VP Broker Dealer Regulatory Reporting

TD•New York, NY

1d•Onsite

About The Position

We are seeking a highly experienced and detail-oriented VP candidate to support our Broker-Dealer Regulatory Reporting team. This role is responsible for the preparation, review, and oversight of all SEC financial responsibility rule reporting, including net capital computations under Rule 15c3-1 and the customer protection reserve formula under Rule 15c3-3. The VP will serve as a subject matter expert across regulatory reporting disciplines and will partner closely with business partners to ensure full compliance with applicable SEC and FINRA requirements, requires both technical mastery of the rules and strong operational judgment.

Requirements

Bachelor's degree in accounting, Finance, or a related field.
7–12+ years of experience in broker‑dealer regulatory reporting, financial control, or regulatory capital functions.
Deep, hands-on expertise with SEC Rule 15c3-1 (Net Capital) and Rule 15c3-3 (Customer Protection), including computation mechanics, exemptions, and compliance obligations.
Demonstrated experience preparing and reviewing FOCUS Reports and other FINRA/SEC financial filings.
Strong understanding of broker-dealer operations, including securities clearance and settlement, margin, prime brokerage, and securities lending.
Excellent analytical, organizational, and communication skills with ability to present complex regulatory matters to senior stakeholders.

Nice To Haves

Proficiency with BPS (Broadridge Processing System) for regulatory data processing and net capital reporting.
Experience with Axiom SL regulatory reporting platform, including configuration, data mapping, and report generation.
Series 27 (Financial and Operations Principal) license, or willingness to obtain.
Experience supporting prime brokerage, clearing businesses and/or arranged financing activities.
Prior VP‑level responsibility or demonstrated readiness to operate independently in a senior individual‑contributor role.

Responsibilities

Oversee the daily and monthly net capital computations under SEC Rule 15c3-1, ensuring accurate haircut calculations, deductions, and allowable asset classification.
Direct the preparation and review of the weekly customer reserve formula computation and PAB reserve formula under Rule 15c3-3.
Manage the timely funding of the Special Reserve Bank Account and ensure all deposits/withdrawals are executed in accordance with Rule 15c3-3 requirements.
Monitor and analyze changes in net capital levels, reserve requirements, and related metrics; escalate issues to senior management as appropriate.
Leverage regulatory reporting platforms—including BPS (Broadridge Processing System) and Axiom SL—to streamline data aggregation, computation, and reporting workflows.
Partner with Technology teams to enhance system controls, automate manual processes, and improve data integrity across the regulatory reporting infrastructure.
Evaluate and implement improvements to reporting systems, internal tools, and reconciliation processes.
Serve as a subject‑matter expert during business change initiatives (e.g., client migrations, product launches, booking‑model changes, system conversions, or legal‑entity reorganizations).
Assess regulatory capital and reserve impacts of new activities, financing structures, or balance‑sheet movements and provide clear guidance to stakeholders.
Design and maintain strong control frameworks around regulatory capital and reserve processes, including key reconciliations, tolerance thresholds, and documented review evidence.