Responsibilities:
The US Regulatory Controllers is an integral part of the Finance Controllers Group within the Corporate division of Jefferies. The team is responsible for the regulatory policy making and production reporting processes and controls for capital, customer protection and FOCUS reporting for the institutional broker dealer and swap dealer while maintaining the primary interface with its regulators (SEC/FINRA and the CFTC/NFA) for financial responsibility matters involving the regulated entities in the United States.
The primary purpose of the Regulatory Reporting Consultant role will be to assist with routine reporting needs and support the broader Regulatory Controllers team across various reporting functions. This includes, but is not limited to, assisting with the daily/weekly/monthly reporting cycle for the U.S. Regulated entities as well as catering to internal ad hoc requests.
This role will have coverage across the 3 pillars of the regulatory financial responsibility framework, namely: net capital, customer protection and regulatory financial reporting while maintaining and ensuring the status quo for internal controls over regulatory compliance. This role will have exposure to a broad range of Jefferies business and product cases while interfacing with various audiences amongst key infrastructure areas such as Front Office, Operations, Risk, Legal, Compliance and Treasury. Additionally, the role will also provide an opportunity to be part of the strategic change process in the development and evolution of the regulatory control environment within and beyond the Finance Controllers while maintaining key relationships as well as developing key management information metrics and reporting to senior management and external stakeholders.
Key accountabilities are as follows:
Regulatory Production Reporting:
Assist with the regulatory calculations for 15c3-3, involving the application of key SEC/DSRO rules and ensuring consistency/compliance with prevailing internal regulatory policies on daily/weekly/monthly basis;
Assist with the daily Possession or Control oversight and reporting functions, including root cause analysis, deficit aging, and filing extension requests under SEA Rule 15c3-3 with FINRA, as required.
Assist with the regulatory calculations for 15c3-1 Broker Dealer Net Capital calculations involving the application of key SEC/DSRO rules and ensuring consistency/compliance to prevailing internal regulatory policies on daily/weekly/monthly basis;
Assist with elements of the monthly FOCUS report and other supplemental schedules along with related analytics of the balance sheet and financial reports;
Assist with ad hoc regulatory reporting requirements, requests, documentation exercises and regulatory process improvement initiatives.
Regulatory Controls and Risk:
Strong advocacy for control compliance under SEA Rule 17a-5;
Identify, develop and transform areas for improvement of regulatory reporting processes and controls;
Sustain and evolve the key finance/regulatory control framework to ensure coverage for policies and procedures while recommending enhancements if needed to comply with SEA 17a-5 Internal Control Over Compliance;
Development of controls and safety checks to risk manage the reporting process for 15c3-3;
Independently challenge results and drivers for key calculations/inputs and vet them with responsible areas
Required Background & Skills:
5+ years of experience in the Broker Dealer Industry, preferably experience working with 15c3-1, 15c3-3 Customer Reserve, 15c-3 Possession or Control and Federal Reserve Reporting;
Functional knowledge of SEA Rule 15c3-1, 15c3-3, 18a-1, and 17a5;
Proficiency and advance knowledge of the accounting, product, regulatory and operations aspects of a Broker Dealer;
Strong technical skills (Microsoft Suite and other advanced applications such as Alteryx, Tableau, etc.) preferred;
Effective project change management and communication skills;
Strong attention to details and analytical aptitude;
Ability to build relationships across a team while fostering a strong control environment and raise regulatory awareness;
