Financial Operations Principal

Your Role:

This is an opportunity to join a Fintech startup at an exciting time! Become one of the CORE influencers in the company.  

The FinOp is a key role in the finance team and responsible for overseeing the company’s financial and operational compliance to the SEC’s Net Capital Rule (Rule 15c3-1) and Customer Protection Rule (Rule 15c3-3). 

The Accounting & Finance team is 100% distributed and remote.  This role will be reporting directly to the CFO.

Key Roles and Responsibilities of a Series 27 FinOp:

1. Financial Oversight and Reporting

• Supervise and review and file FOCUS reports (Form X-17A-5) with FINRA and the SEC, typically monthly or quarterly.
• Monitor net capital levels to ensure the firm maintains the required minimum net capital at all times.
• Ensure timely filing of financial statements and supplemental reports, including annual audited financials.
• Oversee financial books and records, including general ledger, trial balance, and subsidiary ledgers.

2. Regulatory Compliance

• Interpret and apply SEC and FINRA rules, particularly SEC Rule 15c3-1 (Net Capital Rule) and 15c3-3 (Customer Protection).
• Ensure compliance with Rule 17a-3 and 17a-4 (recordkeeping requirements).
• Respond to regulatory inquiries and exams by FINRA, SEC, or other regulatory bodies.

3. Internal Controls and Risk Management

• Design and maintain adequate internal controls to safeguard customer and firm assets.
• Supervise systems to prevent and detect errors or fraud in financial reporting.
• Supervision of financial operations reconciliations of firm and customer related bank accounts and back office ledger 
• Partner with Operations and Finance to supervise day-to-day accounting
• Supervision and/or preparations of source entries and original books and records for Broker-Dealer and ensure all periodic regulatory reporting requirements are met 

4. Operational Supervision

• Oversee clearing and settlement processes, especially for self-clearing or carrying firms.
• Monitor cash and securities movements to ensure compliance with custody rules.
• Supervise margin calculations and related risk exposure.

5. Audits and Liaison Work

• Coordinate the annual independent audit of the firm’s financials.
• Act as liaison to auditors, regulators, and clearing firms on financial and operational issues.

6. Strategic and Managerial Input

• Advise management on capital adequacy, financing strategies, and the financial impact of new business initiatives.

Who You Are (Must-Haves)

• Bachelor’s degree in Accounting or Finance, CPA preferred. 
• Must have active FINRA Series 27 license  
• 7+ years relevant experience, in self-clearing financial services preferred
• Excellent data analysis and reporting skills
• Strong attention to detail, accuracy, and reliability with the ability to thrive in a fast-paced environment and dedicated home office with minimal daily direction
• Must possess the ability to adapt to a changing business and regulatory environment
• Team orientated with desire to help and support other team members
• Enjoys challenges and taking ownership of new responsibilities