mcdermott will schulteNew York, NY
Associate - Financial Institutions (Broker-Dealer, Regulatory & Enforcement) - New York
$235,000
Apply (opens in a new tab)Associate - Financial Institutions (Broker-Dealer, Regulatory & Enforcement) - New York
Associate - Financial Institutions (Broker-Dealer, Regulatory & Enforcement) - New York
mcdermott will schulteNew York, NY
12 days ago
$235,000
Investment Banking and Securities IntermediationOffices of LawyersPortfolio Management and Investment Advice
Apply for this role (opens in a new tab)Build your big career with the firm that does Big Law, Better. McDermott Will & Schulte is a leading global law firm that brings together more than 1,700+ lawyers and 1,450 business professionals. We celebrate excellence, collaboration, and community and have been recognized as a top workplace by USA Today, Fortune, The American Lawyer, Vault and others. We are also certified by Great Place to Work.
Here, we don’t just invest in your future, we accelerate your career – wherever it may lead. That includes supporting you both in and outside of the office.
With Us, You’ll Find
A firm where everyone belongs: Our award-winning culture prioritizes warmth and authenticity — we encourage you to be yourself!
Enthusiasm for all perspectives: We’re smarter and stronger when everyone has a voice and a seat at the table. We welcome unique viewpoints and ideas, and we make opportunities for you and your career to thrive.
Support to feel your best and do your best: Wellness is integral to building a successful career and a rich life. That’s why our McDermott Well program supports your physical, emotional, mental, and financial health, with an emphasis on work-life balance.
Real rewards for real work: We offer generous compensation packages that recognize hard work and excellence
About The Role:
The Financial Institutions Group at McDermott Will & Schulte is seeking an Associate with at least three years of experience advising broker-dealers and other financial services clients on regulatory matters. This individual will work closely with partners and senior associates on a broad range of securities regulatory issues affecting broker-dealers, investment banks, and other market participants. The role offers significant client contact and the opportunity to work on sophisticated, high-profile matters for leading financial institutions.
Key Responsibilities:
Advise broker-dealers, investment banks, and other financial institutions on regulatory obligations under the Securities Exchange Act of 1934, FINRA rules, and related state and federal securities laws
Assist clients with broker-dealer registration, licensing, and ongoing compliance matters
Support internal investigations, regulatory examinations, and enforcement matters involving the SEC, FINRA, and state securities regulators
Draft and review compliance policies, supervisory procedures, and written supervisory procedures (WSPs)
Analyze new products, services, and business lines for regulatory implications
Assist in structuring broker-dealer transactions, including mergers, acquisitions, and restructurings involving regulated entities
Monitor and advise on regulatory developments affecting the broker-dealer industry
Prepare client memoranda, regulatory filings, and correspondence with regulators
Collaborate with partners and cross-practice teams on multi-disciplinary client matters
Qualifications:
Minimum of three years of relevant experience at a law firm, regulatory agency, or in-house at a financial institution, with a substantive focus on broker-dealer regulation
Strong working knowledge of the Securities Exchange Act of 1934, FINRA rules, and SEC regulations applicable to broker-dealers
Experience with regulatory examinations, inquiries, or enforcement matters is strongly preferred
Excellent academic credentials
Superior analytical, drafting, and communication skills
Ability to manage multiple matters independently while working collaboratively within a team environment
Strong client service orientation and sound business judgment
J.D. from an accredited law school
Must be barred in the state of New York
Expected Pay Range for Associates: 2026/2025 Class Compensation Years: $235,000
2024 Class Compensation Years: $245,000
2023 Class Compensation Years: $270,000
2022 Class Compensation Years: $320,000
2021 Class Compensation Years: $385,000
2020 Class Compensation Years: $410,000
2019 Class Compensation Years: $440,000
2018 and more senior class compensation years: $455,000
Also on the board Same function, level within a rung
Level
Mid
Salary
$235,000
Location
New York, NY
Occupation
Lawyers
Industry
Investment Banking and Securities Intermediation
Posted
12 days ago