Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

TD Securities

Pay Detail:

170,000 - 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:

The Director of Broker-Dealer Regulatory Reporting is responsible for overseeing all U.S. regulatory financial reporting and capital compliance for the broker-dealer. This role ensures accurate, timely, and compliant filings under SEC and FINRA rules, with primary responsibility for SEC Rules 15c3-1 (Net Capital) and 15c3-3 (Customer Protection Rule). The Director serves as a key subject-matter expert and liaison with regulators, auditors, and internal stakeholders across Finance, Operations and Compliance.

Key Responsibilities

Regulatory Capital & Customer Protection

Own and oversee compliance with SEC Rule 15c3-1 (Net Capital), including daily net capital computations, early warning thresholds, stress scenarios, and regulatory capital planning.

Own and oversee compliance with SEC Rule 15c3-3, including customer reserve formula calculations, possession-or-control requirements, account classifications, and exemption analyses (e.g., paragraph 74/78, k(2)(ii)).

Review and approve reserve computations, special reserve bank account activity, and related reconciliations.

Assess the regulatory impact of new products, business initiatives, and operational changes.

Lead, mentor and develop a team of Regulatory Reporting junior staff members.

Regulatory Filings & Reporting

Oversee preparation, review, and submission of all required regulatory filings, including but not limited to:

FOCUS Reports, Supplemental Liquidity Schedules (SLS), FR 2004

Audited financials supplemental regulatory information and footnotes

SIPC filings

FINRA and SEC ad-hoc requests

Ensure consistency between regulatory filings, US GAAP financial statements, and internal management reporting.

Manage regulatory reporting calendars, controls, and documentation to ensure timeliness and accuracy.

Audit & Regulatory Interaction

Serve as primary point of contact for external auditors on regulatory capital, customer protection, and related audit matters.

Lead responses to regulatory examinations, inquiries, and deficiency letters from SEC, FINRA, and other regulators.

Draft formal regulatory correspondence, interpretive memos, and responses to audit findings, including remediation plans where required.

Controls, Governance & Risk Management

Design, implement, and maintain a robust control framework over regulatory reporting, including documentation of key controls, review procedures, and evidence standards.

Partner with Compliance and 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 regulatory reporting.

Qualifications

Bachelor’s degree in Accounting, Finance, or related field.

10+ years of experience in broker-dealer regulatory reporting, capital management, or financial control roles.

Hands-on expertise with SEC Rules 15c3-1 and 15c3-3.

Extensive experience preparing and reviewing FOCUS reports and other SEC/FINRA regulatory filings.

Strong understanding of broker-dealer operations, settlement processes, margin, financing transactions (repo, stock borrow/loan), and customer account structures.

Proven experience interacting with external auditors and regulators.

The Director, Specialized Finance Group Manager, TDS manages a team of Finance professionals and related processes and activities for a specialized area, operational unit, centre of expertise or finance discipline.

Depth & Scope:

Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required

Oversee and lead a large and/or highly complex and diverse reporting function for an area of significant risk, complexity or scope while growing talent, developing skills and capabilities to achieve career goals, support project / initiative success and achieve business results

Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise

Manages and oversees the overall discipline and strategy for the respective areas while aligning to the enterprise best practices

Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise

Strategic partner to leadership team on the management of the portfolio and financials, with deep industry, external / internal, enterprise knowledge, recognizing and anticipating emerging trends and; identifying operational efficiencies and opportunities with other business management / enterprise areas

Facilitates key strategic discussions and provide thought leadership to executive audience (output may include strategic roadmap and/or deliverables/ frameworks/ short to long term goals etc.)

Sets operational team direction and collaborate with others to execute on common goals

Focus on longer-range planning for functional area (e.g. 12 months or greater)

Education & Experience:

Undergraduate degree and/or

10+ years of relevant experience preferred

Accounting or financial designation preferred

People Management experience

Customer Accountabilities:

Develops and maintains good relationships with key business / finance partners and other stakeholders and effectively communicates relevant / meaningful recommendations on a range of specialized finance management issues or related operational processes 

Liaises and effectively interacts with internal / external auditors / regulators where applicable and ensures appropriate action is taken where required

Acts as subject matter expert for own area and provides guidance/ advice and recommendations to support dealings with internal / external partners 

Contributes to the analysis, due diligence and execution of potential business restructuring, acquisitions, joint ventures and /or divestitures within own area of responsibility and ensures appropriate Finance areas are involved where necessary  

