Risk Management Internal Audit

James F. Murphy

Bellingham, MA

************@*******.*** 508-***-**** www.linkedin.com/in/jamesmurphy1

Strategic Audit Director & Consultant

Driving Operational Excellence and Risk Mitigation for Over 30 Years

A meticulous visionary and analytical leader with a strong record in managing risk-based audits and over three decades of experience in internal auditing. As Audit Director and Consultant, consistently delivered results by identifying substantial cost savings exceeding $11M across various operational areas. My expertise encompasses lowering risks for management and audit committees by strengthening internal controls and regulatory compliance programs such as SOX and the FCPA. This also includes improving, rebuilding and enhancing audit functions, developing comprehensive audit procedures, and crafting strategic audit plans aligned with organizational objectives. My major experience includes operational audits, Sarbanes-Oxley compliance, fraud investigations, anti-corruption initiatives, and enterprise risk management. Strong interpersonal, communication, and leadership skills enable me to collaborate effectively with stakeholders at all levels, ensuring optimal performance while driving process and control improvements. Industries served include Global Manufacturing, Aerospace & Defense, Medical Devices, Pharmaceutical & Biotechnology, High Technology, Financial Services and Consulting.

Expertise: Internal Auditing IT Security Risk Management Cost Savings Audit Strategy & Procedures

Financial Controls Sarbanes-Oxley Compliance Fraud Investigations Anti-Corruption Initiatives Enterprise Risk Management Pre-Acquisition/Due Diligence COSO, COBIT, IFRS, GAAP Continuous Improvement Regulatory Compliance Communication Collaboration Change Management

RECENT EXPERIENCE

JF Murphy & Associates

Owner, Principal 2022 - Present

Providing global consulting services to clients including internal auditing, Sarbanes-Oxley compliance, IT Security controls, audit and enterprise risk assessment, fraud investigations, FCPA/Anti-Corruption compliance, construction audits and process improvement.

•Completed an operational audit of inventory control for a $600M manufacturing client and identified root causes for a $400K inventory shortage including internal control and process weaknesses and accounting fraud.

•Provided key recommendations to a client who was a victim of a major fraud scheme and facilitated a key meeting with the FBI.

Ensign-Bickford Industries, Inc.

Senior Manager of Internal Audit 2014 - 2022

As Head of the Internal Audit function at the $600M privately held Ensign-Bickford Industries (EBI) and its subsidiaries, led the planning, execution, and reporting of operational, financial, IT security, and compliance audits across domestic and international locations. Reporting to the Audit Committee Chair and CFO, developed audit plans based on comprehensive risk assessments, covering diverse business units including Aerospace & Defense and biotechnology firms serving the pet food and agricultural industries. Additionally, oversaw investigations, system implementation reviews, and special projects, contributing to anti-corruption policy consulting and supporting Enterprise Risk Management within the Finance Leadership Team.

•Redeveloped the Internal Audit function, implementing a new Charter, policies & procedures, comprehensive audit and enterprise risk management strategies, an IA internal website, and key audits.

•Conducted operational audits in South America and Europe, enhancing internal controls, ensuring regulatory compliance (FCPA), and reducing enterprise risks.

•Collaborated with corporate legal to elevate the global anti-corruption program's maturity level, conducting periodic audits and investigations, implementing training programs, refining third-party agreements, vetting processes, and updating policies.

•Improved processes and the overall internal control environment, with a focus on enhancing IT general controls and cybersecurity measures.

•Contributed to annual Enterprise Risk Assessment and Management programs and completed pre-implementation audits of major enterprise systems such as IFS across the organization.

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ADDITIONAL EXPERIENCE

Protiviti, Associate Director 2011 - 2013

Managed and executed engagements for global, renowned consulting firm, contributed to business development, and provided consulting advisory services to clients. Areas of focus encompassed operational audits, risk assessments, SOX 404 compliance testing, FCPA/Anti-Bribery compliance reviews, construction audits, contract compliance reviews, and fraud investigations.

•Secured three new clients and successfully managed multiple strategic consulting engagements, including SOX compliance and operational audits, for organizations such as Colt Defense, TD Bank, and Kadant Corporation.

•Played an instrumental role in driving business growth and delivering high-quality services to clients, contributing to the expansion of the firm's portfolio, and enhancing its reputation in the industry.

Hologic Corporation, Senior Manager, Internal Audit 2007 - 2011

Oversaw the completion of domestic and international operational audits and annual Sarbanes-Oxley (SOX) compliance testing for this $1.6B medical device manufacturer. I supervised staff, developed audit programs, issued audit reports, engaged with the audit committee, and collaborated with management and external auditors. Played a pivotal role in developing the company's inaugural enterprise risk management process and contributed significantly to managing the Audit Department alongside the Vice President.

•Spearheaded the development of the company's first enterprise risk management program, which involved assessing over 30 key risks using online surveys, numerical ratings, and graphical representations. Presented results to management and the audit committee, facilitating remedial actions and follow-up in identified high-risk areas.

•Successfully completed inaugural audits, including global field service operations, FCPA Compliance Process Reviews, European sales/distribution subsidiaries and SOX compliance reviews across global locations.

Jefferson Wells International, Engagement Manager, Internal Audit and Controls 2004 – 2007 Served as a key member of the original management team tasked with establishing the Boston office for this premier internal audit consulting firm. Responsibilities encompassed growing annual revenue, strategic planning, business development, and overseeing the recruitment and training of staff. Conducted SOX engagements across various industries, including financial services and utilities.

Akamai Technologies, Director of Operational Audit and Analysis 2003 – 2004

Oversaw the annual SOX 404 compliance project and various special projects for this $1.5B internet services company. Recruited and trained audit staff and reported directly to the VP Finance. Developed a new SOX control testing model, resulting in a 50% reduction in the number of cycles and controls. Implemented the company's inaugural comprehensive business resumption plan.

Sappi Fine Paper North America, Director of Internal Audit 2001 – 2003

In charge of Internal Audit for North American region of this $1.4B global paper manufacturer, reporting to the Corporate CAE, division CFO, CEO, and Audit Committee. Oversaw audit planning, operational audits, special projects, and fraud investigations. Additionally, led a significant fraud investigation and audit of a $10 million cost overrun in a $90 million construction project at a major paper mill, led an internal and external audit/consulting team, resulting in substantial operational and control improvements.

TASC, Inc., Manager, Internal Auditing Services 1998 - 2001

Developed and implemented annual audit plans grounded in risk assessments, supervised internal audits, special projects, and conducted fraud investigations for this high technology defense firm. Additionally, completed IT audits, served as a member of the PeopleSoft implementation committee, conducted Y2K readiness reviews, and performed system vulnerability assessments.

EDUCATION AND CERTIFICATIONS

Master of Business Administration (MBA), F.W. Olin Graduate School of Business, Babson College, Wellesley, Massachusetts Bachelor of Science (BSBA), Accounting, Northeastern University, Boston, Massachusetts

Certified Internal Auditor (CIA)

Certified Fraud Examiner (CFE)

Certification in Risk Management Assurance (CRMA)

Certified Construction Auditor (CCA)

MEMBERSHIPS

Institute of Internal Auditors

Association of Certified Fraud Examiners (Boston Chapter Board Member)

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