Regulatory Reporting Manager

The Regulatory Reporting Manager (Broker Dealer) is responsible for overseeing the preparation, review, and submission of all regulatory filings for registered broker dealer legal entities. This role ensures compliance with SEC and FINRA reporting requirements, including net capital and customer protection rules, and serves as the primary escalation point for complex interpretations, filing risks, and regulatory exams. The position manages analysts, maintains strong regulatory controls, and partners closely with the Business Line to ensure filings are accurate, timely, and defensible.

Key Responsibilities

- Broker‑Dealer Regulatory Reporting

• Own end‑to‑end preparation, review, and submission of FOCUS Reports (Part IIA / IIB) and related schedules.

• Oversee reporting related to SEC Rule 15c3‑1 (Net Capital) and SEC Rule 15c3‑3 (Customer Protection / Reserve Formula).

• Review complex areas including:

  • Netting and allowable vs. non‑allowable assets

  • Haircuts and concentration charges

  • Customer reserve computations and deposits

  • PAB vs. customer segregation distinctions

  • Affiliate and intercompany balances

• Assess the impact of new products, business changes, or legal‑entity activity on regulatory reporting.

- Management & Leadership

• Lead, coach, and develop a team of broker‑dealer regulatory reporting analysts.

• Establish clear expectations for quality, documentation standards, and filing discipline.

• Perform detailed review and approval of analyst work with a focus on regulatory defensibility.

• Ensure appropriate coverage, cross‑training, and continuity for key filings and critical rules.

- Controls, Governance & Exams

• Maintain and enhance controls supporting broker‑dealer regulatory reporting in alignment with SOX/FRR and supervisory procedures.

• Own regulatory reporting narratives, desk procedures, and control documentation.

• Coordinate responses to FINRA, SEC, and internal audit exams, including data requests, findings, and remediation.

• Perform root‑cause analysis on reporting issues and lead sustainable remediation.

Cross‑Functional Partnership

• Partner across different areas of the business line.

• Act as a key Finance point of contact for regulatory inquiries and escalations.

• Clearly explain regulatory outcomes, risks, and issues to senior Finance and business leadership.

- Process Improvement & Regulatory Change

• Drive automation, standardization, and reduction of manual regulatory reporting processes.

• Lead implementation of regulatory rule changes, interpretive guidance, or FINRA/SEC updates.

• Improve data lineage between source systems and regulatory reports.

Preferred Qualifications

• Strong working knowledge of SEC and FINRA broker‑dealer regulations

• Prior team leadership, review, or informal people‑management experience

• Experience supporting or responding to regulatory exams

• Obtain FINRA Series 27 (Financial and Operations Principal) license within 120 days of employment

• CPA or equivalent professional certification

• Direct experience with FOCUS filings, net capital computations, and reserve formula calculations

• Prior interaction with FINRA or SEC examiners

• Experience supporting multiple broker‑dealer legal entities or complex BD structures

• Exposure to capital introduction, clearing, prime brokerage, or correspondent models

Core Competencies & Skills

- Technical & Regulatory Judgment

• Deep understanding of broker‑dealer balance sheet mechanics