Steve Boult Email and Phone Number
I command proven experience across risk controls and procedures to resolve complex historic problems for regulated firms, more often international banks but also recently in the insurance sector. Utilising combined compliance expertise and commercial acumen, I deliver positive change in challenging environments.In addition to establishing alliances with diverse internal and external stakeholder groups, including boards and regulators, I am adept at building and growing new teams, aligning them to strategic objectives and robust risk procedures. I embed effective corporate governance structures to professionalise businesses and secure client confidence.I am excellently positioned to draw on my superb risk and general business oversight experience in the pursuit of growth and good governance ambitions. I would welcome a discussion about how I can support your business and your board in areas such as:☑ Strategic Planning☑ Corporate Governance☑ Global Leadership☑ Project Management☑ Problem Solving☑ Risk☑ Compliance☑ Regulation☑ Controls☑ Reporting☑ Restructures☑ Transformations☑ Turnarounds☑ Outsourcing☑ Negotiations
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Head Of Risk & Compliance (Cro)King & Shaxson Apr 2024 - PresentLondon, England, GbResponsible for the 2nd line of defence covering Risk Management, Compliance, AML, Fraud Prevention, Legal & Data Protection controls. -
Head Of Risk & Compliance (Cro)King & Shaxson Asset Management Apr 2024 - PresentLondon, England, Gb -
Non Executive DirectorCarbonyte Jun 2023 - PresentIndependent non-executive director of this Green Neo Bank focussing on Ethical Business Banking for a Sustainable Future. -
Interim Chief Compliance Officer/MlroFcmb Bank Uk Limited Jun 2023 - Dec 2023London, England, GbInterim position responsible for the 2nd line of defence covering Compliance, AML, Fraud Prevention, OpRisk, Legal & Data Protection controls. -
Interim Director Of Governance (Cro)Health Shield Friendly Society Ltd Jun 2022 - May 2023Crewe, Cheshire, GbInterim Chief Risk & Governance Director responsible for the 2nd line of defence covering Risk, Compliance, AML, Fraud Prevention, Legal & Data Protection controls. -
Chief Risk Officer (Cro) / Executive DirectorSonali Bank (Uk) Dec 2016 - May 2022I was appointed by the London subsidiary of the foreign-owned bank to strengthen risk, compliance and corporate governance controls following an FCA AML fine & PRA s166 on Risk & Governance, both issued due to historic issues. Led a direct team managers covering the 2LOD/Governance controls: Compliance, AML & Fraud, Data Protection, Legal, & IT teams.Key Contributions: • Acting as the main contact for regulators, I established the UK risk function as the first CRO and the required MI to fulfil regulatory obligations, winning confidence from clearers and regulators in SBUK’s governance to have the s166 and other regulatory controls removed. • Taking on broader responsibility for IT, I restructured the IT department and outsourced HR to drive up performance, leading complex union negotiations to achieve this.• Made integral contributions to the business strategy and ultimately protected the bank from a second fine in 2017. Thereafter engaged with parent Sonali Bank Ltd executive team to recommend similar risk & compliance controls.
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DirectorGreen'N'Groovy Ltd Jul 2008 - Feb 2022Owner of an ECO Friendly Car Hire firm for several years.
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Head Of Risk & Compliance (Cro)Bank Of Beirut (Uk) Limited Dec 2014 - Dec 2016Beirut, Beirut, LbIn 2014, I was engaged to fortify the risk, compliance and corporate governance controls of this foreign bank’s complex UK subsidiary in anticipation of a forthcoming FCA fine based on historic challenges. I oversaw five direct reports.Key Contributions: • Implemented AML & compliance monitoring programme controls, incorporating new systems and MI, which sufficiently addressed regulatory and client concerns. • Created the risk department from scratch, including a risk dashboard and risk monitoring programme in addition to new risk MI that could be accurately communicated to the board. -
Head Of Legal, Compliance & RiskUba Uk Sep 2013 - Dec 2014London, GbHolding responsibility for risk, compliance, AML and legal, I played an integral role in the project to convert the London brokerage subsidiary of one of Africa’s largest banks into a UK bank.Key Contributions: • Developed risk policies, a compliance monitoring programme and strong corporate governance for the new banking business to secure a successful PRA application and FCA Variation of Permission for deposit taking.• Set up the risk department, which did not exist previously, leading on all aspects as well as managing FATCA & TCF/Conduct Risk projects. -
Director, Global Markets Compliance AdvisoryCredit Agricole Cib 2008 - 2013Montrouge, -, FrIn this role, I managed all compliance monitoring controls and MI for the 1,000 staff London branch of the sixth largest bank in the world, with global responsibility for private side investment research compliance advice and procedures. Key Contributions: • Executed critical projects in response to new regulation, including compliance for Dodd Frank, EMIR & LIBOR and enhanced the global compliance monitoring programme to optimise AML and market abuse controls.• Advised on compliance for private side finance transactions and monitoring of structured products distributed to clients and for the residual commodities business line. • During this time, Credit Agricole was the only French bank to avoid regulatory sanction owing to excellent monitoring and reporting. -
Head Of Compliance & AmlWealth Management Group-Llc Feb 2008 - Aug 2008Rice Lake, Wi, UsI revised compliance policies and procedures to facilitate a reduction in size to this hedge fund. I provided general compliance advice and set up robust reporting and controls, as well as overseeing Hong Kong office compliance. -
Chief Operating OfficerSberbank Cib 2006 - 2008Москва, RuIn this period, I managed the regulatory changeover at MiFID and delivered two successful FCA Variation of Permission projects. -
Director, Capital Markets Compliance AdvisoryBnp Paribas Jul 2006 - Nov 2006Paris, FrI was contracted to advise on fixed income & equity derivatives business lines, spanning all capital markets & derivatives products. -
Head Of Compliance & MlroEurope Arab Bank 2004 - 200635 Park Lane, Mayfair , London, GbIn this position, I led the projects to centralise AML controls across Europe and to successfully apply to the FCA and European regulators for the conversion from a non-EU branch to a UK bank. -
Head Of Compliance & MlroBanca Imi 2000 - 2004I project managed the firm’s transformation from an exchanged traded derivatives broking subsidiary into a full passported EU bank branch covering numerous other products.
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Head Of Compliance & MlroIntesa Sanpaolo 1996 - 2000Turin, To, ItDuring this time, I oversaw compliance duties in the 250 staff UK branch, covering dealing room and corporate banking operations. -
Compliance OfficerInternational Capital Market Association (Icma) 1990 - 1996Zurich, ChI acted as the main contact for regulatory advice concerning capital markets trading and settlement.
Frequently Asked Questions about Steve Boult
What company does Steve Boult work for?
Steve Boult works for King & Shaxson
What is Steve Boult's role at the current company?
Steve Boult's current role is CRO/Chief Compliance Officer/MLRO | Transformation through robust governance.
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