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Friday, December 23, 2011
Tuesday, December 13, 2011
Rosenthal Recruiting active job openings now include the following:
Miami, FL Bank Compliance Officer $80,00 base salary + bonus
Pittsburgh, PA - RIA/BD Chief Compliance Officer (CCO) Base Salary - $85,000
NJ - RIA/BD CCO Base $165,000 or more potential
Best Wishes for the Season and onward to 2012. The Miami position requires the following experience:
Regulation B (Equal Credit Opportunity), Regulation D (Reserve Requirements of Depository Institutions), Regulation E (Electronic Funds Transfers, Regulation H (Bank Protection Act). Additional preferences on candidates experience: Regulation P (Privacy of Consumer Financial Information), Regulation U (Margin Stock) and Regulation Z (Truth in Lending)
Please call (973) 826-0537 or send an e-mail to: Stuart@RosenthalRecruiting.com to discuss your situation and any opportunities listed or others you may be interested in now or for 2012. You may also submit your resume and receive a quick response.
Tuesday, November 8, 2011
Title: Product Control Manager
Location: New York, NY
Officer Title: AVP – VP
Status: Fulltime Regular
This is an opportunity for a experienced Accounting professional with Product Control experience for an Investment Bank. The person in this role will liaise with all Company employees with a focus on Trading and Capital Markets personnel.
JOB DUTIES / RESPONSIBILITIES
The Product Control Manager will have responsibility for accounting and controlling of traded markets products including equities, total return swaps, futures, forwards, options, FX , Commercial Paper and security financing transactions.
The primary function of the role will be to take responsibility for calculation, analysis, explanation and reporting of specific daily, revenue figures. This also includes full reconciliation of all reported revenues with the traders and general ledger and consequently solving and reporting of these differences.
JOB SPECIFICATIONS
Generation and reporting of reliable Profit and Loss (P & L) information on a daily basis to traders, Management and accounting
Reconciliation of the P & L figures with traders and acquire sign-off
Reconciliation of the P & L figures with the general ledger
Analysis and explanation of P & L, cash balance and FX exposure information
Performance, trend analysis and comments on daily revenue figures and revenue related lines of the balance sheet and income statement
Resolution of ad hoc queries
Education and Experience
Bachelors Degree in Accounting/Finance
5 or more years of experience in finance/front office trading environment, working for a global financial services firm.
Knowledge of Financial Markets products
Experience with Sophis and SmartStream systems preferred
Knowledge of the USGAAP and International Accounting Standards
MS Excel intermediate to expert level
Risk awareness
Competencies and other Requirements
Very strong analytical skills and numerical insight
Strong communication & negotiation skills
Motivated and able to use own initiative
Results-oriented
Organizationally sensitive
Initiative and innovation driven
Please e-mail resume and brief cover letter to: Stuart@RosenthalRecruiting.com
Rosenthal Recruiting website has more information and ways to connect: http://www.RosenthalRecruiting.com
BLOG/LINKS/MEDIA TESTIMONIALS
Sunday, October 30, 2011
Boston MA Wed. 11/2/11 - Advice on Social Media & How Bernie Madoff Was Nabbed
After a very successful New York event last summer, Rosenthal Recruiting will be at an after-work event in Boston.
This is a convenient, informal yet professional event. This invitation has primarily gone out to the Broker/Dealer, Investment Adviser Compliance Officers Group in Boston and will be on Wednesday, November 2, 2011 from 5:30 to 8:00 PM (ET).
This will include speakers and an opportunity to network with the local Financial, Legal, Investment Management and Broker-Dealer community. It should also be a nice hour or two for others interested in these topics.
Please click here to forward - view or RSVP and reserve attendance.
Evening Agenda - Welcome - Hot Hors D'oeuves 5:30 - 6:00 pm
Event Speakers
Paul M. Tyrell, Esq., Counsel at Bingham McCutchen LLP
Topic - Social Media - The Devil's in the Details Guidelines & advice on how to use and not use Twitter, Facebook, LinkedIn, Google+
Frank R. Casey, Partner at SkyView Investment Advisers
Frank is Co-Founder of the Foxhounds Madoff Whistle Blower Team featured in the movie "Chasing Madoff." This was based on the book "No One Would Listen: A True Financial Thriller." Books & Autographs Available.
Discussion - 7:00 - 8:00 pm
Location: Market 21 Broad St. Boston, MA 02109 Hot Spot downtown Boston. Market serves great food with specialty cocktails. Not to mention an outdoor patio for dining, a roof top bar for appetizers and cocktails...although snow & cold may prevent patio & roof Wednesday at Market is Winedown Wednesdays...enjoy a glass and dinner following your discussion of Social Media Best Practices & How Madoff Was Caught/ View Market Website
Cash Bar open throughout the evening.
