Validation of the Supervisory Analyst Exam (Series 16) by the New York Stock Exchange

The Supervisory Analyst (Series 16) Examination is a criterion-referenced licensure/certification examination used to qualify persons for supervisory positions in financial data analysis for New York Stock Exchange member firms. A job analysis was conducted to update the examination to ensure its content validity. The analysis revealed 4 major tasks performed by the supervisory analyst. KSAs were determined for each of the tasks. The KSAs were distributed between two parts: 1) Securities Analysis, and 2) Regulatory Administration. Multiple-choice items were written for each part, and the distribution of items was designed to reflect the relative weights of the KSAs as determined by the job analysis.