Develops and/or assesses significant business cases / new initiatives applying expertise and ensuring criteria for own area are met (e.g., taxation, accounting practices, forecasted rates of return, evaluate outcomes, test assumptions, interface with others for appropriate input, identify benchmarks)

Manages / coordinates client requests for finance support and/or reports, ensuring that solutions balance and address business partner needs with overall Finance capabilities. Participates on internal / external committees as appropriate to provide advice / counsel to business / finance partners and/or represent TD's interests 

Shareholder Accountabilities:

Works closely with key business leaders to achieve business objectives, ensuring the optimal use of resources and leverages TD’s operating model to maximize efficiency, effectiveness and scale

Plans and executes on strategic activities, reviews and communicates results, and adjust tactics accordingly

Executes on the annual business plan to deliver results aligned with business strategies

Manages overall budget, revenue and expenditures, meets business objectives while increasing efficiency and effectiveness

Proactively identifies key business opportunities, researches and recommends enhancements / modifications, develops strategies to achieve recommendations and works closely with team to execute and implement

Monitors and communicates the effectiveness of strategies, programs, and practices related to own area of expertise

Protects the interests of the organization – identifies and manages risks, and escalates non-standard, high risk transactions / activities as necessary

Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts

Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite

Ensures employees are knowledgeable; and assumes responsibility to minimize operational and regulatory risk by complying with Bank and industry Code of Conduct

Employee/Team Accountabilities:

Cultivates and models the Colleague Promise to support colleague growth, and a culture of care; makes an impact at work and in our communities by leading with authenticity and supporting well-being to represent TD's brand

Connects the alignment of colleague's contributions with the TD Shared Commitments 

Builds and retains an engaged and diverse team that embraces diversity of thought, creativity and curiosity; where every colleague and customer are valued, respected, and listened to; committed to a common goal and collaborate to move with speed and get things done

Demonstrates inclusive leadership by taking meaningful action with intention to support colleagues and customers across all dimensions of diversity, including those from underrepresented communities, being actively anti-racist, attracting and retaining diverse slate of candidates, nurturing mutual respect, inclusivity of thought and collaboration to drive successful results

Sustains, identifies strong talent, recruits and develops a diverse talent pipeline of qualified workforce to innovate and maximizes individual strengths to lead to a better business outcome

Enables colleague growth by encouraging colleague development to achieve career and business objectives; ensuring timely feedback, motivating appreciation and recognition to all colleagues

Enables a continuous learning culture by proactively seeking, listening to and actioning feedback from peers and from colleague listening opportunities to continuously improve the colleague experience and grow your personal leadership

Fosters an environment that promotes sharing of knowledge, information, skills, and subject matter expertise among the team; ensures timely management and escalation of issues and creates opportunities to collaborate with other functions and teams

Leads your team through change and create an environment where teams feel psychologically safe to challenge current practices by modeling resiliency and flexibility, communicating a compelling vision with clarity and empowering colleagues

Contributes to the development of business segment and/or enterprise functional strategic priorities within their operational area or field of specialty that drive results

Develops annual and/or long-term plans for own area that are aligned with enterprise-wide priorities, reinforcing a focus on results that align to One TD

Fosters a high-performance culture by setting team targets and objectives, promoting and facilitating on-going feedback/coaching and conducting Quarterly Check-Ins for all colleagues to drive accountability and business results

Manages employees in compliance with all human resources policies, procedures and guidelines of conduct

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

Domestic Travel – Occasional

International Travel – Never

Performing sedentary work – Continuous

Performing multiple tasks – Continuous

Operating standard office equipment - Continuous

Responding quickly to sounds – Occasional

Sitting – Continuous

Standing – Occasional

Walking – Occasional

Moving safely in confined spaces – Occasional

Lifting/Carrying (under 25 lbs.) – Occasional

Lifting/Carrying (over 25 lbs.) – Never

Squatting – Occasional

Bending – Occasional

Kneeling – Never

Crawling – Never

Climbing – Never

Reaching overhead – Never

Reaching forward – Occasional

Pushing – Never

Pulling – Never

Twisting – Never

Concentrating for long periods of time – Continuous

Applying common sense to deal with problems involving standardized situations – Continuous

Reading, writing and comprehending instructions – Continuous

Adding, subtracting, multiplying and dividing – Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

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.