Kesrick Wainwright B.A, GPLLM
President, Compliance & Regulatory
Kesrick Wainwright is a compliance professional with extensive years of experience within the financial industry. Kesrick has worked for a regulatory body and multiple dealer members operating in various roles, such as: Branch Manager, Compliance Auditor and Compliance officer. Kesrick obtained a Masters of Law from the University of Toronto, focusing on the international financial regulatory regime, as well as a Bachelor of Art in Economics from McMaster University. In addition, Kesrick has completed the required courses necessary to be registrable as a supervisor of advisors with a regulatory body.
Business Conduct Compliance Professional
Prior to becoming a compliance professional, Kesrick began his career in finance working within the Registration department at a national financial regulatory organization. In 2009, Kesrick transitioned to the compliance department, where he prepared planning folders for Business Conduct Compliance reviews of dealer members. In his capacity as a Business Conduct Compliance Professional, Kesrick was responsible for providing preliminary assessments of member firms, compiling and reviewed data used by managers to make important decisions on proposed industry initiatives, organized and maintained records that were used to follow up with dealer members and answering inquiries regarding information requests, acted as support staff for examiners on field reviews, conducted testing that required the understanding and interpretation of IIROC rules and regulations, aided in the creation of the Business Conduct Compliance department policy and procedural manual, fielded dealer members inquiries relating to the United Nations Suppression of Terrorism Regulations Report and ensured timely reporting of the UN Reports by dealer members.
As a Compliance Officer Kesrick examined loan applications to ensure required documents were submitted and completed correctly, conducted outbound calls to educate clients on newly implemented industry guidelines, reviewed trade blotters in order to ensure trading activities complied with internal policies, procedures and external regulations, investigated client complaints in order to determine an appropriate resolution and was responsible for responding to regulatory inquiries and investigations.
Kesrick Performed compliance audits based on regulatory requirements and internal policy on branches throughout Canada, completed audit reports based on audit findings and Corresponded with branch managers to follow up on deficiencies identified in reports, educated Branch Managers on regulatory requirements and internal policy, maintained and updated the audit template to ensure current rules and regulations are reflected, improved the audit program by creating working papers which enhance, refine and make the audit process more efficient, compiled various audits statistics;
Conducted compliance audits based on regulatory requirements and internal policies, performed daily trade blotter and trade desk review, ensure trading activities of the firm complied with UMIR, supervised all approvals of NCAFs and review all account documentations, drafted bulletins and communications to registered representatives, reviewed advertisement and marketing submissions by registered representatives.
Private Wealth Branch Manager/Sr. Compliance Officer
Perform daily tier 2 reviews on trading activity within client accounts, educated Advisors on regulatory requirements and internal policies, reviewed and approve all Private Wealth NCAFs and account documentations, drafted bulletins and communications to registered representatives, developed Policies and Procedures to ensure adherence to regulatory expectations, created working papers to make client information gathering and recording more efficient for advisors, reviewed advertisement and marketing submissions by registered representatives, investigated client complaints in order to determine an appropriate resolution.
Institutional Compliance Officer
Performed daily trade desk supervision to confirm trading activities complied with internal policies and UMIR rules, reviewed and approved exempt products to ensure it contains required disclosures, transparent, and suitable for accredited investors, conducted quarterly trade desk compliance audits to satisfy regulatory requirements, reviewed outside Pro Accounts to monitor registered representative trading activities, tested employee trading against restricted and grey list to ensure it did not violate internal policies and regulatory expectations.
My job is to ensure that participants within the financial industry are acting within regulatory expectations and protected against any unscrupulous actors. I do this by conducting a sound review of my clients book of business to test for any exposures to regulatory risks. As a consultant, I consider my function to be a health check. I unearth any deficiencies or irregularities and bring them to the attention of my clients before they escalates further. I truly believe participants are not always aware of regulatory issues within their book of business and they need someone to guide and educate them.
- Advisors requiring an added layer of protection
- Clients who want an independent review of their portfolio
- Advisors looking to improve their business operations
- Firms seeking an affordable compliance alternative
- Advisors looking to transition their book of business
GPLLM Global Professional Masters of Law, U of T, Toronto, Ont.
B.A Economics, McMaster University, Hamilton, Ont.
B.A Political Science, McMaster University, Hamilton, Ont.
Partners, Directors and Officers, CSI, Toronto, Ont.
EMS Effective Management Seminar, CSI, Toronto, Ont.
BMC Branch Managers Course, CSI, Toronto, Ont.
CPH Conduct Practice Handbook, Canadian Securities Institute
CSC Canadian Securities Course