Senior Associate, Chief Counsel

Posted:
12/12/2024, 2:16:34 AM

Location(s):
Washington, United States

Experience Level(s):
Senior

Field(s):
Legal & Compliance

Join us and make a difference in global investor protection.

Who We Are

The Public Company Accounting Oversight Board (PCAOB), a nonprofit organization established by Congress, oversees the audits of public companies and SEC-registered brokers and dealers to protect investors and to further the public interest in the preparation of independent, accurate, and informative audit reports.

Our investor protection mission is focused on modernizing audit standards, enhancing audit inspections, and strengthening enforcement of PCAOB rules and standards and other related laws and rules. People are at the heart of our mission at the PCAOB.  As we carry out that mission, we strive to uphold the highest standards in audit quality with investors’ families, savings, and futures in mind. 

We are hiring mission-driven professionals interested in a career with purpose, competitive benefit offerings, and work-life flexibility. If you are interested in working with a diverse group of talented professionals to protect investors and drive audit quality and innovation while adhering to the highest standards of ethical and professional conduct, join us.

What We Offer

At the PCAOB, we offer a highly competitive compensation and benefits package with a focus on the health and financial well-being of our valued team members. Some of the features of our comprehensive Total Rewards package include:

  • Compensation – We support transparency, equity, and fairness in our compensation programs and provide a reasonable estimate of the salary range, based on data-driven market analysis, for each job posting. While it is not typical for an individual to be hired at or near the top of the range, a reasonable estimate of the salary range for this role in Washington, DC (Headquarters) is $260,200 - $408,100 per year. Team members may also be eligible for performance-based discretionary awards.

  • Hybrid work option – Staff will be assigned to the Washington, DC (Headquarters) office. Staff can choose to live and work from anywhere within the United States but will be required to commute to their assigned office or location for occasional intentional gatherings or meetings at the frequency required by their supervisor. Travel to an assigned office or location for commuting purposes will not be considered reimbursable business travel, unless otherwise required by state law. Business travel is reimbursable in an amount not exceeding the cost to travel from the assigned office or location, unless otherwise required by state law.

  • Generous paid time off – Up to 6 weeks annually, in addition to 12 federal holidays, 2 floating holidays, and a year-end break in December 2024

  • Highly competitive 401(k) match and savings options – Immediate vesting and contributions matched dollar for dollar, up to 7 percent of eligible compensation. Roth in-plan conversion available. 

  • Comprehensive and competitive health benefit offerings – Medical, dental, and vision plans

  • Supportive paid family leave benefits – Up to 16 weeks paid parental leave and up to 16 weeks paid caregiver leave

  • Life insurance benefits – Basic life and AD&D insurance provided; supplemental insurance also available

  • Education benefits – PCAOB staff qualify for the Public Service Loan Forgiveness (PSLF) program. We also offer student loan repayment assistance, staff college tuition assistance, and college coach program support.

  • Well-being and family resources – Mental health and well-being resources, paid volunteer time, emergency child/adult dependent back-up care services, family-forming assistance, discounted gym memberships, employee assistance program (EAP), health advocate program, and more  

  • Commuter benefits – Tax-free employer subsidy and pretax employee deductions 

Role Summary

The PCAOB has a full-time, regular position for a Senior Associate, Chief Counsel in the Office of the Chief Auditor (OCA) at its Washington, DC headquarters office. The Senior Associate, Chief Counsel will report to the Deputy, Chief Auditor and lead a small group of attorneys in OCA. The position will have a range of duties and responsibilities primarily related to the proposal and adoption of standards.

Responsibilities

  • Advise and counsel, as requested, the staff of OCA on the major standard-setting activities and related projects in OCA.

  • Scrutinize the presentation of facts, analysis, and arguments in draft materials, including draft economic analyses, to promote a high level of accuracy, analytical consistency, and persuasiveness. Draft material for releases and other policy documents, especially material of a legally sensitive nature.

  • Help OCA with technical regulatory drafting issues so that the language is internally logical and fits within existing or revised standards or rules to maximize clarity and enforceability of new provisions.

  • Creatively assess the applicability of legal precedent to the standard-setting process, such as court cases related to accounting, auditing, and regulatory procedures. Perform or guide legal research of judicial decision law, statutory law, administrative regulations, and other authoritative source material.

  • Anticipate areas of legal risk to OCA and to the PCAOB, such as the legal challenge of standards adopted by the Board. Marshal resources and coordinate with others at the PCAOB to analyze and address these areas of risk.

  • Participate, as needed, in meetings with the Board to update members on developments and challenges in standard-setting projects.

  • Represent, as needed, along with other staff, OCA in meetings and interactions with staff of the Securities and Exchange Commission.

  • Participate, as needed, in OCA's review of proposed actions by other PCAOB divisions, including the Division of Registration and Inspections and the Division of Enforcement and Investigations, that involve the interpretation and enforcement of the Board's professional standards.

  • Promote a high level of trust in the accuracy and integrity of the work of OCA and of the standard-setting documents issued by the PCAOB.

  • Initiate and conduct training on legal issues for OCA staff.  

  • Supervise and lead a small team of attorney employees in OCA.

  • Perform the full range of supervisory duties, including evaluating employee performance; making recommendations for appointment and promotion; hearing and resolving complaints; identifying development and training needs of employees; and other related supervisory tasks.

  • Recruit, maintain, and develop staff consistent with business needs.

  • Other duties as assigned.               

Qualifications

Education/Technical Expertise

  • At least 12 years of progressively responsible experience with a government agency, regulatory body, or law firm (or combination).

  • Experience in an environment related to auditing, accounting, or financial reporting (or combination).

  • Juris doctor (JD) degree from an accredited law school in the United States.

  • Active member of the Bar.

  • Knowledge and experience relating to federal securities laws and administrative rulemaking.

  • Excellent analytical and technical abilities, regulatory knowledge, and leadership skills.

  • Excellent oral and written communication skills.

  • Ability to work independently and as a member of a team.

  • Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future.

Leadership/Management Skills and Abilities

  • Ability to drive a positive “tone at the top” of the organization and hold others accountable for doing the same.

  • Ensures that own behavior and the behavior of others is consistent with the highest ethical standards and aligns with the values of the organization.

  • Must be able to motivate and inspire employees at all levels of the organization in order to enhance team commitment and individual performance.

  • Proven ability to develop, coach, and mentor staff, providing constant feedback and clear direction.

  • Ability to promote collaboration by unifying teams, setting common goals and incentivizing collaborative behavior.

  • Demonstrated success in establishing and maintaining positive working relationships with others, both internally and externally, to achieve the goals of the organization.

  • Strong ability to build credibility, organize effectively, solve problems quickly and communicate clearly.

  • Possesses the balance and emotional intelligence required to meet the diverse needs of the divisions/offices.

  • Proven ability to navigate and resolve various types of conflict in a timely and productive manner.

Equal Employment Opportunity

All PCAOB employees are entitled to equal opportunity and a professional work environment, free of discrimination and harassment. A workplace free of discrimination and harassment is fundamental to professional success and to the PCAOB's mission. The PCAOB will consider for employment all qualified applicants with criminal histories in a manner consistent with applicable law.

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