Financial Operations Principal

Key Roles and Responsibilities

Financial Oversight and Reporting

• Supervise, review, and file FOCUS reports (Form X-17A-5) with FINRA and the SEC, typically monthly or quarterly.
• Monitor net capital levels to ensure the firm maintains the required minimum net capital at all times.
• Ensure timely filing of financial statements and supplemental reports, including annual audited financials.
• Oversee financial books and records, including general ledger, trial balance, and subsidiary ledgers.

Regulatory Compliance

• Interpret and apply SEC and FINRA rules, particularly SEC Rule 15c3-1 (Net Capital Rule) and 15c3-3 (Customer Protection).
• Ensure compliance with Rule 17a-3 and 17a-4 (recordkeeping requirements).
• Respond to regulatory inquiries and exams by FINRA, SEC, or other regulatory bodies.

Internal Controls and Risk Management

• Design and maintain adequate internal controls to safeguard customer and firm assets.
• Supervise systems to prevent and detect errors or fraud in financial reporting.
• Supervise financial operations reconciliations of firm and customer related bank accounts and back office ledger.
• Partner with Operations and Finance to supervise day-to-day accounting.
• Supervision and/or preparations of source entries and original books and records for Broker-Dealer and ensure all periodic regulatory reporting requirements are met.

Operational Supervision

• Oversee clearing and settlement processes, especially for self-clearing or carrying firms.
• Monitor cash and securities movements to ensure compliance with custody rules.
• Supervise margin calculations and related risk exposure.

Audits and Liaison Work

• Coordinate the annual independent audit of the firm’s financials.
• Act as liaison to auditors, regulators, and clearing firms on financial and operational issues.

Strategic and Managerial Input

• Advise management on capital adequacy, financing strategies, and the financial impact of new business initiatives.

Requirements

• Bachelor’s degree in Accounting or Finance (CPA preferred).
• Active FINRA Series 27 license.
• 7+ years relevant experience (in self-clearing financial services preferred).
• Excellent data analysis and reporting skills.
• Strong attention to detail, accuracy, and reliability.
• Ability to thrive in a fast-paced environment and dedicated home office with minimal daily direction.
• Ability to adapt to a changing business and regulatory environment.
• Team oriented with desire to help and support other team members.
• Enjoys challenges and taking ownership of new responsibilities.

Benefits

• Competitive Salary & Stock Options
• Health Benefits
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card