Professional Overview

A results-driven executive experienced in Risk-Based Internal Controls, seeks a position in Audit Management. Dennis has experience both managing and performing risk-based audits including Regulatory Compliance, Sarbanes Oxley (SOX) and BSA/AML. Also knowledgeable in various regulations (incl. Reg. Z, Reg. B, Reg. D, ASC 310-10-35 (FAS 114), ASC 815 (FAS 133), ASC 320 (FAS 115). Product experience includes commercial loans, mortgage loans, consumer loans, securities (e.g., treasuries, CMO), borrowings, derivatives. When analyzing controls, Dennis recommends automated, preventative controls versus manual, detective controls. Also assisted external auditors with needed documentation (GAAS & PCAOB regulations).

Asset Staffing May 2022 –

Client – Morgan Stanley

Management Consultant – Quality Assurance (QA) of Internal Audits

Provided challenge questions regarding risk rating, test programs, test results, scoping, issues identification, and issues rank:

Confirmed that residual risk was only reduced in the case of full testing, or effective mitigating/compensating controls,

Found the assignment of the employee trading, designated manager not being tested, with possible fraud ramifications,

Identified inadequate authorization for alterations to a loan’s risk level,

For issues, evaluated root causes and effectively tied root cause to recommendations and action plans,

Identified action plans which did not provide a long-term solution to the issue,

Found documents which did not identify performers and approvers, thus did not allow for review and reperformance,

Recommended judgmental sampling to identify representative transactions for effective testing (e.g., manual vs. sweep).

Webster Bank February 2022 to April 2022

Audit Manager II

Assisted the external auditors (KPMG) with the Webster/Sterling merger per PCAOB regulation AS 2310:

Reconciled loan and deposit systems to the general ledger,

Provided walk-throughs for alternative (confirmation) procedures,

Alerted management for loan system limitations involving alternative procedures (e.g., NOVA- not loan balance, only simple receivable balance; and Info Lease – not showing historical balance).

Sterling National Bank April 2017 to February 2022

Vice President –Audit

Managed internal audits involving Treasury (including securities purchases & sales), Vendor Management, Business Continuity Planning (BCP), Asset and Liability Committee (ALCO), Regulatory Reporting (incl. Call Report, FR2900, FR Y-9C, FR Y-6, FR Y-8, FR Y-10), and Procurement.

As part of OCC MRA BSA/AML project confirmed sufficiency for ATM-related cash alerts, cash-related CTR alerts, multi-layered alerts dealing with wire transfers as well as confirmation of various programming issues assigned to Fiserv FCRM.

While on audits, performed the following procedures (examples):

oAPR testing regarding Truth in Lending (TIL) including re-calculations and model components (Reg. Z),

oConfirmed accuracy of loan origination fees (ASC 310-20 (FAS 91)),

oConfirmed ASC 310-10-35 (FAS 114) compliance during Allowance for Loan and Lease Losses (ALLL) audit,

oConfirmation of completeness and accuracy of loan origination and declination documents,

oTested accuracy and data integrity of key ALCO calculations (e.g., Liquidity Surplus),

oUsed data principles with regards to both sample selection and testing techniques.

Performed Data Review (during COVID), analyzing non-interest income and expense for fluctuations (using Fiserv Prologue).

Performed Quality Control work using systems including Fiserv Signature and Nautilus: recalculating and proving interest rate adjustments to demand and savings accounts, and confirming interest rates compared to contract (ASC 835).

Produced risk assessments; which includes a combination of both qualitative and quantitative components while working with Chief Audit Executive (CAE) to integrate risk assessment into the annual audit plan associating risk level with audit frequency.

Trained other auditors on topics such as: selecting samples, cross-referencing, performing test work, writing audit reports and following up on audit observations and SOX remediation.

Recommendations included:

Reclassified $20M of securities incorrectly reported as AFS instead of HTM impacting balance sheet (ASC 320 (FAS 115)),

During client on-boarding, using NAICS codes to identify high risk clients (for BSA/AML purposes),

For Stress Testing (DFAST), provide a remediation aging of reconciling items of loan system(s) to models,

Vendor Mgmt. - establish a procurement function requiring a formal vendor approval prior to establishing vendor contracts,

For BCP: 1) perform remote system access testing; 2) follow-up with 3rd party vendors for testing exceptions,

Link purchase orders to invoices to avoid unbudgeted expenditures,

Call Report: 1) Mapping for reserve allocation deposits - $255M impact; 2) Improved pivot table for mortgage loans - $46 M impact; 3) Report comparisons (i.e., FR2900, Call Report, FR Y-9C) and mapping revisions (to avoid re-filings),

Research negative deposit balances to confirm overdraft positions,

More extensive use of AP Workflow to automate approvals and prevent unauthorized purchases,

Following up with loan officers on loans over 60 days delinquent.

