SEC muni office promotes new deputy, hiring financial analyst

Bonds

The Securities and Exchange Commission’s Office of Municipal Securities has a new deputy director and is seeking a financial analyst to join its team in either of its Los Angeles, Washington D.C., Atlanta or Chicago offices.

That’s according to an SEC spokesperson and a posting on USAJOBS, the official job portal for the federal government. Adam Wendell has been promoted to the position of deputy director for OMS, after having been at the SEC since 2016.

Wendell began his stint with the Commission in 2016, where he came on as an attorney advisor on legal and policy issues affecting municipal securities. He was promoted to senior special counsel in September 2019.

He began his career at Hawkins Delafield & Wood from 2000-2005 where as an associate, he participated as bond counsel, disclosure counsel and underwriters counsel in public finance transactions, according to his LinkedIn. He then worked for ten years at McCarter & English where he was bond counsel, borrowers counsel, and underwriters counsel in addition to representing lenders and trustees in sectors including environmental infrastructure financing, healthcare, housing, and transportation, among others.

According to the job posting for the analyst, the desired applicant should expect to “perform financial analysis to formulate and recommend courses of action on matters affecting municipal securities.”

The analyst should also expect to draft and produce research briefings, identify and monitor current trends in the muni market, perform data intensive financial analysis and research of the municipal securities market and utilize spreadsheets, databases and statistical software to analyze data sets, the posting said.

The search by the muni office is significant because the office is the SEC’s center for expertise on the muni market, and the OMS director, currently Dave Sanchez, reports directly to the SEC chair. Commissioners are known to give significant weight to the judgment of staff with expert knowledge in their areas.

Qualified applicants will be judged on how competent they are in economics, financial analysis, oral communication and written communication. Applicants must also complete a 12 question Occupational Questionnaire that requires interested individuals to respond to questions about their employment experience and preferences.

The job will not have the possibility of permanent remote work but “due to COVID-19, the SEC is currently in an optional telework posture,” the posting said. “This position is eligible to request telework in accordance with the SEC’s telework policy.”

The Commission’s telework policy allows employees to work remotely with advanced approval on an occasional basis for one to three days.

Salary range for the financial analyst position is $134,304-$227,534, based on experience. The job posting closes on Aug. 2.

Applicants applying for any position at the SEC must be a U.S. citizen.

The SEC did not immediately respond to requests for comment.

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