Overview

Duties

Summary

This Associate Director position is in the Office of Credit Ratings located in New York, NY.

The Office of Credit Ratings has personnel located in Washington, DC and New York, NY.


Learn more about this agency

Responsibilities

As mandated by the Dodd-Frank Act, the Office of Credit Ratings was created in support of the Commission’s mission to protect investors, facilitate capital formation, and maintain fair, orderly, and efficient markets.

If selected you will join a team that is charged with administering the rules of the Commission: for the protection of users of credit ratings and in the public interest; promoting accuracy in credit ratings issued by NRSROs; ensuring that credit ratings are not unduly influenced by conflicts of interest; with respect to the practices of NRSROs in determining credit ratings; and helping to ensure that firms provide greater disclosure to investors.

Typical duties include:

  • Leading OCR’s Office of Examinations and Monitoring (EM), including providing management oversight for a team of approximately 30 EM staff who examine and monitor credit rating agencies registered with the Commission as nationally recognized statistical rating organizations (NRSROs) under Section 15E of the Securities Exchange Act of 1934.
  • Developing and implementing examination and monitoring processes and procedures that are aligned with OCR’s overall strategic direction.
  • Overseeing the NRSRO examinations, directing an NRSRO monitoring program that identifies market developments and industry trends, and working with EM staff, other OCR staff, and other Commission divisions and offices to prepare studies and reports.
  • Assessing the effectiveness of existing and/or proposed legislation, standards, regulations, and/or policies in order to develop recommendations, and working closely with EM staff and other OCR staff in formulating, implementing, and interpreting policies, rules, and regulations applicable to NRSROs.
  • Managing the risk assessment process and overseeing the application and utility of quantitative data and other information to enhance risk assessment, examinations, and monitoring activities, and to inform potential policy recommendations.
  • Coordinating with other Commission divisions and offices to provide input in support of the collective work of the Agency, considering the broader market impact of NRSROs.
  • Building EM into a cohesive and aligned team by applying contemporary leadership practices including: strategic, critical, and innovative thinking; effective communication skills; emotional intelligence; empowering, motivating, and developing others; supporting diversity, inclusion, and equal employment opportunity; encouraging a culture of ongoing feedback; and constructive management of conflicts and differences in perspectives.

Travel Required

Occasional travel – Travel may be required for up to 60 days per year for this position, the majority of which is between Washington, DC and New York, NY.


Supervisory status

Yes


Promotion Potential

2