Charity Davidenko
Regulatory Compliance
Belleville,NJ
Summary
Dynamic compliance professional with extensive experience at ACA Group, adept at enhancing compliance programs and conducting thorough regulatory examinations. Proven ability to streamline processes and implement effective training initiatives. Proficient in Salesforce and skilled in risk assessment, fostering strong client relationships while ensuring adherence to SEC and FINRA regulations.
Overview
20
20
years of professional experience
Work History
Senior Principal Consultant/Outsourced Chief Compliance Officer
ACA Group
New York
06.2023 - 02.2026
- Executed regulatory and compliance functions, including onsite consulting, direct CCO support, conducting examinations, customizing policies and procedures, and guiding clients in achieving best-in-class compliance programs.
- Served as Outsourced Chief Compliance Officer, conducting inspections of supervisory jurisdictions and branch offices to ensure adherence to compliance standards.
- Oversaw a portfolio of 20 clients, including registered broker-dealers, investment advisory firms, investment banking firms, and private funds, fostering strong client relationships and compliance.
- Provided consulting to broker-dealer clients and investment advisory clients
- Completed onsite examinations, testing, and other onsite client visits.
- Reported to senior management regarding any potential or perceived violations of applicable laws, rules, or company policies.
- Collaborated with business development by providing technical expertise and industry knowledge.
- Created and updated various filings, including, but not limited to Forms BD, BR, U4, U5 forms along with NFA filings.
Independent Contractor
Prager & Co., LLC, Chief Compliance Officer; Triad Securities Corporation, Compliance Director
New York
01.2021 - 02.2023
- Designed and implemented compliance testing program to monitor and identify gaps in new and existing procedures/practices; Perform annual risk assessment to ensure policies and procedures are risk-based and modified to fit business needs.
- Revised and customized Compliance Program and Written Supervisory Procedures (“WSPs”), Anti-Money Laundering Program and Business Continuity/Cybersecurity Policies.
- Enhanced due diligence processes and transitioned to independent, outsourced underwriting/advisory solutions provider to improve compliance effectiveness.
- Supervised firm and employee licensing/registration requirements and regulatory form filings to ensure adherence to industry regulations.
- Oversaw and monitored employee trading, outside business activities, personal securities transactions and violation tracking system. Streamlined pre-trade approval process for employees’ personal trading requests.
- Developed and administered the curriculum for the firm’s Firm Element Continuing Education Program and Annual Compliance Meeting.
- Served as Liaison with outside counsel and business units regarding regulatory updates and compliance matters.
- Provided guidance, advice and training to investment banking teams, Management and Executive Committee to enhance understanding of applicable securities laws and regulatory requirements.
- Reviewed and secured Principal approval of advertising and marketing materials; conducted periodic supervisory review of electronic correspondence for compliance.
- Collaborated with FinOp and CFO to interpret documentation and gather data for financial report filings.
- Facilitate regulatory exams (FINRA/State Securities Division) and rapid response to regulatory inquiries.
Vice President, Compliance
Cain Brothers & Company, LLC (a division of keybanc capital markets inc.)
New York
07.2009 - 04.2020
- Revised and customized Compliance Program and Written Supervisory Procedures (“WSPs”), Anti-Money Laundering Program and Business Continuity/Cybersecurity Policies.
- Designed and implemented compliance testing program to monitor and identify gaps in new and existing procedures/practices
- Enhanced due diligence processes and transitioned to independent, outsourced underwriting/advisory solutions provider, improving compliance efficiency.
- Supervised firm and employee licensing/registration requirements and regulatory form filings, ensuring adherence to compliance standards.
- Oversaw and monitored employee trading, outside business activities, personal securities transactions and violation tracking system. Streamlined pre-trade approval process for employees’ personal trading requests.
- Performed annual risk assessment to ensure policies and procedures are risk-based and modified to fit business needs.
- Developed and administered the curriculum for the firm’s Firm Element Continuing Education Program and Annual Compliance Meeting.
- Coordinated regulatory updates and compliance discussions with outside counsel and business units.
- Provided guidance, advice, and training to investment banking teams, management, and Executive Committee, fostering a deeper understanding of applicable securities laws and regulatory requirements.
