Managing Director, Broker Dealer FINOP

About the role

DriveWealth is on a mission to make investing easier. We believe that everyone should have the ability to control their financial future, and that access to financial markets should not be limited by geography, wealth, or legacy systems. We are a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices. Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options. There's never been a better time to build a category-defining business and there has rarely been a team better positioned for this opportunity. Our culture blends the pace and agility of a fintech start-up with the impact, stability, and discipline of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. Join us and help build the future of global investing! As Managing Director, Broker Dealer FINOP, you will be responsible for the regulatory financial reporting and compliance for the company's broker dealers. You will report into the Chief Accounting Officer and work closely with Controllers, Legal, Compliance, Treasury and FPA teams. You will focus on the Finance team's reporting infrastructure and make sure the broker dealers unit is equipped to scale and support DriveWealth's growth strategy.

Responsibilities

• Work on day-to-day accounting and reporting responsibilities of self-clearing custody and proprietary trading firm
• Prepare and submit accurate financial reports, including FOCUS filings and self clearing firm SEC reporting, in compliance with established deadlines
• Calculate and monitor net capital position to meet regulatory requirements
• Develop and maintain policies and procedures to ensure integrity of financial reporting
• Work with the Controllers to ensure timely close of the company books and reporting of financial results in accordance with US GAAP every month
• Work with Legal and Compliance teams on regulatory exams (FINRA/SEC) and communication
• Ensure that operational processes are accurately reconciled to the accounting general ledger and comply with regulatory requirements
• Work with Treasury on liquidity, funding, capital, clearing/trading deposits and other treasury-related items pertaining to legal entities as needed
• Communicate with senior management in identifying and resolving broker dealer issues
• Provide support for all tax filings and annual audits

Requirements

• 8+ years of experience at clearing broker-dealer in finance and accounting function
• 5+ years of experience as Broker Dealer FINOP
• Experience with self clearing firm financial operations and reporting, stock loan/conduit/fully paid, proprietary trading business lines
• Revenues recognition for multiple asset classes (equities, fixed Income, mutual funds)
• An understanding of financial reporting systems, procedures, and internal controls
• Strong organizational skills, attention to detail and prioritization capabilities
• Demonstrated ability to manage multiple projects and adapt to change
• Ability to effectively communicate and interact with all levels of management
• Series 27 preferred - must be willing to obtain
• CPA preferred
• Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor or take over sponsorship of an employment Visa at this time.
• Compensation package offerings are based on candidate experience and technical qualifications, as it relates to the role. These are identified and determined throughout your interviewing experience.
• Please note : this role is expected to come into our office on a cadence set by the Hiring Manager/Team.
• New York, NY (Hybrid) Pay Range
• $200,000 - $235,000 USD
• Working at DriveWealth
• Work Authorization
• Applicants must possess the legal right to work in th

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