Finance Associate, Regulatory Reporting at FalconX

San Francisco, California, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

FinTech, Cryptocurrency, Financial ServicesIndustries

Requirements

Up-to-date knowledge of U.S. regulatory requirements, reporting standards, and relevant US GAAP for financial services

Responsibilities

Prepare daily balance sheet, income statement, and regulatory capital reports for FalconX Bravo
Oversee the preparation, procedures, and submission of monthly regulatory report filings to the CFTC and NFA for FalconX Bravo
Identify opportunities to enhance finance reporting processes, including automation of accounting close processes, and implement internal controls to safeguard against potential risks
Act as point of contact for external auditors, respond to inquiries, and review documentation
Implement recommendations from audit findings
Stay informed about industry trends, regulatory changes, and emerging risks in accounting, financial reporting, and regulatory capital
Maintain up-to-date knowledge of U.S. regulatory requirements, reporting standards, and relevant US GAAP for financial services
Support management in preparing materials for regulatory examinations and senior management presentations
Review and maintain internal policies and procedures for FalconX Bravo
Conduct ad-hoc reporting and analytics for FalconX Bravo
Process vendor invoices to ensure timely and accurate payment
Maintain vendor relationships and resolve billing discrepancies
Prepare and execute payment runs through checks, ACH, and wire transfers while ensuring compliance with company policies
Review employee expense reports for accuracy and compliance with company policies
Reconcile employee reimbursements with payments for proper accounting
Communicate with employees to address discrepancies or gather additional information
Manage and prioritize emails related to accounts payable, expense reimbursements, and reconciliations
Respond promptly and professionally to inquiries from stakeholders and coordinate communication for efficient issue resolution
Provide essential documentation and assistance during internal and external audits
Help implement audit recommendations to enhance financial controls and ensure compliance
Perform monthly bank reconciliations to ensure accuracy of financial records
Investigate and resolve discrepancies between bank statements and company records
Collaborate with the finance team to enhance reconciliation processes
Conduct regular balance sheet reconciliations to verify the integrity of financial data
Identify and resolve discrepancies in balance sheet reconciliations

Skills

Key technologies and capabilities for this role

AccountingBookkeepingRegulatory ComplianceFinancial ReportingUS GAAPCFTCNFARegulatory CapitalBalance SheetIncome StatementInternal ControlsAudit SupportAccounts Payable

Questions & Answers

Common questions about this position

What are the main responsibilities of the Finance Associate, Regulatory Reporting role?

The role involves preparing daily balance sheet, income statement, and regulatory capital reports; overseeing monthly regulatory filings to the CFTC and NFA; enhancing finance processes; acting as point of contact for auditors; and handling accounts payable tasks like processing invoices, expense reports, and email management.

What skills or knowledge are required for this position?

Candidates need up-to-date knowledge of U.S. regulatory requirements, reporting standards, and US GAAP for financial services, along with skills in accounting, bookkeeping, regulatory compliance, financial reporting, and process automation.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What kind of company culture does FalconX have?

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to crypto markets at the intersection of traditional finance and cutting-edge technology.

FalconX

Institutional crypto trading platform for financial institutions

About FalconX

FalconX is an institutional crypto trading platform that simplifies the trading of digital assets like Bitcoin and Ethereum for financial institutions. It provides clear price discovery and efficient trade execution, allowing clients to trade without concerns about hidden fees. The platform is trusted by major financial institutions and offers tailored services such as trade execution, credit, and treasury management. FalconX aims to deliver a reliable and comprehensive trading experience for institutional investors in the digital asset market.

San Mateo, CaliforniaHeadquarters

2018Year Founded

$415.4MTotal Funding

SERIES_DCompany Stage

Fintech, Crypto & Web3Industries

201-500Employees

Benefits

Hybrid Work Options

Performance Bonus

Company Equity

Risks

Increased competition in crypto derivatives could pressure FalconX's profit margins.

Regulatory scrutiny may impact the adoption of FalconX's auto-liquidation service in APAC.

Expansion into FX market may lead to integration challenges and operational risks.

Differentiation

FalconX eliminates slippage and hidden fees using advanced data science techniques.

The platform is trusted by major financial institutions for its reliability and effectiveness.

FalconX offers a comprehensive suite of services tailored for institutional clients.

Upsides

Acquisition of Arbelos Markets strengthens FalconX's position in the crypto derivatives market.

Launch of auto-liquidation service enhances capital efficiency for APAC crypto miners.

New FX desk in London expands FalconX's service offerings into traditional markets.

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