Sr. Manager, Broker-Dealer Financial Operations & Controls
About The Position
The Firm Operations Team at Betterment oversees and operates Betterment’s broker-dealer entity that safeguards over $65B in assets for over one million customers. The team is responsible for firm-level dividend and corporate action processing, reconciliations, design and operation of internal controls, and regulatory and financial reporting to maintain compliance with relevant FINRA and SEC financial responsibility rules. The team works collaboratively across departments to improve and automate processes, as well as owns the relationships with various third parties including the broker-dealer’s auditors, clearing firm, and banking institutions. As Senior Manager of Broker-Dealer Financial Operations and Controls you will play a pivotal role in overseeing and managing all financial and operational aspects of our broker dealer business. You will collaborate cross-functionally to ensure compliance with industry regulations, maintain accurate financial records, and optimize operational processes to support our growth. This role is based out of our NYC office. For jobs based out of our NYC HQ, we require in office attendance Monday through Thursday, weekly.
Requirements
- Bachelor's or Master's Degree in Accounting
- CPA License Series 27 or ability to rapidly obtain
- Minimum of 5+ years of accounting experience in public accounting, preferably in audit
- Strong experience with financial reporting
- Ability to work independently and manage multiple priorities in a fast-paced environment
- Exceptional communication skills, both written and verbal
Nice To Haves
- Experience working with a FINOP at a broker-dealer or clearing firm is a plus
Responsibilities
- Complete and oversee daily reconciliations, investigating and resolving any breaks
- Monitor firm liquidity and net capital, overseeing all transactional processes including money movements and securities processing
- Enhance, implement, and execute against additional controls related to broker dealer compliance
- Work with the FINOP to prepare and file weekly, monthly, and annual reporting, such as Reserve Calculations, Net Capital Computations, and year-end financial packages
- Act as main counterpoint with auditors for our annual broker-dealer reviews
Benefits
- competitive equity package
- health, dental and vision benefits
- life and AD&D
- short-term and long-term disability insurance
- EAP
- commuter and parking benefits FSA/HSA
- 401(k) with employer match
- flexible PTO policy
- company incentive bonus
- medical, dental, and vision insurance
- life and AD&D insurance
- STD and LTD benefits, including infertility support and World Professional Association for Transgender Health approved benefits
- generous parental leave
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
501-1,000 employees
