Susan Merget
Oakdale
Summary
Dynamic Compliance Officer with extensive experience at HSBC, adept at identifying market manipulation and enforcing information barrier policies. Proven ability to collaborate across teams, enhance operational processes, and conduct thorough audits. Proficient in DTC and Bloomberg, with strong analytical skills and a commitment to compliance excellence.
Overview
19
19
years of professional experience
Work History
Compliance Officer
HSBC
New York
10.2022 - Current
- Review daily trading activity to identify potential market manipulation for things such as trading ahead of research, front running and breach of information barrier policies for various equity and fixed income products
- Perform various ad hoc reviews (LAF treeing, ECM/DCM buybacks, Alpha Capture) to ensure information barrier policies are maintained and enforced between public and private side employees
- Provide policy guidance with respect to Information Barriers and Investment Banking Conflicts of Interest
- Identify potential new forms of staff or counterparty misconduct for trading and electronic communication surveillance
- Liaise with Change Management to prioritize the development of new systems and processes to better identify forms of misconduct
- Perform trade reviews on a daily and monthly basis for equity and fixed income products to ensure wall crossed individuals are complying with the wall crossing policies
- Review electronic communication alerts that have been raised by the offshore team to ensure that all alerts are satisfactorily escalated and resolved
- Carry out investigations requested by Regulators, senior management businesses into certain practices and individual events
- Perform various reviews to ensure information barrier policies are maintained between public and private side employees and investigate potential breaches
- Review the firms Equities, Fixed Income, Derivatives trading against the Restricted and Watch lists
- Provide Conflict checks for Global Banking and Global Market employees
- Coordinate and produce regular Management information, including analysis, for key stakeholders
- Conduct testing prior to the implementation and roll out of new surveillance tools and models
- Conduct thorough audits of company policies and procedures to ensure compliance with industry regulations and standards.
- Collaborate with cross-functional teams to assess and mitigate potential compliance risks within the organization.
AVP Security Settlements
Credit Suisse
New York
06.2006 - 10.2022
- Managed Physical Settlements Team.
- Provided accurate, efficient transfers of physical securities between transfer agents, and other broker-dealers.
- Coordinated and planned capacity, trained team, and assigned work for staff. Interfaced with varying levels of management, clients, and staff.
- Acted as a liaison between clients, the trading desk, transfer agents, and DTC to ensure trades are settled in a timely fashion.
- Developed and maintained Standard Operating Procedures (SOPs) for training purposes and for reference in business continuity plans (BCPs) to ensure seamless operations.
- Handled all audit requests; worked closely with internal and external auditors to examine business practices, improve controls, performance, and evaluate risk management to ensure minimal exposure.
- Examined physical certificates to ensure negotiability, validate authenticity, maintain, and be responsible for the medallion stamp.
- Managed all details for pre-settlement/settlement day to ensure smooth transactions.
- Reconciled positional breaks and cash discrepancies.
DTC Settlements-Stock Loan International Settlements-Prime Broker Settlements
Credit Suisse
New York
10.2010 - 10.2015
- Managed cross-border trade settlement and reconciliation between London and New York.
- Managed a cross-border team of 17 people in India, Raleigh, and NY, responsible for performance reviews, including objective settings, staff ratings, and evaluations.
- Balanced internal/external trading and netting accounts on a daily basis (trade processing and confirmation, amendments, fund transfers, balancing, and reconciliation of position and trading ledgers).
- Support and development of various global deployment initiatives to meet direct expense cost-reduction targets.
- Perform risk assessments and planning; identify potential market manipulation, review, and update policy and procedures to maintain an effective risk control environment.
Cash Securities - Tri-Party Funding
Credit Suisse
New York
06.2006 - 10.2010
- Supported all business aspects of the Repo Trading desk, with daily volume exceeding $60 billion
- Liaised between the Sales Desk, Clearance and Client in the confirmation, reconciliation and settlement of Mortgage and Treasury Repurchase Agreements
- Prepared and analyzed daily reconciliations and report funding results to Treasury group
- Reconciled any P&L discrepancies caused by interest expense calculations, position adjustments and booking errors
- Oversaw Collateralization of all Repo Tri-party Funding on daily basis
- Investigated trade discrepancies, facilitation of trade settlements, and the resolution of failed trades with the counterparty.
- Managed daily funding requirements.
- Collaborated with senior management in Operations and Technology to further streamline operational processes.
Education
B.A. - Communication Disorders/Psychology
Queens College
New York06-2000
Skills
- Proficient in MS Office Suite
- GECS
- GCMS
- Relativity
- DTC
- BDC
- Bloomberg
- ACRIS
Timeline
Compliance Officer
HSBC
10.2022 - Current
DTC Settlements-Stock Loan International Settlements-Prime Broker Settlements
Credit Suisse
10.2010 - 10.2015
AVP Security Settlements
Credit Suisse
06.2006 - 10.2022
Cash Securities - Tri-Party Funding
Credit Suisse
06.2006 - 10.2010
B.A. - Communication Disorders/Psychology
Queens College