MD, Securities Division

A Bank in New York City is seeking an experienced accounting professional to join their team as either a MD, Securities Division.

Responsibilities:

• Lead financial accounting, reporting, and control activities for a financial services business with trading and investment operations.
• Oversee the accuracy and completeness of financial statements, management reports, general ledger activity, and supporting balance sheet reconciliations.
• Manage monthly, quarterly, and annual close processes, reviewing results, investigating significant variances, and resolving accounting issues.
• Develop and maintain accounting policies, financial controls, and reporting procedures that support accurate and timely financial information.
• Provide senior leadership with analysis of financial results, key business drivers, and areas requiring attention.
• Oversee accounting for securities, derivatives, financing transactions, and other financial instruments, ensuring appropriate treatment under applicable accounting standards.
• Review valuation-related entries, reserves, estimates, and other significant accounting judgments in collaboration with relevant specialists.
• Maintain effective controls over trading balances, investment positions, and related financial exposures.
• Assess the accounting and reporting implications of new products, transactions, and business initiatives.
• Perform other duties as needed.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• 15+ years of progressive experience in accounting, finance, and financial control within financial services, with exposure to broker-dealer or capital markets operations.
• Active CPA license required.
• FINRA Series 27 license preferred, along with a strong understanding of broker-dealer financial and operational requirements.
• Extensive experience overseeing financial control, product control, financial reporting, or corporate accounting for trading and securities activities.
• Strong knowledge of financial instruments, trading products, broker-dealer accounting, balance sheet oversight, and regulatory reporting.
• Thorough understanding of U.S. GAAP and applicable SEC and FINRA requirements; familiarity with IFRS and international reporting standards is a plus.
• Proven ability to manage complex reporting processes, strengthen internal controls, and resolve audit and regulatory findings.