Accomplished banking and brokerage leader with extensive experience in compliance, risk management, and training development. Proven ability to create and document policy and procedure, and conduct compliance and marketing reviews. Expertise in product approval and governance, including complex products (structured products, hedge funds, private equity, OTC derivatives and FX). Special focus on creating and nurturing culture of compliance.
HSBC Securities (USA), Inc; New York, NY 2008 – 2018
SVP / Regulatory Compliance Manager – HNW division of broker-dealer / Global Private Banking
Acted as enterprise wide Regulation Coordinator for Regulation R for the four global businesses in the United States. Provided Compliance support, advice and guidance to Global Private Banking businesses including new business and product initiatives and marketing activities.
Created the High Net Worth division of HSI to enable Global Private Banking business to provide brokerage services in accordance with Regulation R.
Assisted in drafting written policies and procedures.
Acted as Subject Matter Expert and Risk Steward for all investment related activities of the Global Private Banking business as well as Dodd Frank Title VII, Volcker Rule, and Firm Conduct Policy.
Monitored activities of Private Banking to ensure compliance with policies and external regulations.
Developed and delivered Compliance and Regulatory training to the business.
Fostered a positive culture of compliance by working proactively with the business, senior management, internal control and other compliance professionals to ensure that best practices and systems are in place to facilitate growth and the overall success of HSBC.
HSBC Bank USA NA; New York, NY 2006 – 2008
FVP / Director – Specialized Compliance
Supported HSBC Private Bank – Americas on compliance-related issues, including documentation and form review, marketing reviews and monitoring activities to ensure compliance with applicable regulations and operating policies. Managed a staff of two compliance professionals.
Assisted senior executives in identifying/containing compliance risk, compliance monitoring and fostering a compliance culture.
Worked with management in the development and enhancement of products to ensure compliance.
Ensured communication and development of policy/procedure changes to remain compliant.
Vice President / Senior Manager – Specialized Compliance 2005 - 2006
Reviewed and analyzed compliance monitoring reports for suspicious / unusual patterns of activity.
Supported Corporate Training in development and delivery of compliance training programs.
Participated in special compliance reviews, projects and training efforts.
Reviewed all investment-related marketing materials to ensure compliance with regulations.
Citigroup Global Wealth Management; New York, NY 2003 – 2005
Vice President / Global Investments Compliance Officer
Compliance officer for US and LatAm Capital Markets. Worked closely with their respective FX, equity, fixed income & interest rate, credit, and commodity derivatives, and structured products trading desks to ensure compliance with all relevant regulations and firm policies.
Watson pg. 2
Represented Compliance on the Regional Capital Markets Product Approval Committees for US and LatAm regions. Reviewed and approved marketing materials.
Reviewed Capital Markets presentations produced by the marketing department or trading desks.
Served as back up Compliance representative on the global Product Program Approval Committee, reviewing and approving managed investments.
JPMorgan Private Bank; New York, NY 2001 – 2003
Vice President / Supervisory Manager – J.P. Morgan Securities Inc. & JPMorgan Chase Bank
Reviewed and signed off on daily trading blotters. Inquired and researched any issues related to daily trading activities and documented as appropriate. Reviewed and approved correspondence.
Conducted periodic client account reviews. Documented and maintained client account files.
Approved all new accounts and account updates. Provided feedback on any accounts not approved.
Reviewed and approved new Due Diligence Reports to ensure compliance with BSA/AML laws.
Ladenburg Capital Partners Inc. (Formerly GBI Capital Partners Inc.); Bethpage, NY 2000 – 2001
Assistant Vice President / Compliance Officer / Registered Options Principal
Reviewed B/D trading, Market Making and sales practices of over 400 Registered Representatives by analyzing equity, fixed income, and options reports on a daily, weekly, and monthly basis for suitability strategies employed, and enforcing Firm policy as well as NASD, MSRB, and SEC rules.
CIBC World Markets Corporation (Formerly Oppenheimer & Co., Inc.); New York, NY 1996 – 2000
Assistant Vice President / Senior Surveillance Analyst / Compliance Registered Options Principal
Analyzed retail exception report, Concentration Schedule Report and Firm security positions.
Prudential Securities, Inc. New York, NY 1995 – 1996
Compliance Surveillance Analyst - Options Unit
Supported member firm's compliance related to options and derivatives. Approved new option accounts.
Josephthal Lyon & Ross, New York, NY 1994 – 1995
Answered customer complaints and inquiries, as well as, inquiries from various regulatory bodies.
Reich & Co. Inc. New York, NY 1992 – 1994
Branch Operations Manager
Merrill Lynch & Co., Inc. New York, NY 1989 – 1992
Customer Accounting Representative
FINRA Series 4, 7, 9, 10, 24, 55, 63 and 65 Licenses
Completed certificate course in Law and Compliance at the New York Institute of Finance
Bachelor of Science – Management: Saint John's University, College of Business Administration