IIA to Launch Financial Services Audit Center
Former John Hancock compliance director Cassian Jae named new director
LAS VEGAS (March 11, 2015) — The Institute of Internal Auditors (IIA) announced plans to launch the Financial Services Audit Center, expanding its specialty center service concept to embrace one of the largest practitioner groups in the profession.
The announcement was made to more than 1,200 attendees at The IIA’s General Audit Management (GAM) conference, held at the Aria Resort and Casino.
The new center, expected to launch this summer, will be dedicated to advancing the professional practice of internal auditing in the financial services sector through thought leadership, education, professional guidance, and advocacy. It will be modeled after the successful American Center for Government Auditing (ACGA), which The IIA launched in 2014 for public sector internal auditors. ACGA currently serves more than 11,000 members in the United States.
“Our plans to develop specialty centers got off to a great start with the American Center for Government Auditing, and it is only natural that we should have a strong and vibrant center focused on financial services auditors, who represent one of the largest segments of our membership,” said Mike Cowell, CIA, IIA North American Board member and senior managing director and chief auditor for TIAA-CREF. “I’m delighted we are moving forward quickly to provide enhanced services to this important group of practitioners.”
To drive development of the new center, The IIA hired Cassian Jae, a former compliance director for John Hancock Financial Services, as a director.
“With more than 10 years of legal and compliance experience with issues related to financial services regulatory audits, Cass will serve the new center and our financial services members well,” said IIA President and CEO Richard F. Chambers, CIA, QIAL, CGAP, CCSA, CRMA.
The new center will provide affordable, high-quality educational opportunities focused on the financial services sector through online learning, conferences and seminars — many counting toward continuing professional education (CPE) requirements — and networking events.
The Financial Services Audit Center will enhance and expand services currently provided by The IIA’s Financial Services Auditor Group. The center is expected to offer a broader array of premium content that is timely, relevant, and practical.