Director, Transparency Services Equities

About the Role

This is a rare opportunity to sit at the intersection of financial markets, regulatory policy, and product strategy at one of the most influential organizations in the U.S. securities industry. As Director, Transparency Services — OTC Equities, you will own the business and P&L for FINRA's OTC Equity products and facilities — shaping market structure, driving product development, and serving as a critical voice in how unlisted equity markets operate and evolve.

You'll engage directly with trading firms, ATSs, technology providers, and regulators, while internally leading cross-functional teams through complex product launches and real-time market events. Your decisions will directly reduce fraud, prevent market dislocations, and protect investors — work that matters at a national scale. This is a high-impact, high-visibility leadership role for a seasoned equities professional ready to influence market structure from the inside.

Own the P&L and business operations for FINRA's OTC Equity products and facilities

Analyze market and industry trends to propose and prioritize product development strategies, balancing market needs with regulatory objectives and FINRA's strategic initiatives

Develop business plans and oversee execution from inception through product launch, including product and pricing model development

Ensure OTC Equity products meet market and customer needs, with feasibility and objectives aligned to broader product strategy

Monitor developing trends in trading practices, technology, and emerging asset classes — including cryptocurrency trading and tokenized equities

Play a leading role in defining market structure issues for unlisted equities

Shape FINRA's OTC Equity policy positions and product development by drawing on deep industry expertise

Play a key role in the development of OTC Equity policies and procedures related to trading, operations, and compliance — and communicate these to FINRA staff and market participants as needed

Serve as FINRA staff liaison to the Uniform Practice Code Committee

Lead decision-making around market halts, including recommendations on when trading should be suspended

Participate in decisions to approve or deny corporate actions for OTC Equity-traded companies — decisions with direct implications for fraud prevention and market stability

Manage FINRA's real-time response to OTC Equity market halts, trade breaks, and other extraordinary market conditions

Field and resolve real-time inquiries from trading, operations, and compliance staff at participant firms, directing issues to appropriate internal parties as needed

Serve as a primary external-facing point of contact for key OTC Equity market stakeholders, including trading firms, ATSs, and technology providers

Interface and negotiate with third parties — including market participants, other regulators, and potential technology vendors — in collaboration with FINRA officials and the VP, Business Services Lead

Lead and support industry presentations, conference speeches, seminars, and committee engagements

Coordinate member-requested meetings, drawing on industry knowledge to drive productive outcomes

Maintain and ensure the accuracy of OTC Equity participant contact databases across Transparency Services

Monitor and manage project progress and deliverables across all relevant departments to ensure timely and successful implementations

Work with Transparency Services Operations, Market Regulation, and OGC to identify and resolve real-time issues affecting participant firms

Coordinate with internal departments to…