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Craig Baumgarten
Sr. Group Mgr. - Compliance Risk Assessment, Governance & Risk Architecture at BNY Mellon
Professional Background
Craig Baumgarten has built a remarkable career distinguished by extensive experience in compliance, risk management, and legal consultancy. His journey began with his education, where he earned a Bachelor of Arts degree in History from Tulane University. This foundational understanding of historical context and analytical thinking would later enhance his legal career.
Craig further advanced his qualifications by earning a Juris Doctor (J.D.) from Western Michigan University Cooley Law School, arming himself with the legal skills and knowledge necessary to tackle complex regulatory landscapes. His commitment to continuous learning led him to study at renowned Tsinghua University, enriching his understanding of global legal and compliance issues, especially in relation to international markets.
Throughout his career, Craig has held pivotal roles at several high-profile financial institutions. Currently, he serves as a Senior Group Manager for Compliance Risk Assessment, Governance & Risk Architecture at BNY Mellon, where he leads initiatives to enhance the company’s governance frameworks and risk architecture, further solidifying BNY Mellon’s reputation in the financial sector.
In addition to his current role, Craig has accumulated a wealth of experience with various prominent organizations. Previously, he worked as PMO for Regulatory Remediations at Société Générale, where he was instrumental in ensuring the banking institution adhered to evolving regulatory requirements. His experience in this role highlighted his ability to manage large-scale projects focused on compliance and risk management in a fast-paced environment.
Craig also held the position of AML & Sanctions Advisory at Natixis CIB Americas, where he provided critical insights into anti-money laundering practices and sanctions measures, reinforcing the institution’s commitment to regulatory compliance. His previous experience at RBC Capital Markets as an AML/BSA Compliance Officer allowed him to implement comprehensive compliance frameworks that ensured adherence to stringent regulations, minimizing organizational risk.
Among his earlier roles, Craig was involved in anti-fraud and forensics at Deutsche Bank, where he conducted thorough investigations aimed at identifying risks associated with financial crimes. His journey into compliance began with his position as an AML Investigator at BNY Mellon, where he gained firsthand experience identifying and mitigating risks associated with money laundering and related illegal activities.
In addition to his impressive compliance roles, Craig’s background includes substantial legal consultancy experience. He worked as an attorney at Deloitte Consulting, focusing on providing legal advice on regulatory matters and compliance strategies. His previous roles at U.S. Legal Support, Inc., and Siam-Legal equipped him with unique insights into legal support and compliance in various jurisdictions, further diversifying his skill set.
Craig has also contributed to the community as the City Director at AES, showcasing his leadership skills and commitment to driving growth within organizations.
Education and Achievements
Craig’s academic background is a robust testament to his commitment to excellence. Earning a Bachelor of Arts in History from Tulane University, he developed strong analytical skills and an understanding of socio-political contexts critical in his later career. His legal education at Western Michigan University Cooley Law School provided him with a solid foundation in law, focusing on compliance, a growing necessity in today's regulatory environment.
Studying at Tsinghua University added an international perspective to his expertise, particularly in relation to compliance and regulatory issues on a global scale. Craig’s adaptability in diverse educational settings reflects his passion for continuous learning and his pursuit of excellence.
With a career marked by strategic leadership and deep expertise in compliance, Craig's notable achievements include enhancing compliance frameworks that significantly reduce risk and increase organizational efficiency. His work has positively impacted every organization he has been part of, contributing to a safer and more transparent financial ecosystem.
Achievements
- Senior Group Manager at BNY Mellon focusing on Compliance Risk Assessment and Governance.
- Successfully led the PMO for Regulatory Remediations at Société Générale, ensuring compliance with complex regulatory changes.
- Provided AML and Sanctions Advisory services at Natixis CIB Americas enhancing the firm’s regulatory compliance posture.
- Implemented crucial anti-money laundering strategies at RBC Capital Markets, improving compliance systems.
- Conducted thorough investigations into fraudulent activities while at Deutsche Bank, reinforcing the institution's integrity.
- Played a significant role as an attorney at Deloitte Consulting, guiding firms through regulatory compliance challenges effectively.
title":"Summary"},
tags:[
Compliance Risk Assessment
Governance
Risk Architecture
Financial Services
AML
Sanctions Advisory
Law
Regulatory Remediation
Deutsche Bank
Deloitte Consulting
BNY Mellon
Société Générale
Tulane University
Western Michigan University Cooley Law School
Tsinghua University
Anti-Fraud
Forensics
RBC Capital Markets
Legal Consultant
Legal Support