With all the attention placed on CECL, it is important that organizations utilize all resources available to them. Also, Internal Audit is in a unique position to help the organization develop and implement CECL processes. This webinar provides both parties with real time ideas on how the Internal Audit department can provide consultative expertise during development and then independent testing during implementation, thereby assuring management that CECL controls are sustainable and effective.
The best way to become ready for full CECL automation is to fully understand the requirements of CECL and to leverage an internal audit department. Participants will learn what IA can or cannot do and how the internal auditors can assist in ensuring that CECL processes are robust and complaint with regulator expectations assuring easy automation.
To better understand CECL requirements and how the internal audit department can support management’s efforts in complying with those requirements. IA should not come in after the fact and state that the process implemented was wrong, rather IA should be part of the process to counsel with management on what controls should be implemented, provide independent assessment of control design and effectiveness and once implemented, test controls to ensure sustainability. This webinar will help participants excel in those areas.
Dan has over 30 years in financial service industry. Beginning his career in 1982 and spending over 25 years within Citibank, he was exposed to national and international banking, primarily focusing in consumer, small business and retirement services. During his last 12 years at Citibank, he was an active leader in the Audit and Risk Review department. His audit and risk career at Citibank culminated when he resided in Miami and Mexico City and was responsible for auditing all $400B consumer banking activities located in Latin America, including the largest bank in Mexico, Banamex.
After leaving Citibank, Dan has held senior audit positions in First Union (Director of Consumer Bank Auditing), USAA, (Chief Auditor), Sterling Financial Services (Chief Auditor) and GE Capital (Director of Professional Practices, Director of Americas Audit and Interim Chief Auditor). For the past three years he has been the Director of Internal Audit at Washington Trust Bank
Dan is active in the IIA and the RMA and is a published contributor to industry practice. Presently Dan holds three certifications and is a strong advocate of progressive risk based audit processes. He is the owner of THECRABBYAUDITOR.com, a site dedicated to auditor personal development and recently published “Dare to be Different: An Auditor’s Personal Guide to Excellence” to wide acceptance throughout the audit community.View all trainings by this speaker