John Loock Email & Phone Number

New York, United States

Manage Internal Audit and Advisory engagements for a client base of primarily small to mid size banks in the Metropolitan Area. Utilize risk based audit techniques to evaluate the Internal Controls for effectiveness and efficiency. Perform reviews for compliance with regulations and technical standards.

Delivered Internal Audit services to a diverse set of client banks. The banks audited included both Community Banks and branches of Overseas Banks. Conducted a broad range of audits including branch audits, loans, treasury, asset liability management, mortgages, mortgage operations, letters of credit, and trade finance.

Prepared Financial statements, internal management reports, and the Bank’s Call and Holding Company’s regulatory reports (including the FRY-9 Reports). Prepared reports to monitor Risk Based Capital. Prepared monthly reports to the Board of Directors with regards, loan activity, and performance ratios. Supervised the reconciliation of accounts including Official Checks, Clearing Banks, the Federal Reserve and EFT. Performed daily accounting activities as necessary.

Performed audits of Mortgage, Bank Operations, Consumer Loans, and Real Estate Loans. Audited the post-implementation operations and procedures relating to the upgraded computer systems in use for the Student Loan department and Accounts Payable function to ensure data integrity and adequate internal controls. Presented findings to management.

Directed the accounting and financial reporting functions, internal and regulatory. Supervised a staff of accounting and support personnel in the posting of checking, savings, and mortgage transactions to the general ledger. Prepared the Thrift Financial Report, Liability Growth, GAP and Cost of Funds reports. Reviewed and authorized accounts payable invoices for payment. Reconciled bank statements from clearing banks, the Federal Home Loan Bank and EFT.

Managed auditors in conducting operational and financial audits at the corporate headquarters. Interviewed department managers. Designed audit programs. Delegated audit assignments and ensured the quality of auditors’ work. Prepared and presented audit reports including recommendations for improved controls and procedures to increase operational efficiency. Conducted audits of Mortgage, Mortgage Operations, Bankcard, Bank Operations, Consumer Loans, Consumer Loan Operations, Real Estate Loans, and Capital Markets Departments.

-Contributed to a project that monitored branches that were closed or in the process of being closed. Team members analyzed accounts to determine loss of business. Compared actual loss of business calculations to projected pre-closing estimates to evaluate effectiveness of strategy.-Managed the centralized processing of bond sales/redemptions and the clearing of foreign drafts.-Supervised a staff in the documentation and collateral area. Established department policies and procedures for this start-up area. Selected to serve as system security administrator for the commercial loan computer system.-Conducted branch and corporate audits. Initially hired by Lincoln First Bank, which was acquired by Chase in 1984.

Mba, Accounting

Ba, Mathematics