AIG March 2015 to March 2017

Senior Audit Manager

As part of team assigned to Systematically Important Financial Institution (SIFI) reg. reporting:

oPerformed Quality Assurance (QA) confirming amounts distributed to preparation business units (from ledger and source systems) to the amounts reported on various line items for regulatory schedules (FR Y-9C, FR Y-11, FR2314).

oSuccessfully identified Key Controls, completed narratives and Visio process flow documents, wrote test scripts and performed test work for Federal Reserve Reporting (FR Y-9C) and Legal Entities (i.e., FR Y-11, FR2314).

Sarbanes-Oxley (SOX):

oManaged and performed SOX audits involving Investments and Treasury, including: waterfall debt transactions, confirming the prioritization of principal and interest payments; cash settlement activities (daily inflows and outflows) with daily short-term debt; confirming rate resets (ASC 835), segregation of duties for transactions and balance confirmation/reconcilement.

oProvided review comments and coaching to off-shore team performing Investments and Treasury audit procedures.

Recommendations included:

For Accounts Payable, via system screenshots confirm no duplicate invoices and proper system approvals,

Confirm accuracy of data loads regarding quantities and account posting;

Segregation of duties for intercompany loan term changes (entry vs. approval);

A system or process for tracking revisions to intercompany loans;

Tracking data dispersed for regulatory reporting (to avoid double counting of data from source systems);

Reconciling the hierarchical system to the legal entity reporting system for improved reporting;

A tracking spreadsheet to identify and communicate open commitments;

Testing of system scripts used to generate reconciliation e-mails;

For regulation reporting, reconcile general ledger back to source systems.

UBS October 2014 to March 2015

Director, Quality Assurance (QA)

Researched critical Financial Reporting metrics and developed control assessments to identify areas requiring detailed testing,

Reviewed manual adjustments and the impact on issues involving regulatory reporting,

Planned and managed specific testing strategy for high-risk areas involving FRB reports (including FFIEC-002),

Managed and performed end-to-end testing techniques, of system results back to source documentation (using Axiom).

Recommendations included:

More detailed audit planning/requests for attribute testing (e.g., system names, required fields),

Documented analytical procedures researching data not correctly mapped to proper line items (using Axiom),

Providing possible alternative systems solutions to existing manual adjustments (e.g., hierarchical changes, expanded client set up menus),

Articulating design versus operating deficiencies in existing controls,

Continual tracking of reporting issues through subsequent reporting periods to confirm resolution.

Experience prior to October 2014 (details provided upon request)

DGT Consulting, LLC 2003 to October, 2014

Management Advisor

KPMG 1998 to 2003

Senior Consultant

Bank of America 1993 to 1998

Last Position Held: Technology Controller

Chase 1981 to 1993

Last Position Held: Bank Officer – Financial Analysis

Certifications & Education

Six Sigma – Green Belt

Certified Internal Auditor (CIA)

Completed 1st Level of CFA (Chartered Financial Analyst)

Certified Public Accountant (CPA)

Certified Anti-Money Laundering Specialist (CAMS)

MBA Capital University, Columbus, Ohio

Certified Information Systems Auditor (CISA)

B.B.A.(Accounting) Ohio State University; Dean’s List, Beta Gamma Sigma

Technical Skills

Spreadsheet – Excel; macros, pivot table reporting,

v-lookups, filters, concatenation, “if statements”

Word Processing -- Microsoft Word

Communication -- Outlook, LOTUS NOTES

Reporting –Axiom, Hyperion, PeopleSoft, Great Plains, MAS 90, COGNOS, Trade Order Management System (FIS).

Expense Mgmt. (T&E) – Concur

Process Flow – VISIO

HR Reporting – PeopleSoft

Quicken

Project Management -- Microsoft Project

Mainframe --CICS, NOMAD, FOCUS

Database --ESSBASE, ACCESS Query, SQL Query

Budgeting /Forecasting -- MSA, EAS/BPS

General Ledger/AP (incl. approval):

SAP, Fiserv (Prologue/Workflow)

Client database reporting – Fiserv Signature, Nautilus, Thought Spot, Data Discovery Zone

Presentation – Microsoft PowerPoint

Loan & Deposits – Fiserv (Signature), McCracken, LoanIQ

Audit – TeamMate, TeamMate+, OpenPages – AWT

Contact this candidate