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Creand Wealth Management (Beta Capital) · Miami, Florida
Creand Wealth Management is looking for an experienced FINOP to join the team at our Miami office (Brickell) and help drive our continued growth.
Creand (Beta Capital) Wealth Management was founded in 1995 in Miami as broker dealer and investment advisory firm specializing in providing investment advice and trade execution services to individual and institutional investors. Creand (Beta Capital) is part of Crèdit Andorrà Financial Group, Andorra’s largest financial group, with international presence in Spain, Luxembourg, Mexico, Panama and the USA.
The Financial and Operations Principal (FINOP) will be responsible for overseeing the financial and operational compliance of a broker-dealer in accordance with SEC, FINRA, and SIPC regulations. The FINOP serves as the firm's designated financial principal and is accountable for financial reporting, net capital compliance, books and records, regulatory filings, and operational controls. FINRA generally requires broker-dealers to designate a qualified FINOP registered through the appropriate licensing process.
ESSENTIAL
Regulatory Reporting: Prepare and file FOCUS (Part II) (Financial & Operational Combined Uniform Single) reports and other Capital and Customer Reserve Formula and Supplemental FOCUS quarterly reports (Form Custody, SSOI, OBS)
o Oversee daily SEC Rule 15c3-3 reserve formula calculations and monitor the segregation of customer funds and securities.
o Monitoring liquidity constraints and regulatory net capital requirements matching SEC or FINRA oversight criteria.
Good Control location of Assets: to satisfy possession and control requirements.
Clearing & Operations: Handle clearing operations, suspense account management, account reconciliations and liquidity workflows.
Financial Management: Oversee general ledger accounting including payroll and tax filings.
Cash Management: Monitor daily cash flow, bank reconciliations and reserve bank account requirements.
Audit Management: Act as the primary contact for internal and external auditors, as well as regulatory examiners from FINRA and SEC.
Prepare Annual Financial Statements and Notes.
o Responsible for reporting to parent of financials in a timely manner
o Prepare consolidating financial statements for separate LLCs
Oversee daily financial operations including Accounts Payable and Account Receivables.
o Approve payment to vendors
AUM, performance fee billing.
QUALIFICATIONS:
Bachelor’s degree in Accounting, Finance, Business or related field or the equivalent in Broker-Dealer and Registered Investment Advisory experience.
Must have active Series 27 and/or series 28.
5+ years of brokerage accounting, financial control, or regulatory compliance within a self-clearing or carrying broker-dealer.
Proficiency in technical applications needed for carrying out the duties and responsibilities of the position, such as Microsoft Excel.
o SEC rules
o FINRA regulations
o GAAP accounting standards
Native or fluent in Spanish.
Must be very organized and able to handle multiple competing priorities and complete projects on time.
Ability to work effectively in a stress-related environment with ability to work in a team environment.
Ability to handle confidential information and matters with high discretion.
Must be flexible in working after hours during month-end closing.
Knowledge of securities operations, trading, and customer protection rules
Experience with SAS reporting preferred.
We are an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and associates.
Details
| Company | Creand Wealth Management (Beta Capital) |
| Location | Miami, Florida |
| Type | FULL TIME |
| Niche | Full-time |