Quality Assurance Manager

Aris Hadjieftychiou

Farantaton ** Apt Z - Athens 11527, Greece - cell 0030 697-***-**** - ******@*******.***

KEY QUALIFICATIONS:

Have 20 years of experience primarily in internal audit services for multinational organizations. Recent internal

audit experience with Eurobank includes developing and implementing internal audit methodologies, conducting

quality assurance reviews and serving as the group functional leader for audit work in the areas of corporate

governance, strategy, finance & control, human resources and legal services. Prior experience includes 11 years

with PwC providing internal audit, external audit and consulting services and 4 years with a manufacturing

company responsible for the strategy and finance function and taking the company public. Managed relationships

with senior management. Presented to the Audit Committee. Recruited and developed staff. Traveled

extensively and supervised teams in various countries. Have experience with both US GAAP and IFRS. Attained

CPA (Virginia), CIA, CFE, CMA, FCA (UK). Proficient in MS Office and TeamMate. Fluent in English and Greek.

EXPERIENCE:

Eurobank, Athens, Greece January 2010 – Present

Senior Manager – Internal Audit Group, January 2010 – Present

• Responsible for part of the audit universe, audit methodologies and quality assurance reviews.

• Served as the group functional leader for Internal Audit (IA) work in the areas of corporate governance,

strategy, finance & control, human resources, legal services and international activities. Developed and

executed the relevant risk-based audit plan, supervising all audit work in Greece and Luxembourg.

Provided advice to IA functions of European subsidiaries in terms of audit scope, strategy, programs and

preliminary findings. Reviewed and cleared all reports prior to issuance by local IA Heads.

• Managed relationships with senior management in areas of responsibility. Discussed audit issues and

changes in business and risks in quarterly meetings with top executives (CFO, HR Head, Legal Counsel).

Held business monitoring meetings with management at various levels. Followed up on key audit issues

reported to the Audit Committee (AC). Led the quarterly update of the high-level risk assessment at

country-level reported to the AC. Managed multiple engagements, coached teams, reviewed work-papers

and reports and led closing meetings with senior management.

• Conducted one of the most complex and high-profile audit assignments regarding cross-border loans and

offshore bookings in special purpose entities, leading interviews with top executives including the Chief

Risk Officer, CFO and Head of International Activities. Reported a key audit issue to the AC and followed

up on management actions to address it. Performed a follow-up assignment and presented results to the

Hellenic Financial Stability Fund.

• Served as the Quality Assurance (QA) reviewer, a part-time rotational role, for two half-year terms.

Conducted QA reviews of audit work performed by IA functions of European subsidiaries and reported

results to IA Heads and the AC. Delivered a follow-up international training course to all managers.

• Served as the subject matter expert in IA methodologies. Delivered training on IA methodologies to

members of the Internal Audit Group and presentations to members of the AC and senior management.

• Led the re-engineering of the risk assessment methodology. Developed a change management program

including a communication plan, a training plan and a post-implementation quality assurance program.

• Led the implementation of the new risk assessment methodology and the development of the annual

audit plan. Facilitated workshops with IA leadership to validate the risk assessment and audit plan.

• Redesigned and presented the report on the annual audit plan and risk assessment results to the AC.

• Led the development and implementation of the business monitoring methodology.

• Led the re-engineering and implementation of the methodology for the high-level risk assessment at

country-level which is updated and reported to the AC on a quarterly basis.

PricewaterhouseCoopers, New York, New York November 2004 – September 2009

Manager – Internal Audit Services Group

• Responsible for multiple internal audit engagements and practice development and recruiting efforts.

• Managed an annual Internal Audit plan involving 40 reviews in 30 locations around the world for a

Fortune 500 company (ITT Corporation). Planned and coordinated resources from around the world.

Delegated responsibilities to and coached staff, communicated issues and status to the PwC Partner and

ITT Director of Internal Audit, reviewed work-papers and reports and facilitated closing meetings with

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senior management. The plan included financial, operational and compliance reviews including reviews

for compliance with the Foreign Corrupt Practices Act (FCPA) in Europe and Asia.

