Director, Broker Dealer Financial Reporting

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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:

Director (L11) Financial Reporting (NY Branch & Broker Dealer)

Overview

The Director of Finance Financial Reporting is responsible for overseeing the accounting and financial reporting activities primarily related to New York Branch operations as well as supporting financial reporting for U.S. broker-dealer entities.

This role focuses on ensuring that financial records reporting packages and financial statements are prepared accurately and in accordance with IFRS and U.S. GAAP applicable. The position is responsible for the integrity of financial reporting processes related to the New York Branch and broker-dealer entities and ensuring that financial data is appropriately supported reconciled and documented.

The Director will work closely with the Regulatory Reporting Operations Treasury and other internal stakeholders to ensure that financial information used in regulatory filings is consistent with the firms accounting records and supports regulatory reporting requirements. While regulatory filings are prepared by the Regulatory Reporting team this role provides accounting support and financial analysis necessary to facilitate regulatory compliance.

Key Responsibilities

New York Branch Financial Reporting

• Lead the accounting and financial reporting processes related to New York Branch operations.
• Ensure that financial reporting for the branch is prepared accurately and in accordance with IFRS and U.S. GAAP reporting requirements as applicable.
• Oversee preparation and review of financial reporting packages supporting schedules and reconciliations related to branch operations.
• Review branch balance sheet and income statement accounts to ensure completeness accuracy and appropriate accounting treatment.
• Coordinate preparation of financial information used for Regulatory and Management reporting
• Ensure proper reconciliation and documentation of key branch accounts including intercompany balances and financing-related activity.
• Maintain strong governance and documentation supporting branch financial reporting processes.

Broker-Dealer Financial Reporting

• Manage month-end close process as well as preparation of financial statements under both US GAAP and IFRS for broker dealer entities.
• Manage year-end audit process for broker dealers and serve as main point of contact for year-end audit.
• Work closely with regulatory reporting group on filings of FOCUS 15c3-3 Customer Reserve Requirement and 15c3-1 Net Capital.
• Perform detailed review and variance analysis of revenue streams costs drivers and business KPIs.
• Help implement strategic technology builds and changes in reporting paradigms including changes in reports as dictated by management and regulators.
• Support strategic and tactical projects including working with Operations to implement upgraded clearance and settlement systems.
• Liaise with interna/external auditors and other internal stakeholders.

Controls Governance & Risk Management

• Design implement and maintain a robust control framework over financial reporting including documentation of key controls review procedures and evidence standards.
• Partner with Chief Accounts Regulatory 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 Financial and regulatory reporting.
• Implement routines and controls surrounding critical governance processes
  • End User Computing (EUC) spreadsheet
  • Adherence with firms account reconciliation (ARCS) policy
  • Standard Operating Procedure (SOP) policy

Qualifications

• 10 years experience in Finance for broker dealers including managerial experience
• Account for Fixed Income and Equity Products preferred
• CPA FINRA 27 License preferred but not required
• Excellent verbal and written communication skills
• Knowledge of Broadridge Pershing a plus

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.