Summary
Overview
Work History
Education
Skills
Accomplishments
Awards
Timeline
Generic

Joseph C. Iacono CPA, CIA, CFE, CFSA, CCSA

Brooklyn,NY

Summary

Results-driven leader with a strong background in regulatory and internal control. Experienced in developing and implementing effective business strategies, optimizing processes, and driving team performance. Recognized for adaptability, effective collaboration, and delivering measurable outcomes in dynamic environments. Strong communication and problem-solving abilities, coupled with a focus on fostering a productive and positive team culture.

Overview

25
25
years of professional experience

Work History

Director/Head of US Conduct and Compliance Testing

NatWest Markets
08.2023 - Current
  • Director in the Compliance heading the US Conduct and Compliance Testing Department covering US operations
  • Charged with creating and developing the US Testing Department policies, procedures, test procedures, testing templates, and methodology
  • Working closely with various departments to develop process and control write-ups/Design Effective Assessments (DEAs) testing/Operating Effectiveness Testing (OETs) and Report drafting
  • Building out the Work From Home (WFH) Firm policies and development of the annual test programs to be in compliance with FINRA Regulation 3110, as well as associated regulations (FINRA Rules 1210, 1220, 1230,1240, 2210, 3160, 3210, 3220, 3230, 3270, 4370, 4511, SEA Rules 17a-3 and 4)
  • Annual Direct Market Access (15c3-5(a)(1) and associated FINRA Rules and controls (Credit Risk Framework, Limit Changes, Counterparty Exposure, Trade Surveillance, System Access, Trading Desk Supervision) testing and Annual CEO Certification and Sub-Certifications
  • Overseeing and managing the Annual NFA FCM Self-Assessment Review
  • Attending various Risk and Compliance Committees
  • Department and people management

Senior Vice President /Senior Audit Manager

Citigroup
02.2022 - 08.2023
  • Senior Audit Manager in the Compliance Internal Audit Department covering Broker Dealer, Banking and Insurance entities, duties and responsibilities covering:
  • Executing and providing management oversight and guidance across multiple teams and projects
  • Working closely with various departments to develop process and control write-ups/Design Effective Assessments (DEAs) as well as identification of key controls and risk control matrices (RCMs), testing/Operating Effectiveness Testing (OETs) and Report drafting
  • Performing and overseeing continuous Business Monitoring quarterly reviews covering various departments
  • Issue validations, subsequent event monitoring, Quarterly Business Monitoring, Risk Assessments and clearing regulatory enforcement actions
  • Department and people management

Principal/ Vice President

Bank of New York Mellon
08.2014 - 01.2022
  • Principal in Compliance Testing for Bank of New York’s collection of Broker Dealer Firms, conducting Compliance reviews by:
  • Creating and managing the Broker Dealer Branch and based at home review program to be in compliance with FINRA Regulation 3110, as well as associated regulations (FINRA Rules 1210, 1220, 1230,1240, 2210, 3160, 3210, 3220, 3230, 3270, 4370, 4511, SEA Rules 17a-3 and 4)
  • Creating and managing the Based at Home reviews, Business Continuity Plan / Disaster Recovery testing (FINRA Rule 4370), ERISA test Program
  • Executing the annual AML Compliance Review Test plan for the Broker Dealer (Pershing, LLC)
  • Which was inclusive of testing 311, Special Measures, 314(a) (b), Information Sharing Requests, 312, 313, 319, Correspondent Accounts
  • 326, KYC account onboarding and period reviews, CIP, Beneficial Ownership, Sanction Lists, Blocked Assets, 356, SARs, Currency Transactions Reports, Reports of Foreign Bank and Financial Accounts, Reports of Currency or Monetary Instruments, Travel Rule, Transaction monitoring (QSS and Actimize) and FINRA Rule, 2090, 3310
  • Annual Direct Market Access (15c3-5(a)(1) and associated FINRA Rules and controls (Credit Risk Framework, Limit Changes, Counterparty Exposure, Trade Surveillance, System Access, Trading Desk Supervision) testing and Annual CEO Certification and Sub-Certifications
  • Created and executed Trading Desk Reviews (Equities, Fixed Income, and Options)
  • Designing and executing Compliance testing programs and testing spreadsheets based on interviews and with processes owners and identifying relevant regulations affecting their processes/business/products
  • Generating Compliance Issue Reports with Management Action Plans
  • Honored with a leadership award in July 2021

Consultant

PricewaterhouseCoopers
10.2013 - 08.2014
  • On contract to PricewaterhouseCoopers for multiple Financial Services clients for a variety of projects by:
  • Assisting in the designing the AML test programs and testing spreadsheets for the Broker Dealers with a Citigroup PMO
  • Which was inclusive of testing 311, Special Measures, 314(a) (b), Information Sharing Requests, 312, 313, 319, Correspondent Accounts
  • 326, KYC account onboarding and period reviews, CIP, Beneficial Ownership, Sanction Lists, Blocked Assets, 356, SARs, Currency Transactions Reports, Reports of Foreign Bank and Financial Accounts, Reports of Currency or Monetary Instruments, Travel Rule, Transaction monitoring (Actimize) and FINRA Rule, 2090, 3310
  • Leading multiple teams to execute the audit and special project plans (Margin Desk to generate Internal Audit Issue Reports with Management Action Plans

