State of Washington

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at State of Washington

Posted: 11/18/2019
Job Status: Full Time
Job Reference #: 2633093

Job Description

Overall Job Objective


Providing Regulatory Oversight for Our State's Financial Service Providers

About Our Agency:
The Washington State Department of Financial Institutions' (DFI) mission is to regulate financial services to protect and educate the public and promote economic vitality. Collectively and independently, the Department's nearly 200 employees within its 5 divisions - Administration, Banks, Consumer Services, Credit Unions, and Securities - work together to create a stronger economic future and secure financial environment for Washington's consumers and businesses alike. DFI is self-supporting, in that none of its operating revenues come from the state's general tax funds. Its operating revenues are paid by the organizations and individuals it regulates. To learn more about the Department of Financial Institutions, please visit our website at

About The Division:
The Departments Division of Securities regulates the offer and sale of investments to Washington state residents. This is accomplished using a variety of regulatory and enforcement tools, including registration requirements for securities, franchise and business opportunity offerings and licensing and examination of securities broker dealers and investment advisers. The division works directly with the entities it regulates and provides technical assistance to small businesses, responds to customer complaints, undertakes investigations based upon complaints and undercover work, and brings appropriate administrative, civil and criminal cases.

This division is recruiting for a Financial Legal Examiner, which may be filled at the 1 thru 4 level, depending on applicant qualifications.


About the Position:

Under supervision, this position supports the mission of the agency by reviewing initial licensing applications of investment advisers and broker-dealers and their representatives. The position will also conduct examinations and investigations of investment advisers, broker-dealers and their representatives and analyze associated financial records that may lead to administrative, civil or criminal actions.  These actions advance DFI's goals of implementing and enforcing laws regulating financial institutions and consumer protection laws.    

Some of What You Will Do:
  • Complete sophisticated legal analysis of referrals received as a result of financial examinations.
  • Draft administrative orders, statements of charges, legal memoranda and investigative reports.
  • Negotiate settlements with corporate counsel, compliance officers, licensees and other interested parties.
  • Investigate cases involving potential violations of the Securities Acts and related state and federal law.
  • Develop essential evidentiary facts through drafting and executing investigation plans.
  • Draft, issue and enforce subpoenas.
  • Conduct testimony.
  • Select and interview witnesses.
  • Examine financial records, company records, offering materials and other records as necessary.
  • Independently analyze advisory contracts, limited partnerships or limited liability agreements, financial statements and other records for investment adviser, private fund, broker-dealer and representative applications.
  • Interpret, apply and negotiate compliance with federal and state securities laws.
  • Provide briefings on securities, administrative or other complex legal issues to supervisors, attorneys, financial examiners and others.
  • Other duties as assigned.


Required Qualifications:

Legal examiners must have exceptional analytical, verbal and written communication skills.

Desired Qualifications
Graduation from an accredited law school. Knowledge of state and federal securities laws and other laws related to the Division's operations


Active membership with the Washington State Bar Association (WSBA) or awaiting bar exam results and or bar number


Two years experience as a deputy or prosecuting attorney, assistant attorney general or in public or private practice involving banking law, consumer finance law, consumer protection law, securities, corporate law or trial procedures.

Ability to work on a team or independently as task requires.

Supplemental Information

Official Work Station:
Your official work station will be defined as the Tumwater Headquarters Office.

Application Process:
Applications for this recruitment will be accepted electronically. Submitting your application materials electronically will act as confirmation that the information submitted is complete and accurate to the best of your knowledge. Failure to provide all required application materials may result in disqualification.

Interested applicants should select the "Apply" button and attach the following materials to their application:
  • Cover Letter
  • Resume
  • Three professional references* (provide contact name, phone number, email address, company name, and job title)
  • Unofficial law school college transcripts
  • 5-10 page writing sample
*A professional reference is someone who has been paid to supervise your work and can attest to your work performance, technical skills and job competencies. If you do not have sufficient professional references, please include non-professional references, such as educators or other professional associates.

Note: Application review may begin immediately. DFI reserves the right and may exercise the option to close this recruitment and make a hiring decision at any time. It may be to the applicants advantage to submit application materials as soon as possible.

Background Investigation:
Prior to a new hire, a background check including credit history and criminal record history will be conducted.  Information from the background check will not necessarily preclude employment but will be considered in determining the applicant's suitability and competence to perform in the position. 

Contact Information:
Tom Grant