Harry Chaffee is the Director of Compliance Support Services for Renaissance Regulatory Services, Inc., a full-service consulting firm that offers a wide range of regulatory and compliance consulting services to broker-dealers and registered investment advisers. Mr. Chaffee has over twenty-five years of regulatory and industry compliance experience managing, advising and auditing broker-dealers, investment advisers, funds, banks and bank holding companies relative to federal, state, and self-regulatory rules and regulations.
In the industry, Mr. Chaffee has experience as the chief compliance officer of a mid-size broker-dealer, investment adviser, futures broker and insurance agency; and as a compliance officer at a regional wire-house. As the CCO, Mr. Chaffee was responsible for the development and ongoing application of the compliance program including: policies and procedures, training, supervision, the branch audit program and coordination of contact with regulators. In addition, Mr. Chaffee was involved with product due diligence, errors and omissions insurance negotiations, and directing outside counsel. Mr. Chaffee conducted annual compliance meetings, and managed the compliance and licensing staff.
As a regulator, Mr. Chaffee has experience with the National Association of Securities Dealers (NASD, now FINRA) and the Federal Reserve Bank of Atlanta. As an examiner with the NASD, Mr. Chaffee was responsible for conducting financial, operational and sales practice examinations of broker-dealers. As a capital markets specialist with the Federal Reserve, Mr. Chaffee was responsible for the examination and ongoing surveillance of capital markets, trading, and asset/liability management activities in large southeastern financial institutions, and he evaluated interest rate risk modeling, investments, funding, and management of interest rate risk and liquidity.
As a consultant, Mr. Chaffee has advised firms on issues related to supervisory and compliance policies, procedures, surveillance, regulatory interaction, licensing and training. In several engagements, Mr. Chaffee has assisted clients in managing their compliance program and personnel on an interim basis. Mr. Chaffee has supervised the preparation of financial statements and regulatory reports for over 100 broker-dealers.
Mr. Chaffee received a BBA in Finance from Florida Atlantic University. He holds the Chartered Financial Analyst (CFA) designation through the CFA Institute where he previously served as the Deputy Chair of the Disciplinary Review Committee. He also holds the Certificate in Investment Performance Measurement (CIPM) designation through the CIPM Association and the Certified Securities Compliance Professional (CSCP) credential from the National Society of Compliance Professionals. Mr. Chaffee was previously a member of the Financial Services Institute’s Compliance Council. He has held the Series 3, 4, 7, 24, 53, 63, 65 (exempt), 86, 87, Georgia Life/Health and Variable Life insurance licenses.