Deputy Financial and Operations Principal

International Catalyst Services, LLC; New York (NY); Hybrid; USD 112,000 - 226,000; Full time

Job summary

Join a leading financial services organization as the Deputy Financial and Operations Principal. This pivotal role involves managing operations for regulated entities, ensuring regulatory compliance, and leading the FinOps team in New York City. You will be integral to the financial health and operational efficiency, contributing to audits and compliance initiatives while fostering professional growth within your team.

Benefits

Professional development opportunities

Competitive total rewards package including health benefits

401K savings and retirement programs

Flexible work environment

Qualifications

• Minimum of 10 years of experience in broker dealer or investment advisor setting.
• Series 27 license required.
• Audit experience in public accounting or regulatory environments.

Responsibilities

• Manage and develop the New York FinOps team.
• Coordinate annual financial audits and regulatory filings.
• Ensure compliance with FINRA/SEC regulations.

Skills

Communication

Attention to detail

Organizational skills

Leadership

Problem-solving

Education

Bachelor’s degree in Accounting, Finance, Business Administration, or related field

Job description

We are seeking an experienced professional to join our Controllership team as the Deputy Financial and Operations Principal. This role will be based in New York City or Urbandale, IA. This is a hybrid role that has a requirement of working at least three days a week in the office.

The Deputy Financial and Operations Principal is responsible for managing the New York FinOps team, assisting with the functional management of finance and operations for regulated entities, coordinating annual audits, preparing and filing regulatory documents, reviewing financial records, and ensuring compliance with FINRA/SEC regulations while supporting special projects and initiatives. The role reports to the Financial and Operations Principal who is responsible for the following regulated entities:

MMA Securities LLC ("MMAS"): a registered broker dealer and registered investment advisor engaged in retirement investment advisory consulting and the sale of mutual fund and variable insurance products. MMA Asset Management LLC (“MMA AM”): a registered investment advisor engaged in wealth advisory services. MMC Securities (“MMCS”): a registered broker dealer engaged in Catastrophe Bond underwriting, investment banking and sale of variable insurance products.

This role sits on Controllership’s Financial Reporting and Accounting Policy team and partners with colleagues in New York and Urbandale.

We will count on you to:

• Manage and develop the New York FinOps team, focusing on training and professional growth.
• Support the Financial and Operations Principal in managing the finance and operations of regulated entities.
• Coordinate the annual financial audit with Deloitte, including the preparation of financial statements and regulatory filings.
• Prepare, review, and file various regulatory documents, including but not limited to: FOCUS, SSOI, FORM Custody, Schedule 1, and SIPC.
• Oversee the review of general ledger reconciliations and supporting documentation prepared by the FinOps team, ensuring all discrepancies are addressed and resolved.
• Calculate net capital monthly and as needed for Catastrophe Bond underwritings.
• Collaborate with the Financial and Operations Principal to develop efficient accounting and operational policies and procedures that ensure compliance with FINRA/SEC regulations, with an emphasis on SOX controls and operational excellence.
• Assist the Financial and Operations Principal with special projects and new initiatives.

What you need to have:

• Bachelor’s degree, ideally in Accounting, Finance, Business Administration, or a related field.
• A minimum of 10 years of experience in a broker dealer or registered investment advisor setting and a strong understanding of US GAAP.
• Series 27 license.
• Audit experience in public accounting, internal audit, or as a regulatory examiner

What makes you stand out?

• Excellent communication skills, with the ability to effectively interface with senior management, business leaders, producers, carriers, mutual fund companies, and the FinOps team across two office locations (NYC and Urbandale), as well as with Controllership, Compliance, Legal, and Treasury departments; must be comfortable and confident engaging with colleagues at all levels.
• Strong attention to detail, commitment to accuracy, and highly organized.
• Resilient and persistent in overcoming challenges, demonstrating strong convictions.
• Experience in a small team environment that requires managers to act as player-coaches, with a willingness to engage in hands-on tasks.

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marshmclennan.com, or follow on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [e-mail].

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

The applicable base salary range for this role is $112,900 to $225,500.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.