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2017 Financial Services Exchange Recap

2017 Financial Service Exchange Recap

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On Sept. 18–19, Financial Services Audit Center concluded its third successful Financial Services Exchange in Washington D.C. The conference proved to be our biggest, with over 520 attendees including chief audit executives, audit directors and managers, regulators, and other many other internal audit experts. Here is a quick recap on the conference’s general sessions.

Day 1 kicked off with a regulatory panel facilitated by Kevin Ryan, chief auditor at Key Bank. Among the panelists were Lara Lylozian, assistant chief accountant at the Federal Reserve Board; Rae-Ann Miller, associate director of risk management policy at the FDIC; Molly Scherf, deputy comptroller for large banks at the OCC; and Peggy Twohig, assistant director for supervision policy at the CFPB. The panel covered topics such as emerging regulatory focus, leading internal audit practices observed in the field, and risk culture among firms.

A subsequent panel discussion included several senior Citigroup officers including Mark Carawan, chief compliance officer at Citigroup; Barbara Desoer, CEO of Citibank N.A.; Mary McNiff, chief audit executive at Citigroup; and James Turley, a board member of Citigroup. They shared their insights regarding effective communication between internal audit and key stakeholders – many of which were scalable and implementable at organizations of all sizes.

Christopher Allen, partner at Arnold & Porter Kaye Scholer LLP, presented on recent supervisory developments and hot topics in the industry. The session was rich in content, and attendees received information on topics including operational compliance challenges, privacy and data security, BSA/AML, and supervisory expectations.

Day 2 had a lively start with FBI Cyber Division Supervisory Special Agent J. Keith Mularski who delivered an informative and eye-opening discussion on the cyber underground. He was followed by a distinguished panel from the Federal Reserve which covered the lessons learned from the regulator’s recent horizontal exam on internal audit. The conference closed with Diane A. Ross, founder of Elephant Conversations, who worked with attendees on facilitating those difficult conversations all internal auditors must have with their business partners.

FSAC extends much gratitude to our fantastic group of volunteers who helped put together this Exchange’s outstanding program. We thank all of our attendees, speakers, sponsors, and staff for making this Exchange a memorable, valuable experience. Please visit the FSAC website for additional content to augment the conference materials.

Our Financial Services Exchanges continue to improve and provide value to our attendees, in part thanks to the evaluations they complete at the event’s conclusion. It is your input that inspires us to strive to exceed your expectations of our events. FSE 2017 was a success on which we plan to build to bring you another can’t-miss next year. We look forward to seeing you at our next Financial Services Exchange in Washington D.C., Oct. 1–2, 2018.