Michael Petrovits Email & Phone Number

North Carolina, United States

Manage a top 3 team for production and quality with 350 investigators and 25+ teamsTrain and develop new hires to be top producers with above average qualityOversee assignments and motivate team to meet tight regulatory deadlinesSubject matter expert on frequently changing guidelinesIdentify procedural improvement opportunities and value-add efficiency recommendations

Charlotte, North Carolina, United States

Developed and Enhanced horizontal compliance programs that are implemented across multiple product or asset classesImproved controls, policy, procedure and processes designed to mitigate regulatory compliance riskCreated functional documentation to document accountability or evidence of processesAggregated information for management meetings, regulatory reporting as well requests from internal stakeholdersExecuted monitoring activities and assessments related to Super 23 A/B, Out of Scope and internal metrics

Analyzed and enhanced internal procedures for increased efficiency and improvementsEscalated and followed up on various compliance issuesExamined and approved various products to ensure compliance with WSP, client suitability, and industry standardsReviewed KYC & Product Switches to ensure compliance guidelines were met

Mitigated business risk and improved delivery of services by engaging cross-functional negotiationAnalyzed and implemented changes to firm’s policies and proceduresCoordinated SEC examinationsIncreased effectiveness by guiding, mentoring and inspiring team membersIncreased Gross production by 10% in first 30 days

Analyzed department procedures and continuously implement changes for enhanced efficiencyAssisted in roll out of firm social media campaign with branch & continuing surveillanceInterfaced with FA's and CSA's in troubleshooting administrative issues and finding solutionsAssessed KYC/new account documentation to ensure compliance with industry standardsManaged all aspects of syndicate at branch levelVerified all incoming/outgoing fund are compliant with industry AML standardsReviewed incoming/outgoing correspondence

Co-lead trade monitoring software integration with new clearing firm by helping design to eliminate inefficiencies, test system functionality along with its ability to meet existing capabilitiesAnalyzed trade and AML monitoring software for efficiency and rehashed settings to create more effective alert triggering for surveillance of activity/due diligenceRegularly enhanced the firm’s Written Supervisory Procedures (WSPs) and internal processes to improve productivity and reduce exceptions during audits while meeting FINRA/SEC RegulationsInspected Branch offices to verify books and records meet the firm’s requirements, compile inspection report of noncompliant procedures and follow up to verify issues are resolvedReviewed and approved REIT, Variable Annuity, Mutual Fund, and various DPP submissions to ensure compliance with WSP, client suitability, and industry standardsEvaluated independent representatives’ business activity and employee’s responsibilities, created relevant annual Firm Element CE requirements, implement training plans, and track progress to ensure completion