The Legal Policy 3 (LP3) Group in the Office of the General Counsel provides legal and policy advice to the Commission, Commissioners, and the divisions and offices concerning securities laws, administrative law, and other applicable legal authorities. In particular, the LP3 Group analyzes regulatory recommendations to the Commission, primarily from the Division of Corporation Finance and the Office of the Chief Accountant, and advises on matters involving disclosures and accounting standards
Conditions of Employment
CITIZENSHIP: This position is open to US Citizens.
You must possess a J.D. or LL.B Degree.
You must be an active member of the bar in good standing.
Typical duties include:
This position serves as a General Attorney within the Legal Policy 3 Group, responsible for providing high-level assistance, particularly in the areas of public company accounting and financial reporting policy and administrative law matters:
Provides expert legal advice and assistance orally and in writing to Office of the General Counsel management and staff, the Chair's office, individual commissioners, and other attorneys and specialists in Commission divisions and offices whose work has broad legal implications pertaining to the federal securities laws and other areas of law, such as administrative laws.
Reviews and provides feedback on proposals for rules and regulations drafted by other offices or divisions of the Commission, particularly from the Office of the Chief Accountant and the Division of Corporation Finance, assists with review of PCAOB standard setting, and provides general legal support to the Office of Investor Advocate, the Office of Advocate for Small Business Capital Formation, the EDGAR Business Office and the Division of Economic and Risk Analysis' Office of Structured Disclosure.
Addresses complex matters involving the accounting, auditing, and financial reporting obligations applicable to issuers of securities, including matters involved in drafting, interpreting or applying legislation, regulations, orders, or other legal instruments.
Works independently and with other attorneys to provide advice under tight rulemaking deadlines and to resolve effectively and efficiently numerous complex issues.
Attends and participates in meetings where crucial policy formulation, procedural development and agency positions are developed.
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.
SK-13: Applicant must have at least two (2) years of post J.D. work experience identifying legal issues, providing legal analyses, providing legal solutions/recommendations, and preparing legal documents, such as memoranda, correspondence, and orders, which also includes at least one (1) year of experience: 1) demonstrating knowledge of the federal securities laws, with an emphasis on regulatory recommendations particularly pertaining to the Securities Act of 1933, the Securities Exchange Act of 1934, and issues related to the registration, disclosure, and reporting (including financial reporting) requirements applicable to issuers of securities; 2) experience with public company financial reporting, preferably including familiarity with the standards and activities of the Public Company Accounting Oversight Board or Financial Accounting Standards Board; and 3) experience with agency rulemaking, preferably including familiarity with the Administrative Procedure Act and other federal administrative statutes applicable to agency rulemaking.
SK-14: Applicant must have at least three (3) years of post J.D. work experience identifying legal issues, providing legal analyses, providing legal solutions/recommendations, and preparing legal documents, such as memoranda, correspondence, and orders, which also includes at least two (2) years of experience: 1) interpreting the federal securities laws, with an emphasis on regulatory recommendations particularly pertaining to the Securities Act of 1933, the Securities Exchange Act of 1934, and issues related to the registration, disclosure, and reporting (including financial reporting) requirements applicable to issuers of securities; 2) experience with public company financial reporting, preferably including familiarity with the standards and activities of the Public Company Accounting Oversight Board or Financial Accounting Standards Board; and 3) experience with agency rulemaking, preferably including familiarity with the Administrative Procedure Act and other federal administrative statutes applicable to agency rulemaking.
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
Additional guidance and application instructions can be found here:
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.