Vice President Assistant

ADAM LOCKE

Compliance and Risk Professional

617-***-**** Greater Boston

ad5wqn@r.postjobfree.com adam-locke-649b676

EXECUTIVE SUMMARY

Seasoned Compliance professional with over 30 years of experience in the securities industry. Proven ability to develop and implement risk mitigating programs, financial risk assessments, and ensure regulatory compliance. Experience in developing and implementing compliance programs, policies and procedures that ensure firm and investor protection, and promote ethical business practices. LICENSES

Series 7, General Securities

Representative

Series 24, General Securities

Principal

Series 53, Municipal

Securities Principal

Series 63, Uniform State

Examination

Series 65, Registered

Investment Advisor

Commonwealth Financial Network, Waltham, MA, 9/2022-2/2024 Citizens Securities, Inc., Westwood, MA, 9/2009-7/2022 Assistant Vice President, First Line Risk Manager (8/18-7/22)

• Managed internal “for cause” disciplinary investigation escalations, providing company-wide consistency and compliance throughout the process. Wrote procedures for the process which efficiently adjudicated cases therefore minimizing risk for the firm. Within two years, risk was reduced to a new standard of zero investigations out of compliance and reduced the average time of case resolution from 2.8 weeks to 1.5 weeks

• Increased risk transparency and visibility for senior management through monthly disciplinary report that provided insights into closed and current disciplinary matters

• Responsible for the Heightened Supervision Program (HSP). Created process, wrote procedures and effectively administered said plans which limited and changed Registered Representative misconduct. In audits of plans, no exceptions were noted.

• Acted as Compliance Department’s Business Records Coordinator. Strengthened the existing procedures by thoroughly updating them which reduced risk by being in compliance with applicable regulatory rule. Also effected the attestation procedure and processed the Records Management Annual Attestation for the Compliance department which ensured compliance with SEC Rule 17(a)(3) and SEC Rule 17(a)(4)

• Performed email oversight to ensure that supervisors conducted their review within required timeframe. Behavioral changes reduced risk by 100% and mitigated audit’s involved 100%

CORE

COMPETENCIES

• AML Compliance • AML

Surveillance • Disciplinary

Investigations • Due Diligence

• FinCen 314a/314b • Email

Surveillance • FINRA Exams

• High Risk Client Review • Policy

and Procedure Management

• Quality Control Testing • Risk

Management • Relationship

Management • Trade

Surveillance • Process

Improvement

AL

• Reviewed and approved direct transactions, including 529, mutual funds, and alternative investments for suitability and best interest

• Worked directly with advisors or team members to solve suitability or best interest questions or topics

• Engaged in conversation with advisors regarding regulatory rules and company policies

• Analyzed the suitability requirements for specific client transactions and reviewed them with advisors

• Collaborated closely with Compliance, Trading and other Operations areas to provide exceptional service to our advisors and their clients EXPERIENCE

Investment Supervision Principal

ADAM LOCKE

PREVIOUS

EMPLOYERS

10/02-5/03

Fleet Bank/Quick & Reilly, Inc.

Senior Financial Consultant

10/98-10/02

UBS PaineWebber, Inc.

Financial Advisor

3/94-9/98

Bear, Stearns & Company, Inc.

Registered Equities, Futures

Assistant

LPL Financial, Boston, MA, 7/04-8/08

Manager, Home Office Supervision (HOS) and Branch Compliance, Institution Services

(IS) (7/04-8/08)

• Acted as Branch Manager for Financial Advisors of HOS Institution Services

• Supervised staff who were responsible for reviewing and approving new account applications, suitability reviews of all transactions, review and initial approval of advertising and review and initial approval of Outside Business Activities

• Managed HOS/IS office visit process and implemented a more “audit driven” visit by the HOS staff which decreased the number of deficiencies cited on HOS office audit letters there reducing risk to the firm

Continued

EDUCATION

University of Massachusetts,

Amherst

Bachelor of Arts, Psychology;

concentration in Business and

Economics

Honors: Dean’s List

• Managed a team who handled cashiering, transfers and mail operations duties

• Managed operational risk, assessed opportunities, and implemented process improvement initiatives

• Ensured daily activities complied with applicable FINRA and CCOISC regulations and internal policies

Assistant Vice President, Operations Manager (9/09-6/11)

• Conducted audits of LPL offices to ensure compliance with applicable NASD, SEC, State, and LPL policies and procedures

• Coached Branch Managers and Registered Representatives regarding compliance, operational and sales techniques to help increase office efficiencies

• Trained new Compliance Examiners on complete audit process Lead Compliance Examiner (7/04-10/06)

• Acted as Compliance liaison to Audit Group to improve communication between HOS and the audit group

• Acted as Branch Development liaison to assist in transition of Financial Advisors to HOS

• Responsible for conducting HOS Orientations to educate on HOS policies and procedures

Senior HOS Analyst, Home Office Supervision (10/06-6/07)

• Acted as primary back up to the Manager of the Surveillance and Compliance Examinations department

• Assisted in the development of new Compliance Officers on exam process

• Conducted annual branch examinations of CCOISC offices including Financial Consultants and OSJ locations to help ensure compliance with applicable FINRA, SEC, State, and CCOISC policies and procedures

Assistant Vice President, Compliance Officer (6/11-7/14)

• Assisted Management in managing all escalations of exams of Financial Advisors

• Assisted Management in analysis performed by the Surveillance and Compliance Examinations team

• Conducted email surveillance of Management emails and assigned RSM territory Assistant Vice President, Team Lead/Compliance Process Manager (7/14-7/18)

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