Work Location :
New York, New York, United States of America
Hours:
40
Line of Business:
Finance
Pay Detail:
$103,000 - $195,000 USD
TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.
As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.
Job Description:
Position Title: Vice President, US Finance, Broker Dealer Regulatory Reporting
Hiring Contact: Christine Jenkins, Directory Finance
Business Unit: TD Securities
Division/Region: TD Securities USA (New York)
Report Location: New York Office
TD Securities is looking for a highly skilled and technology savvy Vice President level to join its Broker Dealer Accounting within US Finance in New York City. This role reports directly to the Director who runs the US Broker Dealer Regulatory Team.
The successful candidate will be responsible for the preparation and review of the Customer Protection Rule (SEC 15c3-3). The candidate will review the weekly computation. Work with stakeholders for the various components of the calculations (Operations, Legal Entity Control, Treasury. The candidate would additionally be responsible for other various FOCUS reports and supplemental schedules. Lastly, the candidate would be a key contributor enhancing and controlling the governance framework.
Supervise the Finance Regulatory production team responsible for the requisite regulatory reporting and calculations requirements (Customer Protection FOCUS, & Net Capital) for the US regulated entities (institutional, swap and limited purpose dealers);
Assist in the Weekly Customer Protevtion 3-3 Calculation, while working to build to a daily process;
Assist in the monthly filing of the FOCUS and respective supplementals; SSOI, SLS, OBS, Form Custody, SIPIC, FR2004;
Actively engage in data initiative with respective counterparts
Identity opportunities to enhance the production process through efficiencies, strengthen the reporting control framework through automation and contriute towards evolving the collaboration model across functional areas within and outside of Finance;
Optimize the regulatory reporting results into useful analytics for internal management purposes of capital usage and customer protection lock up;
Manage and coordinate the flow of regulatory exams and audits involving the regulated entities;
Project manage in translating the tactical regulatory reporting processes into the desired strategic automated state.
Qualifications :
Bachelors Degree in Finance/Accounting
Advance working knowledge and experience in the financial and regulatory aspects of broker dealers, specifially in 15c3-1, along with the business, product, operational and institutional knowledge;
8+ years post-undergraduate experience
Organized, detail oriented and self motivated individual with strong analytical skills
Extremely proficient in Microsoft Excel and various automation tools and resources (Power BI, Alteryx, Power query, pivot tables, advanced formulas) a plus
Ability to work within deadlines while still providing a high-quality work product
Excellent verbal and written communication skills
Ability to work independently and as part of a team.
The Regulatory Reporting Team is an integral part of the overall Finance - Accounting Function within TD Securities and its subsididares which supports the reporting responsibilites for the different US regulated entities as well as providing key metrics internally for management of business , risk and control purposes. The team is responsible for the regulatory policy development and the related reporting production risk controls/processes as it relates to overall FOCUS reporting, net capital and customer protection as well as maintaining key relationships with both internal and regulatory stakeholders (SEC/FINRA/NFA/External Audit).
Overall purpose:
The primary purpose of this vice president role is to provide supervision and management support over the coverage over the key pillars of regulatory reporting, namely SEC 15c3-1 (Net Capital), as well as assist with FOCUS and SEC 15c3-3 (Customer Protection) related needs for management reporting along with the buildout of processes within the TD Securities integration. The role will entail primary engagements with key areas within TD Securities as its relates to the the US regulated entities which includes the institutional broker and swap dealers as well as key external stakeholders such as regulators and external auditors. Additionally, the role will provide an opportunity in developing the key process and control risk management methodologies/best practices to ehance and ensure consistency across the regulated entities, especially allignment through integration. The role will also maintain the key lead in the team's suite of project initiatives while managing the transition its strategic automated state.
Key Accountabilities:
Supervise the Finance Regulatory production team responsible for the requisite regulatory reporting and calculations requirements (Customer Protection FOCUS, & Net Capital) for the US regulated entities (institutional, swap and limited purpose dealers);
Assist in the Weekly Customer Protevtion 3-3 Calculation, while working to build to a daily process;
Assist in the monthly filing of the FOCUS and respective supplementals; SSOI, SLS, OBS, Form Custody, SIPIC, FR2004;
Actively engage in integration initiative with respective counterparts
Identity opportunities to enhance the production process through efficiencies, strengthen the reporting control framework through automation and contriute towards evolving the collaboration model across functional areas within and outside of Finance;
Optimize the regulatory reporting results into useful analytics for internal management purposes of capital usage and customer protection lock up;
Manage and coordinate the flow of regulatory exams and audits involving the regulated entities;
Project manage in translating the tactical regulatory reporting processes into the desired strategic automated state:
The VP Finance TDS leads development and achievement of financial objectives. Reports on financial results, providing interpretation through in-depth understanding of the business. Provides forecasts and financial plans to drive business results, strategy and decisions.
Depth & Scope:
Gathers and reports on financial results vs. plans on an ongoing basis, providing evaluation and interpretation through an in-depth understanding of the business
Leads development and achievement of financial objectives
Develops and maintains strong business relationships
Provides leadership, coaching, counseling and guidance to staff
Develops, assigns and monitors plans to ensure completion of goals and objectives
Resolves issues and problems by conferring with staff, other internal departments, outside contacts and others as necessary
Education & Experience:
Bachelor degree in Business/Accounting/Financial Management (accounting designation is preferred but not required)
5-7 Years of related experience
Physical Requirements:
Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
Domestic Travel - Occasional
International Travel - Never
Performing sedentary work - Continuous
Performing multiple tasks - Continuous
Operating standard office equipment - Continuous
Responding quickly to sounds - Occasional
Sitting - Continuous
Standing - Occasional
Walking - Occasional
Moving safely in confined spaces - Occasional
Lifting/Carrying (under 25 lbs.) - Occasional
Lifting/Carrying (over 25 lbs.) - Never
Squatting - Occasional
Bending - Occasional
Kneeling - Never
Crawling - Never
Climbing - Never
Reaching overhead - Never
Reaching forward - Occasional
Pushing - Never
Pulling - Never
Twisting - Never
Concentrating for long periods of time - Continuous
Applying common sense to deal with problems involving standardized situations - Continuous
Reading, writing and comprehending instructions - Continuous
Adding, subtracting, multiplying and dividing - Continuous
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.
Who We Are
TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.
Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more (http://hrportal.ehr.com/tdtotalrewards)
Additional Information:
We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development
If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.
Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.
Interview Process
We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.
Accommodation
If you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.
