CORNELL ODOM
New York, NY 10025
(H) 212-***-****; (C) 347-***-****
E-mail: abmh3s@r.postjobfree.com; abmh3s@r.postjobfree.com
Securities industry/Financial services securities compliance professional;
Passed New York State Bar Exam; Certified for admission to First
Department, New York Bar (April 2010); Submitting Admission Application
(April 2010); Substantive, functional experience at global broker-dealers,
alternative investments, investment banks, foreign banks and asset
management firms. Working knowledge of US and cross-border securities
laws, rules and regulations; Application of SEC Rule 206 (4 - 7 re
compliance monitoring of investment advisers customer account activity);
Exceptional writing, researching and presentation skills; Ability to
influence all levels of the organization and drive to consensus.
Pershing LLC Oct 2009 - Present
Senior Compliance Consultant, Alternative Investments/Hedge Funds
Primary duties include daily review of alternative investment
vehicles, investment advisers and hedge funds (US-based and cross
border) to determine compliance with SEC applicable statutory
guidelines under the Investment Advisors Act of 1940
. Evaluation of hedge funds and alternative investment funds to
determine suitability and specificity of purpose marketed to
appropriate investment audience (institutional and accredited
investors)
. Responsible for daily review of federal regulatory documents (Form
ADV, Form D) for over 3500+ alternative investment entities to
determine transparency and full disclosure
. Daily review of domestic and offshore private placement,
subscription and offering disclosure documents for material
disclosures to third-party institutional investors
. Analyzed, monitored, recommended to executive management and
developed informational guidelines for bank compliance
transactional issues
. Developed written policy, process and procedural framework related
to regulatory and banking compliance industry standards
. Surveillance and monitoring of investment advisers interaction with
client accounts as per SEC Rule 206 subsections 4 through 7 and
written, detailed assessment in the event of material, fiduciary
breach by IAs
. Daily research of '40 Act issues that arise in review of hedge
funds and alternative investments materials, namely offering
memoranda, private placement memoranda, subscription agreements,
among other relevant client disclosure documents
. Daily written reports delivered to key management on material
issues that breach or infringe upon federal and/or Pershing
internal guidelines governing alternative investments and hedge
funds
Oversea-Chinese Banking Corporation (OCBC) May 2008 - Apr 2009
Assistant Vice President, Compliance Manager, North America
Primary duties included managing daily AML/KYC activity for NY and LAs
BUs, Monitored of daily transactions, Prepared and conducted AML, KYC,
OFAC testing, Reported directly to General Manager
. Provided daily compliance analysis, surveillance and guidance on
all cross-border and US banking transactions processed through
NY/LA Business Units
. Developed written policy, process and procedural framework related
to regulatory and banking compliance industry standards
. Analyzed, recommended to executive management (domestic and
Singapore) and developed informational guidelines for bank
compliance transactional issues
. Interfaced with state and federal regulators on internal and
external audit reviews, regulatory issues and industry best
practice guidelines for both New York and Los Angeles offices
. Analyzed and provided Singapore Head Office with various compliance
reports due on a monthly, quarterly, semi-annual and year-end basis
. Created comprehensive compliance training tests for NY/LA
Operations staff to keep all abreast of current trends and updates
of compliance issues relevant to the Bank's business and customer
activities
. Researched all US-specific regulatory and compliance issues and
draft issue memoranda for delivery to Singapore Head Office
Group/Legal BU
ABN AMRO Bank Jan 2006 - May 2008
Assistant Vice President, Regional Due Diligence Management
Primary duties included providing review, analysis and compliance
support for institutional clients, PEP Analysis and Due Diligence
Analysis
. Provided analysis and recommendations to Senior and Junior
Relationship Bankers on Client Risk Rating and the applicable
Global and Regional Compliance Requirements controlling the product
transaction
. Responsible for daily review of federal regulatory documents (Form
