Vice President, Auditor, Markets and Wealth Services

BNY•Jersey City, NJ

About The Position

Candidates must have deep knowledge of clearing broker‑dealer functions and the full trade lifecycle, including: Execution processes: Order routing, trade capture, and execution mechanics across various asset classes. Clearing operations: Trade comparison, affirmation, matching, and novation; understanding how clearing brokers mitigate counterparty risk and ensure post‑trade data accuracy. Settlement processes: End‑to-end settlement cycles (e.g., T+1/T+2), including DVP/FOP, settlement instructions, fails management, and corporate‑action processing. Custody services: Asset safeguarding, custody controls, segregation requirements, reconciliations, asset servicing, and books‑and‑records responsibilities. U.S. securities laws and regulatory structure (e.g., Securities Exchange Act of 1934). FINRA rules applicable to broker‑dealers, including supervision, margin, customer protection, communications, and reporting. SEC requirements such as customer asset protection (Rule 15c3‑3), net capital (Rule 15c3‑1), and recordkeeping/reporting obligations. Regulations specific to clearing activities, including clearing agreements, fully disclosed vs. omnibus arrangements, and responsibilities under FINRA Rule 4311. SIPC coverage and protections, including how clearing firms safeguard customer assets. Clearing corporations and depositories (e.g., NSCC, DTC) and their interactions with clearing firms. Trade‑reporting systems such as CAT and TRACE. Operational‑risk domains, including cybersecurity, business continuity, resiliency, and data‑integrity expectations. Ability to assess internal controls across clearing operations, custody activities, and trade‑lifecycle processes. Understanding of technology and systems architecture commonly used by clearing firms, including trade‑processing platforms and reconciliation tools. Familiarity with operational‑risk areas such as breaks, exceptions, margin calls, liquidity management, and collateral processes. Strong written and verbal communication skills, with the ability to influence senior stakeholders. Solid understanding of risk‑management and control frameworks. Self‑sufficiency, initiative, and a proactive mindset. Excellent planning, coordination, organizational, and presentation abilities. Ability to thrive in a fast‑paced environment and adapt effectively as part of a team. Proficiency in Excel and other Microsoft applications, including PowerPoint, Word, Visio, and Power BI. Strong analytical skills, including the ability to interpret and apply analytics results in an audit context, along with critical‑thinking and problem‑solving capabilities End to End general banking/finance knowledge

Requirements

Deep knowledge of clearing broker‑dealer functions and the full trade lifecycle, including: Execution processes: Order routing, trade capture, and execution mechanics across various asset classes.
Clearing operations: Trade comparison, affirmation, matching, and novation; understanding how clearing brokers mitigate counterparty risk and ensure post‑trade data accuracy.
Settlement processes: End‑to-end settlement cycles (e.g., T+1/T+2), including DVP/FOP, settlement instructions, fails management, and corporate‑action processing.
Custody services: Asset safeguarding, custody controls, segregation requirements, reconciliations, asset servicing, and books‑and-records responsibilities.
U.S. securities laws and regulatory structure (e.g., Securities Exchange Act of 1934).
FINRA rules applicable to broker‑dealers, including supervision, margin, customer protection, communications, and reporting.
SEC requirements such as customer asset protection (Rule 15c3‑3), net capital (Rule 15c3‑1), and recordkeeping/reporting obligations.
Regulations specific to clearing activities, including clearing agreements, fully disclosed vs. omnibus arrangements, and responsibilities under FINRA Rule 4311.
SIPC coverage and protections, including how clearing firms safeguard customer assets.
Clearing corporations and depositories (e.g., NSCC, DTC) and their interactions with clearing firms.
Trade‑reporting systems such as CAT and TRACE.
Operational‑risk domains, including cybersecurity, business continuity, resiliency, and data‑integrity expectations.
Ability to assess internal controls across clearing operations, custody activities, and trade‑lifecycle processes.
Understanding of technology and systems architecture commonly used by clearing firms, including trade‑processing platforms and reconciliation tools.
Familiarity with operational‑risk areas such as breaks, exceptions, margin calls, liquidity management, and collateral processes.
Strong written and verbal communication skills, with the ability to influence senior stakeholders.
Solid understanding of risk‑management and control frameworks.
Self‑sufficiency, initiative, and a proactive mindset.
Excellent planning, coordination, organizational, and presentation abilities.
Ability to thrive in a fast‑paced environment and adapt effectively as part of a team.
Proficiency in Excel and other Microsoft applications, including PowerPoint, Word, Visio, and Power BI.
Strong analytical skills, including the ability to interpret and apply analytics results in an audit context, along with critical‑thinking and problem‑solving capabilities
End to End general banking/finance knowledge