positive steps to ensure the accomplishment of affirmative action objectives, and adherence to nondiscriminatory employment practices.
Interacting with a variety of organizations and individuals, including Commissioners, SEC staff and management, Congress, and the general public.
Conditions of Employment
You must possess a J.D. or LL.B Degree.
You must be an active member of the bar in good standing.
CITIZENSHIP: This position is open to all U.S. Citizens, with the exception of individuals who have been employed by the Commission during the 2-year period ending on the date of appointment as Investor Advocate.
Application procedures are specific to this vacancy announcement. Please read all the instructions carefully. Failure to follow the instructions may result in you not being considered for this position.
Supplementary vacancies may be filled in addition to the number stated in this announcement.
This position has promotion potential to the SO-03 level.
TRIAL PERIOD: This appointment may require completion of a two year supervisory/managerial trial period.
SECURITY CLEARANCE: Entrance on duty is contingent upon completion of a pre-employment security investigation. Favorable results on a Background Investigation may be a condition of employment or selection to another position.
DRUG TESTING: This position may be subjected to drug testing requirements.
PERMANENT CHANGE OF STATION (PCS): Moving/Relocation expenses are not authorized.
DIRECT DEPOSIT: All Federal employees are required to have Federal salary payments made by direct deposit to a financial institution of their choosing.
This position is not in the collective bargaining unit.
Due to COVID-19, the SEC is currently in an optional telework posture. This position is eligible to request telework in accordance with the SEC 's telework policy.
All qualification requirements must be met by the closing date of this announcement.
Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. Qualifying education must have been obtained from an accredited college or university recognized by the U.S. Department of Education.
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.
SO-03: Applicant must have four years post-J.D experience identifying legal issues, providing legal analyses, providing legal solutions/recommendations, and preparing legal documents,which also includes at least three years of specialized experience:
Advocating for the interests of investors in securities and investor protection issues, from the perspective of investors.
Recommending statutory, regulatory or policy changes/solutions.
Interpreting and applying the provision of federal or state securities laws or the rules of self-regulatory organizations.
Analyzing legal and/or factual issues in regards to corporate governance, accounting, corporate disclosures, or related matters.
Analyzing the impact of federal or state securities laws and/or the rules of self-regulatory organizations on retail investors, including under-served or vulnerable groups (e.g., minorities, women, older investors).
FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university. For further information, visit: http://www.ed.gov/about/offices/list/ous/international/usnei/us/edlite-visitus-forrecog.html
Official Transcripts will be required at the time of appointment to verify educational eligibility.
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.