David MacNair is a consultant at Bates Group who is recognized as a subject matter expert in the field of Anti-Money Laundering (AML), Financial Crime, and Securities Market Abuse matters. His career spans more than 30 years in the brokerage industry where he began as an Examiner for FINRA (NASD), conducting both sales practice and net capital exams at member firms. He then moved on to Prudential Securities where he held a number of positions that included OTC Trading Desk Compliance and Control Room Officer where he was responsible for rule interpretation, training and trade surveillance report reviews. Thereafter, David worked at Smith Barney where he conducted sales practice surveillance of the firm’s international branch offices. There he participated in various projects which included the development of Risk and Control Self Assessments, Anti-Money Laundering surveillance and Fraud Prevention programs.
David was most recently the Director of Surveillance & Investigations at Credit-Suisse, covering the U.S Broker Dealer, Credit-Suisse AG New York and Cayman Island bank branches. He was responsible for managing a regulatory remediation project and build-out of policies, procedures, governance and control framework covering surveillance and investigations to ensure compliance with the Bank Secrecy Act and USA PATRIOT Act. David served as the subject matter expert during AML Tuning & Optimization exercises and participated in senior management operational risk forums where he generated and presented financial crime assessment reports on emerging risks, trends and patterns related to brokerage products and services. In addition, he managed a global team of New York-based AML Investigators and Pune-India based Surveillance Analysts. David has created and provided training to all areas of the business to ensure each line of defense understood their obligations with respect to operational, regulatory and reputational risks.
As a subject matter expert, David has participated as both Moderator and Panelist at various industry conferences and presides as an Arbitration Panelist and Chairperson at FINRA Arbitration hearings. He is also a member of the Association of Certified Fraud Examiners.
David holds a bachelor’s degree in Business Administration from the State University of New York at New Paltz. He recently completed studies at the Wharton School of Business (online) in Fintech: Foundations and Applications of Financial Technologies (Blockchain, Cryptocurrency, Crowdfunding). He keeps up to date with the rapidly changing financial technology landscape and its associated regulatory matters.
Credit-Suisse Securities (USA) LLC, Director – Financial Crime Compliance Investigations, New York, NY, 2016 – 2020
Barclays Capital, Director – Global AML Investigations and Surveillance, New York, NY 2009 – 2016
Citigroup (Smith Barney), Manager of Anti-Money Laundering Investigations Department, New York, NY, 1997 – 2008
Prudential Securities, Compliance Officer, New York, NY
NASD (FINRA), Examiner New York, NY
New York Life Insurance, Claims Analyst, New York, NY
Bachelor of Science (B.S.), Business Administration, State University of New York (SUNY) at New Paltz, New Paltz, NY
Securities Industry Essentials (SIE)
Association of Certified Fraud Examiners (ACFE)
FINRA Arbitrator Panelist and Chairperson
Wharton School of Business (online): Fintech: Foundations and Applications of Financial Technologies (Blockchain, Cryptocurrency, Crowdfunding)
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