- Reviewed and ensured Principal approval of advertising and marketing materials, periodic supervisory review of electronic correspondence.
- Collaborated with FinOp/CFO interpreting documentation and gathering data required to file financial reports (annual audits and insurance renewals).
- Facilitated regulatory exams (FINRA/State Securities Division) and rapid response to regulatory inquiries.
- Cain Brothers Asset Management, LLC (2009 – 2015, date of sale)
- Provided an instrumental role in the formation of an SEC-Registered Investment Advisor and NFA Commodity Pool Operator.
- Built a compliance program, including Policies & Procedures, tailored to investment advisory firms.
- Successfully managed an exam by the SEC, with no material infractions.
- Served on the Firm’s New Business, Investment and Best Execution Committees.
- Managed the formation & compliance of three hedge funds with offerings to accredited investors and qualified institutional buyers.
Compliance Analyst
The Reserve Funds
New York
05.2006 - 01.2009
- Collaborated with the CCO in developing and enforcing a comprehensive compliance program including Written Supervisory & Control Procedures to ensure compliance with SEC/FINRA rules and regulations, in addition to the firm policies and procedures.
- Monitored advertising, sales literature and educational materials to ensure supervisory review and approval, along with timely filing with FINRA as required; Reviewed electronic and hard copy correspondence.
- Collaborated with management to enhance supervisory infrastructure and policies, identified vulnerabilities and risks, and supported implementation of corrective measures.
- Conducted annual compliance reviews of businesses and identified initiatives for the coming year.
- Researched new and revised rules and regulations to assess impact on the firm’s businesses.
- Interacted with FINRA and the SEC to facilitate examinations of the Registered Broker-Dealer and Investment Advisor.
- Conducted OFAC and FinCEN screening of customer accounts and reinforced the firm’s Customer Identification Program by collecting and updating customer identification documentation.
- Created FINRA filings including Forms ADV & BD, Forms U4/U5, Contact System and Customer Complaints.
- Reviewed trading activity of money-market mutual fund portfolios for compliance with SEC Rule 2a-7 and conducted initial reviews of portfolio manager's monthly/quarterly compliance checklists.
- Addressed Blue-Sky registration issues to ensure registration of the mutual funds in the appropriate states.
- Managed distribution of Private Offering documents under Rule 506 of Regulation D, filed Form D with SEC and states.
- Orchestrated compliance training program, prepared compliance briefs on new and revised rules, regulations, and industry practices, and managed firm element and regulatory element continuing education.
- Supervised personal securities transactions of employees; collected and ensured timely completion of Quarterly and Annual Personal Securities Transactions Reports, Annual Insider Trading and Code of Ethics Certifications.
- Monitored Outside Business Activity Reports and confirmed supervisory approval/periodic reviews.
- Managed Regulatory & Firm Element Continuing Education Programs.
- Gathered data and assisted in the coordination of Investment Company registration with and reporting to the SEC (Forms N-1A, N-CSR, N-SAR).
Education
Bachelor of Science - Business Administration, concentration in Finance and Economics
Edinboro University of Pennsylvania
Edinboro, PASkills
- Microsoft Office Suite
- Salesforce
- FINRA Gateway
- Web CRD/IARD
- MSRB Gateway
- SEC EDGAR Filing System for Municipal Advisor Registrations
- NFA’s Electronic Filing Systems
- Global Relay
- Smarsh
- ComplySci
- My Compliance Office
Professional Licensure
- FINRA Series 6
- FINRA Series 7
- FINRA Series 79
- FINRA Series 66
- FINRA Series 28
- FINRA Series 24
Timeline
Senior Principal Consultant/Outsourced Chief Compliance Officer
ACA Group
06.2023 - 02.2026
Independent Contractor
Prager & Co., LLC, Chief Compliance Officer; Triad Securities Corporation, Compliance Director
01.2021 - 02.2023
Vice President, Compliance
Cain Brothers & Company, LLC (a division of keybanc capital markets inc.)
07.2009 - 04.2020
Compliance Analyst
The Reserve Funds
05.2006 - 01.2009
Bachelor of Science - Business Administration, concentration in Finance and Economics
Edinboro University of Pennsylvania