The Municipal Securities Rulemaking Board is seeking applicants for nine attorney, administrative, and technology positions, according to notices on its website.
The posts are: assistant general counsel, associate general counsel, director of management and control services, accounting supervisor, business process analyst, network operator, senior information technology infrastructure engineer, systems development manager, and systems developer.
The hiring appears to be a direct result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which as of Oct. 1 will broaden the mission of the MSRB to include the protection of state and local governments and other municipal entities such as public pension funds, college savings plans, and government investment pools, as well as investors and the public interest.
The board, which will be required to have a majority of public members for the first time, also will be charged with regulating non-dealer municipal advisers.
The two new attorneys will collaborate on MSRB rulemaking and policy, as well as provide advice on internal legal matters, the board said. They will be responsible for contact with regulators, industry participants, and outside counsel and will provide legal interpretations of MSRB rules, both verbally and in writing, in response to industry, public and regulatory inquiries.
They also will prepare policy memorandums for the board, MSRB notices for publication, and other legal documents. In addition, the lawyers will represent the board and make presentations at meetings of dealers, advisers, investors, issuers and regulators.
Candidates must have a law degree plus eight years of prior related legal experience, including three or more years in the municipal securities industry or another closely related sector. They also must have strong written and verbal communication skills, including experience with public speaking.
The board would prefer candidates with knowledge of broker-dealer regulation, the municipal securities market and its products, investment adviser regulation, and derivatives experience.
The MSRB is hiring a director for a newly created management and control services group, which will administer the overall reporting process for the IT organization, including the development and execution of a two- to three-year strategic plan. Candidates should have either a bachelor’s degree in business administration, computer science or a related discipline, or an equivalent combination of education and experience.
They should have a minimum of 10 years of experience managing or contributing to the preparation of management reporting for an organization, risk management, cost center budget and forecasting, compliance reviews on policies and procedures, and organizational long-term planning.
They also should have a minimum of three years of management experience supervising business-operations team members and must possess strong collaboration skills.
Lynn Hume writes for The Bond Buyer.