Broker Dealer Accountant at Alliance Sourcing Network,Inc.

NYC location

Hybrid

Must be local to NY or NJ

Priority skills:

- Expertise in regulatory net capital rules and reserve computation for clearing Broker Dealers,

- Expertise with Phase 3 and R3 tools

- Previous expertise in preparing and filing FOCUS report for clearing brokers

SPECIAL ROLE REQUIREMENTS:

Understand broker dealer net capital rules

Understand broker dealer reserve requirement rules

Understand the B/D Focus & FED Regulatory Reporting Summary CAS Finance is the regulatory team within the larger NY Finance group.

Responsible for the monitoring of the daily, weekly and monthly capital requirements of CAS as mandated by rules promulgated by the SEC and applied by FINRA.

Responsible for weekly reserve calculations under SEC Rule 15c3-3.

Prepares monthly and quarterly head office reporting utilizing BMF and Arpege (Head Office tools).

The candidate will report to the local CFO based in New York.

Key Responsibilities

1) Prepare weekly reserve calculations

2) Review data output from R3 allocation system for accuracy

3) Analyze certain key accounts as to composition and regulatory capital treatment (allowable/non-allowable)

4) Prepare daily net capital estimates

5) Book necessary journal entries

6) Assist in the preparation of the monthly FOCUS Report

7) Assist in addressing and analyzing requests regarding head office reporting

ESSENTIAL

Qualifications/Education Required:

4 year college degree

Experience Required:

2 to 5 years within Securities firm a plus

License Certification Required:

Series 99 license required, CPA a plus

Technical Skills

-Understand the regulatory net capital rules of a regulated broker dealer under SEC Rule -15-c3-1

-Understand customer reserve calculations under SEC Rule 15c3-3

-Proficient in use of Microsoft Excel - Highly Skilled

-Knowledge of Phase 3 settlement system

-Knowledge of R3 allocation system

- Knowledge of Federal Reserve reporting requirements

-Strong computer skills (database creation)

General Skills (Essential)

-Ability to analyze and summarize information

-Ability to prioritize effectively

-Ability to work autonomously

-Ability to work successfully in a team

-Adaptability to changing environments

-Effectiveness at decision making

-Ability to deal with issues

Language Skills:

French - would be a plus