Managing Director, Broker Dealer FINOP
The Managing Director, Broker Dealer FINOP at DriveWealth is responsible for overseeing regulatory financial reporting and compliance for the company's broker-dealer operations. This role reports to the Chief Accounting Officer and collaborates closely with teams including Controllers, Legal, Compliance, Treasury, and Financial Planning and Analysis. The position is pivotal in enhancing the Finance team's reporting infrastructure to support DriveWealth's growth strategy.
Key responsibilities include managing daily accounting and reporting tasks for self-clearing custody and proprietary trading activities. The role involves preparing and submitting accurate financial reports, such as FOCUS filings and SEC reports, ensuring compliance with established deadlines. Additionally, the Managing Director monitors net capital positions to meet regulatory requirements and develops policies and procedures to maintain the integrity of financial reporting. Collaboration with Legal and Compliance teams on regulatory examinations and communication is also essential.
The ideal candidate possesses over eight years of experience in finance and accounting within a clearing broker-dealer environment, including at least five years as a Broker Dealer FINOP. Experience with self-clearing firm financial operations, stock loan/conduit/fully paid, and proprietary trading business lines is required. Proficiency in revenue recognition across multiple asset classes, such as equities, fixed income, and mutual funds, is essential. Strong organizational skills, attention to detail, and the ability to manage multiple projects are critical. While a Series 27 license is preferred, candidates must be willing to obtain it if not already certified. A CPA designation is also preferred.
The compensation package for this role ranges from $200,000 to $235,000 annually, based on experience and qualifications. Benefits include competitive medical, dental, and vision insurance options, mental health resources, generous paid time off, paid parental leave, and annual allowances for continued education and wellness programs. Additional perks include a company-provided phone, a daily lunch stipend for in-office employees, and employer 401(k) matching.
DriveWealth fosters a culture that blends the agility of a fintech startup with the stability of Wall Street. The company values diversity and inclusion, encouraging creativity and experimentation while ensuring regulatory compliance. Employees are guided by principles of accountability, teamwork, integrity, and scalable solutions, offering ample opportunities for professional growth and development.