Project Manager Internal Audit

Stephen Young, CPA, CFE

**W*** Mack Road Wheaton, IL 60189

630-***-**** cell *********@*****.***

Executive Profile

Expert senior audit executive and business leader with more than fifteen years of successfully establishing and directing audit and compliance departments in industries worldwide. Industry experience includes logistics and distribution, petrochemical terminals and pipelines, aircraft leasing, rail leasing and repair, fresh and salt water marine operations, manufacturing operations and financial services. Builds shareholder value by fighting against the constant hemorrhaging of corporate funds due to persistent theft, fraud or ineffective management. Carefully monitors critical operations, discovers and investigates all irregularities, identifies and recovers losses occurring anywhere in the world.

A trusted confidante and collaborator in the boardroom who communicates effectively with customers, vendors, financers, directors and all stakeholders. Transforms organizations by delivering strong improvements in efficiencies and cost containment. Leads global investigations and fraud prevention fraud campaigns covering construction, joint ventures, internal irregularities and criminal activities. Extensive qualifications in the following competencies:

Mergers & Acquisitions Joint Ventures

Cross-Cultural Collaboration Continuous Process Improvements

Global Fraud Detection and Prevention Cost Containment Projects

Asset Misappropriation & Recovery Operational, Financial & IT Auditing Expertise

Sarbanes Oxley Expertise Loss Prevention & Recovery

Enterprise Risk Management Development Global Compliance Program Development & Implementation

Career Synopsis

Resources Global Professionals 2014-Present

Global consulting firm that utilizes highly experienced individuals

Consultant / Projects:

GE Capital Corporation North America – Performed a review GE’s anti-fraud program and made recommendations for improvement

Inteliquent – Provided the company with direction in turning around a failed Sarbanes Oxley program and implementation of COSO 2013

GE Rail - Provided direction to Internal Audit team on auditing the company’s Rail operations

AuraSense – Provided the company with approach, structure and techniques for first attempt at SOx compliance and COSO 2013

Akorn – Provided new internal audit department with approach and execution of first internal audit risk assessment

GATX Corporation, Chicago, IL 1990–2014

Publicly-held (NYSE:GMT) global leader in railcar leasing with 2011 revenues of $1.3 billion

Vice President Internal Audit (1990–Present) – Progressed from Audit Manager to Assistant Director to Director to Vice President and finally Vice President and Chief Compliance Officer.

Managed local staff of 11 and audit teams internally as well as outsourced staff. Partner with Deloitte on remote teams in Mexico, Germany, Poland, Austria, China, India and Russia. Examines and analyzes worldwide business and promotes changes to optimize transparency and efficiency. Teams with customers, vendors, and board members to detect and remedy irregularities. Trains and develops personnel. Key leader in operations and business acquisition due diligence.

Optimized internal audit department performance, creating a highly respected industry leader and world-class business partner, boosting requests for involvement on internal project from zero to 15 per year.

Bolstered productivity, significantly improved audit efficiency while reducing costs.

Recovered $1 million through fraud investigations including $250,000 in duplicate charges, $200,000 in fraudulent charges and $400,000 in a scrap metal scam.

Saved $500,000 annually by launching utility, telecommunications, and freight audit programs.

Spearheaded activity-based costing project for GATX Terminal Corporation's Port of Houston operation, driving an 11% increase in profitability.

Established client-driven consulting arm for audit services to assist process and business owners to identify abnormalities, with over 25% of annual work plan resulting from client requests.

Restructured internal audit department to improve team skills, reduce travel costs and regional and cultural expertise, producing $100,000 in initial savings, while increasing overall projects from 24 projects to 31 projects per year.

Successfully argued the case for limited centralized procurement on select products and services, resulting in better quality services and products, fewer shortfalls in supplies and a lower per unit cost.

Discovered and regained through restitution and insurance, approximately $2.5 million dollars in bogus material and labor charges for Mexican construction projects.

Discovered $2 million in product diversion through vendor collusion with an onsite project manager in Singapore and drove arrest and conviction of the thieves.

Successfully championed separate initiatives for Enterprise Risk Management and a Global Compliance function.

Chief Compliance Officer (2001–Present - Concurrent)

Championed and gained approval from the CEO and the Audit Committee of the Board to establish and direct new compliance department. Formed compliance committee to assist in program roll-out and execution. Handles Sarbanes-Oxley compliance. Develops and implements anti-fraud programs; handles annual fraud risk assessment. Introduced web-based compliance training covering diverse areas such as insider trading, harassment, Foreign Corrupt Practices Act, antitrust, and company-wide code of conduct and business ethics to reduce corporate risks.

Achieved continual cost reduction of approximately $150,000 associated with SOX compliance.

Designed and implemented ongoing anticorruption program that meets requirements of Federal Sentencing Guidelines.

Identified over $1 million in fraud occurring within service centers, identifying suspect vendors and bogus purchasing card transactions and travel and entertainment expenses, obtaining a confession from a major participant.

Introduced and utilized online system to compliance-train 100% of the target employee population effectively and efficiently.

Vice President of Finance-GATX Bonifacio Logistica, Sáo Paulo, Brazil (1999–2003)

Handled due diligence prior to joint venture “creation” with Brazilian company. Directed operations, finances and customer support. Executed cultural and language integration. Established annual budget process and internal controls. Evaluated Brazilian rail market. Identified/forged relationships with three largest railroads in South America. Maintained interaction with banks, customers, and vendors. Integrated resources, controls, and capabilities of larger US business into nimble, fast-paced environment of local Brazilian entity.

Managed investment of $2 million as sole company participant.

Working with banks, large international clients and local operations, attracted major clients including Gessy Lever, Solvay International and others.

Captured gain of $25 million upon the ultimate sale of the business.

Heller Financial, Chicago, IL 1986–1990

Vice President IMS Development Center (1989–1990); Assistant Vice President Internal Audit Operations (1986–1989)

Reporting to the CIO, led IMS department, 18 team members and a budget of $1 million. Executed full cycle financial and operational internal audits, from planning and budgeting through execution. Built new EDP audit department. Created worldwide risk assessment and audit plan for operational, financial, and systems auditors. Slashed outside audit fees 40%.

Education & Professional Training

University of Phoenix, Phoenix, AZ Western Illinois University, Macomb, IL

Master of Business Administration degree in Finance Bachelor of Business degree in Accounting

Association of Certified Fraud Examiners

The UK Bribery Act - Fraud Risk Management - Introduction to Fraud Schemes

Interviewing Prospective Witnesses - Compliance and the Fraud Examiner

Practical Ethics for Fraud Examiners - Conducting Admission Seeking Interviews

Corporate Governance of Fraud Protection - Making Crime Pay-Asset Recovery Techniques

Elements of Internal Investigations: Interviewing and Reporting; Gathering and Protecting Evidence

FCPA Compliance: Creating an Effective Anti-Corruption Compliance Program

Certifications & Associations

Certified Public Accountant

Certified Fraud Examiner

Certified Lead Assessor (ISO 9000)

Institute of Internal Auditors, Member

Association of Certified Public Examiners, Member

American Institute of Certified Public Accountants

Society of Corporate Compliance and Ethics, past Member

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