Director-Broker Dealer Regulatory Reporting at TD Canada Trust

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

14 Jun, 26

Salary

200000.0

Posted On

16 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Regulatory Reporting, Broker-Dealer, Net Capital, Customer Protection Rule, SEC Rules, FINRA Rules, FOCUS Reports, Capital Compliance, Financial Reporting, Auditing, Risk Management, People Management, Regulatory Filings, US GAAP, Control Framework, Subject Matter Expert

Industry

Banking

Description

Work Location: New York, New York, United States of America Hours: 40 Line of Business: TD Securities Pay Detail: 170,000 - 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: The Director of Broker-Dealer Regulatory Reporting is responsible for overseeing all U.S. regulatory financial reporting and capital compliance for the broker-dealer. This role ensures accurate, timely, and compliant filings under SEC and FINRA rules, with primary responsibility for SEC Rules 15c3-1 (Net Capital) and 15c3-3 (Customer Protection Rule). The Director serves as a key subject-matter expert and liaison with regulators, auditors, and internal stakeholders across Finance, Operations and Compliance. Key Responsibilities Regulatory Capital & Customer Protection Own and oversee compliance with SEC Rule 15c3-1 (Net Capital), including daily net capital computations, early warning thresholds, stress scenarios, and regulatory capital planning. Own and oversee compliance with SEC Rule 15c3-3, including customer reserve formula calculations, possession-or-control requirements, account classifications, and exemption analyses (e.g., paragraph 74/78, k(2)(ii)). Review and approve reserve computations, special reserve bank account activity, and related reconciliations. Assess the regulatory impact of new products, business initiatives, and operational changes. Lead, mentor and develop a team of Regulatory Reporting junior staff members. Regulatory Filings & Reporting Oversee preparation, review, and submission of all required regulatory filings, including but not limited to: FOCUS Reports, Supplemental Liquidity Schedules (SLS), FR 2004 Audited financials supplemental regulatory information and footnotes SIPC filings FINRA and SEC ad-hoc requests Ensure consistency between regulatory filings, US GAAP financial statements, and internal management reporting. Manage regulatory reporting calendars, controls, and documentation to ensure timeliness and accuracy. Audit & Regulatory Interaction Serve as primary point of contact for external auditors on regulatory capital, customer protection, and related audit matters. Lead responses to regulatory examinations, inquiries, and deficiency letters from SEC, FINRA, and other regulators. Draft formal regulatory correspondence, interpretive memos, and responses to audit findings, including remediation plans where required. Controls, Governance & Risk Management Design, implement, and maintain a robust control framework over regulatory reporting, including documentation of key controls, review procedures, and evidence standards. Partner with Compliance and 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 regulatory reporting. Qualifications Bachelor’s degree in Accounting, Finance, or related field. 10+ years of experience in broker-dealer regulatory reporting, capital management, or financial control roles. Hands-on expertise with SEC Rules 15c3-1 and 15c3-3. Extensive experience preparing and reviewing FOCUS reports and other SEC/FINRA regulatory filings. Strong understanding of broker-dealer operations, settlement processes, margin, financing transactions (repo, stock borrow/loan), and customer account structures. Proven experience interacting with external auditors and regulators. The Director, Specialized Finance Group Manager, TDS manages a team of Finance professionals and related processes and activities for a specialized area, operational unit, centre of expertise or finance discipline. Depth & Scope: Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required Oversee and lead a large and/or highly complex and diverse reporting function for an area of significant risk, complexity or scope while growing talent, developing skills and capabilities to achieve career goals, support project / initiative success and achieve business results Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise Manages and oversees the overall discipline and strategy for the respective areas while aligning to the enterprise best practices Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise Strategic partner to leadership team on the management of the portfolio and financials, with deep industry, external / internal, enterprise knowledge, recognizing and anticipating emerging trends and; identifying operational efficiencies and opportunities with other business management / enterprise areas Facilitates key strategic discussions and provide thought leadership to executive audience (output may include strategic roadmap and/or deliverables/ frameworks/ short to long term goals etc.) Sets operational team direction and collaborate with others to execute on common goals Focus on longer-range planning for functional area (e.g. 12 months or greater) Education & Experience: Undergraduate degree and/or 10+ years of relevant experience preferred Accounting or financial designation preferred People Management experience Customer Accountabilities: Develops and maintains good relationships with key business / finance partners and other stakeholders and effectively communicates relevant / meaningful recommendations on a range of specialized finance management issues or related operational processes Liaises and effectively interacts with internal / external auditors / regulators where applicable and ensures appropriate action is taken where required Acts as subject matter expert for own area and provides guidance/ advice and recommendations to support dealings with internal / external partners Contributes to the analysis, due diligence and execution of potential business restructuring, acquisitions, joint ventures and /or divestitures within own area of responsibility and ensures appropriate Finance areas are involved where necessary Develops and/or assesses significant business cases / new initiatives applying expertise and ensuring criteria for own area are met (e.g., taxation, accounting practices, forecasted