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Audit Professional & Risk Manager

Location:
Mount Prospect, IL
Salary:
Negotiable
Posted:
April 03, 2017

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Resume:

TIM YANONG, CPA

Objective

Risk, Audit and Compliance Professional with expertise in Enterprise Risk Management, Internal Audit and External Audit. Experience in risk assessments, internal control design & implementation, compliance with regulatory requirements, and risk & control mapping. An analytic and creative thinker with the ability to understand and evaluate risk environments from a macro and micro perspective driving towards pragmatic business solutions. Areas of Focus

Enterprise Risk Management

Internal Audit / External Audit

Regulatory Compliance

Risk Assessment

GAAP & COSO Internal Control

Framework

Root Cause Analysis

Process Mapping

SOX 404 (IPE & Control

Effectiveness)

Project Management

Scenario Design

Six Sigma (SIPOC & RACI Tools)

Risk & Control Self-Assessment

Operational Loss Events

BASEL, CCAR & DFAST

New Initiatives

Key Risk Indicators

Credit Policy

Professional Experience

DISCOVER FINANCIAL SERVICES, RIVERWOODS, IL 2013-PRESENT MANAGER – PREVENTATIVE RISK MANAGEMENT, CARD CUSTOMER SERVICE AND CREDIT MANAGEMENT 2016– PRESENT

Managing a team of resources responsible for First Line of Defense Risk support in Card Customer Service and Credit Management

o Conducting control design (CDR) reviews to ensure all key controls are identified, documented and in compliance with internal guidelines and correlated to applicable regulatory rules and regulations:

CDR planning, scoping, effective challenge, issue remediation, compliance risk mapping, and end to end documentation using Six Sigma tools

Ensuring all legal risks and regulations have control coverage within business processes

Manage two direct reports

• Developing continuous training on risk management fundamentals

Develop new operational risk statements (scenario development) o Development and presentation of all CDR results to applicable business unit Vice Presidents o Performed post validation of new uploaded risk and controls into Archer (risk library)

New Initiatives & Fraud Activities

o Developed a governance framework and training for the review, approval and risk assessment of new initiatives:

Identification and interpretation of a new initiative’s risk profile against Basel risk categories

Effective challenge of independent risk assessments performed by business units

Development of risk mitigation & action plan metrics

Developed new risk statements and new control activities for applicable business units PROJECT MANAGER, INTERNAL AUDIT (PROMOTED FROM SR. ASSOCIATE) 2013 – 2016

Managed financial, operational, and compliance Audits over activities within Finance, Treasury, Card and Banking Operations.

Led 1-4 person integrated, teams through all phases of a risk based audit approach o Develop an inherent risk assessment of by understanding audit entity’s processes o Scope the audit based on risk assessment results, regulatory compliance, and prior internal/external audit findings

o Identify and evaluate the design of the audit entity’s control environment o Create benchmark control environments based on best practices, regulatory guidance and internal policies/procedures

Design and execute tests evaluating the effectiveness of an audit entity’s control environment

Identify, report and communicate audit findings to client executive management through formal audit reporting

Conduct timely verification of audit finding and related mitigation plans

Coordination and execution of company-wide SOX compliance testing o Developed Information Provided by Entity (IPE) Testing in accordance with Deloitte & Touche standards o Train a team of external consultants on IPE testing fundamentals

Audits led include: Stress Testing, Market & Liquidity Risk, Financial Planning & Analysis, Resolution Planning, Insurance & Risk Management, New Initiatives and Allowance for Loan Loss

Managed and supported department initiatives including the revamping of the audit planning phase, campus recruiting and new employee orientation

PARKER & LYNCH (EXECUTIVE RECRUITER) 2012 - 2013

THE NORTHERN TRUST: 2008 - 2012

AUDIT SERVICES – (OFFICER / AUDIT LEAD)

Planned, scoped, and executed audit work and effectively communicated results to Business Unit management

Major Contributor to Basel Audit Programs

o Developed a sound understanding of internal Credit Policy guidelines o Identified and confirmed high risk credit areas

o Built process flow charts and created new audit programs for the following areas:

Problem Loan Management; Allowance for Loan & Lease Losses; Loan Facility Re-rating; Troubled Debt Restructuring; Loan Review; and Other Real Estate Owned Assets processes

Developed specialized testing surrounding the conversion of loan facility data into probability of default, loss given default and exposure at default metrics

Performed specialized substantive testing of Allowance for Loan & Lease Losses and correlated relevant components back to the internal Credit Policy

Led the following audits: Northern Trust Investment Financial Management; Corporate Controller’s Group; Northern Trust, National Association Legal Entity; Operations & Technology Financial Management; and Distribution Services

Produced audit reports for distribution to the audit entity management and to the Audit Committee

Coordination and execution of company-wide SOX compliance testing o Information Provided by Entity (IPE)

o Control Effectiveness

MERRILL LYNCH CAPITAL 2007-2008

(FIXED INCOME ANALYST)

Enhanced the departments approach to assess loan portfolio quality

Calculated bad debt reserve amounts

Performed balance sheet reconciliation

Coordination and execution of company-wide SOX compliance testing DELOITTE & TOUCHE, ATTESTATION/ENTERPRISE RISK 2003-2007 SENIOR CONSULTANT

Planned and performed financial statement audits for public companies in representing financial services and manufacturing industries

Performed analytical procedures, process walkthroughs, transactional testing, corroborative inquiry and reconciliations

Ensured the professional development of staff by providing field work training, conducting open forums on accounting related topics and principles, and providing guidance on the application of audit standards

Monitored, documented and communicated with managers, partners, and client management on project status, identified observations, budget, and other business-specific topics

Coordination and execution of company-wide SOX compliance testing

Applied risk based approach, defined risked profiles and developed internal audit programs

Provided training to client management teams regarding the application of management’s Control Self-Assessment (CSA) activities

Client Base: Aon, CDW, Chubb Corporation CNA Leo Burnett/Saatchi & Saatchi, Mittal Steel, Pepsi Americas, True Value & Zimmer Healthcare

Education & Certifications

Bachelor of Science, Accounting, University of Illinois Certified Public Accountant, IL Board of Examineers



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