VP Broker Dealer Regulatory Reporting

Description

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We are seeking a highly experienced and detail-oriented VP candidate to support our Broker-Dealer Regulatory Reporting team. This role is responsible for the preparation, review, and oversight of all SEC financial responsibility rule reporting, including net capital computations under Rule 15c3-1 and the customer protection reserve formula under Rule 15c3-3. The VP will serve as a subject matter expert across regulatory reporting disciplines and will partner closely with business partners to ensure full compliance with applicable SEC and FINRA requirements, requires both technical mastery of the rules and strong operational judgment.

Net Capital & Customer Protection (Rule 15c3-1 & 15c3-3)

• Oversee the daily and monthly net capital computations under SEC Rule 15c3-1, ensuring accurate haircut calculations, deductions, and allowable asset classification.
• Direct the preparation and review of the weekly customer reserve formula computation and PAB reserve formula under Rule 15c3-3.
• Manage the timely funding of the Special Reserve Bank Account and ensure all deposits/withdrawals are executed in accordance with Rule 15c3-3 requirements.
• Monitor and analyze changes in net capital levels, reserve requirements, and related metrics; escalate issues to senior management as appropriate.

Technology & Systems

• Leverage regulatory reporting platforms—including BPS (Broadridge Processing System) and Axiom SL—to streamline data aggregation, computation, and reporting workflows.
• Partner with Technology teams to enhance system controls, automate manual processes, and improve data integrity across the regulatory reporting infrastructure.
• Evaluate and implement improvements to reporting systems, internal tools, and reconciliation processes.

Control/Governance and Change Management

• Serve as a subject‑matter expert during business change initiatives (e.g., client migrations, product launches, booking‑model changes, system conversions, or legal‑entity reorganizations).
• Assess regulatory capital and reserve impacts of new activities, financing structures, or balance‑sheet movements and provide clear guidance to stakeholders.
• Design and maintain strong control frameworks around regulatory capital and reserve processes, including key reconciliations, tolerance thresholds, and documented review evidence.

Required

• Bachelor's degree in accounting, Finance, or a related field.
• 7–12+ years of experience in broker‑dealer regulatory reporting, financial control, or regulatory capital functions.
• Deep, hands-on expertise with SEC Rule 15c3-1 (Net Capital) and Rule 15c3-3 (Customer Protection), including computation mechanics, exemptions, and compliance obligations.
• Demonstrated experience preparing and reviewing FOCUS Reports and other FINRA/SEC financial filings.
• Strong understanding of broker-dealer operations, including securities clearance and settlement, margin, prime brokerage, and securities lending.
• Excellent analytical, organizational, and communication skills with ability to present complex regulatory matters to senior stakeholders.

Preferred

• Proficiency with BPS (Broadridge Processing System) for regulatory data processing and net capital reporting.
• Experience with Axiom SL regulatory reporting platform, including configuration, data mapping, and report generation.
• Series 27 (Financial and Operations Principal) license, or willingness to obtain.
• Experience supporting prime brokerage, clearing businesses and/or arranged financing activities.
• Prior VP‑level responsibility or demonstrated readiness to operate independently in a senior individual‑contributor role.

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.

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 . Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.