The SEC announced major management changes in the Office of Compliance Inspections and Examinations (OCIE).  Start off with the SEC’s new Associate Director in OCIE - Julius Leiman-Carbia.  He's here for his second "tour of duty" at the SEC;  he's also spent 15 years at Goldman Sachs, JPMorgan and Citigroup. 

Now, Mr. Leiman-Carbia will lead the SEC's National Broker-Dealer Examination Program, overseeing a team of 300 lawyers, accountants and examiners who are responsible for broker-dealer inspections.  He succeeds Mary Ann Gadziala, who retired from the SEC in September.

He enters an area of OCIE that's ungone significant change.  This past year, OCIE adopted a new risk-focused examination strategy and created a new National Exam Program that seeks to ensure greater collaboration with other divisions and offices within the SEC.

        Profile of Julius Leiman-Carbia.   Mr. Leiman-Carbia will be serving his second stint with the SEC.  From 1989 to 1994 he was a counsel in SEC Market Regulation, specifically in its Office of Capital Markets.  In between, he's served in the following roles:

• 2009-2011:  BP Energy Company.  VP, Integrated Supply and Trading Compliance for North America.
• 2005-2009:  Citigroup Global Markets.  Managing Director of Capital Markets and Banking Compliance Department.
• 2004-2005:  JPMorgan.  Legal and compliance leadership positions.
• 1995-2004:  Goldman Sachs.   (1995 to 2004).  Legal and compliance leadership positions.

Mr. Leiman-Carbia received a bachelor’s from Georgetown U. in 1983, and a law degree from U. of PA in 1986.

        OCIE’s Other New Managers  Norm Champ, Deputy Director;   Robert Fishman, COO;   John Polise, Associate Director of Market Oversight;  Dawn Patterson, Associate Director for Clearance and Settlement Examination Program.  

The SEC also announced that the National Exam Program is recruiting more industry specialists, strengthening risk assessment and surveillance capabilities, streamlining and automating the exam process, and working to establish an examiner certification program and an exam workbook to drive greater consistency, effectiveness and efficiency. These changes will further strengthen OCIE’s mission of promoting compliance with the federal securities laws, monitoring risks at registered entities, preventing fraud, and informing policy.   [SEC Release 11-94, 4/20/11]