Hold Brothers Capital, LLC, a leading self-clearing proprietary broker-dealer, is seeking an EVP of Finance & Operations to oversee the self-clearing brokerage operations, related affiliates and serve as a member of our executive team. Reporting to the CEO, this role is responsible for the implementation and management of finance and accounting processes, external filing and financial reporting, and accounting controls and functions. This individual will collaborate with business unit and functional teams for the end to end process in producing consolidated financial statements and related disclosures as required by GAAP and the SEC. Additionally, this position will monitor emerging SEC guidelines and new and proposed U.S. GAAP accounting standards.
Essential Functions
Partner with CEO and senior management to work on day to day operations of proprietary trading firm
Work with management to identify process improvements and make recommendations for change
Conduct P & S and margin calculations to reconcile data
Preparing financials and books and records for the Broker-Dealer according to GAAP and ensuring all regulatory reporting requirements are met
Work with the CFO to provide relevant support to facilitate financial information analyses, reports, and recommendations
Ensuring accurate and timely completion of the month-end, quarter-end, and year-end close process
Keeping abreast of regulatory developments and making strategic recommendations for process/control modifications and the oversight of their implementation
Maintaining relationships with key external stakeholders (regulatory/government bodies, external auditors) as it pertains to the Broker-Dealer
Contributing value-added and strategic insight to organizational areas within the Firm and other stakeholders throughout the business
Managing all tax planning and compliance with all required federal, state, local, payroll, property and other applicable taxes
Supervision and/or performance of the Broker-Dealer's responsibilities under all financial responsibility rules promulgated pursuant to the provisions of the Securities Exchange Act of 1934 (Exchange Act)
Being able to provide strong knowledge or accounting processes through clear communication and quick responsiveness to internal and external parties
Collaborating with all departments to ensure financial information and new systems will efficiently and accurately consolidate with accounting processes and systems
Facilitating and/or performing the following duties:
FOCUS Reports
Net Capital Computations
Supplemental Schedule of Income (SSOI)
Form Custody
Brokerage Statement Analysis
Securities Investor Protection Corporation (SIPC)
Annual Audit Support
FINRA Examination Support
Accounting Due Diligence
Bookkeeping
Other duties as assigned
Requirements
Education:
B.S. in Accounting or Finance required; Advanced degree is a plus
Series 27 is required
CPA preferred but not required
Knowledge and Skills:
Must have Series 27
The ideal candidate is someone who is intelligent, professional, polished, and articulate, with good interpersonal and analytical skills
10+ years relevant broker-dealer experience working in Operations and/or Finance as a FINOP or Finance management position at a self-clearing broker-dealer
Expert knowledge of broker-dealer operations, and regulatory reporting needs including FINRA, SEC, and other agencies as required
Demonstrated analytical skills including the ability to synthesize quantitative and qualitative data to draw conclusions and assist on decision making
Extremely reliable character with a demonstrated ability to handle sensitive information with discretion
Prior experience across several disciplines including but not limited to Operations, Finance, Compliance, Risk Management, Cash Management, and Treasury is a plus
Salary Range: $200,000 - $240,000
Benefits
Health insurance, Dental insurance, Paid time off
Seniority level
Executive
Employment type
Full-time
Job function
Finance and Sales
Industries
Primary and Secondary Education and Non-profit Organizations
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