Sr. Manager, Broker-Dealer Financial Operations & Controls

About Betterment Betterment is a leading, technology-driven financial services company that offers investing and retirement solutions for retail investors and investment advisors as well as financial wellness solutions, including a 401(k) for small and medium-sized businesses. Our team is passionate about our mission, to empower people to build wealth with confidence and ease . We’re headquartered in NYC and offer hybrid NY-based positions (Four days/ week in-office). About the role The Firm Operations Team at Betterment oversees and operates Betterment’s broker-dealer entity that safeguards over $65B in assets for over one million customers. The team is responsible for firm-level dividend and corporate action processing, reconciliations, design and operation of internal controls, and regulatory and financial reporting to maintain compliance with relevant FINRA and SEC financial responsibility rules. The team works collaboratively across departments to improve and automate processes, as well as owns the relationships with various third parties including the broker-dealer’s auditors, clearing firm, and banking institutions. As Senior Manager of Broker-Dealer Financial Operations and Controls you will play a pivotal role in overseeing and managing all financial and operational aspects of our broker dealer business. You will collaborate cross-functionally to ensure compliance with industry regulations, maintain accurate financial records, and optimize operational processes to support our growth. This role is based out of our NYC office. For jobs based out of our NYC HQ, we require in office attendance Monday through Thursday, weekly. Below we've reflected the base salary range we would offer for this position. Actual salaries may vary depending on factors including but not limited to location, experience, and performance. The range listed is just one component of Betterment’s total compensation package for employees. New York City: $135,000 - $160,000 We offer a competitive equity package, health, dental and vision benefits, life and ADD, short-term and long-term disability insurance, EAP, commuter and parking benefits FSA/HSA, and 401(k) with employer match as well as a flexible PTO policy. This job may also be eligible for variable compensation in the form of a company incentive bonus. A day in the life The ideal candidate for this role will possess a strong understanding of broker-dealer operations, financial reporting, and regulatory compliance, particularly in financial services and technology. They are comfortable in a spreadsheet, talking to auditors and regulators, and working with our Product and Engineering teams to build out new products. On any given day you will: Complete and oversee daily reconciliations, investigating and resolving any breaks Monitor firm liquidity and net capital, overseeing all transactional processes including money movements and securities processing Enhance, implement, and execute against additional controls related to broker dealer compliance Work with the FINOP to prepare and file weekly, monthly, and annual reporting, such as Reserve Calculations, Net Capital Computations, and year-end financial packages Act as main counterpoint with auditors for our annual broker-dealer reviews What we’re looking for Bachelor’s or Master's Degree in Accounting CPA License Series 27 or ability to rapidly obtain Minimum of 5+ years of accounting experience in public accounting, preferably in audit Experience working with a FINOP at a broker-dealer or clearing firm is a plus Strong experience with financial reporting Ability to work independently and manage multiple priorities in a fast-paced environment Exceptional communication skills, both written and verbal What being at Betterment means for you We change lives Join a community of innovators working to transform financial outcomes for real people. Your work will make an impact, always laddering up to our mission: making people' ... (truncated, view full listing at source)