Regulatory Reporting Associate / Manager - Phaxis : Job Details

Prestigious investment firm is seeking a motivated individual to join their Regulatory Reporting team in the Finance and Accounting team in New York. The individual will be responsible for compliance with broker-dealer regulatory reporting requirements, with emphasis on SEC Rule 15c3-1 (net capital) and SEC Rule 15c3-3 (customer reserve computation) and 17a-5 FOCUS reporting. This position will initially report to the Controller/Assistant Controller.

Responsibilities:

• Preparing and/or reviewing aspects of the weekly and monthly customer and PAB reserve formula computations.
• Calculating elements of the daily and monthly net capital calculations.
• Maintaining documentation to support the effective operation of internal controls over compliance with the net capital and customer reserve rules.
• Preparing and/or reviewing aspects of the FOCUS report for submission to the regulators.
• Compiling monthly, quarterly and annual supplemental reports for submission to the regulators, including the Supplemental Inventory Schedule (SIS), Supplemental Liquidity Schedule (SLS), Supplemental Schedule for Derivatives and Other Off-Balance Sheet Items (Form OBS), Supplemental Statement of Income (SSOI), Form Custody filings, and annual Schedule I Filings.
• Ensure written procedures are updated and in compliance with requirements.
• Liaise with auditors and regulators during audits.
• Evaluating new business proposals from regulatory capital and reserve computation perspectives.
• Work on ad-hoc projects.

Qualifications Required:

• The candidate should have at least 5 years of experience in working on broker-dealer regulatory reporting activities with emphasis on SEC Rule 15c3-1 (net capital), SEC Rule 15c3-3 (customer reserve requirements) and 17a-5 FOCUS reporting.
• Knowledge of the other Financial Responsibility Rules, including familiarity with the possession or control requirements, is a plus.
• Client Series 27 required or ability to obtain series 27 within a reasonable amount of time after they are hired.
• Bachelor's degree in accounting, finance, related field or equivalent industry experience.
• Strong Excel skills, familiarity with Word and comfortable learning / utilizing other Firm systems.
• Excellent research skills and strong written and verbal communication skills.