Director, Broker Dealer Financial Reporting

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Finance

Pay Detail:

150,000 - 200,000 USD

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 candidate's 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 firm’s 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 firm's 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 6,500 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 solutions. In 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:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll 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 you’re 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.  

We're 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 you’ve got everything you need to succeed in your new role.

Interview Process
We’ll 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 USWAPTDO@td.com.  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.