In an attempt to have an expert readily available to handle all issues and inquiries that come from the public and stakeholders as a whole, SEC is seeking to employ an Attorney-Adviser. The adviser will double up as a crypto specialist. Per the jobs listing on federal employment website the USA, the applicant will have until the 15th of April to submit their applications starting from 29 March.
Profile required by the SEC
First and foremost, the applicant must have a good standing in the Federal Bar Association and should be an active member. Further on, the applicant must be a holder of either a Bachelor of Laws LL.B degree or have a Juris Doctor J.D. For the latter the applicant must have four years of experience as an attorney as a J.D holder. Moreover, the J.D holder must have been an attorney who was focusing more on regulator areas especially when it came to the Securities Exchange Act of 1934, applying laws that govern the securities industry together with interpreting laws in the latter sector.
Apart from handling the matter with the law, the new SEC hire will also assume other responsibilities. The applicant will also take the responsibility of being the point person for the public, market participants, for the US and international regulators at large. Similarly, the new SEC employee will work with the Financial Stability Oversight Council’s (FSOC’s) Digital Assets Working Group while at the same time will assume the roles of the division head of SEC’s FinTech Working Group.
However, above all the new listed responsibilities, the new employee’s knowledge and expertise will come in handy at helping handle matters revolving around sales and trading practices, exchange product application, exchange, broker-dealer, clearing, and transfer registrations. For all the above, the new employee is expected to pocket $144,850–$238,787 annually.
Beside SEC, other firms which have hired new experts for the crypto and blockchain sector as a whole include Facebook, EY, KPMG, Deloitte, and JP Morgan. Some have employed more than one.