The Division of Investment Management (IM) works to support the SEC in its mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. IM regulates investment companies, variable insurance products, and federally registered investment advisers.

IM’s Chief Counsel’s Office is seeking to fill one Supervisory Attorney-Adviser (Assistant Director) position in Washington, DC.


If selected, you will join a team that is responsible for, among other things, issuing staff guidance (including no-action and interpretive letters), as well as providing exemptive relief under the Investment Advisers Act of 1940 and Investment Company Act of 1940, reviewing draft legislation and regulations, and coordinating with international securities-related organizations related to investment company and investment adviser matters.

Typical Duties Include:

  • Providing and recommending formal guidance, which may include no-action or interpretive letters, Commission orders or releases, or other forms of guidance.
  • Providing informal guidance on inquiries received (e.g., public telephone and e-mail inquiries) related to issues with respect to the Investment Company Act, the Investment Advisers Act, and other laws and regulations.
  • Assisting with Congressional testimony and in responding to Congressional inquiries related to investment companies and investment advisers.
  • Liaising with other divisions and offices in the Commission (e.g., Enforcement and Examinations) on matters related to investment companies and investment advisers.
  • Coordinating the division’s work with international organizations and entities (e.g. IOSCO, foreign regulators).
  • Carrying out supervisory duties, such as performance management, training, awards, and recruitment; keeping employees informed regarding the policies, procedures, and goals of the Commission as they relate to their work on assigned projects.

Conditions of Employment

  • CITIZENSHIP: This position is open to US Citizens.
  • You must possess a J.D. or LL.B Degree
  • You must be an active member of the bar in good standing
  • Application procedures are specific to this vacancy announcement. Please read all the instructions carefully. Failure to follow the instructions may result in you not being considered for this position.
  • Supplementary vacancies may be filled in addition to the number stated in this announcement.
  • This position has promotion potential to the SK-17.
  • TRIAL PERIOD: This appointment may require completion of a two-year supervisory trial period.
  • SECURITY CLEARANCE: Entrance on duty is contingent upon completion of a pre-employment security investigation. Favorable results on a Background Investigation may be a condition of employment or selection to another position.
  • DRUG TESTING: This position may be subjected to drug testing requirements.
  • PERMANENT CHANGE OF STATION (PCS): Moving/Relocation expenses are not authorized.
  • DIRECT DEPOSIT: All Federal employees are required to have Federal salary payments made by direct deposit to a financial institution of their choosing.
  • This position is not in the collective bargaining unit.
  • Due to COVID-19, the SEC is currently in a mandatory telework posture through September 7, 2021. If selected, you will be permitted to temporarily telework from a location outside the local commuting area.
  • Once employees are permitted to return to the office, you will be expected to report to the duty station listed on this announcement within 60 days. At that time, you will be eligible to request telework in accordance with the SEC ‘s telework policy.


All qualification requirements must be met by the closing date of this announcement.

Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. Qualifying education must have been obtained from an accredited college or university recognized by the U.S. Department of Education.

BASIC REQUIREMENT: All applicants must possess the following

  • J.D. or LL.B. degree –AND–
  • Active membership of the bar in good standing in any state, territory of the United States, the District of Columbia, or the commonwealth of Puerto Rico. (Note: proof of bar membership will be required before entry on duty.

MINIMUM QUALIFICATION REQUIREMENT: In addition to meeting the basic requirement, applicants must also meet the minimum qualification requirement.

SK-17: Applicant must have At least four years post-J.D experience independently identifying legal issues, providing legal analyses, providing legal solutions/recommendations, and preparing legal documents, such as memos, disclosures, and regulatory filings, which also includes at least three years:

  1. Providing legal advice;
  2. Responding to complex and difficult questions;
  3. Researching and providing legal interpretation of statutes, and implementing regulations;
  4. Developing and preparing guidance on a variety of complex legal issues, interpretation and application of statues; and
  5. Interpreting and applying the provisions and providing sound advice regarding the federal securities laws (for example, the Investment Company Act, the Investment Advisers Act, the Securities Act and/or the Exchange Act).

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