Director-Broker Dealer Regulatory Reporting

Work Location:

Hours:

Line of Business:

Pay Detail:

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidates skills and experience job-related knowledge geographic location and other specific business and organizational needs.

As a candidate you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

The Director of Broker-Dealer Regulatory Reporting is responsible for overseeing all U.S. regulatory financial reporting and capital compliance for the broker-dealer. This role ensures accurate timely and compliant filings under SEC and FINRA rules with primary responsibility for SEC Rules 15c3-1 (Net Capital) and 15c3-3 (Customer Protection Rule). The Director serves as a key subject-matter expert and liaison with regulators auditors and internal stakeholders across Finance Operations and Compliance.

Key Responsibilities

Regulatory Capital & Customer Protection

• Own and oversee compliance with SEC Rule 15c3-1 (Net Capital) including daily net capital computations early warning thresholds stress scenarios and regulatory capital planning.

• Own and oversee compliance with SEC Rule 15c3-3 including customer reserve formula calculations possession-or-control requirements account classifications and exemption analyses (e.g. paragraph 74/78 k(2)(ii)).

• Review and approve reserve computations special reserve bank account activity and related reconciliations.

• Assess the regulatory impact of new products business initiatives and operational changes.

• Lead mentor and develop a team of Regulatory Reporting junior staff members.

Regulatory Filings & Reporting

Oversee preparation review and submission of all required regulatory filings including but not limited to:

• FOCUS Reports Supplemental Liquidity Schedules (SLS) FR 2004

• Audited financials supplemental regulatory information and footnotes

• SIPC filings

• FINRA and SEC ad-hoc requests

• Ensure consistency between regulatory filings US GAAP financial statements and internal management reporting.

• Manage regulatory reporting calendars controls and documentation to ensure timeliness and accuracy.

Audit & Regulatory Interaction

• Serve as primary point of contact for external auditors on regulatory capital customer protection and related audit matters.

• Lead responses to regulatory examinations inquiries and deficiency letters from SEC FINRA and other regulators.

• Draft formal regulatory correspondence interpretive memos and responses to audit findings including remediation plans where required.

Controls Governance & Risk Management

• Design implement and maintain a robust control framework over regulatory reporting including documentation of key controls review procedures and evidence standards.

• Partner with Compliance and Operations to support internal control assessments issue management and remediation of findings.

• Lead or support look-back analyses root-cause assessments and process improvements related to regulatory reporting.

Qualifications

• Bachelors degree in Accounting Finance or related field.

• 10 years of experience in broker-dealer regulatory reporting capital management or financial control roles.

• Hands-on expertise with SEC Rules 15c3-1 and 15c3-3.

• Extensive experience preparing and reviewing FOCUS reports and other SEC/FINRA regulatory filings.

• Strong understanding of broker-dealer operations settlement processes margin financing transactions (repo stock borrow/loan) and customer account structures.

• Proven experience interacting with external auditors and regulators.

The Director Specialized Finance Group Manager TDS manages a team of Finance professionals and related processes and activities for a specialized area operational unit centre of expertise or finance discipline.

Depth & Scope:

• Provides people management leadership by hiring the best talent setting goals developing staff managing employee performance and compensation decisions promoting teamwork and handling any/all disciplinary actions as required

• Oversee and lead a large and/or highly complex and diverse reporting function for an area of significant risk complexity or scope while growing talent developing skills and capabilities to achieve career goals support project / initiative success and achieve business results

• Provides coaching mentorship and guidance to practitioners business executives within area of expertise

• Manages and oversees the overall discipline and strategy for the respective areas while aligning to the enterprise best practices

• Provides coaching mentorship and guidance to practitioners business executives within area of expertise

• Strategic partner to leadership team on the management of the portfolio and financials with deep industry external / internal enterprise knowledge recognizing and anticipating emerging trends and; identifying operational efficiencies and opportunities with other business management / enterprise areas

• Facilitates key strategic discussions and provide thought leadership to executive audience (output may include strategic roadmap and/or deliverables/ frameworks/ short to long term goals etc.)

• Sets operational team direction and collaborate with others to execute on common goals

• Focus on longer-range planning for functional area (e.g. 12 months or greater)

Education & Experience:

• Undergraduate degree and/or

• 10 years of relevant experience preferred

• Accounting or financial designation preferred

• People Management experience

Customer Accountabilities:

• Develops and maintains good relationships with key business / finance partners and other stakeholders and effectively communicates relevant / meaningful recommendations on a range of specialized finance management issues or related operational processes

• Liaises and effectively interacts with internal / external auditors / regulators where applicable and ensures appropriate action is taken where required

• Acts as subject matter expert for own area and provides guidance/ advice and recommendations to support dealings with internal / external partners

• Contributes to the analysis due diligence and execution of potential business restructuring acquisitions joint ventures and /or divestitures within own area of responsibility and ensures appropriate Finance areas are involved where necessary

• Develops and/or assesses significant business cases / new initiatives applying expertise and ensuring criteria for own area are met (e.g. taxation accounting practices forecasted rates of return evaluate outcomes test assumptions interface with others for appropriate input identify benchmarks)

• Manages / coordinates client requests for finance support and/or reports ensuring that solutions balance and address business partner needs with overall Finance capabilities. Participates on internal / external committees as appropriate to provide advice / counsel to business / finance partners and/or represent TDs interests

