As a Senior Level Executive with deep expertise within the financial services industry, I have proven success in building global teams, remediating complex regulatory and audit issues, managing risk and compliance functions (including regulatory interactions), strategic planning and implementation, technology development (vendor platforms, such as Fenergo, as well as internally developed systems), digital innovation and leading and managing global operational teams to effectively support clients the business. My most recent experience has been in business and conduct risk management, KYC, financial crime prevention and anti-money laundering (AML). I engage with compliance and business partners to identify, manage, and mitigate risk to drive the business forward. I analyze problems and create straightforward solutions that deliver sustainable results. I drive adoption of new ideas, solutions, processes and technology by proactively engaging with stakeholders, listening to various needs and prioritizing those in line with overall firm objectives. I am known for my clear and concise communications, enabling complex concepts and situations as well as policies and procedures to be effectively disseminated. Most recently, having established the Investment Banking and Capital Markets Division non-financial risk and controls department, I moved to the overall Investment Bank to head up its client onboarding and lifecycle management function. This was after an audit that led to an enforcement action and written agreement. I reorganized and grew the team to over 700 persons to execute on the firm’s regulatory remediation plans, which I was instrumental in establishing, and led the business execution side of the remediation. This was in addition to my responsibilities for end-to-end client lifecycle management, ensuring a seamless and compliant onboarding and refresh process for our institutional and corporate clients, enhancing client and internal stakeholder experience and driving continuous improvement and innovation that was compliant and cost effective.You may contact me at bruce.r.bromberg@gmail.com.Specialties:Non-Financial Risk & Controls ManagementTechnology Adoption and ImplementationKYC, AML, Financial Crime PreventionContinuous Process ImprovementStrategic Planning and ThinkingClient Lifecycle ManagementRisk Monitoring & MitigationData Analysis & ReportingBusiness TransformationRegulatory CompliancePeriodic KYC ReviewsProcess ManagementChange ManagementProject ManagementClient Onboarding Digital InnovationTeam Leadership
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Managing Director, Head Of Client Onboarding And Lifecycle Management/ Aml KycCredit Suisse Sep 2019 - Nov 2024Zurich, ChWithin the Investment Bank, restructured the group and led multi-year regulatory remediation, process improvement and technology programs, collaborating across functions to ensure an effective financial crime prevention program and accurate, complete and digitized client and contract data.• Consolidated global, cross-business functions related to new client onboarding and ongoing client maintenance, including AML and KYC, regulatory due diligence and contract, contract data and client reference data maintenance, achieving business objectives.• Built organizational structure and teams and introduced new technology and processes to ensure programs met 100% of the regulatory requirements, internal control expectations and client and market demands while ensuring operational efficiency.• Decreased client onboarding turnaround times to meet sales and client expectations, substantially increased quality of KYC files to ~95%, eliminated backlogs by 100%, instituted preventative vs. detective controls, and increased transparency to stakeholders.• Oversaw significant regulatory remediation programs in collaboration with compliance and project management, achieving verified and sustainable success. -
Managing Director, Head Of Risk, Controls And Regulatory AffairsCredit Suisse Jan 2016 - Sep 2019Zurich, ChEstablished the first line of defense risk and controls function within the Investment Banking and Capital Markets Division, acting as chief point of contact for risk functions, including Compliance, Operational Risk, Reputational Risk and Internal Audit. Led teams responsible for regulatory audits and responding to regulatory requests. Primary focus was on implementing the operational and conduct risk framework, risk assessment and mitigating controls.• Initiated programs to identify, quantify, prioritize and report key risks, monitor emerging risks and develop control frameworks to mitigate risk.• Oversaw client lifecycle management, transaction and reputational risk management teams as well as assumed responsibility for Conflicts.• Led complex regulatory and internal audit remediations, achieving sustainable results.• Implemented systems, training and policies and procedures, collaborating with bankers to enablethem to achieve their goals.
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ConsultantMorgan Stanley Sep 2015 - Nov 2015New York, Ny, UsRepresented Morgan Stanley in recruitment efforts to attract top tier talent to the opportunities in Asia.• Collaborated with Human Resources on recruiting strategy and planning activities and events. -
Chief Administration And Risk Officer, IbdMorgan Stanley Nov 2010 - Aug 2015New York, Ny, UsManaged operations and risk management for this department of 400 individuals. • Actively managed and solved issues surrounding compliance, regulatory, legal, operational, information and IT security risks. • Identified, quantified, prioritized and reported on key and emerging risks and their controls.• Led team managing recruiting and other personnel matters for Associate and Analyst programs, client events, client onboarding (AML, Sanctions, Franchise Risk), expense management and provision of office services. • Acted as the interface between Investment Banking and all Firmwide support and risk management units.
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Bank Project Management / Regulatory ReformMorgan Stanley Jan 2010 - Oct 2010New York, Ny, UsManaged the expansion, in a newly created role, of the Firm’s US banking platform into Asia.• Oversaw changing and rationalizing booking models and legal entity structures, with general risk oversight over all the Asia banking platforms.
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Coo Southeast AsiaMorgan Stanley Jan 2008 - Jan 2010New York, Ny, UsProvided general leadership, oversight and coordination of the infrastructure departments to help ensure risk and operational services were delivered to the business units in a seamless manner. • Coordinated the Firm’s expansion efforts throughout Southeast Asia and led the infrastructure units in establishing new businesses. • Worked in various capacities on all significant regulatory and operational issues that arose in the jurisdiction to help ensure that viable and franchise acceptable solutions were reached.
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Head Of Asia Pacific ComplianceMorgan Stanley Jul 1999 - Jan 2008New York, Ny, UsResponsible for regulatory compliance in Asia Pacific, protecting and enhancing the firm’s franchise by identifying and managing regulatory risk.• Managed over 60 people in 6 jurisdictions, building the function from 10 individuals. • Identified the laws and regulations relevant to the various businesses, allocated proper responsibilities to the business and infrastructure units, advised and trained those responsible, monitored through such means as surveillance and audits, and resolved or escalated issues. • Led teams that introduced new locations, products and services, conducted investigations and worked with regulators on multiple issues. • Spearheaded the expansion of the Compliance footprint in the region to serve growing business requirements and established a robust framework for delivering the Compliance function.
Bruce Bromberg Education Details
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Columbia Law SchoolStone Scholar -
The Wharton SchoolMaster Of Business Administration (Mba)
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The Wharton SchoolSumma Cum Laude
Frequently Asked Questions about Bruce Bromberg
What is Bruce Bromberg's role at the current company?
Bruce Bromberg's current role is Senior Financial Services Executive | Risk Management | Compliance | Regulatory Remediation | Client Onboarding | Financial Crime and Money Laundering Prevention (AML / KYC) | Client and Contract Data | Global Operations.
What schools did Bruce Bromberg attend?
Bruce Bromberg attended Columbia Law School, The Wharton School, The Wharton School.
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