Regulatory Reporting Analyst

Overview

Apex Fintech Solutions (AFS) powers innovation and the future of digital wealth management by processing millions of transactions daily, to simplify, automate, and facilitate access to financial markets for all. Our robust suite of fintech solutions enables us to support clients such as Stash, Betterment, SoFi, and Webull, and more than 20 million of our clients' customers.

Collectively, AFS creates an environment in which companies with the biggest ideas in fintech are empowered to change the world. As a global organization, we have offices in Austin, Dallas, Chicago, New York, Portland, Belfast, and Manila. If you are seeking a fast-paced and entrepreneurial environment where you'll have the opportunity to make an immediate impact, and you have the guts to change everything, this is the place for you. AFS has received a number of prestigious industry awards, including:

• 2021, 2020, 2019, and 2018 Best Wealth Management Company - presented by Fintech Breakthrough Awards
• 2021 Most Innovative Companies - presented by Fast Company
• 2021 Best API & Best Trading Technology - presented by Global Fintech Awards

About This Role

Description: The Regulatory Reporting Analyst on the Apex Finance team is responsible for handling regulatory reporting functions of the firm. This role interacts with several APEX teams, including Billing, Accounting, Treasury, Client Service, Operations, Compliance, and Technology.

The Regulatory Reporting Analyst must be a critical thinker, analytical, energetic, and possess strong attention to detail. Specifically, this individual is expected to focus on complex daily tasks, independently solve problems on behalf of themselves and other team members, help recommend and implement ideas that improve the overall group performance and become familiar with security rules relevant to regulatory reporting. The ideal candidate will have experience in broker-dealer accounting and broker-dealer operations.

What you’ll do all day

• Protect customers. Assist the team in ensuring the firm is in compliance with Rule 15c3-3 (customer protection rule) in a constantly changing environment, which includes continually learning and applying the rules.
• Report accurately to the SEC. Take a vital role in the preparation of the firm’s FOCUS report according to Rule 15c3-1, including preparing the regulatory balance sheet and schedules relating to regulatory capital charges.
• Be involved in futures industry reporting. Prepare daily and monthly reporting for our futures business and continually develop and improve processes to ensure the firm remains in compliance.
• Participate in weekly and monthly meetings for reserve calculations and FOCUS reporting. Present pertinent data to assist the team in making regulatory decisions.
• Assist in the accounting close. Create schedules and entries for the accounting close for regulatory reporting related accounts.

Duties and responsibilities

• Assist with the monthly accounting close, particularly as it relates to FOCUS items, including customer balances, stock borrow/stock loan, and fails to deliver/receive.
• Maintain reconciliations of balance sheet accounts for review in monthly close meetings.
• Prepare and file adhoc quarterly filings as needed with FINRA, the Federal Reserve Board and The Bureau of Economic Analysis.
• Take an active role in the calculation of the 15c3-3 weekly reserve computation, including completing schedules and reconciling reserve bank accounts.
• Prepare the 15c3-1 monthly capital charges, including haircuts, margin calls, and fails to deliver/receive, to arrive at net capital.
• Calculate the firm’s estimated net capital on a daily basis.
• Calculate daily segregation requirements of the futures business according to Title 17 of the CFTC.
• Drive process improvement by seeking more efficient and innovative methods of performing responsibilities through automation while maintaining high standards in regulatory reporting.

The skills you’ll need to succeed Required

• Bachelor’s degree in accounting, finance, or related field
• 2+ years of general accounting experience
• Excellent attention to detail and initiative/adaptability
• Ability to work independently as well as in a team environment
• Ability to work with numerous and conflicting deadlines
• Ability to exercise independent judgment
• Excellent communication (verbal and written) skills and the ability to communicate constructively within the department and the firm
• Proficient in Excel, PowerPoint, and Word

Preferred

• Familiarity with futures industry regulatory reporting
• Working knowledge of SEC rule 15c3-1 and SEC rule 15c3-3
• Experience using NetSuite accounting system
• Intermediate to Advanced Excel abilities
• Series 27, 7 or 99 is a plus

Work environment

• This job operates in a hybrid environment - A minimum of 2x a week reporting to the BGC Office (4th Ave).
• Manila Dayshift schedule

Special requirements

This position will sometimes require overtime.

Our Rewards

• We offer a robust package of employee perks and benefits, including a market-leading salary with an annual bonus, 20 days of vacation leave plus regular and special non-working holidays, and a training and development budget. Our benefits also cover private health insurance for medical and dental, as well as life insurance. We emphasize work-life balance with flexible working hours, parental leave, a modern city center office, and a hybrid work schedule that allows for greater flexibility by partially working from home. Additional perks include monthly team lunch-outs, unlimited drinks and snacks, and company recognition & rewards.

EEO Statement

Apex Fintech Solutions is an equal opportunity employer that does not discriminate on the basis of race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, veteran status, marital status, or any other protected characteristic. Our hiring practices ensure that all qualified applicants receive fair consideration without regard to these characteristics.

Disability Statement

Apex Fintech Solutions is committed to creating an inclusive and accessible workplace for all candidates, including those with disabilities. We are dedicated to ensuring equal employment opportunities and providing reasonable accommodations to qualified individuals with disabilities. If you require reasonable accommodations to participate in the application or interview process, please submit your request via the Candidate Accommodation Requests Form. We will work with you to provide the necessary accommodations to ensure your full participation in our hiring process.

Seniority level

• Not Applicable

Employment type

• Full-time

Job function

• Research, Analyst, and IT

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