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BBVA · 2 hours ago

Broker Dealer Accounting & Regulatory VP

New York, NY

Full-time

Onsite

Mid, Senior Level

$130K/yr - $165K/yr

7+ years exp

BBVA is a growing U.S. broker-dealer subsidiary of a global financial services group based out of Spain, seeking a highly motivated individual for the Broker Dealer Accounting and Regulatory VP position. The role involves overseeing accounting and regulatory responsibilities, ensuring compliance, and preparing financial presentations for senior management and the Board of Directors.

AccountingBankingFinanceFinancial ServicesLending

Comp. & Benefits

No H1B

Responsibilities

Assist with day to day accounting responsibilities pursuant to NFA/CME registered Futures Commission Merchant (FCM) activity

Establish and execute a plan to convert existing Workday GL to multi-currency version

Create and maintain accounting policies for B/D

Maintain system reconciliations and month-end closing process for B/D

Prepare monthly finance presentation to Senior Management and quarterly presentation to the Board of Directors

Prepare daily journal entries as needed

Assist with the annual audit of the BD financial statements

Analyze monthly variances in balance sheet and income statement activity

Track and analyze revenue and operating expenses by lines of business

Build out and file NFA/CME regulatory and collateral filings pursuant to Futures Commission Merchant activity

Create regulatory haircuts structure associated with Securities Financing & Lending along with Equity products

Assist with preparing the monthly and annual FINRA FOCUS Reports including the form X-17A-5 Part II, Supplemental Statement of Income (SSOI), Form Custody for Broker Dealers, Supplemental Liquidity Schedule (SLS), Off Balance Sheet Report (OBS) and SEC 17H reports

Ensure compliance with the SEC’s Uniform Net Capital Rule 15c3-1 (including daily net capital computations) and Customer Protection Rule 15c3-3 (weekly) for a self-clearing broker dealer

Prepare TIC S, TIC BC, & TIC BL monthly reporting to the Federal Reserve

Assist with monthly consolidation to BD’s foreign parent

Assist with audits with regulators and internal/external auditors

Qualification

Accounting background in US broker-dealersFINRA Series 27Futures Commission Merchant (FCM) knowledgeWorkday Enterprise ManagementBroadridge ImpactCalypsoUS GAAP Accounting PolicySEANFACME regulatory knowledgeCPAMicrosoft OfficeSpanish speaker

Required

7+ Years' experience Accounting background in US broker-dealers

Bachelors or Masters in Accounting

FINRA Series 27

CPA is a plus

Experience in using Broadridge Impact and Calypso back office systems

Experience in using Workday Enterprise Management

Futures Commission Merchant (FCM) product knowledge

Securities Lending and Equity product knowledge

US GAAP Accounting Policy knowledge

SEA, NFA and CME regulatory knowledge surrounding Broker-Dealers and FCM's

Professional experience with both financial and operational activity of a self-clearing broker dealer with a foreign parent and foreign affiliates focused institutional activity

Proficient in Microsoft Office