Vice President Management
Resume:
STUART B. MEHER
******.*****@*****.***
River Edge, New Jersey 07661
Cell: 551-***-****
____________________________________________________________________________
______________
SENIOR SECURITIES COMPLIANCE EXECUTIVE
Strategic and results-driven with extensive management experience and
knowledge of Retail and Institutional Broker Dealer regulations.
Collaborate with Senior Executives and Department Heads to draft and
implement policies, procedures and systems that are designed to protect
financial institutions from regulatory and reputational risk in all market
cycles. Expertise spans:
. Fixed Income and Equity Securities
. Information Barriers/Chinese Walls (Conflicts)
. Wealth Management (Retail) Compliance
. Developing and Conducting Training Programs
. Equity and Fixed Income Research Issues
. Employee Trading Management
Professional Licenses: Series 3, 7, 24, 55 and 63
EXPERIENCE
HSBC SECURITIES (USA) INC., New York, NY
2006 - 2009
Senior Vice President - Head of Central Compliance - Global Banking and
Markets, U.S.
Managed a team of Compliance professionals responsible for Licensing and
Registration, responding to Regulatory inquiries, implementation of Staff
Dealing Policy, Surveillance, development and implementation of Policies
and Procedures and Training Programs for all Global Banking and Markets and
Wealth Management employees. Co-head of Surveillance and Staff Dealing
Policy Committees. Member of the Compliance Learning and Development
Committee. Deputy Business Information Risk Officer (BIRO).
. Documented all surveillance processes by formulating and maintaining the
Firm's first Compliance Desk Book. Firm provided document to
regulators in connection with examinations and inspections.
. Codified covered securities and permitted trading strategies by drafting
and implementing a revised U.S. Global Banking and Markets Staff Dealing
Policy. Consolidated number of firms where employees were permitted to
maintain personal brokerage accounts that resulted in enhanced
surveillance of trading activity and review of monthly account
statements.
. Realized annual cost savings of 35% by negotiating a contract with third-
party vendor to deliver the Firm Element Training Program to covered
employees.
. Created an internal Branch Registration and Information Tracking System
to monitor adherence to FINRA and NYSE requirements for maintaining
branch classification standards and enhance recordkeeping of registered
personnel.
. Designed and delivered to FINRA a monthly report of Limited Purpose
Branch activity.
. Achieved 100% completion rate and improved disclosure of required
information by creating the Compliance Sentinel System to facilitate the
Firm's Annual Certification process.
. Mitigated regulatory exposure and risk by revising procedures to ensure
timely filings of U5 Forms.
. Developed a standardized procedure to ensure that processes outsourced
to Global Service Centers located in India, Malaysia, and other offshore
locations were reviewed and approved by Compliance in the United States.
. Formulated and published the Compliance Now Newsletter that served to
promote the Global Banking and Markets Compliance function and make
employees aware of relevant compliance-related topics.
Stuart Meher
Page two
. Maximized awareness of Compliance issues by developing and conducting
the new hire Compliance Orientation Program.
. Piloted an initiative to ensure completion of Annual Compliance Training
by non-front office employees by creating, recording and delivering a
Powerpoint presentation via WebEx.
MIZUHO SECURITIES - New York, NY
2005 - 2006
Consultant
Reviewed and updated Policies and Procedures Manuals for Equity and Fixed
Income Divisions. Updated Firm's Written Supervisory Procedures governing
trading in Government Sponsored Enterprises. Reviewed, updated and
conducted annual compliance meeting with Fixed Income Division Employees.
Reviewed 15a-6 Consents to Service of Process for completeness and
accuracy. Updated information on CRD system for all foreign associates and
domestic employees.
BANC OF AMERICA SECURITIES LLC - New York, NY
1999 - 2005
Senior Vice President, Compliance Risk Management and Manager of the
Employee Investment Monitoring Group (2003 - 2005)
Manage a group of six professionals responsible for the implementation of
the Banc of America Securities Employee Investment Policy applicable to
4,000 employees (10,000 accounts). Member of the Fixed Income Research and
Supervision and Control Committees.
. Developed 15a-6 policies and procedures to ensure that the non-U.S.
affiliate of Banc of America Securities was conducting activities
with U.S. customers in a manner consistent with the requirements of the
rule.
. Reduced regulatory risk by collaborating with outside counsel to develop
and implement procedures requiring compliance review of requests to
conduct securities activities with customers in foreign jurisdictions.
. Prepared comprehensive analysis of cross-border trading and marketing
restrictions between "passported" and "non-passported" entities.
. Promoted employee awareness of compliance-related issues by designing
and conducting the orientation program for all new Banc of America
Securities associates.
. Ensured adherence to trading restrictions for Research Department
personnel by drafting the Associate Investment Policy for Equity and
Fixed Income Research Analysts and corresponding surveillance program.
Conducted on-site training to New York, Boston and Charlotte based
Research Department employees.
. Drafted and implemented Hedge Fund Investment Policy.
. Reduced violations and enhanced review of activity by implementing a
process for the automated delivery of associate trading reports to
designated supervisory personnel.
. Oversaw the transition of legacy Fleet associates' accounts into the
Banc of America Securities Associate Investment Policy resulting in the
trading activity being captured in the surveillance program.
Vice President, Compliance and International Equities Trading Desk
Compliance Officer
(1999 - 2003)
Oversight of trading and sales trading activities to ensure compliance with
NASD and NYSE rules and regulations via review of exception reports,
blotters and on-line trading analysis.
ADDITIONAL EXPERIENCE
Previous experience in Retail Branch Management and as Senior Compliance
Officer at Drexel Burnham Lambert, PaineWebber Incorporated, and Paribas
Corporation
EDUCATION
Bachelor of Arts, Montclair State University, Montclair, New Jersey - 1977
Contact this candidate