To repeat, please click here to View - Forward - RSVP attendance or go to Event Brite directly. That address is: http://www.eventbrite.com/event/2295074630
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For information on the New York August 2011 Mixer which had over 100 attendees - click here: NYC Broker/Dealer, Investment Advisers Compliance Officers LinkedIn Group Mixer . Address: http://brokerdealerinvestmentadvisernycmixer.eventbrite.com/
Thursday, September 22, 2011
Structured Products Compliance Officer - JOB OPENING in Asset Backed Finance (ABF) Dept of Major Investment Bank
Title: Structured Products Compliance - This position is part of the Asset Backed Finance (ABF) Department of a Major Investment Bank whose duties include:
1) Assist with developing, implementing and monitoring a risk-based compliance program to assure compliance with regulatory requirements and firm policies and procedures;
2) Participate in industry calls to understand and develop policies and procedures for proposed regulations impacting the ABF LOBs. Current focus will be on implementing regulations from Dodd-Frank, Volker Rule and amendments to Reg AB;
3)Become well versed in the products offered by ABF, the inherent risks of such products and the policies, procedures and controls surrounding them. Update and enhance such policies, procedures and controls to meet the changing needs of the businesses;
4) Prepare and present training materials to meet regulatory and firm requirements;
5) Assist in planning and preparation for exams and audits; prepare and gather documents to respond to regulatory inquiries;
6) Review to determine if employees are appropriately licensed;
7) Review marketing materials; review and documentation of MCRs;
8) Work with the deal teams to review and analyze required transaction documentation including, Structured Products Transaction Review Template, Compliance Certification, 23A Capital request forms; Provide support and surveillance to the ABF Syndicate Desk; 9) Liaise with Corporate Compliance to comply with required standards;
10) Participate on and potentially manage special projects;
11) Liaise with various support partners to provide advice and guidance to the business lines;
12) Assume full compliance responsibilities for specific areas/desks within ABF.
Required and Desired Skills & Experience
Understanding of the business lines and organizational structures noted above to facilitate interaction with investment bankers and traders; ability to develop a cross-functional knowledge of compliance responsibilities to gain a deep understanding of the regulatory framework, as well as specific internal and industry requirements.
Bachelors Degree Required.
For consideration by the Investment Bank Hiring Manager, please e-mail yiur resume and brief cover letter to: Stuart@RosenthalRecruiting.com
Website has more information and ways to connect: http://www.RosenthalRecruiting.com.
You call call 973-826-0537 first or email and ask for a call.
Tuesday, September 6, 2011
Mutual Fund Attorney - Job Opening: Up to $150K
Title: Mutual Fund Attorney
Up to $150,000 Package Company: Investment Management - Mutual Fund Company (in Washington D.C. area)
Type: Full-time, Permanent
Position Summary:
Must have S.E.C. Registration experience preferably three to seven years post J.D. with 1940-Act experience in current position, or in past.
Position will work with Legal Department on legal support matters for affiliated entities, including mutual funds advised by the Company and future investment companies organized as affiliated fund companies. The focus of the role will be to support 1940 Act Fund activities and will be largely responsible for owning the registration process, and other legal processes as assigned.
Required Education and Experience:
Experience required to fill this position should include familiarity with Mutual Funds and Mutual Fund regulation. Prefer candidates with the following specific requirements:
Must have current and recent experience over the last 3+ years working within the mutual fund/financial services industry
Up to 7+ years of Law Firm or in-house Paralegal experience
Knowledge and experience with Investment Company Act of 1940 and Securities Act of 1933 is required
Paralegal certification a plus
Knowledge of Mutual Fund Operations
Responsibilities include:
1. Drafting, reviewing and updating of regulatory materials, including registration statements and exemptive applications.
2. Handle aspects of registration statement process, including process enhancement and coordinating the printing of prospectuses and supplements.
3. Maintain master Legal Department calendar, including regulatory filings, board meetings and other non-routine projects.
4. Responsible for Legal Department document management and electronic files of regulatory materials.
5. Develop and maintain electronic reference library.
6. Oversight with respect to board meetings and the preparation of board materials including developing and maintaining pre- and post meeting processes.
7. Maintain and enhance project lists with respect to third party service providers to the Affiliated Funds.
8. Project management and manage special projects.
9. Draft initial registration statements for new funds
10. Manage contract authorization and negotiation process
11. Manage process related to contract terms and commitments
12. Maintain due diligence records for Sarbanes Oxley Process
13. Maintain legislative initiatives and update manuals
14. Update registration statement filing process (Maintain comment file and maintain binder of SEC response letters)
15. Document 497 filing process
16. Maintain master fund list in coordination with BISYS Legal Admin
17. Prepare and maintain Business Summary for Board meeting
18. Oversee authorized participant ETF handbook updates and dissemination
19. Oversee ISDA Master Agreement process and related documentation
20. Legal accounts payable administration
21. Other duties as assigned
Apply by Email with Resume and Cover Letter:
Stuart@RosenthalRecruiting.com
Website:
http://RosenthalRecruiting.com
Up to $150,000 Package Company: Investment Management - Mutual Fund Company (in Washington D.C. area)
Type: Full-time, Permanent
Position Summary:
Must have S.E.C. Registration experience preferably three to seven years post J.D. with 1940-Act experience in current position, or in past.
Position will work with Legal Department on legal support matters for affiliated entities, including mutual funds advised by the Company and future investment companies organized as affiliated fund companies. The focus of the role will be to support 1940 Act Fund activities and will be largely responsible for owning the registration process, and other legal processes as assigned.
Required Education and Experience:
Experience required to fill this position should include familiarity with Mutual Funds and Mutual Fund regulation. Prefer candidates with the following specific requirements:
Must have current and recent experience over the last 3+ years working within the mutual fund/financial services industry
Up to 7+ years of Law Firm or in-house Paralegal experience
Knowledge and experience with Investment Company Act of 1940 and Securities Act of 1933 is required
Paralegal certification a plus
Knowledge of Mutual Fund Operations
Responsibilities include:
1. Drafting, reviewing and updating of regulatory materials, including registration statements and exemptive applications.
2. Handle aspects of registration statement process, including process enhancement and coordinating the printing of prospectuses and supplements.
3. Maintain master Legal Department calendar, including regulatory filings, board meetings and other non-routine projects.
