Fred Springer Email & Phone Number

New York, United States

Fred Springer is a senior managing director in K2 Integrity’s Financial Crime Risk Management practice. As a senior-level compliance executive for over 30 years, Fred has amassed a proven track record with global financial institutions building and instituting enterprise-wide compliance risk management programs; remediating deficiencies identified by state, federal, and international regulators; and developing metrics to assist management teams, including board members, in their oversight of compliance risk. He works with clients in the creation and implementation of comprehensive policies and procedures, risk assessments, internal controls, and training and testing related to a wide variety of financial services compliance matters including Anti-Money Laundering (AML) programs that address regulators’ orders and concerns and facilitate the realization of business plans, growth objectives, and the inculcation of a strong compliance culture.He has experience integrating compliance functions and controls as a result of bank acquisitions, and working with institutions addressing government-mandated transaction reviews and suspicious activity report (SAR) filings. Fred is also known for his ability to build and manage highly qualified, global teams of professionals.

New York/Boston

Responsible for the development and implementation of an enterprise-wide compliance risk management program that addressed all regulators’ orders and concerns, thereby facilitating the realization of business plans, growth objectives, and the inculcation of a strong compliance culture. • Drove the deployment of a comprehensive compliance discipline across the enterprise built on risk assessments, control reviews, targeted training, testing, and reporting. These enhancements were acknowledged by regulators through improved ratings and the lifting of regulatory sanctions.• Ensured efficiencies by implementing a shared services model, thereby reducing headcount and expenses by ~20%.• Significantly enhanced the compliance culture through the provision of leadership that delineated a clear path forward for each Santander employee to follow.

Greater New York City Area

Reported to the Audit Committee of CIT’s Board of Directors. Successfully built an effective compliance team and program, and remediated severe deficiencies identified by Federal Reserve Bank, OCC, FDIC, State Regulators, and Internal Audit, thereby facilitating CIT’s and One West Bank. • Built a global team to deploy consistent compliance controls across global operations. Risk identification, training, and validation procedures were applied broadly, and metrics were developed to assist Senior Management in its oversight of compliance risk.• Remediated significant regulatory deficiencies, enabling the resumption of untethered business operations, growth, and acquisitions. • Conducted compliance related due diligence and oversaw the successful integration of CIT and One West Bank operations as a result of CIT’s acquisition.• Provided all compliance support to the launching of CIT Bank, a de novo internet bank.• In collaboration with Senior Management, IT, and other stakeholders, identified, sourced, and deployed Actimize, a state-of-the-art global transaction monitoring and Sanctions system, thereby addressing many regulatory concerns.

Greater New York City Area

Responsible to define and ensure that all requisite steps were taken to remediate the issues arising from a Memo of Understanding with the banking regulators and a Deferred Prosecution Agreement with the Justice Department. Simultaneously provided compliance support to the de novo efforts to establish and grow a broker dealer.• Developed all aspects of the New Member Application including the creation of Written Supervisory Procedures. Established requisite controls to support the broker dealer.• Managed the compliance remediation efforts, including those associated with the BSA/AML and U.S. Sanctions controls criticized by the government. Created comprehensive policy and procedure documents, risk assessments, training, and testing modules.• Facilitated the smooth integration and requisite development of all compliance related controls as a result of Lloyds's acquisition of the Bank of Scotland.

Greater New York City Area

MD, Compliance & Regulatory Relations Global Banking and Markets - The Americas, (2008–2009)Responsible for separating, integrating, and managing the compliance functions, controls, and systems across the Global Banking and Markets businesses within North and South America as a result of the acquisition of ABN AMRO by a consortium of banks led by the Royal Bank of Scotland.MD, Compliance & Regulatory Relations, ABN AMRO WCS Holding Co., The Americas, (2003–2008)Built an effective compliance team and program to remediate severe deficiencies identified by Federal Reserve Bank, State Regulators, and self-regulatory organizations, and to address allegations raised by the U.S. Department of Justice, the Wall Street Journal, and other law enforcement agencies. • Successfully managed the efforts to ensure that an MOU and Cease and Desist Order issued to ABN AMRO were lifted, including the completion of a government-mandated review of 14 million international wire transfer transactions to ascertain unreported suspicious activity.• Worked closely with and secured the support of ABN AMRO's Managing Board and its North American management team to ensure the implementation of a best-in-class global anti-money laundering set of controls.• Managed relationships with and addressed concerns raised by the regulators, media, and various government entities concerned with ABN AMRO's operations.

Greater New York City Area

Group Counsel and Director of Compliance, Latin American Consumer Business (1989 – 1998)As a member of the Latin American and Canadian consumer bank senior management team, provided strategic, legal, and compliance leadership in the evaluation of new business initiatives, portfolio acquisitions, product development, and day-to-day operations.• Appointed first group counsel for the Latin America consumer businesses. Constructed a regional legal department, consisting of 28 lawyers, ensuring consistency and efficiency in the provision of legal services across the complex product offering and legal vehicle structure utilized within the geography.• Developed and implemented the first formal compliance program across Latin America. Through the direction of 15 senior professionals a discipline and culture was developed which immunized the businesses against failures to comply with the U.S. and local laws, regulations, policies, and ethical standards.• Served as Corporate Secretary and Senior Legal Counsel to Citibank International, a billion dollar banking Edge Act Corporation.General Counsel/Director, International Personal Banking (1987 – 1992)Provided general counsel from the inception of several startup international upscale offshore banking initiatives focusing on global clientele. These programs included Citibank's remote banking initiatives, non-resident Indian program, Canadian consumer operations, and personal banking for overseas executives which grew to over $100MM in earnings.

Group Counsel and Director of Compliance, Latin American Consumer Business (1989 – 1998)As a member of the Latin American and Canadian consumer bank senior management team, provided strategic, legal, and compliance leadership in the evaluation of new business initiatives, portfolio acquisitions, product development, and day-to-day operations.• Appointed first group counsel for the Latin America consumer businesses. Constructed a regional legal department, consisting of 28 lawyers, ensuring consistency and efficiency in the provision of legal services across the complex product offering and legal vehicle structure utilized within the geography.• Developed and implemented the first formal compliance program across Latin America. Through the direction of 15 senior professionals a discipline and culture was developed which immunized the businesses against failures to comply with the U.S. and local laws, regulations, policies, and ethical standards.• Served as Corporate Secretary and Senior Legal Counsel to Citibank International, a billion dollar banking Edge Act Corporation.General Counsel/Director, International Personal Banking (1987 – 1992)Provided general counsel from the inception of several startup international upscale offshore banking initiatives focusing on global clientele. These programs included Citibank's remote banking initiatives, non-resident Indian program, Canadian consumer operations, and personal banking for overseas executives which grew to over $100MM in earnings. Responsibilities included: provision of legal, regulatory, and tax counsel; litigation management; and contract review, negotiation, and preparation.Counsel, Office of the General Counsel (1982 – 1987)First attorney selected by the Office of the General Counsel to participate in the Attorney Rotational Program implemented to train junior attorneys with high potential for experienced line legal positions.

Doctor Of Law (Jd)

Master Of Business Administration (Mba), Finance

Bachelor Of Science (Bs), Finance