Securities Department Director

Job Title Securities Department Director Division Administration Union None Location 69 W Washington St, Chicago, IL - Cook County Salary $90,000 - $160,000 annually - actual salary commensurate with experience Job Description The Illinois Securities Department regulates the offer and sale of securities in Illinois. The Department licenses securities offerings and entities that engage in broker‑dealer activities or investment advisory services, as well as investigates complaints from investors, taking legal action where the law is violated. The Director oversees the statute that controls a major segment of the investment industry in the State of Illinois and plans, coordinates, supervises, reviews and analyzes the activities of a diverse legal and technical staff, of over 50 exempt, merit compensated and union employees located in Chicago and Springfield, directly and through subordinates. Responsibilities Work with the Secretary of State, the Secretary of State General Counsel’s office, and other ILSOS administrative officers on all matters involving the Securities Division, including determining policy direction, exercising discretion in the imposition of escrows of securities, funds or franchise fees, and the content of disclosure statements for franchise offerings to Illinois investors. Prepare amendments to existing laws and confer with the Illinois legislative branch relative to matters affecting those laws, propose administrative rules as needed to implement the legislative intent of securities laws, oversee the preparation of the Securities Division budget, interview prospective employees prior to hiring. Oversee, with the Budget Department of the Illinois Secretary of State, the preparation of the Securities Department’s budget within the Illinois Secretary of State’s budget. Participate in the hiring processes led by the ILSOS Human Resources Department, including preparing questions for and participating in interviews of prospective employees of the ILSOS Securities Department prior to hiring by the Illinois Secretary of State. Direct enforcement attorneys in investigation and prosecution of violations of securities laws; recommend injunctive action to the Attorney General’s office and criminal prosecutions to the State’s Attorney’s offices. Address legal, fraternal, trade associations and law schools on topics related to securities. Conduct formal and informal conferences with attorneys, underwriters, accountants, and related parties contemplating a public offering of securities and franchise offerings or having proposed offerings on file which upon review reveals serious substantive and technical deficiencies. Revise and evaluate findings, reports, Special Orders, Notices of Legal Action, legal interpretation letters, and Registration Notices for accuracy and conformance to the Securities Law, Franchise Disclosure Act, and related securities laws. Devising and developing plans and procedures for revisions of registration forms in coordination with the Federal Securities Act forms and franchise‑related forms of other states. Conferring with representatives of agencies of other states and federal entities to prevent, detect, and prosecute violations of the Illinois Securities Law, the Franchise Disclosure Act, other states’ Blue Sky Laws or the Federal Securities Act; conferring with appropriate executive officers of national and regional stock exchanges on matters affecting the investing public. Cooperate and work with the Secretary of State General Counsel’s office and representatives of the Attorney General’s office, State’s Attorneys and other state departments or enforcement agencies in preventing, detecting, or prosecuting violations of the Illinois Securities Law of 1953 and the Franchise Disclosure Act. Other duties as assigned. Experience and Qualifications Bachelor’s Degree required, with degree in finance, accounting, or business management preferred. Law degree is preferred, with experience in securities, finance or regulatory areas preferred. A minimum of 5 years’ work experience in securities and/or finance required, with experience in securities law. A minimum of 3 years’ work experience in management of a large‑scale department, division, or similar operations. Work experience in governmental setting or government‑adjacent fields preferred but not required. Benefits Dental insurance Employee assistance program Flexible spending account Health insurance Paid time off Vision insurance Willingness to Travel 25% (Preferred) Equal Employment Opportunity Equal Employment Opportunity Employer. Applicants must be lawfully authorized to work in the United States. Applicants are considered for all positions without regard to race, color, religion, sex, national origin, sexual orientation, age, marital or veteran status, or the presence of a non‑job‑related medical condition or disability. #J-18808-Ljbffr Illinois Secretary of State