- Executive Director, Compliance Director at JPMorgan Chase
- AML Compliance Officer, JPMorgan Chase
- Vice President, Goldman Sachs
- Director and Regulatory Counsel, Compliance Department, Nomura Securities International
- Deputy Chief Counsel, New York Region, The National Association of Securities Dealers
- Principal Court Attorney to New York State Acting Supreme Court Justice Frederic S. Berman
Jay Lippman is a Managing Director based in Exiger’s New York office. A seasoned regulatory and compliance professional, he focuses on the firm’s anti-money laundering (AML) compliance and financial crime services.
Jay joined Exiger from JPMorgan Chase, where he served in the firm’s Global Financial Crime Compliance Department as Executive Director, Compliance Director. There he provided advisory services for a number of business units within the firm’s corporate investment bank, including markets, investor services (prime brokerage, broker-dealer services, clearing and back office operations) and investment and corporate banking. He was also the designated anti-money laundering (AML) Compliance Officer for the firm’s two U.S. registered broker-dealers and futures commission merchants. While there, Jay advised the firm’s divisions on AML compliance and assisted the global sanctions department in ensuring adherence to global sanctions requirements. He also served on AML governance committees and conducted AML risk assessments. Jay delivered AML presentations to staff assigned to multiple units within the firm and to broker-dealer clearing clients. He also drafted and provided input on key policy initiatives and AML alerts, with a focus on AML program requirements and Know Your Customer (KYC) policies.
In addition, Jay was a Vice President in Goldman Sachs’ compliance surveillance Strategy Group, (CSSG). In this role, he served as the AML Representative for the U.S. Securities Division, where he provided AML advisory services to trading and prime services units and provided guidance to KYC staff regarding client on-boards. Additionally, he assisted in the enhancement of procedures for one of CSSG’s investigative units, conducted AML presentations for firm staff and clearing clients, designed and conducted AML risk assessments for clearing clients and assisted in drafting a revised AML policy for one of the firm’s business units.
Prior to this, Jay was Director and Regulatory Counsel in the Compliance Department at Nomura Securities International, Nomura’s US registered broker-dealer. While serving as AML Officer and supervising the registration department, he implemented a revised AML program in response to new requirements under the U.S. Patriot Act. He also provided input on critical compliance policy and training initiatives and assisted in providing responses to regulatory inquiries.
Before Nomura, Jay was Deputy Chief Counsel, New York region, for the National Association of Securities Dealers (NASD) (now known as the Financial Industry Regulatory Authority). In this position, he supervised attorneys and oversaw training programs for examination staff. Jay also participated in providing training programs for U.S. and foreign regulators and law enforcement. As part of his responsibilities he served as district staff liaison to governmental agencies, and handled a high volume of complex cases involving securities fraud, unauthorized transactions, churning, and supervisory failures. Some of these disciplinary actions were the subjects of significant parallel actions brought by US law enforcement agencies and securities regulators.
Earlier, Jay served as a principal Court Attorney to New York State Acting Supreme Court Justice Frederic S. Berman, where he conducted research and drafted decisions for felony cases. He began his career as an Assistant District Attorney in the New York County District Attorney’s Office, where he tried felony and misdemeanor cases.
- Columbia University, B.A.
- State University of New York at Buffalo School of Law, J.D.
- NASD - President’s Award