4. Responsible for Legal Department document management and electronic files of regulatory materials.
5. Develop and maintain electronic reference library.
6. Oversight with respect to board meetings and the preparation of board materials including developing and maintaining pre- and post meeting processes.
7. Maintain and enhance project lists with respect to third party service providers to the Affiliated Funds.
8. Project management and manage special projects.
9. Draft initial registration statements for new funds
10. Manage contract authorization and negotiation process
11. Manage process related to contract terms and commitments
12. Maintain due diligence records for Sarbanes Oxley Process
13. Maintain legislative initiatives and update manuals
14. Update registration statement filing process (Maintain comment file and maintain binder of SEC response letters)
15. Document 497 filing process
16. Maintain master fund list in coordination with BISYS Legal Admin
17. Prepare and maintain Business Summary for Board meeting
18. Oversee authorized participant ETF handbook updates and dissemination
19. Oversee ISDA Master Agreement process and related documentation
20. Legal accounts payable administration
21. Other duties as assigned
Apply by Email with Resume and Cover Letter:
Stuart@RosenthalRecruiting.com
Website:
http://RosenthalRecruiting.com
Monday, September 5, 2011
Recommended Activities for September 5 Give Labor Day
What can YOU do on 'Give' Labor Day? Six recommended activities for the September 5 Give Labor Day are:
1. Make a referral or introduction
2. Critique a resume
3. Rehearse a mock interview
4. Share relevant job openings
5. Leverage Facebook or LinkedIn connections
6. Help a friend write a cover letter
Please read about it here
Questions may be directed to: Stuart@RosenthalRecruiting.com or 973-826-0537.
Friday, July 15, 2011
Chief Compliance Officer - CFTC or NFA Tenure Required
Title: Chief Compliance Officer (CCO)
The Chief Compliance Officer opening - as most do - oversees the Company’s Compliance department, functioning as an objective body that reviews and evaluates compliance issues/concerns within the organization. The CCO position ensures that management and employees are in compliance with rules and regulations of regulatory agencies, that company policies and procedures are being followed, and that behavior in the organization meets company’s Standards of Conduct.
Salary: Commensurate with experience; Budgeted for range up to $350,000
Benefits: Medical, Dental, Vision, 401K Plan, Life Insurance
Location: New York, NY
KNOWLEDGE, SKILLS AND WORK EXPERIENCE REQUIRED:
* 7 + years of NFA and/or CFTC experience
*Audit, fraud prevention, AML, NFA Form 1-FR-FCM and the NFA's Financial Requirements
*Management experience required
*Ability to prioritize and handle complex compliance related projects.
*Must possess a strong work ethic and be a team player with the ability to work well under pressure.
*Strong analytical skills, including ability to design and document effective work processes.
*Strong research, organizational, problem-solving, and project management skills.
*Ability to develop and maintain effective working relationships with business managers.
*Excellent verbal and written communication skills
*Litigation/mitigation experience preferred
*Forex (FX), Currencies market experience preferred
*Bachelor’s Degree. Master’s or other Advanced Degree desired.
DUTIES AND RESPONSIBILITIES include:
* Develop, initiate, maintain, and revise policies and procedures for the general operation of the Compliance Department and its related activities to prevent illegal, unethical, or improper conduct. Manage day-to-day operation of the department.
* Provide guidance to Senior Managers on regulatory requirements.
* Develop, periodically review and update Standards of Conduct to ensure continuing currency and relevance in providing guidance to management and employees.
* Collaborate to direct compliance issues to appropriate existing channels for investigation and resolution. Consult with Legal and Attorney(s) as needed to resolve certain legal/compliance issues.
* Respond to alleged violations of rules, regulations, policies, procedures, and Standards of Conduct by evaluating or recommending the initiation of investigative procedures. Develops and oversees a system for uniform handling of such violations.
* Act as an independent review and evaluation body to ensure that compliance Issues/concerns within the organization are being appropriately evaluated, investigated and resolved.
* Monitor, and as necessary, coordinate compliance activities of other departments to remain abreast of the status of all compliance activities and to identify trends.
* Identify potential areas of compliance vulnerability and risk; develop/implement corrective action plans for resolution of problematic issues, and provide general guidance on how to avoid or deal with similar situations in the future.
* Provide reports on a regular basis, and when directed or requested, keep management informed of the operation and progress of compliance efforts.
* Ensure proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required.
* Institute and maintain an effective compliance communication program, including promoting understanding of new and existing compliance issues and related policies and procedures.
* Work with Human Resources and others to develop an effective compliance training program, including appropriate introductory training for new employees as well as ongoing training for all employees and managers.
* Monitor performance of the Compliance department and related activities, taking appropriate steps to improve its effectiveness.
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Please e-mail resume and brief cover letter to: Stuart@RosenthalRecruiting.com
The Rosenthal Recruiting website has more information and ways to connect: http://www.RosenthalRecruiting.com
The Chief Compliance Officer opening - as most do - oversees the Company’s Compliance department, functioning as an objective body that reviews and evaluates compliance issues/concerns within the organization. The CCO position ensures that management and employees are in compliance with rules and regulations of regulatory agencies, that company policies and procedures are being followed, and that behavior in the organization meets company’s Standards of Conduct.
Salary: Commensurate with experience; Budgeted for range up to $350,000
Benefits: Medical, Dental, Vision, 401K Plan, Life Insurance
Location: New York, NY
KNOWLEDGE, SKILLS AND WORK EXPERIENCE REQUIRED:
* 7 + years of NFA and/or CFTC experience
*Audit, fraud prevention, AML, NFA Form 1-FR-FCM and the NFA's Financial Requirements
*Management experience required
*Ability to prioritize and handle complex compliance related projects.
