Financial Reporting Manager

Responsibilities

• Oversee the financial aspects of a registered Futures Clearing Merchant (“FCM”), ensuring compliance with regulatory requirements.
• Responsible for the review of monthly books and records, including financial statements, regulatory filings, net capital requirements, and other ongoing deliverables.
• Ensure compliance with net capital requirements of the FCM in accordance with the FINRA Net Capital Rule 15c3-1 by:
• Having an in-depth understanding of the net capital requirements.
• Being well-informed about the Company’s expected activities (new products, withdrawals, and other plans).
• Reviewing intraday and end-of-day net capital computations, and properly notifying management of potential and actual noncompliance.
• Perform financial analysis for various needs, including budgeting and forecasting of business results, as well as responding to inquiries both internally and externally.
• Responsible for the oversight and preparation of the Company’s annual US GAAP audited financial statement and liaising with external auditors on audit and US GAAP-related matters.
• Provide ongoing support for NFA/CME regulatory examinations.
• Responsible for the enhancement, testing, and maintenance of the net capital calculation tool in collaboration with other internal teams.
• Ensure all required month-end reconciliations are performed and reviewed.
• Review relevant sections of the Company’s compliance manual.
  
  

Qualifications

• 10 years of experience in financial services.
• Expertise and in-depth knowledge/understanding of the regulatory requirements for a Futures Clearing Merchant (“FCM”) or Broker/Dealer.
• Experience with the rules and requirements for an FCM, including Form 1-FR-FCM filings and instructions, CFTC rules, and other relevant guidance.
• Experience managing and handling regulatory examinations and interacting with regulators.
• Strong communication skills, with the ability to work with other teams, including Finance, Compliance, Legal, Treasury, Operations, and IT.
• Strong documentation skills.
• Detail-oriented with the ability to track deadlines effectively.
• CPA license preferred.
• FINRA’s Series 27 or Series 28 license preferred.
  
  

The estimated base salary range for this position is $70,000 to $160,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.