Regulatory Controllers – Regulatory Reporting Analyst

Location: midtown NY

Duration: 6-months+ rolling

Rate: Pay rate W2 $625 / C2C $700 (some flexibility)

Responsibilities:

The primary purpose of the Regulatory Reporting Consultant role will be to assist with routine reporting needs and support the broader Regulatory Controllers team across various reporting functions.  This includes, but is not limited to, assisting with the daily/weekly/monthly reporting cycle for the U.S. Regulated entities as well as catering to internal ad hoc requests.

This role ensures compliance across net capital, customer protection, and financial reporting, while collaborating with various stakeholders. You’ll drive strategic change, develop key relationships, and provide insights to senior management and external stakeholders.

Key accountabilities are as follows:

Regulatory Production Reporting:

• Assist with the regulatory calculations for 15c3-3, involving the application of key SEC/DSRO rules and ensuring consistency/compliance with prevailing internal regulatory policies on daily/weekly/monthly basis.
• Assist with the daily Possession or Control oversight and reporting functions, including root cause analysis, deficit aging, and filing extension requests under SEA Rule 15c3-3 with FINRA, as required.
• Assist with the regulatory calculations for 15c3-1 Broker Dealer Net Capital calculations involving the application of key SEC/DSRO rules and ensuring consistency/compliance to prevailing internal regulatory policies on daily/weekly/monthly basis.
• Assist with elements of the monthly FOCUS report and other supplemental schedules along with related analytics of the balance sheet and financial reports.
• Assist with ad hoc regulatory reporting requirements, requests, documentation exercises and regulatory process improvement initiatives.

Regulatory Controls and Risk:

• Strong advocacy for control compliance under SEA Rule 17a-5.
• Identify, develop, and transform areas for improvement of regulatory reporting processes and controls.
• Sustain and evolve the key finance/regulatory control framework to ensure coverage for policies and procedures while recommending enhancements if needed to comply with SEA 17a-5 Internal Control Over Compliance.
• Development of controls and safety checks to risk manage the reporting process for 15c3-3.
• Independently challenge results and drivers for key calculations/inputs and vet them with responsible areas.

Required Background & Skills:

·         5+ years of experience in the Broker Dealer Industry, preferably experience working with 15c3-1, 15c3-3 Customer Reserve, 15c-3 Possession or Control and Federal Reserve Reporting.

·         Functional knowledge of SEA Rule 15c3-1, 15c3-3, 18a-1, and 17a5.

·         Proficiency and advance knowledge of the accounting, product, regulatory and operations aspects of a Broker Dealer.

·         Strong technical skills (Microsoft Suite and other advanced applications such as Alteryx, Tableau, etc.) preferred.

·         Effective project change management and communication skills.

·         Strong attention to details and analytical aptitude.

·         Ability to build relationships across a team while fostering a strong control environment and raise regulatory awareness.