Regulatory Reporting Manager
U.S. Bank
Legal
Charlotte, NC, USA · St. Louis, MO, USA
USD 98,175-115,500 / year + Equity
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description
The Regulatory Reporting Manager (Broker Dealer) is responsible for overseeing the preparation, review, and submission 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, and serves as the primary escalation point for complex interpretations, filing risks, and regulatory exams. The position manages analysts, maintains strong regulatory controls, and partners closely with the Business Line to ensure filings are accurate, timely, and defensible.
Key Responsibilities
- Broker‑Dealer Regulatory Reporting
Own end‑to‑end preparation, review, and submission of FOCUS Reports (Part IIA / IIB) and related schedules.
Oversee reporting related to SEC Rule 15c3‑1 (Net Capital) and SEC Rule 15c3‑3 (Customer Protection / Reserve Formula).
-
Review 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.
- Management & Leadership
Lead, coach, and develop a team of broker‑dealer regulatory reporting analysts.
Establish clear expectations for quality, documentation standards, and filing discipline.
Perform detailed review and approval of analyst work with a focus on regulatory defensibility.
Ensure appropriate coverage, cross‑training, and continuity for key filings and critical rules.
- 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 key Finance 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 implementation 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
- Eight or more years of experience in financial accounting activities
Preferred Qualifications
Strong working knowledge of SEC and FINRA broker‑dealer regulations
Prior team leadership, review, or informal people‑management experience
Experience supporting or responding to regulatory exams
Obtain FINRA Series 27 (Financial and Operations Principal) license within 120 days of employment
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
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.
#INDMO
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:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
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
Review our full benefits available by employment status here.
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.
E-Verify
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: $98,175.00 - $115,500.00U.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.
