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Management Vice President

Location:
Raleigh, NC, 27616
Posted:
March 24, 2011

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Resume:

JOHN SILVER, CIA CFSA

**** ****** *****, *******, ** 27616 ? Residence: 919-***-**** Cell:

919-***-**** ? ************@*****.***

DIRECTOR OF internal audit / financial services

EXECUTIVE SUMMARY

Expert in: Internal Audit ~ Compliance ~ Sarbanes Oxley ~ Financial

Services Management

Consummate, high-energy executive who leads companies through change and

challenge. Strategic problem-solver who envisions smart solutions and

executes with urgency across all levels of the organization. Hands-on

leader with extensive internal audit experience who is able to keep teams

focused and productive. Outstanding strategist that is able to deliver

ground breaking results in highly competitive business markets. Skilled in

negotiating partnerships and alliances with a keen ability to assess the

adequacy of organizational controls.

CORE COMPETENCIES

SOX ~ Internal Control ~ Financial Budgets ~ Change Management ~ Policy

Development ~ Strategic Planning

Risk Management ~ Audit Committee ~ Productivity & Performance Improvement

COSO ~ FDICIA ~ CRA ~ Organization & Communication

RECENT EMPLOYMENT HISTORY

capital bank, Raleigh, NC

2004 - February 2010

Regional bank offering a broad range of personal and business financial

services, headquartered in Raleigh, NC.

Vice President / Director of Internal Audit

Leveraging broad competencies in internal auditing and SOX oversee

departmental goals, audit work schedules and programs, staffing and

financial budgets. Routinely and effectively communicate audit findings and

recommendations to various departments, senior management and the Audit

Committee. Effectively manage contact with external auditors ensuring a

collaborative environment. Serve as a non-voting member on various Bank

Committees.

Key Achievements

. Provided the impetus, vision and leadership to establish the Bank's first

Internal Audit Department.

. Through insightful leadership, accountability and business process review

directed a comprehensive program of internal auditing determining the

adequacy of internal controls and the degree of compliance with those

controls.

. Successfully led the Sarbanes Oxley 404 implementation, including

facilitating risk assessment sessions with management, testing of controls

and reporting to executive management and the Audit Committee.

Branch Banking and Trust co, Wilson, NC

1998 - 2004

American bank with assets of $165.3B as of June 2009, offering full-service

commercial and retail banking services.

Vice President / Internal Audit

Fully accountable for the expert management and successful progress of the

internal audit function. Created high-performance culture and measurable

processes by establishing clear audit objectives for audit teams and

monitored progress toward those objectives with a focus on high quality

results. Recommended improvements to strengthen overall risk management and

provided appropriate and meaningful management monitoring and reporting.

Maintained expert relations with and assisted in the coordination of audit

efforts with regulatory examiners and external accountants to ensure prompt

and efficient completion of examinations.

Key Achievements

. Provided leadership in the delivery of risk-based audit and consulting

services to ensure adequate, effective, and efficient audit coverage for

each capital market line of business.

. Participated with management by consulting on the implementation of new

processes and procedures, changes to existing ones; and related changes to

risk management systems and processes.

. Participate on committees/task forces from a risk management consulting

perspective.

JOHN SILVER

PAGE TWO

PREVIOUS EXPERIENCE

virginia first savings bank, Petersburg, VA

Regional bank acquired by Branch Banking and Trust Co. in 1998.

Vice President / Director of Internal Audit

Provided high level direction for departmental goals, audit work schedules

and programs, staffing and financial budgets. Communicated extensively

with various departments, senior management and the Audit Committee.

Automated the mortgage quality control function effectively enhancing

reports for senior management and assigned accountabilities.

Key Achievements

. Pioneered Bank's first Internal Audit Department and initiated a

comprehensive internal CRA (Community Reinvestment Act) assessment program

which resulted in the Bank earning its' first "Outstanding" rating from

the Office of Thrift Supervision.

. Served as Co-Chairman of task force responsible for evaluating and

documenting the institution's internal control systems as required by

FDICIA/COSO.

American express financial services, Richmond, VA

Diversified global financial services company, headquartered in New York

City.

Financial Planner

Drove corporate initiatives and provided individuals and businesses with

financial planning. Successfully obtained licenses to sell stocks, mutual

funds, life and health insurance, annuities and other investment products.

Goldman Sachs & co, New York, NY

A full-service global investment banking and securities firm.

Internal Auditor

Evaluated policies and procedures designed to control business and

operational risks associated with all trading and operational areas of

broker-dealer and investment bank.

Key Achievements

. Developed and helped implement recommendations to improve control

weakness.

. Provided internal consulting services for the proactive improvement of

existing controls and procedures related to all areas and functions of the

firm.

Margin Analyst

Monitored accounts for margin and other regulatory requirements. Interacted

and resolved operational problems, requiring extensive knowledge of how

each operational department functioned.

Key Achievements

. Resolved inquires concerning trades, dividends and deliveries for

assigned accounts.

. Monitored the firm and clients compliance with NYSE and SEC regulations.

EDUCATION AND PROFESSIONAL DEVELOPMENT

Bachelors of Business Administration, Accounting, Pace University, New

York, NY

Certified Internal Auditor, CIA

Certified Financial Services Auditor, CFSA

Series 7 & 66 and Property & Casualty Insurance Licenses, previously held.



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