Patrick Derose Email & Phone Number

Somerset, New Jersey

As a key member of the Supervisory Controls Group team, I reviewed client trades for regulatory compliance and suitability. This included identifying sales practice issues and escalating them when appropriate. I also administered trade and account review surveillance, utilizing the ProSurv (Protegent Surveillance) application and liaised extensively with Regional Compliance, Branch Managers, and internal IT team. • Reconciled MetLife Security’s suitability application to MassMutual’s trade support system in anticipation of the pending merger of the two firms. • Customized ProSurv applications and rules as primary owner of the business application. • Created ad hoc reports in response to regulatory inquiries.

Somerset, Nj

I supported compliance technology projects and initiatives by analyzing, defining, and documenting needs, goals, and workflows in addition to tracking deliverables and outstanding issues. I also assisted the team with audits and in maintaining and updating the Compliance Risk Management (CRM) system. This involved leading meetings for Compliance, PMO, and third-party vendors. • Led ProSurv migration and assisted in the Personal Trading Assistant migration of MetLife’s broker deal clearing firm and new data aggregator, as well as retiring the old data warehouse. • Reduced resolution turnaround time from 3 months to 2-3 weeks through engagement of offshore IT maintenance teams. • Drove effort to install Metric Stream Fund Manager due diligence application from discovery through implementation.

Somerset, Nj

I supported the Broker Dealer Surveillance and Sales Supervision units on system and suitability issues, as well as leading a multidisciplinary team of compliance, legal, and sales supervisory professionals in aligning systems with regulatory and corporate suitability requirements. I also participated in roundtable discussions with peers at Sungard, regarding FINRA Rule 2111 for suitability. • Led ProSurv application to implement FINRA 2111 requirements. • Reduced data load failures in ProSurv by ~85%. • Secured broker funding for ProSurv upgrades that decreased Compliance costs by ~90%. • Created Business Requirement Documentation for both internal IT team and vendor. • Successfully transitioned historical books and records to new owners

Iselin Nj

I led a multidisciplinary team in the selection, development, and implementation of the ProSurv trade and review application for 4 enterprise broker dealers. This enabled me to create the company’s first Broker Dealer Surveillance Program and Unit, which I managed. I lead my team, comprised of 10 Compliance Associates, in reviewing, investigating, and resolving customer complaints. In addition, I was actively involved in creating corporate policy related to mutual fund share classes, churning, day trading, and alternative investments. • Implemented electronic post-trade suitability applications, including development of trade-related suitability rules. • Wrote and maintained ProSurv training and administration manuals. • Participated in MetLife’s retail broker dealer expansion from mutual funds to general securities. • Lead participant in the development and rollout of branch office OSJs, including training and development of branch supervisors.

Greater New York City Area

• Conducted Agency Compliance Reviews and reported findings; recommended corrective actions as necessary. • Reviewed sales material for compliance with FINRA standards and filed sales material with FINRA when required.