*Must possess a strong work ethic and be a team player with the ability to work well under pressure.
*Strong analytical skills, including ability to design and document effective work processes.
*Strong research, organizational, problem-solving, and project management skills.
*Ability to develop and maintain effective working relationships with business managers.
*Excellent verbal and written communication skills
*Litigation/mitigation experience preferred
*Forex (FX), Currencies market experience preferred
*Bachelor’s Degree. Master’s or other Advanced Degree desired.
DUTIES AND RESPONSIBILITIES include:
* Develop, initiate, maintain, and revise policies and procedures for the general operation of the Compliance Department and its related activities to prevent illegal, unethical, or improper conduct. Manage day-to-day operation of the department.
* Provide guidance to Senior Managers on regulatory requirements.
* Develop, periodically review and update Standards of Conduct to ensure continuing currency and relevance in providing guidance to management and employees.
* Collaborate to direct compliance issues to appropriate existing channels for investigation and resolution. Consult with Legal and Attorney(s) as needed to resolve certain legal/compliance issues.
* Respond to alleged violations of rules, regulations, policies, procedures, and Standards of Conduct by evaluating or recommending the initiation of investigative procedures. Develops and oversees a system for uniform handling of such violations.
* Act as an independent review and evaluation body to ensure that compliance Issues/concerns within the organization are being appropriately evaluated, investigated and resolved.
* Monitor, and as necessary, coordinate compliance activities of other departments to remain abreast of the status of all compliance activities and to identify trends.
* Identify potential areas of compliance vulnerability and risk; develop/implement corrective action plans for resolution of problematic issues, and provide general guidance on how to avoid or deal with similar situations in the future.
* Provide reports on a regular basis, and when directed or requested, keep management informed of the operation and progress of compliance efforts.
* Ensure proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required.
* Institute and maintain an effective compliance communication program, including promoting understanding of new and existing compliance issues and related policies and procedures.
* Work with Human Resources and others to develop an effective compliance training program, including appropriate introductory training for new employees as well as ongoing training for all employees and managers.
* Monitor performance of the Compliance department and related activities, taking appropriate steps to improve its effectiveness.
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Please e-mail resume and brief cover letter to: Stuart@RosenthalRecruiting.com
The Rosenthal Recruiting website has more information and ways to connect: http://www.RosenthalRecruiting.com
Friday, July 8, 2011
Position Title: Law Firm Senior Associate or Counsel
Employer: A-List Top-Ranked AmLaw Law Firm.
Requirements:
Knowledge of FINRA rules, regulations, practice and experience advising financial institutions in this area, particularly relating to Securities Offerings and/or experience working at FINRA.
Preferred - Ideal Candidate:
Top grades/credentials
Class Year:
2000-2002 JD year
Salary: up to $290,000 per year. Bonus eligible.
Please e-mail resume and brief cover letter to: Stuart@RosenthalRecruiting.com
If you prefer feel free to call (973) 826-0537 to discuss this opportunity
More on the Law Firm?
With over 1,000 attorneys in numerous offices and countries, this New York-based Firm handles one of the largest number M&A transactions of any U.S. firm annually, is one of the highest grossing law firms in the world, and most recently announced bonuses that kept pace with the market leaders. Current employees praise both the work and their co-workers at the firm, many saying it is the best place for associates.
Employer: A-List Top-Ranked AmLaw Law Firm.
Requirements:
Knowledge of FINRA rules, regulations, practice and experience advising financial institutions in this area, particularly relating to Securities Offerings and/or experience working at FINRA.
Preferred - Ideal Candidate:
Top grades/credentials
Class Year:
2000-2002 JD year
Salary: up to $290,000 per year. Bonus eligible.
Please e-mail resume and brief cover letter to: Stuart@RosenthalRecruiting.com
If you prefer feel free to call (973) 826-0537 to discuss this opportunity
More on the Law Firm?
With over 1,000 attorneys in numerous offices and countries, this New York-based Firm handles one of the largest number M&A transactions of any U.S. firm annually, is one of the highest grossing law firms in the world, and most recently announced bonuses that kept pace with the market leaders. Current employees praise both the work and their co-workers at the firm, many saying it is the best place for associates.
Wednesday, June 29, 2011
This update provides some current Rosenthal Recruiting opportunities with links for more information. To view in HTML with live links please click here or go to http://conta.cc/iSOL6H
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Securities Counsel - Blue Sky Practice
Leading US Law Firm - New York Office Counsel Level. JD 2003 - 2006 ideally. Read More.
ISDA Negotiator - Attorney and Negotiator
5+ Required: Negotiating Master aAgreements with Pension Plans and Investment Advisors. Vice President (VP) to Director level: Candidates with 7 + years of negotiating experience or more will be considered. JD preferred but not required. Salary Up to: $200,000
Hedge Fund Compliance Officer
Located in New York. Manage, implement and maintain compliance program. Reports directly to the General Counsel/Chief Compliance Officer. Responsibilities include: Design new compliance initiatives as Regulations, Legal, Compliance and business requirements evolve. Salary: $120,000.
Paralegal - Investment Management Requires 3+ years working for a Mutual Fund Company, 7-10 years total work experience, knowledge and experience with the Investment Advisers Act of 1940 and Securities Act of 1933. Experience with ETFs is preferred. Compensation: Up to $75,000 with up to 20% bonus potential. Near Washington DC and relocation reimbursement is available.
These openings may be seen at the Rosenthal Recruiting Job Board.
