The SEC is looking to hire two municipal market pros for a new unit within the Division of Enforcement that focuses on municipal securities and public pensions.
"We're not looking for lawyers. We're looking for people with industry experience," Mark Zehner, the Philadelphia-based unit's deputy chief, tells eFinancialCareers News.
The openings call for candidates to be either former investment bankers or former traders in the public-finance arena, or to have experience with public pension funds. "We're hoping between the two slots to get at least two out of the three" skill-sets, says Zehner.
He says he's much more interested in a candidate's experience than education. The posting runs through March 25. Only U.S. citizens are eligible.
A restructuring of the SEC's Enforcement Division last year created five units that zero in on distinct segments of the financial markets. The other four are: asset management, structured and new products, market abuse, and the Foreign Corrupt Practices Act. The groups formally got off the ground in January.