Data Analytics and Strategies for Continuous Monitoring

Transcription

1 Data Analytics and Strategies for Continuous Monitoring Friday, October 13, 2017 Melville Marriott 8:30 a.m. 5:00 p.m. (with lunch) (8 CPE/CPD Credits) Nearly everyone has already heard that they should be doing some sort of Data Analysis. Many of us wonder what does that mean in our day-to-day professional lives. Today s event will help lead auditors to better understand what their peers are doing with Data Analytics. Our full day event will be focused on best practices and real case studies. 8:30 10 AM Forensic Analytics Case Studies Dimitris Bantileskas previously provided the Long Island Chapter attendees with data analytic techniques using Excel skills and software tools that many internal audit and risk management professionals already have access to so that they can efficiently and effectively analyze and review large volumes of disparate digitalized data. As he continues the journey, Dimitris will walk us through several case studies and deep dives into the benefits of analytics and some time-saving techniques he has learned. Dimitris Bantileskas, Manager of the Forensic Accounting, Consulting, and Internal Audit Groups at Nawrocki Smith LLP, has over ten years of experience managing investigations, forensic audits, and compliance initiatives. He has conducted hundreds of sensitive internal engagements concerning fraud, corruption, contracts, vendors, and employee related issues. Mr. Bantileskas has investigated many fraud cases including embezzlement, theft of cash, theft of time, theft of inventory and other personal property, and kickback schemes :15 AM (Break) 10:15 12 PM Use of Data Visualization for Continuous Monitoring and Audit Planning

2 Senthil Murugan and John Cardona will discuss the use of data visualization for continuous monitoring and audit planning at Synchrony Financial. Some of the topics that will be covered are: Strategy, implementation and rollout Challenges faced Overview of current dashboards and key features Next Steps Senthil Murugan is a Data Analytics professional with more than 11 years of Financial Services industry experience, has experience in functions such as Internal Audit, Regulatory & Compliance, Financial Planning & Analysis, Operations, and Sales. Senthil is a Data Analytics Audit Manager based in Stamford, CT. He partners with Finance, Compliance, IT, Operations and Risk Audit teams to provide analytics and continuous monitoring solutions. John Cardona started his career with GE Capital where he developed the data analytics reporting infrastructure for the Credit Risk Review organization. His expertise in automating processes, credit review analysis, and continuous monitoring has allowed him to excel in his current role in the Internal Audit Data Analytics team within Synchrony Financial PM (Lunch) 1 2:15 PM Analytics Connect IA and the Business Panel Discussion Our panel discussion of leading audit and business leaders will talk about how the relationship between audit and business has changed and improved based on the skills and experiences from Internal Audit. The Panel will discuss lessons learned and how internal audit can use its knowledge and insight to improve its trusted advisor capacity. Lauren A. Nichols, CPA, CFE, MBA is the Director of Internal Audit at Hofstra University. In this capacity she is responsible for directing all internal control reviews and special projects in the financial, compliance, operational and information systems areas of the University. She has over 23 years of experience in the fields of accounting and auditing. Prior to joining Hofstra in 2007, she held various accounting and auditing positions in both the private and public sector including Assistant Vice President of Corporate Accounting for Empire Blue Cross and Blue Shield (NYSE: WC, now an Anthem Company), and Assistant Controller at Group Health, Inc. During her career, she has been involved in many aspects of accounting and financial reporting, responsible for creating and implementing policies and procedures, initiating business process improvements and has been involved in numerous corporate projects.

