Eric T. Young re-engineers governance, risk, and compliance programs of globally, complex companies to enable responsible and sustainable business growth. He also helps firms build more proactive and predictive risk assessment, control, electronic including off-channel communications, and surveillance processes with advanced regulatory technology and artificial intelligence.
Mr. Young has deep regulatory, ethics and compliance experience, having spent over 30 years in chief compliance officer and chief AML officer roles with JP Morgan, four foreign banks including UBS and BNP Paribas, as well as with General Electric and S&P Global Ratings.
He is a member of the Financial Services practice as well as the National Security practice.
Mr. Young remediates and transforms enterprise-, AML, economic sanctions, and anti-corruption compliance programs consistent with U.S. Department of Justice Sentencing Guidelines and Corporate Compliance guidance, as well as U.S. federal, state, and international standards such as the Bank Secrecy Act, FATF, OFAC, Foreign Corrupt Practices Act, and other anti-financial crime standards.
Since joining Guidepost in January 2022, Mr. Young has led AML transaction monitoring recalibration and model validation projects, compliance advisory and monitoring of a community bank, and is part of the independent monitoring team of a global financial institution. He has also benchmarked and evaluated the compliance risk management effectiveness and maturity of a number of corporate organizations including a global multimedia company as well as a major energy infrastructure and trading corporation. Mr. Young has also reviewed the effectiveness of an international bank’s political exposed person (“PEP”) controls. He also provides litigation support relating to a major international fraud and wire transfer scandal; is the central point of media contact over economic sanctions, AML, corporate culture and ethics, and innovative financial crime matters involving cryptocurrencies. He is frequently invited to speak as a conference panelist over the linkage of economic sanctions, national security, and U.S. Department of Justice prosecutions over ineffective compliance programs.
Throughout his career, Mr. Young has evaluated, proposed, and upgraded Know Your Customer and AML surveillance systems and tools; enhanced anti-financial crime compliance reporting, data, and corporate compliance metrics to boards of directors; creating and executing AML compliance risk assessment, monitoring, and testing programs. He has also led anti-bribery and corruption investigations and upgraded ABAC compliance programs.
Mr. Young began his career at the Federal Reserve Bank of New York with training in financial analysis, bank examinations, and regulatory compliance.
In addition to his corporate work, Mr. Young is an adjunct professor of ethics and compliance classes at Fordham University School of Law. He is also an advisory board member for Compliance Week, and for multiple AI technology companies.
In December 2021, he received the inaugural Lifetime Achievement (Excellence in Compliance Community) Award by RAW Compliance, a non-profit global compliance platform and community.
Mr. Young is a frequent speaker and author and has been featured in the American Banker, Wall Street Journal, Financial Times, Dow Jones MarketWatch, Euromoney, Forbes, and Reuters. He also authored the book “Declaration of Independence – Compliance and Boards of Directors Can Partner to Hold Management More Accountable”.
