Cyber Compliance for Wealth Management: Who Owns It?
Cybersecurity compliance is becoming a requirement for wealth management firms. In the world of hybrid work, regulations and cyber threats are driving the need for firms to not only enhance their cybersecurity posture, but for continuous compliance to prove they have the processes and procedures in place to mitigate risk.
Even firms that use service providers are required to have a senior leader that is ultimately responsible for cybersecurity. With traditional roles becoming blurred, who owns cyber compliance?
In this session, we’ll discuss how traditional compliance and IT departments will have to work together to share responsibility for staying compliant and demonstrating compliance to regulators.
Chief Compliance Officer,
Garden State Securities, Inc.
Steven Trigili has over 25 years of experience in the financial services arena, in executive management, compliance, and as a financial advisor. Recently elected to serve a three-year term as the Small Firm Representative to the FINRA North Region Committee, Steve’s expertise in small-firm broker/dealer compliance and operations is complemented by his in-depth knowledge of technology in a financial services firm. As Chief Compliance Officer at Garden State Securities, Inc., (GSS) Steve has the primary responsibility for all compliance related matters at GSS, including establishing the firm's policies and procedures, and ensuring the Firm is compliant with all government and industry rules and regulations. Prior to joining GSS, Steve also served as the Chief Compliance Officer at Perrin, Holden & Davenport Capital Corp. and was Vice President of Compliance and Supervision at International Planning Alliance, LLC. Steven is an active member of several industry and regulatory organizations, including the Society of Corporate Compliance and Ethics, the National Society of Compliance Professionals, National Regulatory Services and the Association of Certified Anti-Money Laundering Specialists (ACAMS). He serves on the Editorial Board of the Journal of Financial Compliance, and is a recurring speaker at several nationwide industry conferences for the past 15 years. Steve, a CAMS-certified specialist in anti-money laundering policies, is a graduate of Shippensburg University of Pennsylvania and Southern New Hampshire University, and maintains his Series 7, 24, 55, 63, 65, and 79, and life & health insurance licenses.
Essential Edge Compliance Outsourcing Services, LLC
Sander Ressler, Managing Director of Essential Edge Compliance Outsourcing Services, LLC, has broad and deep expertise in compliance, supervision and operations – including more than 20 years of hands-on, frontline experience with broker-dealers and registered investment advisers. Sander began his career working for a regulator and subsequently served in senior compliance positions for financial services firms, including American Express, American General Life Insurance, AIG, ING, and Société Générale S.A. He has led over 20 regulatory examinations conducted by the SEC, FINRA and various state departments governing banking, securities and insurance. Since launching his own consulting company, Sander has assisted financial institutions with a wide range of outsourced compliance-related services, such as updating written supervisory procedures, conducting branch office inspections, conducting AML and 3130 exams, and approving advertising and electronic correspondence. Sander has held the Series 3, 4, 7, 8, 9, 14, 24, 53, 63 and 65 licenses.