Steven Wachtel
Senior Director @BNY
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WORK HISTORY
Senior Director @BNY
New York, NY, US
Lead global Information Barrier, Employee Trading, and Trade Surveillance programs, managing 50+ compliance professionals across EMEA, APAC, and North America.• Stabilize and transform programs which had failed leadership and poor audit outcomes. • Partner with Legal to support Firm’s Executive Committee regarding personal trading controls, including Rule 16-related matters.• Serve as Senior Leader to educate business partners and others involving material non-public information, ethics-related matters and to identify and mitigate conflicts of interest.• Conducted enterprise-wide risk assessments to identify and mitigate compliance vulnerabilities, informing policy updates and training initiatives.• Collaborate with senior leadership to assess and update global programs.• Built cross-functional partnerships with global teams, fostering a culture of transparency and ethical conduct through inclusive training and stakeholder engagement.• Assessed training needs and developed a global compliance training program tailored to risk levels, educating employees on insider trading and information barriers.• Direct global Employee Trading program, managing pre-clearance processes for over employees and ensuring compliance with SEC Rule 10b5-1.• Enhance Employee Trading controls: create new all employee training course, implement Approved Brokers in the UK, India, Singapore and Hong Kong, implement new process to collect and review employee statements and reduce risk by initiating new quality control program.• Rebuilt Control Room: implement new post-trade and email surveillance programs, enhance MAR controls, create program for identification of private side employees, enhance controls for Firm’s restricted list and institute program to ensure physical and technological segregation.• Oversee centralization of Firm’s federated trade surveillance model.• Successfully led migration from PTA to Star Compliance enhancing the Firm’s controls.
EDUCATION
State University of New York Cortland
Political Science
Brooklyn Law School
JD, Law
Binghamton University
BA, Political Science
SKILLS
ABOUT STEVEN WACHTEL
I\'m a seasoned compliance leader with over 20 years of experience driving global ethics, securities, and regulatory programs for large global financial institutions including BNY and Pershing. As a Senior Director at BNY, I lead a large global team across EMEA, APAC, and North America, managing Information Barrier and Employee Trading Surveillance programs. I excel at transforming underperforming compliance programs and controls, as well as developing brand new programs. My expertise in securities law, honed as an attorney, regulator and compliance professional, has been foundational to my ability to navigate complex regulatory landscapes with precision.I’m passionate about fostering transparent, inclusive cultures through cross-functional partnerships. I thrive in matrixed environments, collaborating with leadership to mitigate risks and uphold integrity.
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