Associate - Financial Institutions (Broker-Dealer, Regulatory & Enforcement) – New York

Build your big career with the firm that does Big Law, Better. McDermott Will & Schulte is a leading global law firm that brings together more than 1,700+ lawyers and 1,450 business professionals. We celebrate excellence, collaboration, and community and have been recognized as a top workplace by USA Today, Fortune, The American Lawyer, Vault and others. We are also certified by Great Place to Work. Here, we don’t just invest in your future, we accelerate your career – wherever it may lead. That includes supporting you both in and outside of the office. With Us, You’ll Find A firm where everyone belongs: Our award-winning culture prioritizes warmth and authenticity — we encourage you to be yourself! Enthusiasm for all perspectives: We’re smarter and stronger when everyone has a voice and a seat at the table. We welcome unique viewpoints and ideas, and we make opportunities for you and your career to thrive. Support to feel your best and do your best: Wellness is integral to building a successful career and a rich life. That’s why our McDermott Well program supports your physical, emotional, mental, and financial health, with an emphasis on work-life balance. Real rewards for real work: We offer generous compensation packages that recognize hard work and excellence About The Role The Financial Institutions Group at McDermott Will & Schulte is seeking an Associate with at least three years of experience advising broker-dealers and other financial services clients on regulatory matters. This individual will work closely with partners and senior associates on a broad range of securities regulatory issues affecting broker-dealers, investment banks, and other market participants. The role offers significant client contact and the opportunity to work on sophisticated, high-profile matters for leading financial institutions. Key Responsibilities Advise broker-dealers, investment banks, and other financial institutions on regulatory obligations under the Securities Exchange Act of 1934, FINRA rules, and related state and federal securities lawsAssist clients with broker-dealer registration, licensing, and ongoing compliance mattersSupport internal investigations, regulatory examinations, and enforcement matters involving the SEC, FINRA, and state securities regulatorsDraft and review compliance policies, supervisory procedures, and written supervisory procedures (WSPs)Analyze new products, services, and business lines for regulatory implicationsAssist in structuring broker-dealer transactions, including mergers, acquisitions, and restructurings involving regulated entitiesMonitor and advise on regulatory developments affecting the broker-dealer industryPrepare client memoranda, regulatory filings, and correspondence with regulatorsCollaborate with partners and cross-practice teams on multi-disciplinary client matters Qualifications Minimum of three years of relevant experience at a law firm, regulatory agency, or in-house at a financial institution, with a substantive focus on broker-dealer regulationStrong working knowledge of the Securities Exchange Act of 1934, FINRA rules, and SEC regulations applicable to broker-dealersExperience with regulatory examinations, inquiries, or enforcement matters is strongly preferredExcellent academic credentialsSuperior analytical, drafting, and communication skillsAbility to manage multiple matters independently while working collaboratively within a team environmentStrong client service orientation and sound business judgmentJ.D. from an accredited law school Must be barred in the state of New York As part of our ongoing commitment to be #AlwaysBetter for our people, clients and communities, we have created a culture of belonging that champions your individuality as both a person and a professional. From our competitive compensation, top benefits and award-winning professional development programs to industry-leading wellness initiatives, we support you through every stage of your life and career. With McDermott, you can live a life you love both in and outside of the office. Expected Pay Range for Associates: 2026/2025 Class Compensation Years: $235,000 2024 Class Compensation Years: $245,000 2023 Class Compensation Years: $270,000 2022 Class Compensation Years: $320,000 2021 Class Compensation Years: $385,000 2020 Class Compensation Years: $410,000 2019 Class Compensation Years: $440,000 2018 and more senior class compensation years: $455,000 Firm AboutOfficesNewsroomAlumniCareers Sign In McDermott Access Related Sites Farragut Square Group Connect ContactSubscribe ALWAYS BETTER Legal Notices/ImprintPrivacy PolicyTerms of UseSitemap Attorney advertising © 2026 McDermott Will & Schulte Disclaimer Do not send any information or documents that you want to have treated as secret or confidential. 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