Michele M. Fleming

Michele M. Fleming

Michele M. Fleming joined CLS in 2003 and is based in New York. As the Chief Compliance Officer, her responsibilities include the management and oversight of (i) CLS’s Compliance Framework for monitoring compliance with key laws and regulations — especially in the U.S., where CLS Bank is a U.S. federally chartered Edge Corporation and is designated as a Systemically Important Financial Market Utility under Title VIII of the Dodd-Frank Act, and (ii) all matters covered by the CLS Employee Code of Conduct, mandatory training, and the investigation of any reports made through CLS’s anonymous Whistleblower Hotline.

Ms. Fleming is also the appointed U.S. Bank Secrecy Act Compliance Officer at CLS. As such she is responsible for the management and oversight of anti-money laundering and sanctions compliance programs, and oversees the regulatory oversight of CLS Bank by the Board of Governors of the Federal Reserve Bank and its supervisory branch, the Federal Reserve Bank of New York.

In addition to her participation on the Executive Management Committee, Michele is also a member of the CLS Risk Committee.

Prior to joining CLS, Michele held several legal and regulatory positions at Banque Worms Capital Corp. and affiliates, the US subsidiaries of the French Bank, Banque Worms S.A.

Michele holds a Baccalaureate in “Economic and Social Sciences” from College Marie de France, in Montreal, Canada, and earned a J.D. equivalent in Commercial and International Law and the LLM equivalent in International Business and Taxation from the French Universities of Paris II Assas and Paris V Malakoff, respectively. She is also a graduate of the “Centre de Formation Professionelle des Avocats” in Paris. Michele began her career as an attorney at the Parisian law firm of Thieffry and Associates.

Michele is a member of the New York State Bar.