Please note that other active openings are not posted, one is for Broker-Dealer Registration Compliance Officer and another is Options Market Making Compliance. Both jobs located in New Jersey. For the Registration Compliance Officer, the base salary is $75,000 + bonus Requires: FINRA CRD filings, U-4, U-5., Web CRD. Options Market Making can pay up to $200,000 per year.
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Thanks for reading and reviewing this. Please call anytime or send me an email. After, you send a resume we can discuss roles, companies and anything else you would be interested in when considering a new position.
Sincerely,
Stuart Rosenthal
Stuart@RosenthalRecruiting.com
(973) 826-0537
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Securities Counsel - Blue Sky Practice
Leading US Law Firm - New York Office Counsel Level. JD 2003 - 2006 ideally. Read More.
ISDA Negotiator - Attorney and Negotiator
5+ Required: Negotiating Master aAgreements with Pension Plans and Investment Advisors. Vice President (VP) to Director level: Candidates with 7 + years of negotiating experience or more will be considered. JD preferred but not required. Salary Up to: $200,000
Hedge Fund Compliance Officer
Located in New York. Manage, implement and maintain compliance program. Reports directly to the General Counsel/Chief Compliance Officer. Responsibilities include: Design new compliance initiatives as Regulations, Legal, Compliance and business requirements evolve. Salary: $120,000.
Paralegal - Investment Management Requires 3+ years working for a Mutual Fund Company, 7-10 years total work experience, knowledge and experience with the Investment Advisers Act of 1940 and Securities Act of 1933. Experience with ETFs is preferred. Compensation: Up to $75,000 with up to 20% bonus potential. Near Washington DC and relocation reimbursement is available.
These openings may be seen at the Rosenthal Recruiting Job Board.
Please note that other active openings are not posted, one is for Broker-Dealer Registration Compliance Officer and another is Options Market Making Compliance. Both jobs located in New Jersey. For the Registration Compliance Officer, the base salary is $75,000 + bonus Requires: FINRA CRD filings, U-4, U-5., Web CRD. Options Market Making can pay up to $200,000 per year.
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Thanks for reading and reviewing this. Please call anytime or send me an email. After, you send a resume we can discuss roles, companies and anything else you would be interested in when considering a new position.
Sincerely,
Stuart Rosenthal
Stuart@RosenthalRecruiting.com
(973) 826-0537
Wednesday, June 8, 2011
SEC investigative tests that compliance personnel should employ —the George Motz case
On May 11, 2011, a sad chapter closed in the life of one George M Motz, once a highly-compensated investment executive but currently a resident of the Federal Correctional Institution in Otisville, NY. On that day, the US Securities and Exchange Commission (SEC) issued a notice announcing that it had accepted an offer of settlement from Motz which would heap administrative punishments on top of the eight-year prison term that had relegated him to tenancy at Otisville.
Motz's sentencing in 2010 rated a blurb in the online edition of a business magazine, but the coda regarding his latest SEC penalties has not seemed to merit a mention in the press.
The matter of George Motz and his sometime firm, Melhado, Flynn & Associates, Inc., once a registered brokerdealer and investment adviser, is an object lesson for investment adviser compliance professionals and the firms they shepherd. The saga has much to tell us about the importance of good compliance controls over a firm's portfolio management processes and, in particular, about the wisdom of an impartial and unimpeachable trade allocation policy.
Cherry-picking
Motz drew the ire of the SEC for the practice of "cherry-picking"; that is, saving the choicest trades for proprietary or otherwise-favored accounts, while foisting the clunkers off on the accounts of the less fortunate. The SEC notice averred that "Motz accomplished this cherry-picking by purchasing securities toward the beginning of the trading day but waiting until later in the day – after he saw whether the securities appreciated in value – to allocate the securities."
Accounts differ slightly on when Motz became a fraud. The SEC says that the cherry-picking was underway by "at least" 2001, while the Department of Justice mentions November 2000. In the fall of 2003, Melhado, Flynn was examined by the Commission. Motz and an accomplice were apparently able to postpone his inevitable collision with justice through some chicanery. They "altered certain order tickets relating to the cherry-picked trades in order to try to conceal his fraudulent practices from" the authorities (prosecutors and regulators would later add violations of the books and records requirement of the Investment Advisers Act of 1940 to the litany of Motz's offenses). Motz was issued an "Order Instituting Proceedings" on February 26, 2007.
The above is Page 1 of 4 of an article titled “SEC investigative tests that compliance personnel should employ — the George Motz case”
You may access the above complete article at https://www.complinet.com – or by contacting the author or Stuart@RosenthalRecruiting.com to receive a PDF version.
The author is:
Philip Thomas - the managing director, Asia, of CompliGlobe Limited, the regulatory advisory provider to a range of financial services firms and foreign private issuers. He is based in Hong Kong. At CompliGlobe, Philip focuses on the creation and maintenance of compliance programs and systems at market participants in Europe, Asia and the US. He also assists overseas companies in addressing their
US filing requirements, and in negotiating ISDA agreements and managing the risk associated with OTC derivatives. Philip is a securities and regulatory attorney with both in house and law firm experience. He has also served as the chief compliance officer to several money management concerns.
Sunday, May 15, 2011
Prime Brokerage Attorney, Compliance Manager & Top Law Firm Regulatory Attorney in NY
A few openings are active, in Manhattan and here is a brief summary:
Prime Brokerage Attorney. Requires a JD with knowledge of contracts for Prime Brokerage clients and Commission Sharing Agreements.The Company is a leading US based Broker-Dealer and Investment Bank. If you have worked with prime brokerage contracts, and would be interested please reply with a resume in Word format. Then we can discuss the Company, your ideal position and compensation.
