Vice President Internal Audit

Professional Overview:

A results-driven executive experienced in Risk-Based Controls, seeks a position in Audit Management. Experienced in risk-based audits including Credit Review, Enterprise Vendor Management Office (EVMO), Sarbanes Oxley (SOX) and BSA/AML. Advocate of COSO 2017 ERM including audit cycle (e.g., Governance, Performance, Reporting) and control line-of-defense (LOD) responsibilities (e.g., 1st LOD (BU), 2nd LOD (Compliance)). Has also performed IT general & applications controls testing. Has performed regulatory audits (e.g., DFAST, CECL). Prefers automated, preventative controls over manual, detective controls.

FORVIS/Mazars September 2024 to Present

Management Consultant – Audit – Contract Position

MRA assistance – closure verification.

Provided valued audit assistance with EVMO and TBSM audit programs, testing and documentation of results.

EVMO and TBSM (Treasury Balance Sheet Mgmt.) Recommendations/Observations:

oFor exit strategy, requiring a formal escalation policy for third-party approvals,

oFor scorecards/SLAs, requiring formal credit approvals, that are using official BRR (i.e., Borrower’s Risk Ratings),

oRequiring different remediation policies/procedures between internal issues vs. those issues involving the 3rd party vendor,

oFor DR and BCM, determine adequacy of both internal and 3rd party mirroring,

oRequiring exit strategies which are approved annually, also reflect all annual changes required by policy,

oDaily Liquidity Forecast - Need defined timelines for preparation and approval and need e-mail from approver for SOD,

oWeekly Liquidity Forecast -Need procedures on how to interpret breaches and need timeline for approval of the presentation.

Asset Staffing (serving NYC financial services clientele) May 2022 to September 2024

Management Consultant –Audit Quality Assurance & Improvement Program (QAIP) – Contract Position

Provided QAIP recommendations to Audit involving risk rating, scoping, test programs, test results, issue identification/rating/action plans and closure verification. Made sure all audits contained ERM responsibilities (e.g., 1st LOD).

Recommendations/Observations to Internal Audit included:

oFor disruption of 3rd party mortgage-related services, non-viable plans were risk-accepted by mgmt., without ultimate resolution,

oEmployee trading designated manager/reviewer not confirmed/tested for impartiality, with possible fraud ramifications,

oIdentified case of floating rate loan residual risk dropping two levels without a required override and adequate justification,

oIdentified fraud-related, floating rate loan controls not adequately tested for unauthorized activity and credit-rating kickbacks,

oEnhanced monitoring to avoid trade access violations,

oIdentified unauthorized alterations to a loan’s risk level, and recommended system controls to prevent future occurrences,

oConfirmed instances where residual risk was reduced with less than full operational assessment or mitigating circumstances,

oIdentified instances where remediation efforts do not address root cause or are not sustainable.

oIdentified instances where tagging of entities, was not properly performed for both the audit and the issues uncovered.

Webster Bank (Acquired Sterling National Bank) February 2022 to April 2022

Audit Manager II

Assisted 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,

Indicated loan system limitations (e.g., NOVA - simple receivable, not loan balance; Info Lease – no historical balance).

Provided loan system instructions to assist other auditors on systems query and analysis for account confirmation.

Sterling National Bank April 2017 to February 2022

Vice President – Audit

Managed audits including SOX testing involving Credit Review, Treasury, Vendor Mgmt., Business Continuity (BCP), Asset and Liability (ALCO, included capital adequacy), Regulatory Reporting (incl. Call Report, FR2900, FR Y-9C), 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.

Performed the following procedures while identifying controls (per ERM) for both 1st and 2nd LOD:

oCredit Review: contract conditions, credit history, collateral, capital and payment capacity (i.e., cash flows),

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.

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

Quality Control using Fiserv Signature and Nautilus: recalculating and proving interest rate adjustments (ASC 835).

Produced risk assessments; using both qualitative and quantitative components integrating risk level with audit frequency.

Sterling National Bank April 2017 to February 2022

Vice President – Audit

Recommendations/Observations included:

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

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

oFor ALCO, found miscalculation of liquidity surplus calculation, with significant impact to financial statement ratios,

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

oVendor/AP Management:

Establish procurement function, to adequately assess potential bids and assess potential long-term vendor relationships,

Use purchase orders (POs) to improve budgeting and avoid unbudgeted expenditures (linking POs to invoices),

Extensive use of AP workflow to automate approvals and prevent unauthorized purchases,

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

oCall Report: 1) Mapping reserve allocation deposits - $255M; 2) Pivot table for mortgage loans - $46 M; 3) Report comparisons (e.g., Call Report to FR Y-9C) to avoid re-filings,

oFollowing up with loan officers on loans over 60 days delinquent,

o For regulatory reporting: researching negative deposit balances to confirm overdraft positions, versus accounting issues, procedural problems, etc.

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).

oConfirmed data booked correctly to proper line items on regulatory reports based on government agency regulatory reporting instructions

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.

oPerformed data monitoring and confirmed data transferred correctly, reconciling data by type, and other characteristics back to data sent

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

Recommendations included:

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

oConfirm accuracy of data loads regarding quantities and account posting;

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

oA system or process for tracking revisions to intercompany loans;

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

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

oA tracking spreadsheet to identify and communicate open commitments;

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

oFor regulatory reporting, reconciled 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,

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

oManaged and performed end-to-end testing techniques, which included reconciliation of system results back to source documentation (using Axiom).

Recommendations included:

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

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

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

oArticulating design versus operating deficiencies in existing controls,

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

oAdditional controls concerning authorizations, with larger transactions requiring higher levels of seniority.

Experience prior to October 2014 (details provided upon request)

DGT Consulting, LLC 2003 to October, 2014

Management Advisor

Bearing Point 1998 to 2003

Senior Consultant

Barnett Bank 1993 to 1998

Last Position Held: Technology Controller

Bank One 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

Knowledge of Regulations (Partial Listing)

Reg. Z - Truth in Lending (TIL)

Reg. B - Equal Credit Opportunity Act (ECOA)

ASC 310-10-35 (FAS 114) – Impairment Analysis – ALLL Calculation,

ASC 815 (FAS 133) - Accounting for Derivative Instruments and Hedging Activities

ASC 320 (FAS 115 – Accounting for Debt Securities

ASC 310-20 (FAS 91) - Loan origination fees

ASC 835 – Capitalized Interest

FAS 140 - Transfers and Servicing of Financial Assets and Extinguishments of Liabilities

FIN 46 - Consolidation of Variable Interest Entities

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