Stuart Henderson Email & Phone Number

Pennsylvania, United States

Perform FINOP services for broker/dealer clients of CRC. Services include preparation of the Clients regulatory filings, annual Audit and maintaining books and records. Acting as the Clients required series 27 FINOP, or Principal Operations Officer

CONSULTING 2020-2022-Engagements included KPMG, Alpaca Securities and TD Ameritrade. Consulting services included working with a team at KPMG to help PayPal establish a broker/dealer. Provide guidance to Alpaca Securities on Net Capital, Reserve formula, Reg T and Possession and Control. Assist with the preparation of the Reserve Formula, FOCUS and futures.

Recruited by ICE as the Principal Operating Officer to establisha clearing broker/dealer for its introducing ATS broker/dealers,TMC Bonds, ICE Bondpoint and Creditex.Implemented financial and operational controls for TMC'sclearing and settlement activities, including revenuerecognition, clearing expenses, fails and inventory.As CFO of TMC, I manage all.

• Responsible for managing the firm’s infrastructure to meet current and future business needs.
• Established operational and accounting controls that reduced clearing and settlement costs 60%.
• Implemented operational efficiencies and collected $3.5mm in aged receivables.
• Built global accounting controls and procedures for Hong Kong, London, and main office.
• Forged strong relationships with vendors and service providers delivering 30% annual savings.
• Revitalized key infrastructure.

• Analyzed and controlled the cost structure and reported the firm’s financial condition to the CEO and investors.
• Established and maintained accounting and operational controls for the firm’s main lines of business.
• Designed and implemented an innovative sales compensation program that improved profitability and gave the firm a competitive edge.
• Created a comprehensive reporting structure providing a highly effective management tool for setting the direction and design for business expansion.

• Developed and managed a review process for the equity and fixed income operations platforms. Prepared and reported key operational risk factors to risk management committees.
• Partnered with IT, Operations and Accounting to design and implement a project to manage the 15c3-3 Reserve Formula Computation and controlled access to system applications in the bank and broker / dealer.
• Coordinated with internal / external auditors and regulators and operational areas to facilitate audits and examinations.
• Consulted with operations on new and existing regulations.
• Hired and trained a staff to implement risk reviews.
• Created a methodology and reporting structure.

• Established and managed an effective audit presence. Forged strong working relationships with senior management. Devised follow-up procedures on key issues.
• Collaborated with external audit management overseeing the audit of Wachovia Securities and legacy Prudential Securities.
• Maintained integral knowledge of the impact of the merger with Prudential Securities, Inc. on Wachovia.
• Developed audit scope / schedule and managed audits for the brokerage entities.

• Recruited to bring an objective, systematic and disciplined approach to evaluate and approve the effectiveness of risk management, control and governance.Audit
• Implemented audit plan by conducting reviews of fixed income and equity sales / trading, derivative trading, asset management, structured products, financing, operations, and accounting.
• Identified risk categories for the firm’s business activities and product lines, including credit, market, operational, legal, regulatory, and reputational risks.
• Served as center of competence for all broker / dealer regulatory matters.
• Consulted personnel and audit staff on new audit / regulatory developments and important topics.
• Instituted an effective reporting and monitoring program designed to ensure that the financial and regulatory position of the firm was accurately calculated, managed, and reported.Regulatory and Financial.

Education record

Bs, Business/Managerial Economics