Wall Street bigwigs!

Chapter 23 Chief Compliance Officer

Green's words really struck a chord with Mary Shapiro, which is why Mary was willing to work at NASD when she received Spencer's invitation.

In particular, when she learned from other sources that R&F Financial Holdings was building a dual-entity structure of R&F Fund and R&F Securities, she felt that Green Walker was a very insightful young man.

At least for now, there is no such dual-entity compliance architecture in the world, although large institutions such as Goldman Sachs and Morgan Stanley are doing it in private.

But if we're really being strict, they are illegal, especially after this Black Monday black swan event, when regulators are already quickly enacting legislation to close this loophole.

Seeing this, Green and Taylor exchanged a glance, their confidence growing even stronger.

Green saw an opportunity to recruit key talent, while Taylor saw a hefty commission wafting towards him.

According to the agreement between Green and Spencer, the compliance officer's salary was $30 a year, not including other benefits.

Once Mary joins R&F Financial, Spencer can receive a $9 fee.

Taylor, on the other hand, received a commission of $2.7, a single transaction that would have earned him several months' salary in the past.

Taylor was secretly getting worried for Mary.

"Thank you, that is indeed a wonderful vision, but I still need to think about it, after all, I am married and have a 7-year-old child."

As she spoke, Mary Shapiro raised her hand and showed off the ring on her finger.

Seeing this, Green had no choice but to resort to his trump card.

"A $40 annual salary plus 2% equity incentive from R&F Financial Holdings. The equity incentive has no lock-up period and can be partially vested after one year of employment."

Upon hearing this, not only was Taylor stunned, but even Mary couldn't help but be moved. This salary was three times higher than what she earned at NASD, not even including the 2% equity stake in R&F Financial.

Taylor's face turned red, and she almost wanted to agree on Mary Shapiro's behalf.

This annual salary is truly exceptionally generous; it would easily surpass 90% of management positions at top investment banks and banks.

But Green felt it was all worth it if Mary Shapiro was willing to come.

After saying this, Green slumped back on the sofa, looking somewhat limp.

But that's not all," Green said earnestly, looking into Mary Shapiro's eyes.

"I understand your concerns; you want a platform to showcase your abilities more than a higher salary."

I can provide this platform. We at R&F aim to be innovators who operate within compliance, not speculators who exploit regulatory loopholes.

I know you understand regulatory rules and hate working in a rigid system. Come to R&F.

I will provide you with a compliance support team and offer a comprehensive guarantee against any liability.

You have the final say on compliance decisions, and I will bear the responsibility for any risks arising from business violations. All of this can be written into the employment contract.

Mary Shapiro stared in disbelief at Green's young face. How much courage did this young man have to say such a thing?

If Mary were a few years younger, she would have dumped her current husband and gone after Green.

She wants a good salary, but she doesn't care that much about it; however, there are very few places that can provide her with a platform.

As Green said, she lacks a platform to showcase her abilities.

Large organizations won't hire her because her ideas don't align with theirs.

Small and medium-sized institutions lack the courage to voluntarily change their existing systems because the risks are uncontrollable.

Although Green's Ruifeng Financial is newly established, it is a blank slate. With the strong support of the founder, she can really plan a new system according to her own ideas.

After a long while, Mary Shapiro finally spoke and asked.

"Mr. Green, am I really worth you doing this?"

Green nodded without hesitation, giving an affirmative answer.

"Yes, I have read your profile and learned about your character and ideals from other sources."

Ruifeng and I are willing to offer the utmost tolerance and sincerity to outstanding talents.

It means, "Go ahead and do it, I'll cover for you."

To be honest, Taylor was even thinking about changing jobs. If it weren't for the inappropriate situation, he would have really asked Greenfield if they were still looking for a human resources manager.

Just give him 10% more than his current salary; I don't even dare to think about stock options or anything like that.

The main reason is that the boss is a good fit for me. After all, Green just said that R&F has the greatest tolerance and sincerity towards talent.

"Thank you for your consideration. I will think about it carefully. Please give me two days to discuss it with my family, and I will give you an answer on Monday."

Although Mary did not directly agree, her attitude suggested that she was willing to come to Ruifeng.

The main reason she hasn't agreed directly is probably due to family reasons, since she said she has a husband and a 7-year-old son.

"Okay, no problem, but please give me an answer as soon as possible," Green said.

Mary Shapiro then got up to leave. She had prepared for this whole day, but she didn't expect to finish the discussion in just half an hour.

Moreover, her boss, Green, shared similar ideas with her, while Mary didn't give much consideration to NASD.

After all, the NASD is only the core self-regulatory body of the U.S. securities industry, not a government department. The NASD’s power comes from the authorization of the SEC.

To put it in terms of organizations comparable to China, it's similar to an industry association. There are no non-compete agreements, so it's difficult to get hired, but easy to leave.

"I'll see you out!" Green stood up as well.

Mary's affection for Green is now off the charts. He's her new boss, and as a company employee, how could she not understand these etiquette rules?

After Green escorted her to the door, Mary refused to let him see her off any further.

So Green had no choice but to ask Taylor to help him see Mary off.

After the two left, Green asked the waiter to cut a cigar for him.

He was very satisfied with the interview; he had shown his utmost sincerity, and judging from Mary's attitude, the chances were very good.

Green waited in the meeting area for about twenty minutes before Taylor called.

"Congratulations, Mr. Green, on gaining a great general!" Taylor congratulated him over the phone.

"Haha, although the contract hasn't been signed yet, I accept your blessing, Taylor."

"Thank you for recommending Ms. Mary to me. Don't worry, I'll personally reward you with ten thousand dollars once Ms. Mary joins the company." Green said happily, puffing on his cigar with his legs crossed.

"Thank you, Mr. Green. You are a very generous gentleman."

Taylor's ability to make this call indicates that he had already learned about Mary Shapiro's thoughts while on his way to deliver her.

The current issue is that if Mary Shapiro can resolve her family situation, she can join R&F Financial as quickly as possible.

Thinking of this, Green asked, "I saw in the files that Mary's husband is Paul Shapiro. Who is he?"

"Don't worry, sir, Paul Shapiro will not be an obstacle to Mary's employment. We have conducted a thorough investigation into Mary's family situation."

Paul Shapiro was part of Joseph Joe's staff; he was a very thoughtful young man, and he and Mary were college classmates," Taylor explained.

Green had this strange coincidence: Joseph Joe was the Sleepy Joe that Trump was talking about.

Am I playing the lead role?

He knew all too well that to grow a business, one had to understand politics (any corner of it).

A business without political backing is just meat on a chopping board (there are too many examples to refer to).

So Mary Shapiro was really key, and he didn't consider whether the cost was too high.

Since Mary's husband, Paul, is a member of Sleepy Joe's staff, does that mean I have a chance to get in touch with Joseph Joe?

As soon as the idea came to mind, all sorts of thoughts began to pop into Green's head uncontrollably.

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