Clara Barnes Email and Phone Number

Managed the Corporate Risk Compliance Risk Assessment and completed action plans for each of the six regions in North America.Perform extensive review of BSA/AML, OFAC and all other federal regulations and state laws to ensure over 200 corporate policies and procedures and over 600 marketing and advertisement materials reflect current requirements. Developed matrix/checklist and Compliance Management Checklist to assist LOB in assessing product disclosures/advertisements and assist in performing quarterly monitoring and analysis to identify control weaknesses. Meet with Business Units weekly to review development of new products, services, and all other concerns to ensure compliance with current regulations.

Regulatory compliance and internal audit professional with 30 years of operational, financial, and compliance experience in the financial services industry. Clients include financial institutions ranging from small community banks to large regional banks.

Responsible for ensuring corporate and multiple post-secondary schools are in compliance with Sarbanes-Oxley, SEC, DOE and corporate policies. Review for Title III Section 302 (corporate responsibility), Title IV (financial disclosures), and Title V (conflict of interest). Prepare narratives, on-line assessment of key controls and test plans which address and identify strength and weaknesses of adherence to SOX.

Responsibiliies 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.

Directed financial, operational and compliance audits for various areas including trust, operations, accounting, funds transfer, corporate and persoanal lening, deposits, mortgage, off shore banking and other areas. Managed senior and staff audit members. Audit programs developed to ensure compliance with Bank Secrecy Act, Fair Credit Reporting Act, KYC and other regulations. Lead audit Advisor and Expert for Wire Transfer, OFAC and AML departmental system conversions, which resulted in streamling workflow, increased internal controls and reduced bank losses.