Director-Broker Dealer Regulatory Reporting

TD Bank • New York, NY

7d

About The Position

The Director of Broker-Dealer Regulatory Reporting is responsible for overseeing all U.S. regulatory financial reporting and capital compliance for the broker-dealer. This role ensures accurate, timely, and compliant filings under SEC and FINRA rules, with primary responsibility for SEC Rules 15c3-1 (Net Capital) and 15c3-3 (Customer Protection Rule). The Director serves as a key subject-matter expert and liaison with regulators, auditors, and internal stakeholders across Finance, Operations and Compliance.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field.
• 10+ years of experience in broker-dealer regulatory reporting, capital management, or financial control roles.
• Hands-on expertise with SEC Rules 15c3-1 and 15c3-3.
• Extensive experience preparing and reviewing FOCUS reports and other SEC/FINRA regulatory filings.
• Strong understanding of broker-dealer operations, settlement processes, margin, financing transactions (repo, stock borrow/loan), and customer account structures.
• Proven experience interacting with external auditors and regulators.

Nice To Haves

• Accounting or financial designation preferred
• People Management experience

Responsibilities

• Own and oversee compliance with SEC Rule 15c3-1 (Net Capital), including daily net capital computations, early warning thresholds, stress scenarios, and regulatory capital planning.
• Own and oversee compliance with SEC Rule 15c3-3, including customer reserve formula calculations, possession-or-control requirements, account classifications, and exemption analyses (e.g., paragraph 74/78, k(2)(ii)).
• Review and approve reserve computations, special reserve bank account activity, and related reconciliations.
• Assess the regulatory impact of new products, business initiatives, and operational changes.
• Lead, mentor and develop a team of Regulatory Reporting junior staff members.
• Oversee preparation, review, and submission of all required regulatory filings, including but not limited to: FOCUS Reports, Supplemental Liquidity Schedules (SLS), FR 2004 Audited financials supplemental regulatory information and footnotes SIPC filings FINRA and SEC ad-hoc requests
• Ensure consistency between regulatory filings, US GAAP financial statements, and internal management reporting.
• Manage regulatory reporting calendars, controls, and documentation to ensure timeliness and accuracy.
• Serve as primary point of contact for external auditors on regulatory capital, customer protection, and related audit matters.
• Lead responses to regulatory examinations, inquiries, and deficiency letters from SEC, FINRA, and other regulators.
• Draft formal regulatory correspondence, interpretive memos, and responses to audit findings, including remediation plans where required.
• Design, implement, and maintain a robust control framework over regulatory reporting, including documentation of key controls, review procedures, and evidence standards.
• Partner with Compliance and Operations to support internal control assessments, issue management, and remediation of findings.
• Lead or support look-back analyses, root-cause assessments, and process improvements related to regulatory reporting.

Benefits

• Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals.
• Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager