SECURITIES SPECIAL INVESTIGATOR I4196A1 Pay Grade: 28 DEFINITION OF WORK Summary This is securities investigation work. Work involves responsibility for investigating business entities or individuals and conducting field audits to ascertain facts and to gather evidence pertaining to allegations of illegal financial dealings or material non-compliance with federal and state securities laws, rules, and regulations. Work also involves serving warrants, making arrests and testifying in court. Standard Classification Factors Supervision Received - LEVEL C: "Under direction..." Employees at this level usually receive a general outline of the work to be performed and are generally free to develop their own sequences and methods within the scope of established policies. New, unusual, or complex work situations are almost always referred to a superior for advice. Work is periodically checked for progress and conformance to established policies and requirements. Difficulty - LEVEL C: Considerable... Duties which require a high degree of concentration because of the many factors which must be considered and weighed before a decision can be reached. Usually positions that require planning, developing, and coordinating programs and directing fairly large groups of people fall into this category. Complexity - LEVEL D: Work is of a diversified nature that usually involves multiple, unrelated steps. Analytical thought is necessary for dealing with complex data and situations. Work often involves a variety of unrelated processes and may require planning or carrying out a sequence of actions or both. Several alternatives usually exist at this level for approaching problems or situations. Workers at this level exercise a considerable amount of independent judgment. Work is controlled by occasional review and by reporting to or consultation with supervisors or superiors. When guidelines exist at this level, they are usually broadly defined or technical requiring careful analysis and interpretation. Consequences of Actions and Decisions - LEVEL D: Consequences of actions or decisions at this level are significant as the work may be rarely if ever reviewed, making errors difficult to detect. Errors may cause major program failure or a high degree of confusion. Injuries to others due to errors are serious or incapacitating or both and costs due to errors are substantial. Contacts - LEVEL C: The purpose of the contact is to influence, motivate, conduct interviews, make formal presentations or counsel to achieve common understanding or solutions to problems when the information is sensitive in nature or the individuals or groups are skeptical or uncooperative. Communication techniques and well developed communication skills become an important requirement at this level. Physical Demands - LEVEL A: The work is predominantly sedentary and requires minimal or negligible physical exertion. The employee is normally seated; however, the nature of the work allows for periods of standing or walking at will. Environmental Conditions - LEVEL C: The work environment involves hazards, risks or discomforts typical of working with or around machinery with exposed moving parts, irritant chemicals, heavy equipment or abusive or hostile clientele and patients. Exposure to disagreeable weather conditions and extreme levels of temperature, ventilation, lighting and sound are normal. Protective clothing or gear and specific safety standards or procedures may be required. Serious injury is possible. Supervision/Leadership - LEVEL A: No supervisory or leadership responsibility; may explain work instructions or assist in training others. Distinguishing Features Differs from Securities Special Investigator II which is advanced securities investigation work and lead work in the investigation of securities compliance. EXAMPLES OF WORK PERFORMED Conducts investigations and audits of complaints of alleged illegal conduct or material non-compliance with the Federal Securities Act, Kansas Securities Act, Kansas Loan Brokers Act or Kansas Land Sales Practices Act. Examines securities broker-dealers to audit compliance in the areas of sales practices, supervision, financial and operations procedures, due diligence practices, and books and records. Analyzes a variety of records to determine operational and financial condition of an entity, including business plans, use of investment capital proceeds, and disclosure of material information. Identifies, contacts and interviews victims, witnesses and principles; takes statements from witnesses, complainants, and affected persons or their representatives in order to gather and evaluate evidence relevant to the allegation or claim. Prepares reports of investigation findings; and prepares case for presentation to a superior, or at hearings or in court. Prepares audit workpapers and other summaries for presentation at case reviews, administrative hearings, or in court proceedings. Prepares and serves orders of subpoenas, affidavits, and warrants. REQUIRED KNOWLEDGE, ABILITIES AND SKILLS Knowledge Knowledge of principles and practices of accounting. Knowledge of principles and techniques of financial investigations. Knowledge of federal and Kansas criminal law and procedures, securities laws and regulations, land sale and loan broker laws. Knowledge of criminal investigation techniques and procedures. Knowledge of financial markets and investment products. Knowledge of business practices and records maintained by registered securities broker-dealers and investment advisers. Knowledge of ethical standards for registered securities broker-dealers and investment advisers. Abilities *Ability to establish and maintain effective relationships with public officials, private industry officials, and the public. Ability to direct and evaluate complex financial investigations for criminal, civil, or administrative prosecution. Ability to detect and explain unusual situations or departures from securities industry trade practices. *Ability to interview or interrogate others to elicit pertinent information. *Ability to evaluate the relative importance of all information received. *Ability to organize and clearly express information in concise written form. Ability to operate firearms. *Ability to remain calm under stressful conditions. Ability to apply the force necessary to effect an arrest. Ability to resolve financial investigations and auditing problems and to recommend changes in investigative procedures. *Necessary at Entry MINIMUM REQUIREMENTS: Bachelor’s degree in criminal justice, accounting, business administration, or in a closely related field of study and three years of experience in professional accounting or law enforcement investigations. Additional experience in the areas listed above may be substituted for the required education as determined relevant by the agency. Necessary Special Requirements: NC: 06/94 |