Summary
Overview
Work History
Education
Skills
Websites
Military Experience
Timeline
Generic

LAWRENCE LIM

Plano

Summary

Risk management and internal audit expert with over 10 years in financial services. Drove a 67% increase in regulatory compliance and improved operational risk visibility by 80% through robust issue validation and compliance testing initiatives.

Overview

23
23
years of professional experience

Work History

Compliance Testing and Issue Validation Manager

COMERICA BANK
Dallas
11.2023 - Current
  • Developed a compliance testing program that increased regulatory compliance by 67%.
  • Developed issue validation framework and program, implementing validation template and tracking system for rigorous validation of closure packages for high-risk issues.
  • Led Testing and Validation teams at Comerica Bank to enhance compliance and mitigate risks.
  • Implemented a restitution testing program to ensure proper reimbursement for impacted customers, improving customer trust.
  • Trained compliance analyst on compliance testing cycles, ensuring adherence to regulatory requirements for Reg B, Reg E, Reg G, Reg H, Reg V, Reg X, Reg Z, and Reg DD.

Operational Risk Manager

INDEPENDENT FINANCIAL BANK
McKinney
09.2022 - 11.2023
  • Established detailed RCSA matrices and flowcharts for high-risk areas, which increased operational risk visibility by 80%.
  • Achieved a 40% reduction in compliance issues through the implementation of issue management with enhanced monitoring and root cause analysis.
  • Led operational risk management team in business process mapping, risk identification initiatives, and issue management to strengthen overall risk posture.
  • Reviewed compliance controls for business accessible units (BAUs) against applicable Code of Federal Regulations (CFR) to maintain alignment with regulatory changes.
  • Collaborated with department heads to integrate risk management culture into daily operations, fostering a proactive risk-aware environment.

Compliance Risk Manager

TEXAS CAPITAL BANK
Dallas
01.2020 - 09.2022
  • Led high-impact testing for various regulatory requirements (SCRA, Reg DD, Reg X, and Reg Z), reducing total issues by 50%.
  • Identified control gaps through rigorous testing and collaborated with businesses to design and implement corrective action plans, enhancing compliance effectiveness.
  • Conducted sophisticated data analysis using ACL to perform 100% testing on CRA and HMDA data, ensuring zero-defect reporting.
  • Established the compliance testing program to streamline workflows, aligning to the Bank’s CMS (Compliance Management System), for more frequent and deeper reviews of high-risk processes.
  • Prepared detailed reports for Board of Directors on compliance risk profile status and remediation efforts, facilitating strategic oversight.

Senior Internal Auditor

TEXAS CAPITAL BANK
Dallas
03.2015 - 12.2019
  • Led high-stakes audits as Auditor-in-Charge (AIC) covering Model Risk, TPRM, ACH, Wire Transfer, and GLBa.
  • Developed audit programs and executed audit plans, delivering clear audit reports for senior management that highlighted vulnerabilities and provided actionable recommendations.
  • Advised the Model Risk Management Committee, providing credible challenges to strengthen the bank's model risk program.
  • Reviewed and tested Key Risk Indicators (KRIs), initiating improvements that enhanced control effectiveness.
  • Coached junior audit staff on technical auditing standards and risk management principles, fostering a deeper understanding of best practices.

Audit Manager

GLOBAL POWER EQUIPMENT GROUP INTERNATIONAL
10.2012 - 02.2015
  • Conducted comprehensive SOX tests and audits to uphold integrity of financial reporting and strengthen operational controls.
  • Performed data analytics to identify red flags in prepaid and purchase card (P-Card) transactions, ensuring proper documentation to mitigate fraud risk.
  • Guided business units in developing RCSAs, aligning internal processes with global regulatory standards and enhancing compliance.

Senior Internal Auditor

FEDERAL HOME LOAN BANK OF DALLAS
07.2003 - 10.2012
  • Executed SOX testing and financial audits, ensuring reliability of regulatory filings and disclosures.
  • Developed 30+ audit programs and RCSAs, enhancing risk visibility and control assessment metrics.
  • Conducted user acceptance testing (UAT) and production validation testing of financial and operational applications, identifying operational and security issues.

Education

Bachelor of Science - Accounting

Clemson University
Clemson, South Carolina

Skills

  • Regulatory compliance
  • SOX compliance testing
  • Internal audit
  • Issue resolution
  • Operational risk management
  • RCSA development
  • Key risk indicators
  • Third-party risk
  • Process mapping
  • Quality assurance
  • User testing
  • Root analysis
  • Defense oversight

Military Experience

Data Processing Technician – Petty Officer 2nd Class (E5), United States Navy, Holy Loch, Scotland, Honorable Discharge

Timeline

Compliance Testing and Issue Validation Manager

COMERICA BANK
11.2023 - Current

Operational Risk Manager

INDEPENDENT FINANCIAL BANK
09.2022 - 11.2023

Compliance Risk Manager

TEXAS CAPITAL BANK
01.2020 - 09.2022

Senior Internal Auditor

TEXAS CAPITAL BANK
03.2015 - 12.2019

Audit Manager

GLOBAL POWER EQUIPMENT GROUP INTERNATIONAL
10.2012 - 02.2015

Senior Internal Auditor

FEDERAL HOME LOAN BANK OF DALLAS
07.2003 - 10.2012

Bachelor of Science - Accounting

Clemson University
LAWRENCE LIM