Michael Kelly Email & Phone Number

New York, New York, United States

New Jersey, United States

• Conduct annual compliance testing activities for various Prudential broker-dealer business units, separate accounts and an investment adviser
• Develop test plans for each review by utilizing a risk based approach to identify key compliance and regulatory risks within each business
• Work with CCO’s, supervision and compliance to identify testing focus and business unit coordination
• Assess and evaluate the effectiveness of policies, procedures, processes and controls designed to comply with applicable regulations and internal standards through interviews, documentation reviews and forensic testing.
• Utilize various testing strategies to detect processes or procedures where unnecessary regulatory risk or weakened controls exist
• Evaluate results of testing and identify potential regulatory issues, procedural gaps and/or process improvements

• General Consulting
• Provided advice on regulatory & operational matters to large brokerage firms, insurance companies, insurance affiliated broker-dealers, independent broker-dealers & investment management companies
• Managed consulting projects concerning securities, insurance & corresponding compliance matters. Responsibilities included: drafting engagement letters, serving as project manager & anticipating, identifying &.
• Developed work plans, provided leadership/direction to members of the project team & ensured that all project commitments were met and that client expectations were exceeded
• Cultivated client relationships by working directly with Sr. management of client firms
• Managed multiple projects & responsibilities in the face of competing prioritiesClient Consulting Activities

• Market Surveillance
• Investigated securities and insurance related sales practice issues
• Created and implemented policies and procedures to comply with changing regulatory requirements
• Assisted in the creation and implementation of suitability guidelines
• Assisted in the development of various exception reports to assist the firm in identifying suitability concerns and suspicious activity
• Monitored sales practice suitability

Facilitated client requests for securities transactions and account changesResolved time-sensitive client disputes regarding securities and account issuesCommunicated with back office and sales desks regarding securities orders and account transfersAdvised senior management in formulating policies and procedures regarding workflow and system.

Generated new client accounts through outbound calling, seminars and referralsHandled client inquiries and trade disputes in a timely manner