Compliance Operation Manager

GEORGE T. GALLAGHER

**** ******* ****** *** ** cell: 347-***-****

Brooklyn, NY.11229 *******@***.***

SENIOR COMPLIANCE/ OPERATIONS MANAGER

Senior-Level Compliance /Operations Manager with a track record that demonstrates the improvement of operational processes, financial reporting, and information technology in the resolution of complex business problems and regulatory /compliance issues.

Possess Series 7, 63, 24, and 27.

Professional Brokerage Experience

Kaufman Bros. LP. (KBRO) Feb.2009 to March, 2009

Chief Compliance Officer

• FINRA contact and AML Officer.

• Conducted AML, OFAC, and FINCEN reviews. The firm was 100% compliant.

• Responsible for Continuing Education. The firm was 100% compliant.

• Responsible for all U-4, U-5, and state filings.

• Reviewed employee personal trading accounts. The firm was 100% compliant.

• Monitored new account processing for AML, firm, and regulatory compliance. The firm was 100% compliant.

• Responsible for regulatory inquiries and filings.

• Reviewed the daily trading activity, exception reports and compliance reports to ensure regulatory oversight. The firm was 100% compliant.

• Reviewed the firm’s supervisory procedures and updated the WSP’s.

• Monitored electronic communications. Responsible for code of ethics review.

• Responsible for Branch reviews.

• Operation Manager responsible for OATS submission and matching the daily trade balancing. The firm was 100% compliant.

SUSQUEHANNA FINANCIAL GROUP (SFG) Dec.2005– Nov. 2008

Senior Compliance Manager

• Reviewed Branch Office activities and conducted periodic on-site audits. Reduced previous compliance findings to zero.

• Conducted regimen sales supervision surveillances to ensure compliance with Regulation NMS. The firm was 100% compliant.

• Monitored electronic communications. Monitored and reviewed 10 % of producing manager’s electronic communications.

• Developed and implemented Stock Loan matchbook procedures in 3 months.

• Reviewed procedures and conducted U.S Patriot Act, BSA, AML surveillance for 8 affiliated entities.

• Monitored Continuing Education content and compliance for firm and employees. The firm was 100% compliant.

• Chief Financial Officer for SFG.

REFCO SECURITIES May 2005to Dec. 2005

Operation Manager

• Managed a staff of 40 people. Managed the Dividend/ Bond interest, Corporate Action, Bank Reconciliation for over 20 domestic and international banks, foreign exchange, Securities Master, and P& S Departments.

• Reduced aged receivables by 40% in 4 months.

• Reduced processing errors Securities Master file area and P&S by 70%.

• Reduced P&S position breaks CNS, OATS, TRACE and OCC by 60%.

• Reduced bank reconciliation errors by 40% and identified all aged monies in 2 months.

• Developed and implemented webbed base system enhancements to reduce manual processes.

NASD Oct. 2004 to May 2005

Senior Compliance Examiner

• Reviewed monthly 20 broker dealers (FOCUS) financial reports.

• Conducted, reviewed, tested, and identified compliance issues relating to Patriot Act, AML, business continuity, and supervision.

• Reviewed and tested systems, operations, and trade processing for compliance.

• Conducted Sales Supervision review.

SECURITIES AND EXCHANGE COMMISSION Nov. 2003 to Sept 2004

Securities Compliance Examiner

• Reviewed, tested, and identified compliance issues for registrants systems, operations, and trading processing areas. Identified several firms not in compliance with regulations.

• Reviewed registrants’ financial reporting.

• Reviewed and tested registrants for U.S. Patriot Act, BSA, AML compliance and disaster recovery/business continuity.

• Conducted and reviewed registrants for branch compliance.

• Reviewed registrants’ supervisory procedures for compliance with rules and regulations. Reviewed firms for code of ethics.

• Reviewed registrants’ procedures and compliance for corporate actions. We observed that 98% of firms may have been processing proxies incorrectly.

• Reviewed transfer agent as registrant. Uncovered possible AML money laundering violation.

NATEXIS SECURITIES, Inc. Aug. 1999 to Dec. 2002

Chief Operation Officer

• Managed the daily operations, systems, and accounting capabilities that satisfied the firm's business objectives. Responsible for all books and records of the firm.

• Executive representative and primary interface for the NASD and other regulators.

• Responsible for implementation and procedures for the Patriot Act, BSA, Privacy Act, and AML money laundering compliance. The NASD verbally approved the process.

• Reviewed and amended supervisory compliance manual.

• Revised operational procedures to comply with industry standards.

• Initiated self-clearing business with Depository Trust Co. (DTC) in 3 months.

• Project manager and primary contact for STP T+1 planning and processing.

• Established International and Domestic custodian and banking relationships.

• Negotiated vendor contracts for equipment and systems.

• Liaison for vendor applications and coordination.

• Successfully relocated the office to new premises, creating an improved IT infrastructure, enhancing the work processing environment, and positioning the firm for future growth.

• Initiated correspondent clearing business for over 20 broker dealers.

Early Career History

Prior to 1999, held various senior management/ operation positions in the financial industry, Midwest Trust Co., Tucker Anthony, Cross Personnel, and FedEx.

Education

STATE UNIVERSITY OF NEW YORK

Bachelor of Science, Business Management Administration

Registrations

Series 7, 63, 24, and 27

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