3 Vincent Colletti, CIA, CFSA, CRMA is currently an Internal Audit Director at American Express with over 22 years of experience in the Internal Audit field. He also held oversight roles in the areas of Sarbanes Oxley, Healthcare and Financial Services compliance. In his current role, Vincent helps to oversee the global Quality Assurance and Improvement Program ( QA ). Prior to his role within Internal Audit, Vincent was the VP of Compliance charged with oversight of the Company-wide Compliance Risk Assessment and Third-Party Compliance Oversight. Prior to American Express, Vincent was the General Auditor, Compliance Officer and Corporate Secretary of Medical Action Industries and First Assistant Vice President and Senior Audit Manager for Astoria Federal Savings. Vincent served as President of the Long Island Chapter of the Institute of Internal Auditors during the Chapter year, and has been serving as a Board of Governor since He is a graduate of Brooklyn College with a Bachelor s degree in Accounting. Edgar Abreu, VP, Data Analytics for Synchrony Financial, is a CPA. Since starting his career with EY, he has been working as an auditor and providing his expertise in financial, operational and compliance audits and data analytics to companies such as Warnaco, Texaco, Pitney Bowes, Anthem Blue Cross Blue Shield and US Tobacco. Most recently, he has developed a data analytics process and methodology for the Credit Review function at GE Capital and is currently developing the data analytics team as VP of Data Analytics for Internal Audit with Synchrony Financial. 2:15 2:30 PM (Break) 2:30 3:45 PM - Analytics Assisting In Your Company s Compliance Initiatives Compliance is getting tougher and even more uncertain. Advanced analytics can help identify, discover and mitigate compliance risks by identifying connections between information silos, using compliance frameworks to organize and transform external regulatory information to organizational language. Using analytics to connect people, process, technology to regulations, controls, policies and procedures. Russell Safirstein CPA has over 25 years experience and has been the Chief Audit Executive for several multibillion dollar diversified organizations. He is a highly regarded and sought after speaker on leading audit and risk practices. Currently, Russ is Managing Partner for Paracon Group, a leading management consulting firm. The firm s Knowledge Engineering Practice, a business transformation and advanced modeling analytics solution, coupled with Russ experience with risk advisory and project management expertise have led to many successful projects for the firm. He is very active in the Institute of Internal Auditors both locally and nationally. 3:45 4 PM Break 4 5 PM - Predictive analytics can discover a data breach before it happens

4 Cybersecurity experts and auditors are constantly trying to keep pace with changes and trends in the volatile and ever-shifting landscape of IT security. What if we could stay ahead of threat actors and predict their next attack before they take their first destructive step? It might sound like a crazy idea out of Spielberg s Minority Report, but thanks to the power of predictive analytics, it might become a reality. Peter Fiorillo has been the Chairman, President & CEO of both public and private companies for the last 30 years. On March 1, 2017, he became the President & CEO of Prager Metis Technology, LLC, a New York based company that specializes in cybersecurity, risk intelligence, and regulatory compliance. Prager Metis is the third fastest growing company in the Accounting Today 2016 Top 100 Firms Databank, with 43% growth over the previous year, and eight offices in New York, California, New Jersey, Connecticut, and London. Prior to Prager Metis, Peter was the President & CEO of MDPS, LLC a company he founded in 2003, that specialized in providing a unique blend of software, technology products, and advisory services in the areas of cybersecurity, risk management, governance, and regulatory compliance. MDPS along with its subsidiary, RiskBusiness Americas, LLC has served over 250 of the world s largest financial services firms as customers operating in 30 countries. Peter started his career with Ernst & Young, LLP and is a certified public accountant in New York State. He is a graduate of Franklin & Marshall College, Lancaster PA.

5 Friday, October 13, 2017 Full-Day Program Check-in and breakfast begin at 8:00 a.m. Program begins at 8:30 a.m. Lunch will be served at approximately 12:00 p.m and the session should end around 5:00 p.m. Participants will earn 8 CPD/CPE Credits. Dress is business casual. How to Register: Please use the following online registration link: If you are having trouble with the link, notify Anthony Cervoni at Anthony.M.Cervoni@aexp.com. Cancellations must be made at least 24 hours prior to the event by contacting Rocky Shankar at rocky.shankar@pseg.com. For Making Payments Offline: You should register online (see above). In the payment section, select check or "other." If not registering online, please contact us at LIIIA@nsllpcpa.com or call Rocky Shankar at at least 24 hours before to reserve your seat. Then complete and enclose this registration form, along with your check made payable to the IIA Long Island Chapter, and mail to: Institute of Internal Auditors LI, P.O. Box 442, Smithtown, New York or bring it the day of the seminar. Name(s) IIA Member $150 Each Non Member $200 Each Student $30 Each No. of Prepaid Subscriptions Applied CPE Y/N CPD Y/N Total $ $ # Company Name: Address: Phone Number: Address: Directions to the Melville Marriott: From New York City: Take the Long Island Expressway (Route 495) to Exit 49 South. Take the ramp (right) onto the South Service Road. Turn left (North) onto Old Walt Whitman Road (Walt Whitman Road). From Eastern L.I.: Take the Long Island Expressway (Route 495) to Exit 49 North. Take the ramp (right) onto the North Service Road. Turn right (North) onto Old Walt Whitman Road (Walt Whitman Road). In case of weather emergency, the Melville Marriott phone number is: (631)