Finance Associate, Regulatory Reporting

Who are we?

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and 
cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-
evolving cryptocurrency landscape.

Impact:

As a Regulatory Reporting / Finance Associate at FalconX, you will be supporting the Chief Financial Officer of FalconX’s regulated swap dealer entity, FalconX Bravo in matters related to accounting, book keeping, regulatory compliance, financial reporting, and financial statement audits. Additionally, you’ll be contributing to enhancements for Accounts Payable processes. 

Responsibilities:

• Prepare daily balance sheet, income statement, and regulatory capital reports for FalconX Bravo
• Oversee the preparation, procedures, and submission of monthly regulatory report filings to the CFTC and NFA for FalconX Bravo
• Identify opportunities to enhance finance reporting processes, including automation of accounting close processes, and implement internal controls to safeguard against potential risks
• Act as point of contact for external auditors, respond to inquiries, and review documentation
• Implement recommendations from audit findings.
• Stay informed about industry trends, regulatory changes, and emerging risks in accounting, financial reporting, and regulatory capital
• Maintain up-to-date knowledge of U.S. regulatory requirements, reporting standards, and relevant US GAAP for financial services
• Support management in preparing materials for regulatory examinations and senior management presentations
• Review and maintain internal policies and procedures for FalconX Bravo.
• Conduct ad-hoc reporting and analytics for FalconX Bravo
• The responsibilities in accounts payable include processing vendor invoices to ensure timely and accurate payment, maintaining vendor relationships, and resolving any billing discrepancies. This also involves preparing and executing payment runs through checks, ACH, and wire transfers while ensuring all activities comply with company policies.
• The role involves reviewing employee expense reports to ensure accuracy and compliance with company policies, as well as reconciling these reimbursements with payments for proper accounting. Additionally, it requires communicating with employees to address any discrepancies or gather additional information as needed.
• The responsibilities in email management include managing and prioritizing emails related to accounts payable, expense reimbursements, and reconciliations. This involves responding promptly and professionally to inquiries from stakeholders and coordinating communication to ensure efficient resolution of issues.
• The audit support role includes providing essential documentation and assistance during both internal and external audits. It also involves helping to implement audit recommendations to enhance financial controls and ensuring compliance with regulatory requirements and company policies.
• The responsibilities for bank reconciliations include performing monthly reconciliations to ensure the accuracy of financial records and investigating and resolving any discrepancies between bank statements and company records. Additionally, this role involves collaborating with the finance team to enhance reconciliation processes.
• The responsibilities for balance sheet reconciliations involve conducting regular reconciliations to verify the integrity of financial data and identifying and resolving any discrepancies during the process. Additionally, this role includes assisting in preparing documentation for financial reporting and audits.
• The role includes accurately recording financial transactions in the general ledger to ensure data integrity and compliance with accounting standards. It involves reviewing and verifying journal entries for accuracy and completeness, as well as collaborating with other departments to resolve discrepancies and support month-end closing activities. Additionally, the role requires maintaining organized records and documentation to facilitate audits and financial reporting.

Success:

• Contribute to building robust in-house capabilities for Finance (including AP) and Regulatory Capital management, streamlining processes, and ensuring accurate financial information is available to all stakeholders
• Demonstrate passion for working in a dynamic business environment, with enthusiasm to learn and grow within the digital assets industry
• Collaborate effectively with all teams to achieve optimal financial outcomes for the organization
• Exhibit strong multitasking abilities, work efficiently under pressure, prioritize tasks, and manage workload to meet internal needs.

Required Qualifications:

• Bachelor's degree in Accounting, Finance, Business, or a related field. Advanced degree or professional certifications (e.g., CPA, CFA) preferred
• At least [3-5 years] of Accounting/Finance experience
• Expertise in broker dealer/swap dealer regulatory reporting is preferred
• Experience working in a financial institution or financial services start-up is preferred
• Proficiency in Microsoft Suite (Excel, Word, PowerPoint) and Google Suite (Google Sheet, Google Doc, Google Slides)
• Familiarity with NetSuite preferred
• Strong analytical skills and attention to detail, with the ability to interpret complex financial data
• Strong understanding of financial and banking products, regulatory requirements, and US GAAP
• Self-motivated, with great initiative and the ability to work independently.
• Maintain a high level of accuracy in all tasks
• Strong verbal and written communication skills, with the ability to present complex concepts clearly
• Prior experience in the cryptocurrency market is advantageous but not required

The base pay for this role is expected to be between $111,000 - $150,000level in the New York City and San Francisco Bay Area.  This expected base pay range is based on information at the time this post was generated. This role will also be eligible for other forms of compensation such as a performance linked bonus, equity, and a competitive benefits package. Actual compensation for a successful candidate will be determined based on a number of factors such as location, skillset, experience, qualifications and the level at which the candidate is hired.

Notice at Collection and Privacy Policy

Applicants located in California and/or applying to a role based in California, please refer to our Notice at Collection and Privacy Policy here .

Inclusivity Statement

FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!

As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.

FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on FalconX. Please inform FalconX’s People team at View email address on swooped.co, if you need assistance with participating in the application process.