AVP - Cash Reconciliation

Company Overview

Our client is a well-established, Fortune 500 technology-enabled financial services organization experiencing ongoing growth and transformation. The company fosters a collaborative and dynamic culture with strong leadership and opportunities to impact enterprise-level accounting operations.

The Assistant Vice President (AVP), Cash Reconciliation is a senior leadership position within Finance & Operations, accountable for the oversight of daily cash and asset reconciliation functions and for ensuring full compliance with SEC Rule 15c3-3 (Customer Protection Rule).

This role is integral to protecting the firm’s financial and regulatory standing. The AVP leads complex reconciliation and reserve activities, oversees the daily Customer Reserve Calculation, strengthens governance and internal controls, and partners closely with Treasury, Accounting, Compliance, Risk, and Technology. The position requires deep technical expertise, strong regulatory acumen, and proven people leadership in a high-volume broker-dealer environment.

• Cash & Asset Reconciliation
  • Direct the end-to-end daily reconciliation of cash, clearing, suspense accounts, and asset positions across custodians and trading platforms
  • Review, investigate, and resolve breaks, exceptions, and aged items in line with internal policies and FINRA/SEC requirements
  • Oversee interest activity, corporate actions, and other cash-related movements
• Daily Customer Reserve Calculation (SEC Rule 15c3-3)
  • Oversee the preparation, review, and validation of the daily Customer Reserve Formula calculation to ensure regulatory compliance
  • Validate segregation requirements, debit/credit calculations, and proprietary balance treatments
  • Partner with Treasury, Accounting, and Regulatory Reporting to ensure timely funding and release of Reserve Bank Accounts
  • Ensure robust documentation, approvals, controls, and audit support for reserve processes
  • Identify, escalate, and remediate discrepancies, system issues, or calculation variances
• Accounting & Month-End Close
  • Review and approve journal entries, including cash reclassifications and interest accruals (daily/monthly)
  • Perform monthly account certifications and balance sheet reconciliations
  • Provide monthly and quarterly balance sheet and income statement variance analysis
  • Support internal and external audit engagements
• Governance, Controls & Compliance
  • Maintain and enhance internal controls supporting cash, asset, and reserve operations
  • Partner with Internal Audit, Compliance, and Risk during audits, examinations, and regulatory inquiries
  • Ensure ongoing adherence to SEC, FINRA, and internal policy requirements
• Team Leadership & Talent Development
  • Lead, mentor, and develop a team of reconciliation analysts and senior specialists
  • Allocate resources to meet critical daily processing and regulatory deadlines
  • Promote a culture of accuracy, accountability, risk awareness, and continuous improvement
• Systems & Process Optimization
  • Drive automation and operational efficiencies across reconciliation and reserve workflows
  • Lead UAT efforts, system enhancements, data validation initiatives, and performance improvements
  • Collaborate with Technology to perform root-cause analysis and resolve system-related issues
• Reporting & Stakeholder Engagement
  • Deliver daily, weekly, and monthly reconciliation and reserve reporting to senior leadership
  • Escalate material reconciliation issues or reserve variances that pose financial or regulatory risk
  • Support regulatory filings and financial reporting requirements

• Bachelor’s or Master’s degree in Finance, Accounting, Business, or a related discipline
• 8+ years of experience in finance, accounting, cash reconciliation, broker-dealer operations, or financial controls
• Series 99 license (or ability to obtain within 120 days of hire)
• Expertise in SEC Rule 15c3-3 and broker-dealer regulatory requirements
• Demonstrated experience leading teams or managing senior-level analysts
• Advanced Excel proficiency and experience with reconciliation platforms
• Experience with Oracle, BETA, Kyriba, or similar broker-dealer systems preferred
• Prior ownership of Customer Reserve Calculations a…