Clara H. Barnes Internal Audit position

Clara H. Barnes

SUMMARY

Business executive with extensive expertise in areas of trust, compliance, operations, accounting, funds transfer, lending, and deposits. Diverse background includes working at large and small firms during the past 27 years. Known for skills in managing staff and expertise in working on complex projects on an individual basis. Strengths include strategic planning, data analysis, staff development, and management reporting.

PROFESSIONAL EXPERIENCE

ABN AMRO North America, Inc. /LaSalle Bank N.A., Chicago, IL 1999 - 2007

Vice President-Corporate Trust Administrator 2005-2007

Responsibilities include administering service to municipal debt issue clients, including review of trust documents, set up of new accounts monthly debt service payments, wire transfer and bond call payments. Also responsible for daily interaction with underwriters, attorneys and CFOs as part of the on-going monitoring of each account.

? Successfully processed month end payments, resulting in improved accuracy and timeliness, as well as dramatically reducing claims processing errors.

? Recommended implementation of documentation and follow up tracking system which improved efficiency.

Vice President-Audit Manager 1999-2005

Responsible for directing financial, operational and compliance audits for various areas including trust, operations, accounting, funds transfer, lending, deposits, mortgage, suspicious activity reporting, and other audits. Managed 4 staff employees.

? Audit advisor for Wire Transfer, OFAC, and AML system conversions which resulted in

streamlining workflow, increased internal controls and reduced bank losses.

? Performed due diligence audits and prepared management reports which resulted in acquisition of additional locations.

? Prepared training for team members to successfully participate on system conversions facilitating smooth transition.

? Assisted in the preparation of annual business plans for various departments; updated risk rating evaluations which became a model for each departments risk assessment and internal control requirements.

? Developed the first centralized wire transfer policy for LaSalle Bank N.A to ensure compliance with governmental regulations and bank internal controls.

? Trained and supervised summer interns and new hires. Many summer interns hired as a compliment to the success of a clearly defined and structured training program.

Suburban Bank & Trust Company, Elmhurst, IL 1997 - 1999

Vice President-Audit Manager

Scheduled and directed financial and operational audits for multi-location holding company.

? Coordinated the due diligence, merger acquisition review and physical audits of five locations successfully.

? Prepared and presented monthly reports to the Audit Committee reflecting the status of audits which revealed many improvements due to prior audit suggestions.

? Developed successful programs for finance, loans, payroll, and retail areas.

CLARA H. BARNES 224-***-**** Page two

Harris Trust & Savings Bank, Chicago, IL 1995 - 1997

Loan Officer 1996-1997

Performed financial analysis of potential clients. Approved loan requests and offered many other financial products.

? Successfully maintained delinquency below 1.5% of the banks loan portfolio.

? Managed and trained individuals on the loan documentation tracking system improving productivity.

? As the Second Review Committee Leader, identified products that were available for higher risk candidates minimizing exposure.

Audit Officer 1995-1996

Responsible for performing community bank audits for consumer, commercial loans, and deposit operations.

? Managed two or more professional staff members as the Auditor in Charge on various assignments completing all on time within guidelines.

? Developed programs for the credit operations audit function which minimized risk.

US Bank FKA First Colonial Bankshares Corporation, Chicago, IL 1988- 1995

Assistant Vice President

Responsible for planning, organizing and performing audits of various bank areas including trust, investment and mortgage companies.

? Innovated the decision to assess audit risks at each of the 17 banks identifying problems.

? Performed detailed analysis revealing liabilities overstated by $1M.

? Identified cost savings up to $25K for savings accounts.

? Trained new audit team members improving performance.

Chemical Bank, New York, Chicago, IL 1984- 1988

Compliance Analyst 1986-1988

Accepted the challenge to start up and manage the Chicago Based Audit Department. Responsible for preparing the annual audit plan and department budget.

? Hired and supervised 4 auditors and 1 administrator.

? Developed all written programs for testing various credit card areas improving profitability.

? Planned and coordinated compliance seminar for 100+ employees improving awareness.

Chase Bank FKA First National Bank of Chicago, Chicago, IL 1980- 1984

Internal Auditor

Responsible for performing financial and operational audits.

? Analyzed transaction flow problems resulting in an annual profitability in Remittance Banking of $100K and Information Products of $120K.

? Promoted to second level auditor.

EDUCATION

BSBA, Accounting, Roosevelt University, Chicago, IL 1980

PROFESSIONAL DEVELOPMENT AND TRAINING

Association of Certified Anti-Money Laundering Specialists (ACAMS)

ABA Compliance School

Certified Risk Management Certification

Harris Bank Credit Training-Financial Analysis, Credit Decision Formulation

TECHNICAL SKILLS

MS Word, Excel, PowerPoint Mantas AML Auditor's Assistant Laser Pro TransUnion FAMAS

Contact this candidate