Shareholder Accountabilities:

• Works closely with key business leaders to achieve business objectives ensuring the optimal use of resources and leverages TDs operating model to maximize efficiency effectiveness and scale

• Plans and executes on strategic activities reviews and communicates results and adjust tactics accordingly

• Executes on the annual business plan to deliver results aligned with business strategies

• Manages overall budget revenue and expenditures meets business objectives while increasing efficiency and effectiveness

• Proactively identifies key business opportunities researches and recommends enhancements / modifications develops strategies to achieve recommendations and works closely with team to execute and implement

• Monitors and communicates the effectiveness of strategies programs and practices related to own area of expertise

• Protects the interests of the organization identifies and manages risks and escalates non-standard high risk transactions / activities as necessary

• Keeps abreast of emerging issues trends and evolving regulatory requirements and assesses potential impacts

• Maintains a culture of risk management and control supported by effective processes in alignment with risk appetite

• Ensures employees are knowledgeable; and assumes responsibility to minimize operational and regulatory risk by complying with Bank and industry Code of Conduct

Employee/Team Accountabilities:

• Cultivates and models the Colleague Promise to support colleague growth and a culture of care; makes an impact at work and in our communities by leading with authenticity and supporting well-being to represent TDs brand

• Connects the alignment of colleagues contributions with the TD Shared Commitments

• Builds and retains an engaged and diverse team that embraces diversity of thought creativity and curiosity; where every colleague and customer are valued respected and listened to; committed to a common goal and collaborate to move with speed and get things done

• Demonstrates inclusive leadership by taking meaningful action with intention to support colleagues and customers across all dimensions of diversity including those from underrepresented communities being actively anti-racist attracting and retaining diverse slate of candidates nurturing mutual respect inclusivity of thought and collaboration to drive successful results

• Sustains identifies strong talent recruits and develops a diverse talent pipeline of qualified workforce to innovate and maximizes individual strengths to lead to a better business outcome

• Enables colleague growth by encouraging colleague development to achieve career and business objectives; ensuring timely feedback motivating appreciation and recognition to all colleagues

• Enables a continuous learning culture by proactively seeking listening to and actioning feedback from peers and from colleague listening opportunities to continuously improve the colleague experience and grow your personal leadership

• Fosters an environment that promotes sharing of knowledge information skills and subject matter expertise among the team; ensures timely management and escalation of issues and creates opportunities to collaborate with other functions and teams

• Leads your team through change and create an environment where teams feel psychologically safe to challenge current practices by modeling resiliency and flexibility communicating a compelling vision with clarity and empowering colleagues

• Contributes to the development of business segment and/or enterprise functional strategic priorities within their operational area or field of specialty that drive results

• Develops annual and/or long-term plans for own area that are aligned with enterprise-wide priorities reinforcing a focus on results that align to One TD

• Fosters a high-performance culture by setting team targets and objectives promoting and facilitating on-going feedback/coaching and conducting Quarterly Check-Ins for all colleagues to drive accountability and business results

• Manages employees in compliance with all human resources policies procedures and guidelines of conduct

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel Occasional

• International Travel Never

• Performing sedentary work Continuous

• Performing multiple tasks Continuous

• Operating standard office equipment - Continuous

• Responding quickly to sounds Occasional

• Sitting Continuous

• Standing Occasional

• Walking Occasional

• Moving safely in confined spaces Occasional

• Lifting/Carrying (under 25 lbs.) Occasional

• Lifting/Carrying (over 25 lbs.) Never

• Squatting Occasional

• Bending Occasional

• Kneeling Never

• Crawling Never

• Climbing Never

• Reaching overhead Never

• Reaching forward Occasional

• Pushing Never

• Pulling Never

• Twisting Never

• Concentrating for long periods of time Continuous

• Applying common sense to deal with problems involving standardized situations Continuous

• Reading writing and comprehending instructions Continuous

• Adding subtracting multiplying and dividing Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate government and institutional clients who choose us for our innovation execution and experience. With more than 6500 professionals operating out of 40 cities across the globe we strive to make every interaction product and experience remarkably human and refreshingly simple. Our services include underwriting and distributing new issues providing trusted advice and industry-leading insight extending access to global markets and delivering integrated transaction banking 2023 we acquired Cowen Inc. offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise while growing our strong diversified investment bank.

Together we are reimagining what banking can be for our clients colleagues and communities.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g. eligibility for cash and/or equity incentive awards generally through participation in an incentive plan) and several other key plans such as health and well-being benefits savings and retirement programs paid time off (including Vacation PTO Flex PTO and Holiday PTO) banking benefits and discounts career development and reward and recognition. Learn more

Additional Information:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development

If youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll have regular career development and performance conversations with your manager as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If youre passionate about helping clients and building deep lasting relationships TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

Were committed to your success and foster a respectful workplace where diverse perspectives are valued everyone has fair opportunities to grow and you can unlock your full potential to achieve your career goals. Here at TD we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.

Interview Process
Well reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin age disability status as a protected veteran or any other characteristic protected under applicable federal state or local law.

If you are an applicant with a disability and need accommodations to complete the application process please email TD Bank US Workplace Accommodations Program at . Include your full name best way to reach you and the accommodation needed to assist you with the applicant process.