Regulatory Accounting Analyst

Description:

The Regulatory Accounting 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 Accounting 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.  This will include preparing the regulatory balance sheet and schedules relating to regulatory capital charges.
• Be involved in futures industry reporting. Have an active role in preparation in daily and monthly reporting for our futures business.  Be active in continually developing and improving processes to ensure the firm remains in compliance at all times.
• Participate in weekly and monthly meetings for reserve calculations and FOCUS reporting.  This position will have the opportunity to participate in meetings which include executive members of accounting and operations on a regular basis.  This will include presenting pertinent data to assist the team in making regulatory decisions.
• Assist in the accounting close.  Will 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 related items, including customer balances, stock borrow/stock loan, and fails to deliver/receive.
• Maintain reconciliations of balance sheet accounts for review in monthly close meeting.
• 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, researching issues that arise, 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.  Continually search for more efficient and innovative methods of performing responsibilities through automation while maintaining a high level of standards in reporting to regulators.

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 an exceptionally high degree of initiative/adaptability

• The ability to work independently as well as in a team environment
• The ability to work with numerous and conflicting deadlines
• The 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