rates of return, evaluate outcomes, test assumptions, interface with others for appropriate input, identify benchmarks) Manages / coordinates client requests for finance support and/or reports, ensuring that solutions balance and address business partner needs with overall Finance capabilities. Participates on internal / external committees as appropriate to provide advice / counsel to business / finance partners and/or represent TD's interests Shareholder Accountabilities: Works closely with key business leaders to achieve business objectives, ensuring the optimal use of resources and leverages TD’s operating model to maximize efficiency, effectiveness and scale Plans and executes on strategic activities, reviews and communicates results, and adjust tactics accordingly Executes on the annual business plan to deliver results aligned with business strategies Manages overall budget, revenue and expenditures, meets business objectives while increasing efficiency and effectiveness Proactively identifies key business opportunities, researches and recommends enhancements / modifications, develops strategies to achieve recommendations and works closely with team to execute and implement Monitors and communicates the effectiveness of strategies, programs, and practices related to own area of expertise Protects the interests of the organization – identifies and manages risks, and escalates non-standard, high risk transactions / activities as necessary Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite Ensures employees are knowledgeable; and assumes responsibility to minimize operational and regulatory risk by complying with Bank and industry Code of Conduct Employee/Team Accountabilities: Cultivates and models the Colleague Promise to support colleague growth, and a culture of care; makes an impact at work and in our communities by leading with authenticity and supporting well-being to represent TD's brand Connects the alignment of colleague's contributions with the TD Shared Commitments Builds and retains an engaged and diverse team that embraces diversity of thought, creativity and curiosity; where every colleague and customer are valued, respected, and listened to; committed to a common goal and collaborate to move with speed and get things done Demonstrates inclusive leadership by taking meaningful action with intention to support colleagues and customers across all dimensions of diversity, including those from underrepresented communities, being actively anti-racist, attracting and retaining diverse slate of candidates, nurturing mutual respect, inclusivity of thought and collaboration to drive successful results Sustains, identifies strong talent, recruits and develops a diverse talent pipeline of qualified workforce to innovate and maximizes individual strengths to lead to a better business outcome Enables colleague growth by encouraging colleague development to achieve career and business objectives; ensuring timely feedback, motivating appreciation and recognition to all colleagues Enables a continuous learning culture by proactively seeking, listening to and actioning feedback from peers and from colleague listening opportunities to continuously improve the colleague experience and grow your personal leadership Fosters an environment that promotes sharing of knowledge, information, skills, and subject matter expertise among the team; ensures timely management and escalation of issues and creates opportunities to collaborate with other functions and teams Leads your team through change and create an environment where teams feel psychologically safe to challenge current practices by modeling resiliency and flexibility, communicating a compelling vision with clarity and empowering colleagues Contributes to the development of business segment and/or enterprise functional strategic priorities within their operational area or field of specialty that drive results Develops annual and/or long-term plans for own area that are aligned with enterprise-wide priorities, reinforcing a focus on results that align to One TD Fosters a high-performance culture by setting team targets and objectives, promoting and facilitating on-going feedback/coaching and conducting Quarterly Check-Ins for all colleagues to drive accountability and business results Manages employees in compliance with all human resources policies, procedures and guidelines of conduct 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 strive to make every interaction, product and experience remarkably human and refreshingly simple. 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. Together, we are reimagining what banking can be for our clients, colleagues and communities. 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 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. If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact. We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best. 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 TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law. If you are an applicant with a disability and need accommodations to complete the application process, please email 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 applicant process. US Labor & Employment Posters | California Privacy | Accessibility | FAQ Our Values At TD we’re guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture. Our Commitment to Diversity, Equity, and Inclusion At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We’re dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve. Helping to Make an Impact in Communities – TD Ready Commitment TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That’s why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of C$1 billion by 2030 in community giving across four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It’s our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities. Learn more: Canada | US | Europe & Asia Pacific

Responsibilities

The Director is responsible for overseeing all U.S. regulatory financial reporting and capital compliance for the broker-dealer, ensuring accurate and timely filings under SEC and FINRA rules, primarily focusing on Net Capital and Customer Protection Rules. This role involves owning compliance, reviewing critical calculations, assessing regulatory impacts, leading a team, and serving as a key liaison with regulators and auditors.