Director - Broker Dealer Regulatory Reporting
About Clear Street:
Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets.
We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Clear Street’s proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.
By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.
The Role:
The Director, Regulatory Reporting will be responsible for overseeing the end-to-end regulatory reporting for all domestic entities. This role will ensure accuracy, timeliness, and compliance with regulatory requirements, including SEC, FINRA, and other applicable regimes.
This is a strategic and high-impact role, requiring deep regulatory expertise, operational rigor, and the ability to collaborate across finance, compliance, risk, operations, and technology teams.
Responsibilities:
- Prepare daily 15c3-1 net capital computation for two US broker-dealers (BD) and a securities-based swap dealer (SBSD).
- Weekly and monthly preparation of the 15c3-3 Customer and PAB Reserve calculation - to become daily in January 2026.
- Assist with the preparation of the monthly FOCUS report including the preparation of supporting schedules for non-allowable assets, capital deductions, and haircuts
- Review applicable regulatory rules and related interpretations to assess how the firm should apply in order to maintain compliance.
- Assist with the preparation of other regulatory reports such as SIPC, SSOI, Form Custody, SLS, OBS, 17H, and 13F
- Work closely with clearing and settlement teams to understand trade processing workflows and reconcile the sub-ledger data to the general ledger (NetSuite)
- Lead projects to enhance controls and automate manual processes around critical areas involving regulatory compliance
- Assist with the 17a-5 annual audit including preparing support for footnote disclosures and balance sheet reconciliations to external auditors (Big 4).
- Participate in the research and implementation of new and revised regulatory reporting requirements, as well as the evaluation of regulatory requirements for new products/transactions
Qualifications:
- At least seven (7) years of professional experience in a similar role
- Regulatory accounting experience for a self-clearing BD, FCM, and/or SBSD is required
- The candidate must have a Series 27 and a comprehensive understanding of Net Capital (15c3-1) and Customer Reserve (15c3-3) rules
- Highly proficient in Microsoft Excel with the ability to manage, summarize, and analyze large data sets in an efficient manner
- Ability to work independently and collaboratively in a fast-paced environment
- Highly organized and detailed oriented with an elevated focus on accuracy, completeness, and first-class controls
- Experience with NetSuite, FloQast, and Sigma is preferred but not required
We Offer:
The Base Salary Range for this role is $175,000 - $225,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does not include other factors of total compensation such as bonuses or equity.
At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance. Our belief has always been that we are better as a business when we are all together in person. As such, beginning on January 2, 2023, we are requiring employees to be in the office 4 days per week. In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.
Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.
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