• Supervised a large Sarbanes-Oxley (SOX) implementation project in Europe for a large pharmaceutical

group (Barr) visiting multiple locations and supervising 15 auditors. Developed guidance on SOX matters

(documentation, sampling and testing requirements). Trained local auditors, reviewed work, negotiated

with local management and gained acceptance on findings and remediation plans. Communicated issues

and status to the VP of Internal Audit in the USA. Assisted management in problem solving and

negotiations with external auditor and prepared memos on revenue recognition and deficiencies.

• Developed the risk assessment and audit planning methodology of one of the 50 largest companies in

the world (Siemens) and assisted in setting up a global IA function with 500 internal auditors worldwide.

Reviewed practices in the existing fragmented IA functions and separate Risk Management (RM)

function, interviewed key IA and RM personnel, leveraged thought leadership and best practices, drafted

the methodology, held workshops, sought a pragmatic approach and gained acceptance.

• Advised on the implementation of an anti-corruption compliance program at a Fortune Global 50

company (Siemens) and performed tests to validate proper implementation.

• Led fieldwork for IA, SOX, Japanese-SOX, FCPA and anti-corruption compliance work at many locations

in the USA, Caribbean and Europe (UK, Croatia, Czech Republic, Poland, Germany and Denmark).

• Provided IA services to many organizations operating in various sectors (ITT, Siemens, Barr, ABB, Fiat,

Publicis Group, Coty, United Nations, MTA, BASF, Takasago, Thermo Fisher Scientific, etc)

• Recruited and developed staff. Participated as an interviewer on campus and office recruiting events.

Assumed formal role of coach/mentor to several staff. Participated in annual committee for staff

evaluations. Researched target clients and industry thought leadership material and prepared proposals.

• Received the PwC Chairman's award for demonstrating excellence in client service in 2006 and 2007.

Andreas Coullapides Public Company Ltd, Nicosia, Cyprus June 2000 – October 2004

Managing Director

• Responsible for the strategy and finance function and taking this small manufacturing company public.

• Organized and managed the project of taking the company public through a private placement followed

by an Initial Public Offering (IPO). The project was successfully completed in less than a year with the

IPO oversubscribed and the share price opening at a significant premium.

• Drafted the prospectus, supervised the preparation of accounts and filings and functioned as the key

liaison with the external auditors, bankers, lawyers and stock exchange officials.

• Collaborated with the General Manager on operational matters and strategy formulation, evaluated

opportunities for mergers & acquisitions and reported to the Board of Directors.

• Obtained permission from Board and taught accounting and auditing classes at Cyprus College in 2004.

PricewaterhouseCoopers, Nicosia, Cyprus January 1994 – May 2000

Manager, Management Consulting Services Group

• Responsible for consulting and audit engagements and the development of an IA Group in Cyprus.

• Prepared IA methodology and marketing material. Engaged in client targeting efforts.

• Supervised and coached team members. Designed and conducted internal audit programs.

• Performed consulting work including due diligence, feasibility studies, business valuations, budgeting &

variance analysis, product costing, cash flow projections, corporate finance and mergers & acquisitions.

• Performed financial statement audits based on IFRS in Cyprus and Greece.

• Provided services to organizations in many sectors (Hellenic Bank, JCC Payment Systems, Interamerican

Insurance, NCR, Toyota, GlaxoSmithKline, Cyprus Institute of Neurology and Genetics, etc).

EDUCATION:

Virginia Polytechnic Institute and State University (Virginia Tech), Blacksburg, Virginia June 1993

Master of Accountancy. GPA 3.66

Cyprus College (now European University Cyprus), Nicosia, Cyprus July 1991

B.B.A. Accounting. GPA 3.83 (Magna Cum Laude)

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CERTIFICATIONS AND ORGANIZATIONS:

Certified Public Accountant (Virginia) - member of AICPA

Certified Internal Auditor - member of IIA

Certified Fraud Examiner - member of ACFE

Certified Management Accountant - member of IMA

Fellow Chartered Accountant - member of ICAEW

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