Loan Closer

Self-employed
12.2011 - 10.2013
  • Self-employed loan closer representing Banks (Citibank, Wells Fargo, Bank of New York, Bank of America, Quicken Loans, and Capital One) by:
  • Meeting home buyers, sellers and refinancers to deliver loan documents and funds
  • Reviewing and explaining loan documents to clients during the closing process prior to signing and notarization

Senior Vice President

Citigroup
07.2010 - 12.2011
  • Senior Vice President of Operational Risk for a Financial Services Firm, overseeing global loss reporting by:
  • Working with global loss reporters to document and analysis loss events and their cause and develop risk mitigation processes
  • Developing loss reports and presentations for senior management

Vice President Manager

Legg Mason
09.2006 - 07.2010
  • Vice President Manager and Department head of an Internal Control Department for an Asset Management Firm, establishing a new Department, and executing Internal Control reviews with a team of 7 team members, conducing 3rd party service provider due diligence review, managing SOX certification process by:
  • Working closely with all departments to develop process and control write-ups as well as identification of key controls and risk control matrices
  • Developing a continuous monitoring plan covering various departments, covering key processes and products as well as test plans and testing spreadsheets
  • Generating Internal Control Issue Reports with Management Action Plans

Vice President

Merrill Lynch
06.2005 - 09.2006
  • Vice President within the Internal Audit Department of a Broker Dealer conducting internal audits by:
  • Conducting interviews with process owners and developing process write-ups and flow charts
  • Developing Audit Programs based on interviews and identified risk and controls
  • Generating Internal Audit Issue Reports with Management Action Plans

Senior Internal Auditor

KPMG
12.2002 - 06.2005
  • Company Overview: Big 4 Accounting Firm
  • Senior Internal Auditor for Big 4 Accounting Firm conducting internal audits, external audits, SOX preparedness reviews, revenue recognition reviews Fraud Investigations, build out and development of client Internal Audit Departments by:
  • Conducting interviews and developing process write-ups, flow charts and Audit Programs
  • Identifying, logging, testing and improving client SOX/key controls and documentation
  • Generating Internal Audit Issue Reports with Management Action Plans
  • Honored with multiple performance awards
  • Big 4 Accounting Firm

Senior Internal Auditor

Dun & Bradstreet
02.2001 - 12.2002
  • Senior Internal Auditor for commercial credit and marketing report company conducting internal audits, due diligence reviews, fraud investigations and heading special projects in the US, Asia, and Europe by:
  • Conducting interviews with process owners and developing process write-ups and flow charts
  • Developing Audit Programs based on interviews
  • Generating Internal Audit Issue Reports with Management Action Plans
  • Honored with multiple leadership and performance awards

Internal Auditor

Spear, Leads & Kellogg/Goldman Sachs
08.2000 - 02.2001
  • Staff Internal Auditor for a Market Maker conducting regulatory and financial internal audits by:
  • Conducting interviews with process owners and developing process write-ups
  • Developing Audit Programs based on interviews and applicable regulations
  • Generating Internal Audit Issue Reports with Management Action Plans

Education

Certified Public Accountant (CPA) -

Certified Internal Auditor (CIA) -

Certified Fraud Examiner (CFE) -

Certified Financial Services Auditor (CFSA) -

Certification Control Self-Assessment (CCSA) -

BS - Accounting

Saint Joseph’s University
01.1999

Skills

  • Relationship building
  • Strategic planning
  • Verbal and written communication
  • Decision-making
  • Strong FINA regulation knowlage

Accomplishments

  • Developed, implemented and executed Broker-Dealer Compliance testing programs for various FINRA regulations.
  • Supervised multiple Teams and Departments ranging from 1 to 12staff members.
  • Restated a joint ventures' financial books and records.
  • Uncovered numerous fraud schemes (Commission, Bonus, Loan).
  • Developed and implement SOX programs for clients.
  • Documented and resolved multiple Compliance and Risk based issues which led to an improved control environment and clean external Regulatory Reviews

Awards

Global Leadership Award

Multiple Auditor of the Quarter Award

Multiple KPMG Performance and Leadership Awards


Timeline

Director/Head of US Conduct and Compliance Testing

NatWest Markets
08.2023 - Current

Senior Vice President /Senior Audit Manager

Citigroup
02.2022 - 08.2023

Principal/ Vice President

Bank of New York Mellon
08.2014 - 01.2022

Consultant

PricewaterhouseCoopers
10.2013 - 08.2014

Loan Closer

Self-employed
12.2011 - 10.2013

Senior Vice President

Citigroup
07.2010 - 12.2011

Vice President Manager

Legg Mason
09.2006 - 07.2010

Vice President

Merrill Lynch
06.2005 - 09.2006

Senior Internal Auditor

KPMG
12.2002 - 06.2005

Senior Internal Auditor

Dun & Bradstreet
02.2001 - 12.2002

Internal Auditor

Spear, Leads & Kellogg/Goldman Sachs
08.2000 - 02.2001

Certified Internal Auditor (CIA) -

Certified Fraud Examiner (CFE) -

Certified Financial Services Auditor (CFSA) -

Certification Control Self-Assessment (CCSA) -

BS - Accounting

Saint Joseph’s University

Certified Public Accountant (CPA) -

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Joseph C. Iacono CPA, CIA, CFE, CFSA, CCSA