Director, Accounting & Regulatory Reporting

Company Background

BTG Pactual US Capital, LLC is the U.S. broker-dealer platform of BTG Pactual, operating as a dually registered SEC broker-dealer and CFTC-registered introducing broker. The firm is a member of FINRA and SIPC, and conducts business across agency brokerage, proprietary trading, capital markets and placement activity, M&A advisory, equity research, repo/reverse repo, structured products, and cross-border securities distribution (the latter facilitated through Rule 15a-6 chaperoning arrangements with BTG Pactual affiliates across Latin America). 

The US BD currently operates on an introducing (fully disclosed) basis, clearing its domestic business through third party clearing brokers and international business through BTG Pactual affiliates in Latin America. It relies on the Rule 15c3-3 exemptions under subparagraphs (k)(2)(ii) (domestic fully disclosed business) and (k)(2)(i) (foreign securities), and computes net capital under the Alternative Method. 

For fiscal year 2025, the firm reported total revenues of $140.5 million (Principal transactions $48.7M; Commissions $46.9M; Placement fees $23.4M; Client asset-based fees $11.9M; Research $3.1M), total member’s equity of $135.1 million, and net capital of $75.7 million against a $250,000 regulatory minimum — an excess of $75.4 million. The firm currently pays approximately $20.3 million annually in clearance and brokerage fees to its clearing brokers. 

Position overview

The Director will be a hands-on technical leader within the Finance function, owning net capital, regulatory reporting, and U.S. GAAP financial reporting for the broker-dealer, while also managing and developing the existing team. Consistent with the firm’s flat, meritocratic culture, this is a “player-coach” role: the Director is expected to remain directly involved in the underlying work — not simply delegate and review. 

Key Responsibilities

• Own and review the firm’s net capital computation (Rule 15c3-1) and manage the firm’s current Rule 15c3-3(k) exemption determinations and monthly FOCUS Report filings; the full reserve and possession-or-control computations under Rule 15c3-3 are not applicable under the firm’s current introducing-broker model and would only become applicable if and when the firm transitions to self-clearing. 

• Prepare and review U.S. GAAP financial statements and supporting schedules (Statement of Financial Condition, Operations, Changes in Member’s Equity, Cash Flows) for the annual X-17A-5 filing. 

• Manage the relationship with external auditors and coordinate the annual audit, exemption report, and related compliance review processes. 

• Partner with Compliance and Operations to remediate and prevent exemption exceptions and to strengthen the control environment ahead of the planned transition to self-clearing. 

• Lead technical accounting analysis for new products and business lines, including structured products, repo/reverse repo, and expanded international securities activity. 

• Support the CFO on the firm’s clearing-broker transition project, including net capital modeling, build-out of the customer reserve formula, and broader regulatory readiness work. 

• Manage and develop a team of 1 Associate Director and 2 Analysts, including coordination of the Brazil-based outsourced resources, ensuring quality and timeliness across all deliverables. 

• Drive automation and process efficiency using Excel, PowerPoint, and AI-enabled tools to reduce manual work in reporting, reconciliations, and month-end close. 

• Serve as a key point of contact with head office in Brazil on accounting policy, reporting, and consolidation matters. 

• Support regulatory examinations and inquiries (SEC, FINRA, CFTC/NFA) and internal audit requests as needed. 

Required Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field. 

• Deep, hands-on expertise in U.S. broker-dealer accounting and net capital / customer reserve computations under SEC Rules 15c3-1 and 15c3-3. 

• Substantial, progressive experience in broker-dealer finance and regulatory reporting (introducing or clearing broker-dealer environment, Big 4/audit practice serving broker-dealers, or a regulator such as FINRA/SEC). 

• Strong Excel and PowerPoint skills, and comfort adopting AI-enabled tools to automate manual processes and improve efficiency. 

• Demonstrated people-management experience, including managing distributed or outsourced team members. 

• Excellent communication and interpersonal skills; comfortable operating in a flat, high-accountability culture and communicating regularly with global head-office stakeholders. 

• Ability to manage multiple concurrent projects under pressure, with strong attention to detail and organizational skills. 

Preferred Qualifications

• CPA is a plus but not required. 

• Series 27 (Financial and Operations Principal) is a plus; if not currently held, certification will be required within the first year of employment. 

• Portuguese language proficiency is strongly preferred given daily coordination with head office in Brazil; Spanish proficiency may also be considered. 

• Prior experience with a broker-dealer’s transition from introducing to self-clearing, or direct experience with clearing-broker regulatory reporting (e.g., the full customer reserve formula, possession or control requirements). 
• Experience preparing FOCUS Reports and exemption reports. 

Candidate Profile & Culture Fit 

BTG Pactual’s culture is built on a Meritocratic Partnership model and a horizontal management structure, emphasizing intellectual capital, entrepreneurship, and meritocracy. The firm’s values — integrity, responsibility, simplicity, nonconformism, and dedication — are central to how it operates and are treated as core, not aspirational. 

• A genuinely hands-on operator willing to execute individual tasks personally, not solely a people-manager — this is a cultural expectation, not just a role requirement. 

• Entrepreneurial, low-ego, and comfortable in a flat structure where seniority is earned through contribution rather than title. 

• Resilient and adaptable, given rising business complexity and the pending clearing-broker transition.

Compensation

Base salary ranging from $160,000 to $210,000 , plus performance-based bonus.

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