State of Connecticut Executive Branch

In the Department of Banking, Securities and Business Investments Division, this class is accountable for administering the programs and operations of the division.

Receives executive direction from the Commissioner, Deputy Commissioner or other administrative official of higher grade.

• Administers staff and operations of the division;
• Coordinates, plans and manages division activities;
• Formulates, implements and evaluates program goals and objectives through pertinent business and operations information, identifying and evaluating industry trends and regulatory requirements;
• Develops or assists in development of related policy;
• Interprets and administers pertinent laws;
• Accomplishes staff results by communicating job expectations, planning, monitoring and appraising job results and evaluates staff;
• Prepares or assists in preparation of division budget;
• Maintains contacts with individuals within and outside of division who might impact on policy or program activities;
• Coaches counsels and disciplines employees enforcing policies and procedures and setting productivity standards;
• Administers acceptance and processing of applications for registration of securities and investment agents;
• Directs and coordinates review of required documents and financial statements to determine qualifications and financial condition of applicants and registrants;
• Supervises, coordinates and reviews all examinations of broker-dealers and investment advisors;
• Directs and coordinates review of documents submitted for registration of securities documents filed in accordance with the Connecticut Tender Offer Act;
• Directs and coordinates investigations concerning violations of federal law in such areas;
• Convenes administrative hearings when required in regard to denial, suspension or revocation of registrations under the Securities and Business Opportunity laws and the tender-offer laws;
• Coordinates with other state and federal agencies in investigation and prosecution of violators of the Connecticut Uniform Securities Act (CUSA);
• Collaborates with various law enforcement agencies in prosecution of individuals and/or entities that criminally violate state and/or federal laws in area of Securities and Business Opportunity laws;
• Leads the recruitment and hiring of staff, including outreach, interview and selection;
• Performs related duties as required.

• Considerable knowledge of 
• and ability to apply management principles and practices;
• relevant state and federal laws, statutes and regulations;
• accounting and auditing principles and practices including ability to understand financial statements;
• Knowledge of investigatory techniques;
• Considerable 
• interpersonal skills;
• oral and written communication skills;
• Considerable ability to
• implement organizational change and motivating teams;
• provide leadership.

Ten (10) years of professional experience in business, accounting, finance or public administration.

Two (2) years of the General Experience must have been in a capacity responsible for strategic business planning, organizational development, management development, and process improvement for a major program or division.

• College training in finance or a related field may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor's degree.
  
• A Master's degree in business administration, accounting or a closely related field may be substituted for one (1) additional year of the General Experience.