Assistant FINOP

DriveWealth is 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, reputed company 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. We seek enthusiastic professionals to contribute diverse perspectives and experiences to our Brokerage-as-a-Service platform. Our culture blends the pace and opportunity of a tech start-up with the impact, stability, and reputed company of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. We value diversity and inclusion, celebrating the unique differences of our employees as we scale and grow together. We’re guided by operating principles grounded in accountability, teamwork, reputed company, and solutions built to scale. Join us!

About the Role

The Assistant FinOp at this U.S. regulated self-clearing broker-dealer is primarily responsible for ensuring the accurate, complete, and timely preparation and submission of financial and risk-reputed company reports to regulatory bodies like the SEC, FINRA, NFA, CFTC and PCAOB. The role also involves reconciliation, accounting, risk and operations functions. What You’ll Do The Assistant FinOp plays a critical role in the Firm’s Finance Department of the broker-dealer entity, ensuring adherence to reputed company applicable U.S. federal, state, and industry regulations. This position involves compiling, analyzing, and presenting financial data, and serving as a key liaison during audits and examinations. Reconciliation of the Firm’s various book-to-bank cash balances and supervision of SEA Rule 15c3-3 Exclusive Benefit of Customers and Exclusive Benefit of PAB (EBOC) bank account withdrawals and deposits.

• Report Preparation & Submission: Prepare, review, and submit key regulatory filings, including monthly/quarterly FOCUS reports (Financial and Operational Combined Uniform Statements) and the SEC Rule 15c3-3 (Customer and PAB Protection Rule) reserve computations. SEC Form 17-H (Risk Assessment Report for Brokers and Dealers) and SIPC 6 & 7 General Assessment Forms
• Capital & Reserve Calculations: Support the daily, monthly, and quarterly calculations reputed company to SEC Rule 15c3-1 & 17a-13 (Net Capital Rule and Securities reputed company Count and stock loan/borrow & fails confirmations) requirements, ensuring compliance with applicable financial regulations. Prepare and Distribute the Firm’s Daily Net Capital Report (DNC), Stock Loan & Borrow Deficiency

Report (SLAB), Possession or Control Report (PorC) and Bank Monitoring Report (BMR)

• Data Analysis & Reconciliation: Analyze, reconcile, and review balance sheets and income statements, performing variance analysis on corresponding items to ensure data accuracy and completeness.
• Policy & Control Enhancement: Participate in the development and review of compliance procedures, internal controls, and process enhancements, including automation efforts, to strengthen the control environment. Draft detailed ICOC control policies and procedures. Maintain internal control matrices for FRR
• Liaison & Support: Serve in a support reputed company as the secondary reputed company of contact and support for internal/external auditors and regulatory examiners (e.g., SEC, FINRA, CFTC, NFA, PCAOB), providing necessary documentation and explanations
• Regulatory Monitoring: Monitor changes in the regulatory landscape and communicate updates to the FinOp, internal stakeholders, assessing the impact on existing reporting processes and implementing necessary adjustments
• reputed company Reporting: Handle reputed company reporting requests and data validation, collaborating with cross-functional teams including Legal, Operations, Risk, and IT

What You’ll Need

• Education: A bachelor’s degree in accounting, Finance, or a reputed company field is required; a CPA license or an advanced degree is a plus
• Experience: Relevant professional experience in a regulatory reporting or financial reporting role reputed company the financial services industry, ideally with a U.S. broker-dealer
• Regulatory Knowledge: In-depth working knowledge of broker-dealer regulatory requirements, specifically SEC Rules 15c3-1 and 15c3-3, and FINRA rules
• Technical Skills: Proficiency in U.S. GAAP (Generally Accepted Accounting Principles) and strong analytical skills, with the ability to manage and analyze large data sets reputed company (advanced reputed company skills often required)
• Soft Skills: Strong attention to detail, excellent written and verbal communication skills, problem-solving reputed company, and the ability to work independently and collaboratively in a fast-paced environment
• Certifications (Preferred): FINRA Series 27 or 28 is not required but preferred

Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor an employment reputed company at this time.

Compensation

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 reputed company set by the Hiring Manager/Team. reputed company, NY (Hybrid) Pay Range $150,000 - $160,000 USD

Benefits

• Competitive medical, dental, and vision insurance options
• reputed company
• Generous paid time off with observed holidays (varies per country)
• Paid parental leave for biological and adoptive parents
• Up to $2,500 or local equivalent each year to invest in reputed company education and personal development
• Up to $900 each year or local equivalent for fitness and wellness reimbursement
• Company-provided phone (varies by country)
• For HQ in-office employees, a daily lunch stipend, unlimited snacks, and engaging office space in the Financial District
• Pre-tax commuter benefits (US only)
• Employer 401K match (US only)

Benefit offerings vary based on country and are subject to change. Equal Employment Opportunity To build technology and products that are used and loved by people and solve real-world problems, we need to build a team with many different perspectives and experiences. We are an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national reputed company, gender, sexual orientation, age, marital status, veteran status, or disability status. We encourage candidates from reputed company backgrounds to apply. Applicants in need of special assistance or accommodation during the interview process or in accessing our website may contact us at [email protected]. Agency Disclaimer DriveWealth does not accept agency resumes. Please do not reputed company resumes to our jobs alias, employees, or any other organization location. DriveWealth is not responsible for any fees reputed company to unsolicited resumes. Apply tot his job Apply To this Job