SEA Rule 15c3-3 Customer Protection Rule Consulting and Accounting

Director – Financial & Operations Compliance 5/2009 to 10/2014 Essential Duties and Responsibilities:• Provide compliance coverage for Finance and Operations clients.• Assist in day-to-day functioning of the Fin/Ops Compliance Team including providing advice to clients, developing and implementing a risk-based program to reasonably monitor operations and finance, and provide education and training to clients on Fin/Op issues, as needed. • Coordinate the Supervisory Control Meetings with Operations and Regional Controller, setting agenda for the meetings and ensuring follow-up on discussion topics and action items.• Update and educate clients on significant regulatory developments and events by reviewing current news items and regulatory announcements and attending industry conferences, and keep clients informed of issues of importance.• Advise on regulatory inquiries and examinations, as needed, to provide support internally in order to avoid examination exceptions and/or potential enforcement actions which may cost the firm financial fines/penalties, as well as reputational and operational risk.• U.S Compliance approval/sign-off responsibility for all Out-sourcing and Off-shoring business initiatives of the firm.

•Accomplish the objectives of the department, division and Exchange/FINRA.•Responsible for coordination and performance of all financial, operational and supervisory standards/sales practice procedures (FIN/OP Exams) established and maintained at its assigned member organizations and respective subsidiaries.•Plan and schedule regular FIN/OP examinations to be conducted during the annual cycle for all assigned member organizations, including coordinating examinations with other regulatory agencies.•Ensure that the examinations cover all risk areas and that member organizations are in compliance with all rules and good business practices.•Supervise field examinations of assigned member organizations, including cost and time parameters for compliance with budget and cycle completion.•Educate and train staff on regulatory matters.•Review examination work-papers and documents to ensure compliance with division standards.•Communicate exceptions and issues to Exchange/FINRA management and maintain positive relationships with management and staff of assigned member organizations.•Develop staff and ensure that the resources are available to accomplish divisional goals. •Supervise and evaluate staff and provide constructive feedback.•Manage multiple special projects.•Member of the following committees:1.Regulation Expert Committee – Regulation SHO.2.Risk Assessment Committee.3.MSRB Rule Disposition Committee.4.Financial Content Streamlining Project Committee.5.Member of the Scope Committee – Review and revision of the Customer/PAIB Reserve Formula.•Member of the Automated Examination Project and Logical Business Processes updating the Reserve Formula Regulatory Area.•Participated in the review and revision of the schedule used by examiners to conduct their review of Control and Restricted Securities.•Participated in the 2001 – 2009 Customer/PAIB Reserve Formula training program.•Participated in many interpretative issue discussions.

Hedge Funds / Investment Partnerships Supervised hedge fund staff.Selected, hired and evaluated members of the staff.Worked in conjunction with staff in preparation and review in the following areas:•Daily reconciliation of positions and cash for seven domestic funds and one offshore fund.•Month-end preparation of the funds T/B’s, F/S’s and tax allocations for individual partners.•Daily and month-end calculation of gross and net returns for funds.•Monthly and quarterly correspondence with the individual partners of hedge funds.•Monthly computation of net capital to calculate the flow through capital benefit for the broker-dealer general partner.•Quarterly preparation of capital account statements.•Coordination of the annual audits of the funds.Regulatory Reporting Supervised regulatory staff.Selected, hired and evaluated members of the staff.Worked in conjunction with staff in preparation and review in the following areas: •Weekly computation of the customer reserve formula (15c3-3).•Monthly computation of net capital using the alternative standard (15c3-1).•Quarterly verification of securities box counts (17a13).•Various daily, weekly and monthly reporting (600TC, Short Reports etc.).•Liaison with outside regulatory and external auditors.