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Carmel B. Frost, CIA, CPA (PH), MBA

ad1iu9@r.postjobfree.com • linkedin.com/in/carmel-frost-05aa88138• Mobile No. +1-980-***-**** Professional Summary

20+ years of governance, risk and compliance, finance and accounting work within the financial service sector. Works with clients to solve requirements, leads and motivates (cross-cultural) teams.

Proven track record of successfully managing External Audit engagements and Risk Consulting advisory engagements such as Information Risk Management in the external audit, Financial Risk Management, Internal Audit and Forensics.

Solid understanding of and practical approach to financial accounting and internal control issues as External Audit Partner for financial and shared services clients, and as Controller of a Philippine bank.

Visionary leader with solid experience in project management in executing complex projects and managing interdisciplinary and multi-cultural teams. Proficient in the elaboration of presentations with complex data and content.

Representative Clients include a multi-lateral development bank based in the Philippines; Philippine bank branches of Deutsche Bank, HSBC, ANZ Bank, Standard Chartered Bank, MUFG, CTBC; shared services centers of KPMG global clients such as Citigroup Shared Services Center, Deutsche Knowledge Services, Pte. Ltd, ANZ Global Services and Operations (Manila), Genpact and IWG (previously Regus); and other Philippine banks. Areas of Expertise

Risk Management

Internal Audit

Team Leadership & Training

Critical Thinking

Interpersonal and

Communication Skills

Business Process Reviews

Data & Analytics Initiative

Regulatory Compliance

Problem Solving

Time Management

Career Experience

Blue Q Health and Wellness 2022 to Present

Owner

Supervises the day-to-day operations of the clinic. Performs accounting and payroll; manages clinic’s revenue cycle

Leads marketing initiatives, and automation and implementation of a practice management software KPMG in the Philippines (R.G. Manabat & Co.) 2008 – 2021 Risk Consulting Partner, 2016 – 2021

Led, managed and supervised the conduct of engagements and sign reports to clients on behalf of the Firm, in accordance with the Firm’s methodologies and standards, including concurring review and quality control policies.

Performed diagnostic reviews of bank’s Assurance Function; business process reviews; gap assessments including processes, methodology, data governance and data quality in relation to conversion to IFRS 9 Financial Instruments and CECL; credit risk model build engagements and credit and market risk models validation for local banks and a multilateral development bank; internal audit using data and analytics and agile audit; remediation work using automation; SOC1/SOC2 Reporting for BPOs; regulatory compliance work including anti-money laundering and Internal Capital Adequacy Assessment Process (ICAAP) assessment.

Delivered strategic leadership in creating and executing innovative strategies and client service offerings by identifying market and industry requirements.

Established good relations with clients, regulators, industry associations for banks, alliance partners by organizing various webinars and roundtable sessions on Regulatory Changes Affecting the Banking Industry for C-level clients.

Adhered strictly to the risk management policies of the Firm; the code of professional ethics and rules on independence of the accountancy profession, as well as the code of conduct required of all personnel of the Firm.

Developed team members and prepared them to take on higher responsibilities through active coaching and mentoring, delegating appropriate tasks and responsibilities based on their skillsets. Financial Services Audit Partner, 2010 – 2016

Led, managed and supervised the conduct of high-quality external audits. Signed reports to clients on behalf of the Firm, in accordance with applicable auditing standards, regulations, and KPMG firm methodologies and policies, including concurring review and quality control, in a timely manner. 2

Exhibited an appropriate level of professional skepticism, professional judgment and critical thinking in considering complex audit issues. Determined required KPMG specialists’ involvement in the audit.

Supervised, mentored and provided on the job coaching to team members and provided appropriate feedback through proper review of audit documentation and client management.

Collaborated with various KPMG Offices for Group Audit reporting requirements, including performance of SOX 404 and key controls testing over financial reporting.

Built positive and constructive engagement team environment within the audit team, promoted collaboration and sharing of ideas.

Developed and executed training and standardization program covering audits of banks and shared services centers of global audit clients.

Used eAudit, ALex, MUS IDEA audit tools and successfully implemented the Data and Analytics initiative of KPMG Global Audit towards more effective and efficient audits that significantly improved the audit quality and service delivery leading to strengthened client relationships.

Business and Financial Advisory Services Director, 2008 – 2010

Led and managed the day-to-day conduct of engagements, including defining the scope of work to meet client objectives and ensuring consistent delivery of high-quality services according to KPMG methodologies.

Designed review programs and prepared reports covering financial due diligence, dispute advisory, fraud investigation, and regulatory compliance engagements.

Philippine Savings Bank 2002 – 2008

Financial Accounting Services Division Head, 2006 – 2008

Provided effective financial performance management by designing and implementing strategies, policies and procedures; provided oversight to the day-to-day activities of various departments, and coordinated group reporting to the Parent company.

Ensured accuracy and integrity of the Bank’s books, timely tax and regulatory reporting, and provided Management analyses of results of operations.

Led the first-time availment of tax incentives under a credit guaranty program resulting in more than 50% growth in net income for the Bank.

Internal Audit Group, Special Audit Department Head, 2002 – 2006

Established the Head Office audit function and expanded the scope to include fraud audits and other ad hoc projects;

Streamlined credit and physical controls by providing audit recommendations resulting to a significant reduction in operational losses;

Used computer-aided audit techniques to improve turn-around time and expand audit scope;

Developed audit programs for implementation by team members. Planned and allocated resources;

Prepared and reviewed work of other audit team members, including working papers and draft reports, to ascertain that audit objectives have been met;

Identified other risk areas, significant issues and business improvement opportunities in the bank’s operations. Education

KPMG-INSEAD International Banking School Programme INSEAD Singapore

Master in Business Administration, Silver Medal Award BS Business Administration and Accountancy, Cum Laude De La Salle University, Graduate School of Business University of the Philippines, Diliman Certifications

Certified Internal Auditor, Certificate No. CIA-193986-VKSQM

Certified Public Accountant, Philippine Regulation Commission No. 0099677

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