Assistant FINOP at DriveWealth

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

21 Apr, 26

Salary

160000.0

Posted On

21 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounting, Finance, Regulatory Reporting, Data Analysis, Reconciliation, Risk Management, Compliance, Financial Reporting, Analytical Skills, Attention to Detail, Communication Skills, Problem Solving, Teamwork, GAAP, SEC Regulations, FINRA Rules

Industry

Financial Services

Description

DriveWealth is a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices. Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options. We seek enthusiastic professionals to contribute diverse perspectives and experiences to our Brokerage-as-a-Service platform. Our culture blends the pace and opportunity of a tech start-up with the impact, stability, and significance of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. We value diversity and inclusion, celebrating the unique differences of our employees as we scale and grow together. We’re guided by operating principles grounded in accountability, teamwork, integrity, and solutions built to scale. Join us! About the Role The Assistant FinOp at this U.S. regulated self-clearing broker-dealer is primarily responsible for ensuring the accurate, complete, and timely preparation and submission of financial and risk-related reports to regulatory bodies like the SEC, FINRA, NFA, CFTC and PCAOB. The role also involves reconciliation, accounting, risk and operations functions. What You’ll Do The Assistant FinOp plays a critical role in the Firm’s Finance Department of the broker-dealer entity, ensuring adherence to all applicable U.S. federal, state, and industry regulations. This position involves compiling, analyzing, and presenting financial data, and serving as a key liaison during audits and examinations. Reconciliation of the Firm’s various book-to-bank cash balances and supervision of SEA Rule 15c3-3 Exclusive Benefit of Customers and Exclusive Benefit of PAB (EBOC) bank account withdrawals and deposits. Report Preparation & Submission: Prepare, review, and submit key regulatory filings, including monthly/quarterly FOCUS reports (Financial and Operational Combined Uniform Statements) and the SEC Rule 15c3-3 (Customer and PAB Protection Rule) reserve computations. SEC Form 17-H (Risk Assessment Report for Brokers and Dealers) and SIPC 6 & 7 General Assessment Forms Capital & Reserve Calculations: Support the daily, monthly, and quarterly calculations related to SEC Rule 15c3-1 & 17a-13 (Net Capital Rule and Securities Box Count and stock loan/borrow & fails confirmations) requirements, ensuring compliance with applicable financial regulations. Prepare and Distribute the Firm’s Daily Net Capital Report (DNC), Stock Loan & Borrow Deficiency Report (SLAB), Possession or Control Report (PorC) and Bank Monitoring Report (BMR) Data Analysis & Reconciliation: Analyze, reconcile, and review balance sheets and income statements, performing variance analysis on corresponding items to ensure data accuracy and completeness. Policy & Control Enhancement: Participate in the development and review of compliance procedures, internal controls, and process enhancements, including automation efforts, to strengthen the control environment. Draft detailed ICOC control policies and procedures. Maintain internal control matrices for FRR Liaison & Support: Serve in a support capacity as the secondary point of contact and support for internal/external auditors and regulatory examiners (e.g., SEC, FINRA, CFTC, NFA, PCAOB), providing necessary documentation and explanations Regulatory Monitoring: Monitor changes in the regulatory landscape and communicate updates to the FinOp, internal stakeholders, assessing the impact on existing reporting processes and implementing necessary adjustments Ad-hoc Reporting: Handle ad-hoc reporting requests and data validation, collaborating with cross-functional teams including Legal, Operations, Risk, and IT What You’ll Need Education: A bachelor’s degree in accounting, Finance, or a related field is required; a CPA license or an advanced degree is a plus Experience: Relevant professional experience in a regulatory reporting or financial reporting role within the financial services industry, ideally with a U.S. broker-dealer Regulatory Knowledge: In-depth working knowledge of broker-dealer regulatory requirements, specifically SEC Rules 15c3-1 and 15c3-3, and FINRA rules Technical Skills: Proficiency in U.S. GAAP (Generally Accepted Accounting Principles) and strong analytical skills, with the ability to manage and analyze large data sets efficiently (advanced Excel skills often required) Soft Skills: Strong attention to detail, excellent written and verbal communication skills, problem-solving mindset, and the ability to work independently and collaboratively in a fast-paced environment Certifications (Preferred): FINRA Series 27 or 28 is not required but preferred Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor an employment Visa at this time. Compensation Compensation package offerings are based on candidate experience and technical qualifications, as it relates to the role. These are identified and determined throughout your interviewing experience. Please note: this role is expected to come into our office on a cadence set by the Hiring Manager/Team. New York, NY (Hybrid) Pay Range $150,000—$160,000 USD Benefits Competitive medical, dental, and vision insurance options Mental health resources Generous paid time off with observed holidays (varies per country) Paid parental leave for biological and adoptive parents Up to $2,500 or local equivalent each year to invest in continued education and personal development Up to $900 each year or local equivalent for fitness and wellness reimbursement Company-provided phone (varies by country) For HQ in-office employees, a daily lunch stipend, unlimited snacks, and engaging office space in the Financial District Pre-tax commuter benefits (US only) Employer 401K match (US only) Benefit offerings vary based on country and are subject to change. Equal Employment Opportunity To build technology and products that are used and loved by people and solve real-world problems, we need to build a team with many different perspectives and experiences. We are an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We encourage candidates from all backgrounds to apply. Applicants in need of special assistance or accommodation during the interview process or in accessing our website may contact us at recruiting@drivewealth.com. Agency Disclaimer DriveWealth does not accept agency resumes. Please do not forward resumes to our jobs alias, employees, or any other organization location. DriveWealth is not responsible for any fees related to unsolicited resumes.

Responsibilities

The Assistant FinOp is responsible for the accurate preparation and submission of financial and risk-related reports to regulatory bodies. This includes reconciliation, accounting, and risk management functions within the Finance Department of the broker-dealer.