Elin Cherry
Elin Cherry is CEO of Compliance Services for Softek. In 2016 she founded Elinphant, L.L.C., a financial compliance consulting firm, she sold Elinphant to Softek in November 2021. She is a Capital Markets and Compliance Executive who has served as a key member of Compliance Senior Management teams. Known for gaining regulator confidence, she has a proven track record in managing regulatory relations and examinations and has strengthened firm’s credibility with regulators during times of financial stress.
Elin is adept at successfully implementing Compliance Programs to enable firms to be proactive regarding compliance matters. She possesses deep experience in compliance programs, regulatory relations, testing and monitoring, compliance audits and capital markets, among others. Elin has recently been assisting clients in their cryptocurrency and ICO concerns, and she has advised as well implemented Compliance Programs in start-up companies for both financial and FinTech Firms.
Prior to founding Elinphant, Elin was a Principal and the Head of Capital Markets at Compliance Risk Concepts (“CRC”). In that role, she grew a book of business generating half a million dollars in revenue. Elin was charged with relationship management and the execution of client mandates as well as hiring and managing consultants. Elin marketed the firm through articles, blogs, speaking engagements. Prior to CRC, Elin was Director and Head of Business Unit Compliance, for CIT Group Inc. In this role, she was a member of the Compliance senior management team with responsibility for the US business compliance programs, business unit compliance officers, broker-dealer compliance, as well as the CIT Bank team. Elin was also employed with Societe Generale for six years, serving as Managing Director, Head of Global Markets Compliance and Deputy Director to the Chief Compliance Officer. Further, she served in senior compliance roles at Deutsche Bank Securities Inc. and Banc of America Securities.
Elin’s Specialties include: Chief Compliance Officer | Compliance Department Structure | Regulatory Relations | Examinations | Dodd-Frank | Volcker Rule | Broker Dealer Compliance | Sales Practice | Surveillance | Bank Compliance | System Implementations |Investment Advisor Compliance| Equity and Fixed Income Markets | Research | BSA / AML | Regulatory Reporting
She holds a JD from the University of Denver College of Law and received her BA, cum laude, from the University of Colorado.