ADV, Form D) for public, private and alternative investment
entities to determine transparency and full disclosure
. Developed written policy, process and procedural framework related
to regulatory and banking compliance industry standards;
. Analyzed, monitored, recommended to executive management and
developed informational guidelines for bank compliance
transactional issues;
. Comprehensive analysis and application of FSA and global (local
requirements) compliance rules, guidelines and regulations for
securities products and hedge fund transactions
. Facilitated the requesting, collecting and organizing of client
documentation by providing comprehensive guidelines to Relationship
Bankers and Case Operations Analysts
. Interfaced directly with Senior, Global and Regional Bankers on
product-transactional compliance rules and regulations
. Direct interaction with Global and Regional (North America)
managing directors, directors and compliance managers on partnering
and implementing internal and FiNRA KYC and USA Patriot Act (Anti-
money Laundering) Initiatives
Merrill Lynch Oct 2003 - Jan 2006
Senior Legal/Compliance Specialist, Global Client Due Diligence
Provided legal and compliance support for institutional and domestic
equity, fixed-income trading and brokerage businesses including
drafting compliance and regulatory procedures
. Primary point person for AML - USPA and FSA Risk Category client
transaction documentation and OFAC Hits and Sanction Checks
. Responsible for daily review of federal regulatory documents (Form
ADV, Form D) for public, private and alternative investment
entities to determine transparency and full disclosure
. Developed written policy and procedural guidelines, in
collaboration with global compliance control owners, pertaining to
US-based and cross-border transactional compliance issues
. Scrutinized sales materials for full, material disclosure including
annual and quarterly reports, offering memoranda, marketing and
advertising information, shareholders' correspondence including
proxy statements accompanying supplements and questionnaires
. Updated and informed Institutional Advisory Division, brokerage and
trading units on recent developments, trends and Final Rule
announcements from the FiNRA and SEC
. Proofread sales brochures and materials for registered rep business
unit
Baruch College, City University of New York Sep
2002 - Sep 2003
(Consultant) Instructor, Department of Continuing and Professional
Studies
Instructed students in basic legal theories and doctrines
SalomonSmithBarney Dec 2000 -
Sept 2001
Consultant, Mutual Funds Group
Analyzed fund prospectuses and statements of additional information
via '40 Act regulations; Evaluated and resolved investor complaints
with Customer Complaint Group's compliance officers
Lazard Freres July 2000 - Dec
2000
Consultant, Lazard Asset Management
Analyzed domestic and global equity sub-advisory funds based on rules
outlined in the Investment Company Act of 1940 to ensure customer
suitability and compliance with advised and sub-advised funds;
Compliance monitoring of investment advisers client account activity
as outlined in SEC Rule 206 (4 - 7); Assisted in drafting LAM Funds'
compliance policies and procedures
CIBC World Markets June 1998 -
June 2000
Senior Surveillance Analyst, Legal/Compliance Group
Monitored daily equity trading activity of 150-plus registered
representatives in four high-end revenue generating branch offices.
. Daily analyses of customer equity and fixed-income sales activity
for retail accounts to identify potential conflicts-of-interest;
review daily reports to identify front-running by registered
representatives; Monitor transactions applying FiNRA - KYC Rules
. Daily analysis of customer suitability for options/margin trading
Lehman Brothers Inc. July 1997 - June
1998
Consultant, Transactional Management Group
Monitored institutional client trading for suspicious activity.
Citicorp Securities, Inc. Jan 1997 -
July 1997
Consultant, Investment Banking - Emerging Markets
Reviewed foreign issuer transactions floated in U.S. market
PARALEGAL EXPERIENCE: General Corporate Housekeeping
McCarter & English, 1988-1991; Winthrop Stimson et al., Paralegal,
1985-1987;
Salomon Brothers Inc, Mergers &Acquisitions, Proofreader, 1984 - 1985
EDUCATION
Rutgers Law School, J.D., Financial Institutions, Securities and
Corporate Law
Rutgers College, B.A., English
New York State Bar Exam: Passed July 2009; In Process of Admission
References furnished upon request.