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Financial Specialist - Capital & Liquidity (CFO Regulated Entities) - Finance & Administration



Accounting & Finance
New York, NY, USA
Posted on Saturday, March 16, 2024

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What’s the role?

At Bloomberg Finance we are committed to providing extraordinary support to our business partners by providing insight on business performance, financial oversight and thought leadership.

We are currently seeking a Capital and Liquidity Senior Specialist in the Enterprise Products division to support the CFO Regulated Entity group. The team provides critical accounting and financial services to Bloomberg’s electronic trading platform regulated entities. As a member of this team, you will have the opportunity to perform a unique blend of accounting and reporting functions for a fast-paced and cutting-edge business.

We’ll trust you to:

  • Assist in the preparation and documentation of capital planning and liquidity forecasting analysis including (1) stress testing, (2) business model and risk framework alignment, (3) recovery and wind-down planning, (4) harms analysis, (5) governance and (6) related documentation for both UK and Netherlands Multilateral Trade Facilities (MTFs):
  • Investment Firm Prudential Regime (IFPR) for a Non-SNI firm under MIFIDPRU; including own funds requirement / Overall Financial Adequacy Rule (OFAR) compliance
  • Well versed in the UK Companies Act 2006 ("Companies Act"), FCA Handbook (MIFID PRU - prudential sourcebook for MiFID Investment Firms)
  • Review and analysis of the Hong Kong Monetary Authority (HKMA) Return on Information Part II (A) & (B) ROI
  • ICAAP for a Class 2 Firm under Investment Firm Regulation (IFR) and Investment Firm Directive (IFD)
  • Well versed in regulations: Netherlands Authority for Financial Markets (“AFM”), De Nederlandsche Bank (“DNB”), European Securities and Markets Authority (“ESMA”).
  • Review quarterly/semi-annual/annual regulatory reports that are filed with the regulatory bodies in US or foreign jurisdictions including:
  • Review of MiFID Regulatory Reporting for a Multilateral Trade Facility (MTF) / MIFID investment firm including the following FCA returns / report filings:
  • ICARA, capital, liquidity, monitoring metrics, and remuneration reporting, balance sheet, income statement and client money and client asset
  • Regulatory reporting review: (1) IFREP (e.g., owned funds, fixed overheard requirements), (2) FINREP (e.g., Balance Sheet and P&L), (3) MESREP (e.g., other A/R and A/P)
  • Develop processes and approach to keep up-to-date and implement upcoming changes to regulations (e.g., DORA, Reg SCI, Reg ATS)
  • Communicate and collaborate with various business partners which includes Risk, Compliance, Regulatory Controllers, FP&A and other accounting and tax teams
  • Prepare quarterly stress testing and capital forecasting
  • Monitor and report on intercompany agreements to ensure agreements are in line with business growth and expectations
  • Identify and implement process improvements to build efficiencies and strengthened internal controls for Regulatory Finance
  • Enhance policy and procedure documentation and develop regulatory training
  • Oversight assistance of monthly reporting and control processes for multiple legal entities including variance analysis, revenue monitoring and reporting and board packs
  • Oversight of the annual external audit, regulatory audits and the annual and quarterly financial statement preparation and issuance (US GAAP and IFRS)

You’ll need to have:

  • 7+ years of experience in financial analysis
  • A BA/BS in Finance or related field
  • Ability to identify problems, understand the root cause, make recommendations and drive to a solution
  • Strong analytical and critical thinking skills
  • Excellent communication skills with the ability to influence outcomes of issues and projects
  • Experience carrying out complex work with autonomy and make decisions within scope of responsibilities
  • Team player who can work across multiple departments and levels within the company

We’d love to see:

  • Bachelors in Accounting; MBA/CPA/CFA/CIMA
  • Proven experience in MiFID regulatory reporting, statutory reporting, and financial planning & analysis within the financial services industry
  • Knowledge of broker dealer, MTF, ATS, APA or ARM or any regulated industry.
  • Regulated entity reporting, capital and liquidity management
  • Demonstrable ability to communicate with Front Office and Senior Managers within the organization; including legal Entity Board pack preparation and presentation
  • Experience working with product, compliance and legal departments in the implementation of Regulatory policy
  • Strong interpersonal, written and verbal communication skills
  • Ability to produce quality materials within tight timeframes and simultaneously manage several projects
  • Strong organizational skills and ability to prioritize multiple tasks
  • Experience with SAP, Business Warehouse, Hyperion, Microsoft SharePoint
  • Team player with ability to deal with changing priorities

Does this sound like you?

Apply if you think we're a good match. We'll get in touch to let you know that the next steps are, but in the meantime feel free to have a look at: https://www.bloomberg.com/company/what-we-do/

Bloomberg is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of age, ancestry, color, gender identity or expression, genetic predisposition or carrier status, marital status, national or ethnic origin, race, religion or belief, sex, sexual orientation, sexual and other reproductive health decisions, parental or caring status, physical or mental disability, pregnancy or maternity/parental leave, protected veteran status, status as a victim of domestic violence, or any other classification protected by applicable law.

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