Posted on Friday, June 2, 2023
Vested is seeking a licensed Series 27 Assistant Financial & Operations Principal to maintain the books and records of our new US broker-dealer and existing US investment advisor subsidiaries, ensure the accuracy of our financial statements, comply with applicable net capital rules, and make timely submission of all financial regulatory reports. This role will report directly with the COO/CFO and work to develop and implement new processes to help address risks while allowing for scalability.
You are not expected to have experience with all listed requirements. If you feel passionately about Vested's mission, vision and values, please apply.
Remote (based in the US)
Introduce yourself and become integrated with the Accounting team.
Develop relationships with the Compliance, Product, and Operations teams.
Learn the current processes for performing all of the day-to-day record-keeping and regulatory reporting functions for our broker-dealer and investment advisor subsidiaries, and maintain standard operating procedures and documentation for all processes, inclusive of the design, implementation, and operating effectiveness of controls.
Understand the relationships between Vested’s corporate entities and how our broker-dealer and investment advisor entities interact with each other, as well as with other entities.
Maintain and verify the books and records derived from accounting and customer databases.
Manage the preparation of and review all regulatory filings, ensuring accuracy of the information reported, and timely filing by all deadlines.
Assess all processes for best-practice improvements and continued regulatory compliance, as well as implement adjustments to processes and procedures to strengthen identified areas of risk and control gaps as needed.
Be responsible for performance and oversight of all day-to-day FinOp responsibilities.
Reduce the overall involvement of our outside FINOPs firm
Act as subject matter expert on all Accounting, Financial and Operational processes and requirements for our broker-dealer entity, including providing training and guidance to the Accounting, Customer Support, Compliance, Engineering, Product and Operations teams for existing and new products as needed.
Be able to design and implement processes and procedures to continue to make the department more efficient and scalable while maintaining compliance.
Be the primary point of contact with internal and external financial and regulatory auditors as it relates to the financial operations of our broker-dealer and investment advisor entities.
Provide input on the design, development, and improvement of existing internal systems, and respond to the challenges commensurate with the changing environment of financial compliance.
Assist in the further development and application of proprietary financial reporting and customer ledger software.
Assist in the identification and development of new products, including the infrastructure, policies, and services to meet those needs.
Complete special projects and other duties as needed.
Passionate about Fintech.
Driven to learn fast, be creative, and win as a team.
Experience in financial services, with 4+ years of retail broker-dealer experience, working as or for a Series 27 licensed FinOP.
Series 27 or 28 license required.
Series 7 and 24 strongly preferred.
Strong understanding and background with internal controls and compliance.
Experience with large volumes of data and transactions preferred.
Excellent written and oral communications skills.
Ability to problem solve and provide solutions.
Self-starter with ability to work independently, but unafraid to ask questions.
High degree of accuracy and attention to detail.
Ability to communicate clearly and effectively with people in financial and non-financial roles, including executives.
Ability to influence, challenge, and support senior leadership. Experience balancing cross-functional stakeholders pushing in different directions. This role will reward entrepreneurial and creative problem solvers who approach challenges with curiosity and a solutions-oriented mindset.