Compliance Manager role overseeing a staff that includes oversight of Registration, Web CRD etc.
Top Law Firm. Regulatory Attorney to work with its technology practice and the corporate department. The ideal candidate will have three or more years working at the S.E.C. or FINRA in Washington in Investment Management or Trading and Markets - as well as experience working at a large law firm.
Rosenthal Recruiting has posted job opportunities and we handle some opportunities that are not posted such as those referenced above. You can follow Rosenthal Recruiting at LinkedIn, the Ladders (may require login or fee) or twitter to receive notification on jobs and other suggestions. These are ways to be informed of opportunities and when Rosenthal Recruiting receives a resume we identify new openings a candidate would be interested in.
One current position has been removed from the Ladders because the base salary target is now $85,000 - less than the 100K required. Hedge Fund Compliance Officer may be viewed at the Rosenthal Recruiting Job Board. Responsibilities: Manage, implement and maintain the Compliance program for a S.E.C. Registered Hedge Fund. The Fund Company has $3 billion Asset Under Management (AUM). The candidate must have 2 + years of experience gained from a Hedge Fund or the Alternative Investment group of an Institutional Investment Bank.
In addition to the follow feature at LinkedIn and twitter please Subscribe to an RSS Feed for the Rosenthal Recruiting Job Board and view Rosenthal Recruiting on Facebook without logging in – to make a comment registration may be required.
Outside the NY Metro area, a Paralegal in-house opening. – office in the Potomac region - near Washington DC – Baltimore. A very successful, cutting edge Money Manager. Paralegal base salary at $75,000 + 20% Bonus
Review Job Description here.
This Job was posted on Bill Singer's BrokeAndBroker.com Blog in Bill’s piece titled ‘Customer Claims Merrill Lynch Nickel-and-Dimed a Two-Bit BZ Order’ on May 10 Full Job description is at the bottom at: http://www.BrokeandBroker.com/875/merrill-lynch-bz-limit.
To apply for a Job and get a quick response, please: review the Job Description. Then E-mail your resume and cover letter to Stuart@RosenthalRecruiting.com or call (973) 826-0537 for more information.
Prime Brokerage Attorney. Requires a JD with knowledge of contracts for Prime Brokerage clients and Commission Sharing Agreements.The Company is a leading US based Broker-Dealer and Investment Bank. If you have worked with prime brokerage contracts, and would be interested please reply with a resume in Word format. Then we can discuss the Company, your ideal position and compensation.
Compliance Manager role overseeing a staff that includes oversight of Registration, Web CRD etc.
Top Law Firm. Regulatory Attorney to work with its technology practice and the corporate department. The ideal candidate will have three or more years working at the S.E.C. or FINRA in Washington in Investment Management or Trading and Markets - as well as experience working at a large law firm.
Rosenthal Recruiting has posted job opportunities and we handle some opportunities that are not posted such as those referenced above. You can follow Rosenthal Recruiting at LinkedIn, the Ladders (may require login or fee) or twitter to receive notification on jobs and other suggestions. These are ways to be informed of opportunities and when Rosenthal Recruiting receives a resume we identify new openings a candidate would be interested in.
One current position has been removed from the Ladders because the base salary target is now $85,000 - less than the 100K required. Hedge Fund Compliance Officer may be viewed at the Rosenthal Recruiting Job Board. Responsibilities: Manage, implement and maintain the Compliance program for a S.E.C. Registered Hedge Fund. The Fund Company has $3 billion Asset Under Management (AUM). The candidate must have 2 + years of experience gained from a Hedge Fund or the Alternative Investment group of an Institutional Investment Bank.
In addition to the follow feature at LinkedIn and twitter please Subscribe to an RSS Feed for the Rosenthal Recruiting Job Board and view Rosenthal Recruiting on Facebook without logging in – to make a comment registration may be required.
Outside the NY Metro area, a Paralegal in-house opening. – office in the Potomac region - near Washington DC – Baltimore. A very successful, cutting edge Money Manager. Paralegal base salary at $75,000 + 20% Bonus
Review Job Description here.
This Job was posted on Bill Singer's BrokeAndBroker.com Blog in Bill’s piece titled ‘Customer Claims Merrill Lynch Nickel-and-Dimed a Two-Bit BZ Order’ on May 10 Full Job description is at the bottom at: http://www.BrokeandBroker.com/875/merrill-lynch-bz-limit.
To apply for a Job and get a quick response, please: review the Job Description. Then E-mail your resume and cover letter to Stuart@RosenthalRecruiting.com or call (973) 826-0537 for more information.
Tuesday, March 22, 2011
Chief Compliance Officer - Broker-Dealer and Registered Investment Advisor - NY, midtown
Title: Chief Compliance Officer (CCO)
Company: Broker-Dealer and Registered Investment Advisor
Location: Midtown - New York, NY
Overview:
Oversee, implement and participate in Broker-Dealer (BD) and Registered Investment Advisor (RIA) compliance programs.
RIA focus is separately managed accounts as well as unregistered investment partnerships.
BD offers Research and publishes research reports. About 30 total employees.
Responsibilities:
Draft, update and implement all firm policies and procedures both for our BD and RIA
Familiarity both BD and IA applicable regulations
Keep management up to date on new and proposed rules and Information Memorandums,
Oversee and directly participate in the maintenance and filings of Forms BD, ADV and blue sky registration,
Oversee and participate in OATS and ACT Reviews,
Oversee and participate in surveillance of employee trading, email and IM
Maintain and oversee watch and restricted lists,
Oversee Reg. AC and Rule 2711 Governing research Analysts’ conflicts of interest,
Familiarity with Hedge Funds Compliance issues,
Prepare responses to all regulatory inquiries and examinations,
Review firm marketing material,
Responsible for compliance monitoring and testing related to SEC Rule 206 (4)-7 and FINRA Rule 3012,
Familiarity with sales practices, Reg. SP and AML testing,
Oversee one Compliance Analyst
Series 7 and 24 Required (CURRENT)
To apply for this Chief Compliance Officer Job and get a quick response, please 1)review the Job Description.
