David Leung

Professional Background

David Leung brings over 15 years of robust experience in the highly regulated and intricately woven realms of financial services and the payment industry. His career is marked by a profound dedication to resolving compliance challenges across a range of financial sectors, including investment, mobile and web payments, anti-money laundering (AML), consumer protection, and privacy. David’s ability to navigate complex legal landscapes has established him as a sought-after expert in regulatory compliance, ensuring that organizations adhere to the stringent guidelines necessary for thriving in today's financial environment.

In his current role as Head of Compliance for North America at Afterpay, David is instrumental in spearheading compliance strategies that promote corporate governance and mitigate risks associated with various financial products. His responsibilities span a broad spectrum of compliance regulations, including those from the Consumer Financial Protection Bureau (CFPB), Bank Secrecy Act (BSA)/AML, Equal Credit Opportunity Act (ECOA), Electronic Fund Transfer Act (EFTA), Fair Credit Reporting Act (FCRA), Truth in Lending Act (TILA), Telephone Consumer Protection Act (TCPA), and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP).

David’s previous experience includes serving as the Senior Compliance Manager at LendUp, where he further honed his skills in product compliance and risk management. His tenure as Senior Manager of Product Review at PayPal allowed him to oversee vital compliance measures related to online and offline payment platforms, ensuring that the company met stringent regulatory requirements. Additionally, he has held a significant position as Director of US Compliance at BlackRock Inc., formerly known as Barclays Global Investors, where he navigated the complexities of compliance in the investment management sector.

Education and Achievements

David's academic foundation is anchored in a Bachelor of Science degree in Business Administration with a focus on Finance, Banking, and Real Estate from San Francisco State University. This educational background equipped him with substantial knowledge and skills that underpin his approach to compliance in financial services.

Throughout his extensive career, David has demonstrated a commendable ability to manage compliance matters related to various financial instruments such as credit cards, private funds, hedge funds, ETFs, and commodity pools. His deep understanding of retail and corporate asset management accounts further solidifies his expertise in the field.

From product compliance to general compliance governance, David has developed specialties in areas including operational and corporate risk, risk assessments, issue management, vendor risk reviews, audit engagements, regulatory examinations, development of policies and procedures, and regulatory reporting. His broad skill set not only reflects his professional journey but also his commitment to adhering to the highest standards of compliance in a dynamic industry.

Notable Achievements

1. Leadership in Compliance: As Head of Compliance for North America at Afterpay, David has played a pivotal role in defining the compliance framework for a rapidly growing fintech company, ensuring adherence to financial regulations while fostering an environment of innovation.
2. Expertise in Complex Regulations: David specializes in navigating a diverse array of compliance regulations, bringing clarity and direction to organizations as they adapt to an ever-evolving regulatory landscape.
3. Commitment to Risk Management: His proactive approach to risk management has been fundamental in identifying and mitigating potential compliance issues before they escalate, safeguarding organizational integrity.
4. Contributions to Financial Services: Throughout his tenure across various prestigious financial institutions, David has contributed significantly to enhancing compliance protocols, resulting in improved regulatory standings and operational effectiveness.
5. Advocacy for Consumer Protection: His efforts in compliance have also extended to ensuring consumer protection measures are in place, thus fostering trust and reliability in financial products and services.

In summary, David Leung's expansive experience and deep commitment to regulatory compliance make him a leading figure in the financial and payment industries. His exemplary track record of managing compliance complexities and creating robust risk management frameworks underscores a career dedicated to not only adhering to regulations but also empowering organizations to thrive in a challenging environment.