Job Posting: Assistant Chief Counsel

Department of Financial Protection and Innovation

Assistant Chief Counsel

$13,670.00 - $15,990.00 per Month

Final Filing Date: 4/3/2023

Job Description and Duties

DFPI is seeking a talented and motivated attorney to lead the state’s efforts to modernize and advance the administration of the state’s securities law. DFPI is recruiting for a permanent, full-time Assistant Chief Counsel to lead its newly designated Securities Regulation Office in its Legal Division. The ideal candidate should possess an interest in emerging securities, a desire to lead a team, the creativity to imagine improved processes, and the vision and courage to implement change. Remote work is an option.

The DFPI is the state’s securities administrator and financial services regulator. The DFPI is California state agency that protects California consumers, small businesses, and investors, and administers multiple state licensing laws relating to financial services. The Securities Regulation Office of the DFPI protects investors while providing businesses access to capital. The office qualifies securities offerings, conducts regulatory examinations of securities permit holders, receives exemption notice filings, investigates investor complaints and allegations of wrongdoing, and conducts securities fairness hearings. The Office further advises management and the administration on policy issues related to on existing matters and emerging matters, including emerging securities such as crypto-related assets. The Office coordinates with other regulatory bodies and collaborates with stakeholders.

Under the general direction of the Deputy Commissioner of the Legal Division, the Assistant Chief Counsel leads the state’s efforts to modernize and advance the administration of the state’s securities laws, including recommending policy on emerging securities. The Assistant Chief Counsel guides the state in helping making California’s securities marketplaces available to historically underserved people, and making capital markets available to historically underserved businesses. The Assistant Chief Counsel develops a dynamic culture in the office while supervising, planning, organizing, directing, coordinating, and reviewing the work of attorneys and examiners in the Office. The Assistant Chief Counsel serves as a key consultant on state and federal securities matters, initiating, leading, and participating in high level task forces and working closely with other regulatory agencies.

This recruitment may be used to fillsubsequent vacancies ofthese positions within the next 180 days.

You will find additional information about the job in the Duty Statement.

Working Conditions

Sacramento Location: The Sacramento office is located in north Natomas. The Natomas office offers FREE PARKING, is easily accessible from INTERSTATES 5 and 80, and is also close to various dining and shopping choices in the Natomas area.

San Francisco Location: The San Francisco office is located in the heart of the financial district within walking distance to BART and restaurants.

Los Angeles Location: The Los Angeles office is located in the heart of the downtown financial district within walking distance to restaurants, transit, multiple parking options.

San Diego Location: The San Diego office is located in the heart of Mission Valley, within walking distance to many shops and restaurants.

Minimum Requirements

You will find the Minimum Requirements in the Class Specification.

Position Details

Job Code #:
Position #(s):
Working Title:
Assistant Chief Counsel
$13,670.00 - $15,990.00
# of Positions:
Work Location:
United States
Job Type:
Permanent, Full Time

Department Information

The Department of Financial Protection and Innovation (DFPI) protects consumers and oversees financial service providers and products. The DFPI supervises the operations of state-licensed financial institutions, including banks, credit unions and money transmitters. Additionally, the DFPI licenses and regulates a variety of financial service providers, including securities brokers and dealers, investment advisers, payday lenders and other consumer finance lenders. The DFPI offers benefit packages, competitive salary, a robust training program and opportunities for advancement.
Department Website:

Special Requirements

In order to be considered for this position, applicants must submit answers to the following Supplemental Questions. Your response to the Supplemental Questions should total no more than two pages in length.

1) Describe your experience with securities laws, management, and stakeholders.

2) Describe your vision for being an effective leader and support your vision with an example of your past leadership.

3) Describe how your experience compliments the goals of protecting investors, providing businesses with access to capital, and providing marginalized groups with access to investing and raising capital.

4) Describe your familiarity with crypto assets and markets.

Application packages received without a Supplemental Questions may not be considered. Resumes, cover letters, and Supplemental Applications do not take the place of the Supplemental Questions.


This position is subject to Title 10, § 250.30 of the California Code of Regulations, the Department of Financial Protection and Innovation’s Conflict of Interest Regulations, the incumbent is required to submit a Statements of Economic Interests (Form 700) within 30 days of assuming office, annually by April 1st and within 30 days of leaving office.

