Senior Regulatory Reporting Analyst

Dallas, TX, United States

Apex enables modern investing and wealth management tools through an ecosystem offrictionless platforms, APIs, and services.

Apex Fintech Solutions (AFS) powers innovation and the future of digital wealth management by processing millions of transactions daily, to simplify, automate, and facilitate access to financial markets for all. Our robust suite of fintech solutions enables us to support clients such as Stash, Betterment, SoFi, and Webull, and more than 20 million of our clients' customers.

Collectively, AFS creates an environment in which companies with the biggest ideas in fintech are empowered to change the world. We are based in Dallas, TX and also have offices in Austin, New York, Chicago, Portland, and Belfast.

If you are seeking a fast-paced and entrepreneurial environment where you'll have the opportunity to make an immediate impact, and you have the guts to change everything, this is the place for you.

AFS has received a number of prestigious industry awards, including:

2021, 2020, 2019, and 2018 Best Wealth Management Company - presented by Fintech Breakthrough Awards

2021 Most Innovative Companies - presented by Fast Company

2021 Best API & Best Trading Technology - presented by Global Fintech Awards

ABOUT THIS ROLE

The Senior Regulatory Reporting Analyst on the Apex Finance team is responsible for handling regulatory reporting functions for the firm. This role interacts with several APEX teams, including Billing, Accounting, Treasury, Client Service, Operations, Compliance, and Technology.

The Senior Regulatory Reporting Analyst must be a critical thinker, analytical, energetic, and possess strong attention to detail. Specifically, the senior level individual is expected to manage larger and/or more complex daily tasks, independently solve complex problems on behalf of themselves and other team members, help recommend and implement ideas that improve the overall group performance, train other team members and perform supervisory review of reporting and/or processes.The ideal candidate will have experience in broker-dealer accounting and broker-dealer operations.

We’re looking for someone who:

Is passionate . You have a genuine passion to improve processes in order to protect the firm and its customers.

Is motivated . You’re driven to be the very best. You challenge yourself to grow and learn every day and are encouraged by teammates who do the same.

Is collaborative. You’re excited to work with others throughout the organization to help foster a superior work place and culture. You are constantly thinking of new ways to make the firm more successful.

Wants to make an impact . You’re looking to do amazing work. You’re all about helping employees be happier at work and perform at a superior level.

Operates with integrity . You always conduct yourself with honesty and operate ethically. You say what you mean, and mean what you say.

What you’ll do all day:

Protect customers. Ensure the firm is in compliance with Rule 15c3-3, (customer protection rule) in a constantly changing environment, which includes continually learning and applying the rules.

Report accurately to the SEC. Take a vital role in the preparation of the firm’s FOCUS report according to rule 15c3-1. This will include preparing the regulatory balance sheet and schedules relating to regulatory capital charges.

Be involved in futures industry reporting. Have an active role in preparation and review of daily and monthly reporting for our futures business. Be active in continually developing and improving processes to ensure the firm remains in compliance at all times.

Interact with auditors and examiners . Hold an active role in dealing with the firm’s independent auditors as well as FINRA and NFA examiners.

Lead weekly and monthly meetings for reserve calculations and FOCUS reporting . This position will have the opportunity to lead meetings which include executive members of accounting and operations on a regular basis.

Assist in the accounting close . Will create schedules and entries for the accounting close for regulatory reporting related accounts.

Duties and responsibilities:

Take an active role in the calculation of the 15c3-3 weekly reserve computation, including completing schedules, researching issues that arise, and taking the lead role in the reserve review meeting.

Prepare the 15c3-1 monthly FOCUS report. Calculate capital charges, including haircuts, margin calls, and fails to deliver/receive, to arrive at net capital. Lead accounting management through a review of the computation.

Assist with the monthly accounting close, particularly as it relates to FOCUS related items, including customer balances, stock borrow/stock loan, and fails to deliver/receive. Maintain reconciliations of balance sheet accounts for review in monthly close meeting.

Calculate daily segregation requirements of the futures business according to Title 17 of the CFTC.

Take an active role in our annual financial statement audit and our regulatory examinations from FINRA, SEC, and NFA.

Prepare quarterly filings such as Supplemental Statement of Income and FORM Custody.

Prepare the firm’s SIPC assessment calculations.

Drive process improvement. Continually search for more efficient and innovative methods of performing responsibilities through automation while maintaining a high level of standards in reporting to regulators.

Calculate the firm’s estimated net capital on a daily basis.

Maintain a high level of knowledge of the customer protection rule and net capital rule and be able to apply these rules effectively. Stay current on rule changes and updates. Research rules to address questions and inquiries from Operations and other groups within the firm.

The skills you’ll need to succeed:

Required

Bachelor’s degree in accounting, finance or related field.

4+ years of experience in broker-dealer regulatory reporting or broker-dealer operations.

Working knowledge of SEC rule 15c3-1 and SEC rule 15c3-3.

Excellent attention to detail and an exceptionally high degree of initiative/adaptability

The ability to work independently as well as in a team environment

The ability to work with numerous and conflicting deadlines

Strong analytical skills to solve complex problems

The ability to exercise independent judgment

Excellent communication (verbal and written) skills and the ability to communicate constructively within the department and the firm

Proficient in Excel, PowerPoint, and Word

Preferred

Familiarity with futures industry regulatory reporting

Experience using NetSuite accounting system

Intermediate to Advanced Excel abilities

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Our Rewards

We offer a robust package of employee perks and benefits, including healthcare benefits (medical, dental and vision, EAP), competitive PTO, 401k match, parental leave, and HSA contribution match. We also provide our employees with a paid subscription to the Calm app and offer generous external learning and tuition reimbursement benefits. At AFS, we offer a hybrid work schedule for most roles that allows employees to have the flexibility of working from home and one of our primary offices.

Diversity, Equity, Inclusion, and Belonging (DEIB) Commitment

We're looking for all kinds of people.

At Apex, we believe that wealth management and investing should be accessible to everyone, and we strive to create spaces to democratize investing for folks of all walks of life. Internally, we embrace diversity and are dedicated to creating an inclusive and equitable workplace, which reflects our company vision and mission. We value every team member's unique perspective and are committed to fostering a culture where everyone belongs. Join us in our mission to empower and celebrate individual differences.

Apex is committed to being an equal opportunity employer. We ensure that qualified applicants receive fair consideration for employment without discrimination based on sex, gender identity, gender expression, sexual orientation, race, color, natural or protective hairstyle, genetics, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law. Know your rights: workplace discrimination is illegal. We stand by this commitment to promote a diverse, equitable, and inclusive workforce.

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