Chief Operating Officer (Brokerage)

Location: Fort Worth, Texas

Reports To: Group CEO

About the job

Join Doo Group – Explore α Better Future

We are a dynamic and growing Carrying Broker-Dealer headquartered in Fort Worth, Texas, committed to providing superior clearing, custody, and operational services to institutional clients and high-net-worth individuals. Our mission is to deliver innovative, compliant, and customized financial solutions with a strong focus on Texas market opportunities, including energy sector trading and private placements.

We are looking for an experienced, highly motivated CEO / COO or Director to lead our Carrying Broker-Dealer operations with full accountability spanning compliance, regulatory management, risk oversight, business development, and financial control. This is a hands-on executive role requiring deep expertise in SEC/FINRA rules for Carrying BDs, exceptional leadership capabilities, and the ability to implement strategic growth plans in a localized Texas market context.

What you’ll be working on:

Compliance & Regulatory Oversight (Critical for Carrying Broker-Dealer)

• Serve as the **SEC/FINRA-Designated Principal**, ensuring our firm’s strict adherence to essential Carrying BD requirements, including:
• Net Capital Rule (Rule 15c3-1): Proactively monitor capital adequacy in real-time to avoid any regulatory breaches or Early Warning notices.
• Customer Protection Rule (Rule 15c3-3): Oversee segregation, safekeeping, timely reconciliation of client funds and securities, and compliance audits to protect customer assets.
• Clearing & Settlement: Manage end-to-end clearing firm relationships, ensure smooth CNS and balanced settlement processes, and oversee operational integrity.
• Lead ongoing communications and filings with the **Texas State Securities Board**, including registrations, exemption filings, and other regulatory submissions pertinent to our operations.

Operations & Risk Management

• Customer Asset Protection Risks: Implement and oversee safeguards to ensure proper segregation, accounting, and protection of client funds and securities in compliance with **SEC Rule 15c3-3**, including controls to prevent misappropriation and operational errors (e.g., error account monitoring, timely reconciliations).
• Supervise key technology platforms including clearing systems (e.g., Pershing, Apex), order routing and trading infrastructures (e.g., FIX protocol connectivity), and ensure comprehensive disaster recovery/business continuity planning.
• Enforce stringent **AML policies and procedures**, conduct direct review of Suspicious Activity Reports (SARs), and ensure full compliance with FinCEN regulations and state-level anti-fraud laws.

Business Development - Texas-Centric Strategy

• Lead growth initiatives targeting institutional clients such as hedge funds, Registered Investment Advisors (RIAs), and family offices, emphasizing clearing, margin lending, and securities lending offerings.
• Drive localized business opportunities in Texas, focusing on sectors like energy trading, private placements, and regionally significant asset classes.
• Foster and maintain strategic partnerships within the Texas financial ecosystem to expand footprint and service capabilities.

Finance & Team Leadership (Hands-On Management)

• Serve as Financial and Operations Principal (**FinOp**) with key responsibilities including:
• Accurate and timely preparation of monthly FOCUS Reports (Parts II/IIA) in compliance with SEC/FINRA requirements.
• Oversight and management of margin accounts and repo transaction risks to ensure capital utilization aligns with regulatory standards.
• Lead and mentor a lean but highly skilled team (3–5 FTEs) across compliance, trading, and operational roles; actively engage in back-office and day-to-day operational tasks if needed to ensure smooth function in a small team environment.

What we’re looking for:

• Minimum of 3 years’ experience working in **Carrying Broker-Dealer operations and compliance**, including direct involvement with clearing processes such as CNS and balanced settlement.
• Proven track record managing and responding to SEC/FINRA audits and examinations related to net capital and customer asset requirements.
• Prior experience interfacing with regulatory bodies (SEC, FINRA, state regulators) on complex compliance issues.
• Demonstrated leadership of small teams in fast-paced, regulatory-intensive environments.
• Strong financial acumen with hands-on experience preparing FOCUS reports, managing margin and liquidity risks.
• Solid understanding of AML regulations and experience reviewing and submitting SARs.

Mandatory Licenses

• Series 24 (General Securities Principal)
• Series 7 (or Series 57 for candidates with a trading-focused background)
• Series 27 or Series 28 (Financial and Operations Principal - FinOp) — required for Carrying Broker-Dealer roles.
• Relevant Texas registrations (e.g., Investment Adviser Representative) if applicable.

Preferred Attributes

• Deep knowledge of Texas financial markets, including regional specialties such as energy sector trading and private placements.
• Excellent communication and stakeholder management skills, capable of presenting complex regulatory and operational issues to senior management and regulators.
• Strategic thinker with ability to drive growth while maintaining rigorous compliance and risk management standards.
• Proven ability to operate effectively in a lean, entrepreneurial organization, balancing strategic vision with execution.

Why Join Us?

• Opportunity to lead and shape a growing Carrying Broker-Dealer within the vibrant Texas market.
• Work closely with the Group CEO and C-level leadership to influence company strategy and execution.
• Hands-on leadership role with broad responsibilities across compliance, operations, finance, and business development.
• Competitive compensation package commensurate with experience.

Discover your potential with Doo Group. Apply now and be part of our success story!

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