Managing Director, Broker Dealer FINOP

DriveWealth•New York, NY

3d•$200,000 - $235,000•Hybrid

About The Position

As Managing Director, Broker Dealer FINOP, you will be responsible for the regulatory financial reporting and compliance for the company’s broker dealers. You will report into the Chief Accounting Officer and work closely with Controllers, Legal, Compliance, Treasury and FPA teams. You will focus on the Finance team’s reporting infrastructure and make sure the broker dealers unit is equipped to scale and support DriveWealth’s growth strategy.

Requirements

8+ years of experience at clearing broker-dealer in finance and accounting function
5+ years of experience as Broker Dealer FINOP
Experience with self clearing firm financial operations and reporting, stock loan/conduit/fully paid, proprietary trading business lines
Revenues recognition for multiple asset classes (equities, fixed Income, mutual funds)
An understanding of financial reporting systems, procedures, and internal controls
Strong organizational skills, attention to detail and prioritization capabilities
Demonstrated ability to manage multiple projects and adapt to change
Ability to effectively communicate and interact with all levels of management
Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor or take over sponsorship of an employment Visa at this time.

Nice To Haves

Series 27 preferred - must be willing to obtain
CPA preferred

Responsibilities

Work on day-to-day accounting and reporting responsibilities of self-clearing custody and proprietary trading firm
Prepare and submit accurate financial reports, including FOCUS filings and self clearing firm SEC reporting, in compliance with established deadlines
Calculate and monitor net capital position to meet regulatory requirements
Develop and maintain policies and procedures to ensure integrity of financial reporting
Work with the Controllers to ensure timely close of the company books and reporting of financial results in accordance with US GAAP every month
Work with Legal and Compliance teams on regulatory exams (FINRA/SEC) and communication
Ensure that operational processes are accurately reconciled to the accounting general ledger and comply with regulatory requirements
Work with Treasury on liquidity, funding, capital, clearing/trading deposits and other treasury-related items pertaining to legal entities as needed
Communicate with senior management in identifying and resolving broker dealer issues
Provide support for all tax filings and annual audits