Senior Regulatory Reporting Analyst

Senior Regulatory Reporting Analyst (Broker Dealer)

The Senior Regulatory Reporting Analyst (Broker Dealer) is responsible for preparation of all regulatory filings for registered broker dealer legal entities. This role ensures compliance with SEC and FINRA reporting requirements, including net capital and customer protection rules. The position maintains strong regulatory controls, and partners closely with the Business line to ensure filings are accurate, timely, and defensible.

Broker-Dealer Regulatory Reporting

• Own end-to-end preparation of FOCUS Reports (Part IIA / IIB) and related schedules.
• Own end-to-end preparation and reporting related to SEC Rule 15c3-1 (Net Capital) and SEC Rule 15c3-3 (Customer Protection / Reserve Formula).
• Analyze complex areas including:
  • Netting and allowable vs. non-allowable assets
  • Haircuts and concentration charges
  • Customer reserve computations and deposits
  • PAB vs. customer segregation distinctions
  • Affiliate and intercompany balances
• Assess the impact of new products, business changes, or legal-entity activity on regulatory reporting.

Controls, Governance & Exams

• Maintain and enhance controls supporting broker-dealer regulatory reporting in alignment with SOX/FRR and supervisory procedures.
• Own regulatory reporting narratives, desk procedures, and control documentation.
• Coordinate responses to FINRA, SEC, and internal audit exams, including data requests, findings, and remediation.
• Perform root-cause analysis on reporting issues and lead sustainable remediation.

Cross-Functional Partnership

• Partner across different areas of the business line.
• Act as a starting point of contact for regulatory inquiries and escalations.
• Clearly explain regulatory outcomes, risks, and issues to senior Finance and business leadership.

Process Improvement & Regulatory Change

• Drive automation, standardization, and reduction of manual regulatory reporting processes.
• Lead analysis of regulatory rule changes, interpretive guidance, or FINRA/SEC updates.
• Improve data lineage between source systems and regulatory reports.

Basic Qualifications: Bachelor's degree in accounting or finance, or equivalent work experience. Five to eight years of experience in financial accounting activities.

Preferred Qualifications:

• CPA or equivalent professional certification
• Direct experience with FOCUS filings, net capital computations, and reserve formula calculations
• Prior interaction with FINRA or SEC examiners
• Experience supporting multiple broker-dealer legal entities or complex BD structures
• Exposure to capital introduction, clearing, prime brokerage, or correspondent models
• 2–4+ years of experience in broker-dealer regulatory reporting, product control, financial control, or public accounting (financial services)
• Strong working knowledge of SEC and FINRA broker-dealer regulations
• Experience supporting or responding to regulatory exams
• Obtain FINRA Series 27 license within 120 days of employment

Core Competencies & Skills:

Technical & Regulatory Judgment:

• Deep understanding of broker-dealer balance sheet mechanics
• Strong command of regulatory interpretation and judgment
• Ability to identify filing and exam risk before submission

Leadership & Communication:

• Clear, concise written and verbal communication
• Comfortable challenging unsupported explanations
• Strong escalation and issue-framing instincts

Control & Execution Mindset:

• Exceptionally detail-oriented with high accuracy standards
• Strong documentation and audit-readiness discipline
• Thrives under regulatory deadlines and scrutiny

This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $86,360.00 - $101,600.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.