Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

CAROLYN DAVIDSON

Tampa

Summary

Experienced banking and securities compliance professional with over 15 years of industry expertise. Extensive audit background acquired through regulatory body roles. Proven track record in designing and implementing comprehensive compliance, risk, AML, and privacy frameworks that have enhanced risk management practices. Recognized for elevating compliance governance through innovative market surveillance tools, training initiatives, and improved board reporting, resulting in enhanced regulatory risk ratings for the firm.

Overview

25
25
years of professional experience
1
1
Certification

Work History

Associate Director, Employee Compliance

Depositary Trust and Clearing Corporation (DTCC)
11.2021 - Current
  • Manager to a group of compliance officers on the Employee Compliance team.
  • Develop, execute, and train staff on the Policies, Procedures and Job Aids for Employee Compliance and Corporate Ethic.
  • Manage projects and provide senior management on its progression to completion.
  • Train staff on how to conduct market reviews and to identify the misuse of Material Non-Public Information (MNPI).
  • Be the subject matter expert on securities trading and trade conduct compliance.
  • Be the subject matter expert on ethics and conflicts of interest.
  • Identify and manage gaps in the program through control testing.

Vice President, Compliance Assurance (Audit and Testing)

Citigroup Management Corp, Institutional Client Group (ICG)
06.2015 - 06.2019
  • Built standard review programs in accordance with the Compliance Assurance Standards.
  • Executed the compliance testing plan within Citi’s businesses within North America (NAM) to assess the firm’s effectiveness in mitigating risk by implementing effective controls.
  • Evaluated the businesses’ compliance framework for regulatory rules and requirements, such as the Federal Reserve Board (FRB), Financial Industry Regulatory Authority (FINRA), the U.S Securities and Exchange Commission (SEC), the Office of the Comptroller of the Currency (OCC), and the U.S and international regulators relating to AML and Sanctions.
  • Built and executed risk assessment reviews and control processes to evaluate the risk levels within business units.
  • Collaborated with the businesses and compliance on issues and concerns found as the review progresses to start remediation process.
  • Worked with the businesses in developing Correct Action Plans for remediation of issues and ensured that they are implemented.

Chief Compliance Officer (CCO)

M Partners Inc.
11.2013 - 06.2015
  • Maintained compliance oversight for securities trading, research, and corporate finance.
  • Advised senior leadership on strategic initiatives from a compliance perspective, ensuring alignment with organizational values and objectives.
  • Led the AML program, developed and maintained effective policies and procedures.
  • Led the Aligned Risk program, developed stress testing and risk reviews.
  • Built and maintained a strong governance, risk management and compliance program.
  • Developed and maintained policies and procedures for privacy and data security.
  • First point of contact with securities regulators.
  • Developed and implemented compliance policies to mitigate risk across all operational areas.
  • Led training programs to enhance staff understanding of regulatory requirements and best practices.
  • Conducted thorough audits to ensure adherence to industry standards and internal controls.
  • Collaborated with cross-functional teams to streamline compliance processes and reporting mechanisms.
  • Monitored changes in legislation, adapting company policies accordingly to maintain compliance.
  • Established effective communication channels for reporting compliance issues and concerns.
  • Drove initiatives to foster a culture of compliance throughout the organization, enhancing overall performance.
  • Analyzed compliance data to identify trends, facilitating proactive decision-making in risk management strategies.
  • Actively participated in industry committees or associations for better understanding of trends affecting peers in similar roles.
  • Represented organization at industry conferences and events.

Manager of Trade Conduct Compliance

Questrade Inc.
06.2012 - 11.2013
  • Led the compliance programs and initiatives within trading.
  • Served as a secondary contact with IIROC, FINRA, FINTRAC, FinCEN, OSC, and other regulatory bodies.
  • The firms' resource matter expert on regulatory matters concerning broker-dealer compliance and risk management.
  • Provided training and support to compliance officers and traders on compliance and the maintaining of CE credits.
  • Streamlined and monitored quality programs to alleviate overdue compliance activities.
  • Established performance goals for employees and provided feedback on methods for reaching those milestones.

Trading Conduct Examiner (Auditing)

Canadian Investment Regulatory Organization (CIRO)
02.2008 - 06.2012
  • Conducted thorough examinations of investment products to ensure compliance with regulatory standards.
  • Reviewed participants' equity trading on the stock markets and alternative trading systems, policies and procedures for compliance with federal and states securities rules and regulations.
  • Conducted audit reviews of Participants’ fixed income, over-the-counter equities and derivatives trading records, policies, and procedures.
  • Conducted meetings with senior members of firms to discussed reviews and findings.
  • Analyzed complex financial data to identify potential risks and recommend corrective actions.
  • Developed comprehensive reports outlining findings and recommendations for stakeholders.
  • Developed strong relationships with internal and external stakeholders, fostering open communication and collaboration.
  • Served as a subject matter expert on specific industries or types of applications, guiding colleagues in their evaluations when needed.
  • Streamlined examination processes for increased efficiency and consistency in decision making.

Trader – Compliance Officer

Scotia Mcleod
10.2000 - 02.2008
  • Agency trading in equities and fixed income securities.
  • Managed margin accounts to ensure comply with regulatory requirements.
  • Managed the house inventory and error accounts.
  • Conducted risk rating of branches that are used in the planning and scheduling of future audit reviews.
  • Provided training and support to the branch managers and representatives as needed.

Education

Masters - Juris Masters

Florida State University
Tallahassee, FL
01.2020

Bachelor of Commerce - Finance and Administrative Management

Concordia University
Montreal, QC
01.1999

Skills

  • Project management
  • Strategic leadership
  • Analytical thinking
  • Coaching and mentoring
  • Relationship building
  • Decision-making
  • Process improvement
  • Organizational development
  • Corporate governance
  • Risk analysis

Certification

  • Securities Industry Essentials (SIE) (2024) FINRA
  • Canadian Securities Course (CSC)
  • Conduct and Practice Handbook (CPH)
  • Derivative Fundamental Course (DFC)
  • Options Licensing Course (OLC)
  • Partners Directors and Senior Officers Course (PDO)
  • Traders Training Course (TTC) Options Supervisory Course (OPSC)
  • Chief Compliance Officer Qualifying Exam (CCO)

Timeline

Associate Director, Employee Compliance

Depositary Trust and Clearing Corporation (DTCC)
11.2021 - Current

Vice President, Compliance Assurance (Audit and Testing)

Citigroup Management Corp, Institutional Client Group (ICG)
06.2015 - 06.2019

Chief Compliance Officer (CCO)

M Partners Inc.
11.2013 - 06.2015

Manager of Trade Conduct Compliance

Questrade Inc.
06.2012 - 11.2013

Trading Conduct Examiner (Auditing)

Canadian Investment Regulatory Organization (CIRO)
02.2008 - 06.2012

Trader – Compliance Officer

Scotia Mcleod
10.2000 - 02.2008

Masters - Juris Masters

Florida State University

Bachelor of Commerce - Finance and Administrative Management

Concordia University

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CAROLYN DAVIDSON