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Broker-Dealer Regulatory Reporting Specialist

New York, NY 10004

Posted: 03/16/2023 Employment Type: Direct Hire Job Number: 39833 Pay Rate: 85,000

Job Description

Broker-Dealer Regulatory Reporting Specialist
The Company is seeking a BD Regulatory Reporting specialist to join its 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 Head of Regulatory Reporting. 
  • 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 4-5 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.
  • FINRA Series 27 securities license is preferred. Candidates without an existing Series 27 license would be expected to become certified 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.
Compensation: $85K-$105K DOE


Meet Your Recruiter

Howard Ross

Howard Ross serves as the Senior Vice President of Panther New York. Howard focuses on developing relationships with new and existing clients while enhancing strategies to ensure successful delivery. Additionally, he sources, manages, and places candidates in their ideal new jobs. Howard brings 30 years of Staffing experience to The Panther Group as well as energy and enthusiasm for every relationship with clients and candidates.

Fun Fact: Howard is a passionate music fan across all genres but is a lifelong Deadhead at heart.

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