Director, Broker Dealer Financial Reporting

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Finance

Pay Detail:

150,000 - 200,000 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:

Director (L11) – Financial Reporting (NY Branch & Broker Dealer)

Overview

The Director of Finance – Financial Reporting is responsible for overseeing the accounting and financial reporting activities primarily related to New York Branch operations, as well as supporting financial reporting for U.S. broker-dealer entities.

This role focuses on ensuring that financial records, reporting packages, and financial statements are prepared accurately and in accordance with IFRS and U.S. GAAP applicable. The position is responsible for the integrity of financial reporting processes related to the New York Branch and broker-dealer entities and ensuring that financial data is appropriately supported, reconciled, and documented.

The Director will work closely with the Regulatory Reporting, Operations, Treasury, and other internal stakeholders to ensure that financial information used in regulatory filings is consistent with the firm’s accounting records and supports regulatory reporting requirements. While regulatory filings are prepared by the Regulatory Reporting team, this role provides accounting support and financial analysis necessary to facilitate regulatory compliance.

Key Responsibilities

New York Branch Financial Reporting

• Lead the accounting and financial reporting processes related to New York Branch operations.
• Ensure that financial reporting for the branch is prepared accurately and in accordance with IFRS and U.S. GAAP reporting requirements, as applicable.
• Oversee preparation and review of financial reporting packages, supporting schedules, and reconciliations related to branch operations.
• Review branch balance sheet and income statement accounts to ensure completeness, accuracy, and appropriate accounting treatment.
• Coordinate preparation of financial information used for Regulatory and Management reporting
• Ensure proper reconciliation and documentation of key branch accounts, including intercompany balances and financing-related activity.
• Maintain strong governance and documentation supporting branch financial reporting processes.

Broker-Dealer Financial Reporting

• Manage month-end close process as well as preparation of financial statements under both US GAAP and IFRS for broker dealer entities.
• Manage year-end audit process for broker dealers and serve as main point of contact for year-end audit.
• Work closely with regulatory reporting group on filings of FOCUS, 15c3-3 Customer Reserve Requirement, and 15c3-1 Net Capital.
• Perform detailed review and variance analysis of revenue streams, costs drivers and business KPIs.
• Help implement strategic technology builds and changes in reporting paradigms, including changes in reports as dictated by management and regulators.
• Support strategic and tactical projects, including working with Operations to implement upgraded clearance and settlement systems.
• Liaise with interna/external auditors and other internal stakeholders.

Controls, Governance & Risk Management

• Design, implement, and maintain a robust control framework over financial reporting, including documentation of key controls, review procedures, and evidence standards.
• Partner with Chief Accounts, Regulatory, Operations to support internal control assessments, issue management, and remediation of findings.
• Lead or support look-back analyses, root-cause assessments, and process improvements related to Financial and regulatory reporting.
• Implement routines and controls surrounding critical governance processes
  • End User Computing ("EUC") spreadsheet
  • Adherence with firm's account reconciliation ("ARCS') policy
  • Standard Operating Procedure ("SOP") policy

Qualifications

• 10+ years' experience in Finance fo