Vaco by Highspring · 2 weeks ago
AVP - Cash & Treasury Management
Fort Mill, SC
Full-time
Onsite
Senior Level, Lead/Staff
$135K/yr - $145K/yr
8+ years expVaco by Highspring is a well-established, Fortune 500 technology-enabled financial services organization experiencing ongoing growth and transformation. The Assistant Vice President (AVP), Cash Reconciliation is responsible for overseeing daily cash and asset reconciliation activities while ensuring compliance with SEC regulations, managing complex reconciliation processes, and leading a team of analysts.
Staffing & Recruiting
Hiring Manager
Cole Conrad
Responsibilities
Lead end-to-end daily reconciliation of cash, clearing, suspense accounts, and asset positions across custodians and trading platforms
Review and resolve breaks, exceptions, and aged items in accordance with internal policies and FINRA/SEC requirements
Oversee interest, corporate actions, and other cash-related activity
Oversee preparation and review of the daily Customer Reserve Formula calculation, ensuring full regulatory compliance
Validate segregation requirements, debit/credit computations, and proprietary balances
Coordinate with Treasury, Accounting, and Regulatory Reporting to ensure timely movement of funds into and out of Reserve Bank Accounts
Ensure proper documentation, controls, approvals, and audit support for reserve processes
Identify and remediate discrepancies, system issues, or calculation breaks
Approve journal entries including cash reclasses and interest accruals (daily/monthly)
Perform monthly account certifications and reconciliations
Provide income statement and balance sheet fluctuation analysis (monthly and quarterly)
Support internal and external audits
Maintain and enhance internal controls supporting cash, asset, and reserve processes
Partner with Internal Audit, Compliance, and Risk on audits, exams, and regulatory inquiries
Ensure adherence to FINRA, SEC, and internal policy requirements
Lead, coach, and develop a team of reconciliation analysts and senior specialists
Align resources to meet critical daily deadlines and regulatory timelines
Foster a culture of accuracy, risk awareness, accountability, and continuous improvement
Drive automation and process enhancements across reconciliation and reserve systems
Lead UAT, system upgrades, data validations, and performance improvements
Partner with technology teams on root cause analysis and remediation of system issues
Deliver daily, weekly, and monthly reconciliation and reserve reporting to senior stakeholders
Escalate material reconciliation issues or reserve variances posing financial or regulatory risk
Support regulatory filings and financial reporting as required
Qualification
Required
Bachelor's or Master's degree in Finance, Accounting, Business, or related field
8+ years of experience in finance, accounting, cash reconciliation, broker-dealer operations, or financial controls
Series 99 (or ability to obtain within 120 days of hire)
Expertise in SEC Rule 15c3-3 and broker-dealer regulatory requirements
Proven leadership experience managing teams or senior analysts
Advanced Excel skills and experience with reconciliation platforms
Experience with Oracle, BETA, Kyriba, or similar broker-dealer systems
Prior ownership of Customer Reserve Calculations
CPA or other relevant certifications
Experience driving automation and process optimization initiatives
Benefits
Discretionary bonuses
Medical, dental, and vision benefits
401(k) retirement plan
Company
Vaco by Highspring
Vaco is the Talent Solutions division of Highspring, a leading global professional services organization.
5001-10000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase