Listen to our latest episode, “An Inside Look into the FinOp Role.” The article was written by Janice Parise, Partner of SDDco Group.
Your First line of Defense
With the trend towards more regulation, the FinOp is on the front lines, serving as an integral liaison with the FINRA coordinator on a day-to-day basis, the regulatory examiners during an exam, and the independent auditors. To be able to liaise effectively, the FinOp must be well versed in the firm’s activities, operations, and financial information. They need to be able to provide “color” and fully explain details regarding the firm’s activities and supporting documentation for financials and net capital computations.