2) E-mail your resume and cover letter to Stuart@RosenthalRecruiting.com or call (973) 826-0537 for more information.
Please feel free to inquire about other opportunities that may not or cannot be listed.
Company: Broker-Dealer and Registered Investment Advisor
Location: Midtown - New York, NY
Overview:
Oversee, implement and participate in Broker-Dealer (BD) and Registered Investment Advisor (RIA) compliance programs.
RIA focus is separately managed accounts as well as unregistered investment partnerships.
BD offers Research and publishes research reports. About 30 total employees.
Responsibilities:
Draft, update and implement all firm policies and procedures both for our BD and RIA
Familiarity both BD and IA applicable regulations
Keep management up to date on new and proposed rules and Information Memorandums,
Oversee and directly participate in the maintenance and filings of Forms BD, ADV and blue sky registration,
Oversee and participate in OATS and ACT Reviews,
Oversee and participate in surveillance of employee trading, email and IM
Maintain and oversee watch and restricted lists,
Oversee Reg. AC and Rule 2711 Governing research Analysts’ conflicts of interest,
Familiarity with Hedge Funds Compliance issues,
Prepare responses to all regulatory inquiries and examinations,
Review firm marketing material,
Responsible for compliance monitoring and testing related to SEC Rule 206 (4)-7 and FINRA Rule 3012,
Familiarity with sales practices, Reg. SP and AML testing,
Oversee one Compliance Analyst
Series 7 and 24 Required (CURRENT)
To apply for this Chief Compliance Officer Job and get a quick response, please 1)review the Job Description.
2) E-mail your resume and cover letter to Stuart@RosenthalRecruiting.com or call (973) 826-0537 for more information.
Please feel free to inquire about other opportunities that may not or cannot be listed.
Thursday, February 10, 2011
Dodd Frank Costs and $100,000 + Job Opportunity
Registration To Cost PE Firms Close To $1B This Year. Full cost of having to register as Investment Advisers has really started to sink in with buyout shops - writes - PE HUB's David M. Toll. Olympus Partners puts the figure for itself at $500,000 to $600,000 by late spring, not counting annual costs beyond (see other estimates below).
Latest role posted on the Rosenthal Recruiting Job Board yesterday – will be located in Charlotte, NC.
Responsibilities are related to the build out and support of projects related to Dodd-Frank requirements on Derivatives, including establishment of a client clearing initiative and Futures Commission Merchant (FCM).
On the Rosenthal Job Board the position is titled Interest Rates and Futures Compliance Officer.
The job listing can be viewed at the following location:
http://RosenthalRecruiting.jobamatic.com/a/jbb/job-details/444966
----
Summary from PE Hub:
Cost of compliance? Excerpts from comments submitted last month to the SEC by five PE shops, most of which asked the agency to delay implementation of registration requirement for a year.
Robert S. Morris, Managing Partner, Olympus Partners:
…compliance manuals, employee trading records, legal documentation, hiring of Compliance Managers and extra audits incur costs estimated to total $500-$600,000 that need to be incurred by us by late Spring in order to comply.
David S. Lobel, Managing Partner, Sentinel Capital Partners:
…The bottom line for us is that in total we will have to spend between $500,000-$600,000 in 2011 and more than $375,000 per year thereafter for compliance manuals and oversight, employee trading records, legal documentation, and the hiring of additional compliance employees. To pay for this, we will need to cut employee costs elsewhere, and at the very least, we will have to postpone hiring productive professionals who can help us grow our business…
Andrew M. Bursky, Chairman, Atlas Holdings LLC:
…It remains unclear precisely what the direct cost of compliance will be, but our legal and accounting advisers tell us to count on $350,000 to $500,000
David L. Schnadig, Managing Partner, Cortec Group:
…we have been told that we will have to pay a custodian $10-$15,000 per year to “safeguard” these certificates. We have been told by our lawyers that it will cost us $75,000 to $150,000 to write a compliance manual…Furthermore, the [Dodd-Frank Act] requires we add a compliance officer (who has to be a senior-level executive), at a minimum annual compensation of $200,000 yet we do not engage in any activity the Act wishes to monitor. Finally, our counsel estimates a cost of $75,000 to $100,000 to document our efforts related to registration…
Latest role posted on the Rosenthal Recruiting Job Board yesterday – will be located in Charlotte, NC.
Responsibilities are related to the build out and support of projects related to Dodd-Frank requirements on Derivatives, including establishment of a client clearing initiative and Futures Commission Merchant (FCM).
On the Rosenthal Job Board the position is titled Interest Rates and Futures Compliance Officer.
The job listing can be viewed at the following location:
http://RosenthalRecruiting.jobamatic.com/a/jbb/job-details/444966
----
Summary from PE Hub:
Cost of compliance? Excerpts from comments submitted last month to the SEC by five PE shops, most of which asked the agency to delay implementation of registration requirement for a year.
Robert S. Morris, Managing Partner, Olympus Partners:
…compliance manuals, employee trading records, legal documentation, hiring of Compliance Managers and extra audits incur costs estimated to total $500-$600,000 that need to be incurred by us by late Spring in order to comply.