Additional Filing Instructions:

• You are encouraged to apply electronically through your CalCareers account.
• If applying with a hard copy application, please reference “JC-359831/RPA#22- OLL0015” in the Job Title section of your State application in order to be considered for this vacancy.
• Hard copy applications not received or postmarked by 5:00 pm on the final filing date will not be accepted.
• Emailed and faxed applications will not be accepted.

Application Instructions

Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.

Final Filing Date: 4/3/2023

Who May Apply

Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list eligibility, are in the process of obtaining list eligibility, or have SROA and/or Surplus eligibility (please attach your letter, if available). SROA and Surplus candidates are given priority; therefore, individuals with other eligibility may be considered in the event no SROA or Surplus candidates apply. Individuals who are eligible for a Training and Development assignment may also be considered for this position(s).

Applications will be screened and only the most qualified applicants will be selected to move forward in the selection process.
Applicants must meet the Minimum Qualifications stated in the Classification Specification(s).

How To Apply

Complete Application Packages (including your Examination/Employment Application (STD 678) and applicable or required documents) must be submitted to apply for this Job Posting. Application Packages may be submitted electronically through your CalCareer Account at When submitting your application in hard copy, a completed copy of the Application Package listing must be included. If you choose to not apply electronically, a hard copy application package may be submitted through an alternative method listed below:

Address for Mailing Application Packages

You may submit your application and any applicable or required documents to:

Department of Financial Protection and Innovation
Attn: Julia Betancourt
Human Resources Office
2101 Arena Blvd.
Sacramento, CA 95834

Address for Drop-Off Application Packages

You may drop off your application and any applicable or required documents at:

Department of Financial Protection and Innovation
Julia Betancourt
Human Resources Office
2101 Arena Blvd.
Sacramento, CA 95834
08:00 AM - 05:00 PM

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

  • Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
  • Resume is required and must be included.
  • Other - Applicants must submit answers to the following Supplemental Questions. Please see Special Requirements tab for futher information.
Applicants requiring reasonable accommodations for the hiring interview process must request the necessary accommodations if scheduled for a hiring interview. The request should be made at the time of contact to schedule the interview. Questions regarding reasonable accommodations may be directed to the EEO contact listed on this job posting.

Desirable Qualifications

In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:
  • Knowledge of state and federal securities laws and principles.
  • Knowledge of laws regarding securities professionals.
  • Knowledge of emerging securities and emerging markets.
  • Experience advising senior management.
  • Experience in relationship building and collaboration with stakeholders including coordinating with state and federal regulators.
  • Demonstrated ability to creatively problem-solve from planning through execution.
  • Demonstrated commitment to successful leadership principles including transparency, accountability, accessibility, and reliability.
  • Commitment to balance the state’s interest in protecting investors while providing access to capital, through the fair, consistent and reasonable administration of the state’s securities laws.
  • Commitment to preventing fraud and holding bad actors accountable.
  • Demonstrated Interest in bringing investing and capital raising opportunities to marginalized communities.
  • Strong oral and written communication skills, demonstrated by speaking appearances and published writings. Commitment to leading, motivating, and developing a team, including developing an agile and dynamic work culture and promoting high performance.
  • Demonstrated ability to analyze the law, exercise sound judgment, understand the impact of actions, and provide internal and external guidance. Demonstrated interest in advancing public policy.
  • Commitment to DFPI’s vision as a national leader with a mission to protect consumers and foster trust, innovation, and fairness in the financial marketplace.
  • Evidence of superior academic or professional accomplishments.


State employees may be eligible for health, dental, vision and leave benefits, as well as retirement programs and other benefits. Benefit eligibility may depend on length of service and may be subject to collective bargaining agreements, which are contracts negotiated between the State of California and employee organizations that define employees’ wages, hours and conditions of employment. Other possible benefits include:

• Alternate Work Schedules
• Telework
• Reimbursement Accounts

Benefit information can be found on the CalHR website and the CalPERS website.

Contact Information

The Human Resources Contact is available to answer questions regarding the position or application process.

Department Website:
Human Resources Contact:
Julia Betancourt
(916) 477-9095

Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled. You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s) to the Department's EEO Office.

EEO Contact:
EEO Coordinator
(916) 576-4938
California Relay Service: 1-800-735-2929 (TTY), 1-800-735-2922 (Voice) TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.

Equal Opportunity Employer

The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.

It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.

Application Methods:
Electronic (Using your CalCareer Account)
By Mail