Andrew Nussbaum Email & Phone Number

Oradell, Nj, Us

Ireland, Ie

Providing regulatory and business process consulting to financial services industry including but not limited to; Independent Auditing/Testing of Anti Money Laundering Programs, Anti Money Laundering Training, Independent Testing of Written Supervisory Procedures and Supervisory Control System, Branch Office Audits, Written Supervisory Procedure Review and Customization, FINRA New Membership Applications, CRD System Review and Maintenance, Review and Recommendations for firm business processes based on business plans and product lines, Prime Broker and Clearing Firm Review and Agreement Negotiations, Fully Disclosed Clearing Implementation Management, Contract reviews of selling agreements, Investment Banking Agreements, Registered Rep Agreements, Revenue Sharing Agreements, Project management and other General Business and Regulatory Consulting Services

Principal responsible for; Creation and formation of new SEC/FINRA Broker Dealer, processing over 25,000 transactions per month, offering Integrated Multi-Custodian Prime Brokerage Services within the growing fully disclosed “Mini-Prime” Prime Brokerage space, Registered Investment Advisor Custody and Execution Services, and, both Traditional Voice and Electronic Trade Execution Services. Successfully navigated FINRA New Membership Application/Approval; Oversaw build out of executive offices, trading desk and technology infrastructure; Created and implemented Human Resource policies, procedures, and benefits; Created and implemented customized Written Supervisory, AML/CIP Procedures; Negotiated and implemented three fully disclosed clearing agreements and the procedures, necessary to support a complex Multi-Clearing environment; Negotiated and implemented third party vendor agreements supporting Compliance, IT, HR, Trading, Portfolio Reporting, Research and Facilities; Authored all website content, Marketing Materials and Press Releases; Drafted all legal and regulatory documents/agreements, including, Registered Rep Agreements, Employee Confidentiality and Non-Solicitation Agreements, Customer Agreements, and Revenue/Commission Sharing Agreements; Successful completion FINRA Audit with no exceptions noted. Responsible for; New Account Review/Approval; Daily supervision of Registered Persons; Regulatory and Internal WSP Compliance; AML/CIP Compliance; Customer Activity Surveillance; FINRA CRD System; Firm and Regulatory Element Continuing Education; Human Resources; Regulatory Inquiries, Legal Affairs; Management of Outside Counsel; and, Collaboration with CEO on Business Development.

Beginning as Senior Vice President and advancing to, Chief Compliance Officer and finally Chief Operating Officer, completely transformed a small, flailing discount brokerage business with meager revenues and little transaction volume into a diverse financial services provider of Prime Brokerage Services, equity, options, fixed income and international securities trade execution as well as high net worth retail services to a wide array of buy and sell side clients processing thousands of daily transactions and generating revenues in excess of $15MM annually. Direct responsibility for Business Development, Operations, Technology, and Risk Management as well as Compliance and Supervision of all registered persons encompassing multiple branch offices and over 50 licensed individuals; Order Management systems with market center, client and third party OMS connectivity; Negotiation and management of all vendor, counterparty and clearing relationships; Conception, development and implementation of all profitable business, product, client and producer acquisition strategies.

Milwaukee, Wisconsin, Us

Correspondent Clearing Sales and Business Development

Led team of Correspondent and Prime Brokerage Sales Executives

New York City, New York, Us

Hired by and reported to Sr. VP, Director of Operations to bring analytical, project management, vendor relations and administrative skills to the operations group. Reduced vendor costs; Participated in vendor contract negotiations; Successfully managed correspondent implementations; Set up correspondent support group and procedures for handling day-to-day issues with introducing broker clients; Authored business cases, cost justifications, impact analysis, user manuals, RFP responses and correspondent procedure guides.

Toronto, Ontario, Ca

Bull & Bear SecuritiesDirected and managed business development, product development and marketing for the bank’s discount brokerage arm and proposed start-up correspondent clearing group. Developed comprehensive business plan offering unique and highly flexible end-to-end securities transaction processing with diverse business groups and revenue streams, including private label solutions, technology and traditional correspondent clearing. Obtained commitments for wholesale brokerage and correspondent clearing relationships. Initiated and implemented business development activities, including internal cross-selling, strategic product integration and business and marketing alliances. Directed and managed vendor evaluation and selection for new Internet front-end and CRM systems. Member of US Business Development Council, US Brand Council and Bull & Bear Operating Committee.

Roseland, New Jersey, Us

Created, negotiated and implemented strategy for providing complete infrastructure to support on-line trading. Developed and specialized in building new products and revenue sources from the electronic delivery of investor communications. Consulted with clients helping maximize opportunities created by Internet technologies. Member of ADP Internet Opportunities Executive Committee whose purpose was to determine ADP’s strategy for leveraging product and business opportunities created by the Internet trading boom. Oversaw all aspects and created the ADP Preferred Provider (PPO) Program enabling clients to meet their unique business objectives through cooperative efforts with third party solution providers while looking for opportunities in which theses relationships would enhance ADP’s product offerings. Worked closely with clients to evaluate vendors and choose appropriate solutions for positive impact on their growth and operations.

Roseland, New Jersey, Us

Sales of payroll and HRIS systems to major accounts in New York City. President’s Club qualifier. Exceeded all sales goals.

St Louis, Mo, Us

Sales of computer output microfiche (COM) services and systems, magnetic storage media, computer assisted retrieval (CAR) software and various other micrographics and data processing hardware and supplies. Exceeded all sales goals.

Education record

Education record

Education record