David S. Lobel, Managing Partner, Sentinel Capital Partners:
…The bottom line for us is that in total we will have to spend between $500,000-$600,000 in 2011 and more than $375,000 per year thereafter for compliance manuals and oversight, employee trading records, legal documentation, and the hiring of additional compliance employees. To pay for this, we will need to cut employee costs elsewhere, and at the very least, we will have to postpone hiring productive professionals who can help us grow our business…
Andrew M. Bursky, Chairman, Atlas Holdings LLC:
…It remains unclear precisely what the direct cost of compliance will be, but our legal and accounting advisers tell us to count on $350,000 to $500,000
David L. Schnadig, Managing Partner, Cortec Group:
…we have been told that we will have to pay a custodian $10-$15,000 per year to “safeguard” these certificates. We have been told by our lawyers that it will cost us $75,000 to $150,000 to write a compliance manual…Furthermore, the [Dodd-Frank Act] requires we add a compliance officer (who has to be a senior-level executive), at a minimum annual compensation of $200,000 yet we do not engage in any activity the Act wishes to monitor. Finally, our counsel estimates a cost of $75,000 to $100,000 to document our efforts related to registration…
Thursday, February 3, 2011
Regulatory Project Manager Job in NY | S.E.C. may hire 800 to implement Dodd-Frank
While Mary Schapiro, S.E.C. chairwoman, says she needs to hire 800 to carry out the Dodd-Frank financial regulatory overhaul,
a major NY-based Global Financial Leader has the following Requirements. Now hiring for a position titled “REGULATORY PROJECT MANAGER” to lead to Dodd-Frank and other Regulatory implementation:
-Experience working with IT, Attorneys, Compliance Management and professionals.
-Experience working with financial services' Compliance preferably in an Investment Bank, Exchange, SRO, Futures Enterprise or Broker-Dealer
-Understanding of Derivatives strongly preferred.
- 5+ years in Project Management, Compliance, Strategic Planning or similar role, with emphasis in financial services. Will also consider experience as a project manager or a team lead in a major company-wide initiative.
ROLE SUMMARY:
This position is for an experienced Project Manager to act as a consultant to manage a firm-wide business initiative to restructure its activities in accordance with new regulatory requirements for derivatives trading. The candidate will focus on management and tracking changes to the firm’s trading systems, infrastructure and related technologies as well redeployment and structuring of the compliance program to satisfy new requirements.
The ideal candidate will have experience in financial services, either leading or performing a significant management role for projects that involve detailed regulatory requirements.
The candidate will need to identify business leads for each functional area (IT, finance, trading, compliance, legal and audit), and act as a liaison between the groups to identify issues and track that solutions are being developed and implemented.
Additionally, knowledge of Compliance programs as well as Trading systems is strongly preferred. The candidate will be expected to inventory the areas of the firm impacted by the new regulatory requirements and develop and maintain an overall project plan as well as for each area impacted.
Please look at overview here or request details, reply or call if you would like to discuss.
__________________________
Stuart@RosenthalRecruiting.com
(973) 826-0537
http://RosenthalRecruiting.com
-Experience working with IT, Attorneys, Compliance Management and professionals.
-Experience working with financial services' Compliance preferably in an Investment Bank, Exchange, SRO, Futures Enterprise or Broker-Dealer
-Understanding of Derivatives strongly preferred.
- 5+ years in Project Management, Compliance, Strategic Planning or similar role, with emphasis in financial services. Will also consider experience as a project manager or a team lead in a major company-wide initiative.
ROLE SUMMARY:
This position is for an experienced Project Manager to act as a consultant to manage a firm-wide business initiative to restructure its activities in accordance with new regulatory requirements for derivatives trading. The candidate will focus on management and tracking changes to the firm’s trading systems, infrastructure and related technologies as well redeployment and structuring of the compliance program to satisfy new requirements.
The ideal candidate will have experience in financial services, either leading or performing a significant management role for projects that involve detailed regulatory requirements.
The candidate will need to identify business leads for each functional area (IT, finance, trading, compliance, legal and audit), and act as a liaison between the groups to identify issues and track that solutions are being developed and implemented.
Additionally, knowledge of Compliance programs as well as Trading systems is strongly preferred. The candidate will be expected to inventory the areas of the firm impacted by the new regulatory requirements and develop and maintain an overall project plan as well as for each area impacted.
Please look at overview here or request details, reply or call if you would like to discuss.
__________________________
Stuart@RosenthalRecruiting.com
(973) 826-0537
http://RosenthalRecruiting.com
Friday, January 7, 2011
Chief Compliance Officer (CCO) Job Broker-Dealer and Registered Investment Advisor - $200-250+ Bonus
Responsible for Compliance of a U.S. Broker-Dealer and Registered Investment Advisor. Travel schedule according to the office where CCO is based. Can be in TX, Chicago, NJ or another City. Qualifications: Series 7, 24, 66. 63, 65 or 66 10+ years in BD/IA financial compliance position. Advanced knowledge of FINRA/SEC rules/regulations for broker/dealers, investment advisors.
The office can be one of several major regional offices of this national Broker-Dealer and Registered Investment Advisor.
If you are interested please call (973) 826-0537 or send an email to learn the exact city names.
Email: Stuart@RosenthalRecruiting.com
Website: http://RosenthalRecruiting.com
Read more and apply.
The office can be one of several major regional offices of this national Broker-Dealer and Registered Investment Advisor.
If you are interested please call (973) 826-0537 or send an email to learn the exact city names.
Email: Stuart@RosenthalRecruiting.com
Website: http://RosenthalRecruiting.com
Read more and apply.
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