Lawrence Lim
Plano,TX
Summary
Experienced risk management professional with a demonstrated history of working in the financial services. Offering solid foundation in analytical thinking and problem-solving, ready to excel in dynamic environment. Skilled in Risk Identification, Risk and Control Self-Assessment (RCSA), Testing, Issue Validation, Policies & Procedures Development, Compliance & Operations Risk Management, and Internal Audit.
Overview
22
22
years of professional experience
Work History
Business Risk and Control Testing Manager
Comerica Bank
11.2023 - Current
- Perform, coordinate, and review issue validations, including MRAs and MOUs and determine appropriate remediation actions for issues arising from regulators & internal testing groups and communicate to the stakeholders.
- Implement(ed) CMS (Compliance Management Systems) Testing program to manage and monitor compliance testing team, for Regulations ECOA (Reg B), Electronic Fund Transfer (Reg E), Safe Act (Reg G), Flood (Reg H), FCRA (Reg V), RESPA (Reg X), & TILA (Reg Z), including developing of test scripts, reviewing workpapers, writing reports, and reporting the test results to the clients.
- Identify and document risks and threats to management and strategic objectives for each business units, including new and emerging risks.
- Respond to requests related to internal audit and regulatory examinations on behalf of the line of business (LOB).
- Conducted comprehensive testing for identifying potential system vulnerabilities and ensuring high-quality deliverables.
Operational Risk Manager
Independent Financial
09.2022 - 11.2023
- Developed Risk Control Self Assessments (RCSAs) and flowcharts for the bank’s products, services, and regulations ECOA (Reg B), HMDA (Reg C), Electronic Fund Transfer (Reg E), Safe Act (Reg G), Flood (Reg H), Insider Loans (Reg O), Privacy (Reg P), FCRA (Reg V), RESPA (Reg X) TILA (Reg Z), CRA (Reg BB), TISA (Reg DD), Model Risk, SCRA, and MLA.
- Performed issue validations, including root cause analysis to ensure management remediated risks and controls are properly implemented, designed appropriately, and operating effectively.
- Provided independent monitoring and testing oversight to ensure the effective design and management of controls to mitigate risks, including implementation and operation, conducting the control monitoring, handling deficiencies, and escalating issues for resolution.
- Developed strong working relationships and effectively partnered with key stakeholders and subject matter experts across the organization to accomplish goals.
- Developed risk assessment matrices and templates to increase visibility of risks and facilitate decision making.
Risk and Compliance Manager
Texas Capital Bank
03.2015 - 09.2022
- Implemented CMS Testing program by developing, executing, and reporting results of Second Line of Defense (2LOD) testing of First Line of Defense (1LOD) RCSA controls and regulatory requirements for ECOA (Reg B), HMDA (Reg C), Flood (Reg H), Insider Loans (Reg O), Privacy (Reg P), FCRA (Reg V), RESPA (Reg X) TILA (Reg Z), CRA (Reg BB), TISA (Reg DD), ACH, HOEPA, and SCRA.
- Supervised and reviewed work of assigned risk management team members and consultants, providing feedback/questions during and at the end of engagement evaluations when applicable.
- Identified control weaknesses and opportunities for improvement by translating control deficiencies into action plans and provided recommendations and guidance on the development of management responses and corrective action.
- Assisted management in guiding and influencing standards and procedures that conform to enterprise risk management requirements by providing effective challenges to the internal stakeholders and supporting sound operational and compliance risk management.
- Ensured regulatory compliance by developing and implementing comprehensive policies.
Senior Auditor
Texas Capital Bank
01.2015 - 01.2021
- Planned, developed, and managed multiple audits as Auditor-in-Charge (AIC) and main point of contact for the business through audit engagements for ACH, Banking Centers, CRA, Corporate Governance, Corporate Security, Deposit Operations, HMDA, Human Resources, Insurance, Model Risk, Operations Risk, Treasury, and Wire Transfer.
- Performed data analysis using Audit Command Language (ACL) to perform100% testing for wire transfer, CRA, HMDA, and wire transfer audits.
- Advised in the Model Risk Management Committee, reviewed all model risk issues, and provided recommendations.
- Led high priority special projects by identifying problems, analyzing root cause, developing solutions, and communicating project results to1LOD and2LOD while maintaining objectivity and independence.
- Mentored junior auditors, contributing to their professional development and enhancing team performance.
- Enhanced audit efficiency by implementing risk-based audit strategies and streamlining processes.
Audit Manager
Global Power
10.2012 - 02.2015
- Performed audit and Sarbanes-Oxley (SOX) test to validate the controls are working as intended and reported to management and recommended improvements.
- Implemented supplier scorecard system for purchasing department to monitor and measure the performance of vendors.
- Audited organization’s governance, risk management, and compliance (GRC) controls in accordance with regulatory standards and policies.
- Provided guidance to line of business in establishing Risk Control Self-Assessments (RCSA's) and flowcharts identify risk and assess controls.
- Evaluated effectiveness of internal controls by testing key controls across various business units within the organization.
Senior Risk and Control Analyst
Federal Home Loan Bank of Dallas
07.2003 - 10.2012
- Performed user acceptance testing (UAT) and user production validation testing of financial and operational applications used by the Bank to identify operational and security issues.
- Performed application access administration (user access review) for internal (employees) and external (customers) users.
- Collaborated across multiple groups such as Operational Risk Management, Compliance, and Legal, on matters relating to operational and compliance controls and process improvements.
- Improved risk management by identifying key control gaps and implementing corrective measures.
Senior Auditor
Federal Home Loan Bank of Dallas
01.2003 - 01.2010
- Conducted audits to evaluate the soundness, adequacy and application of accounting, financial and other operating controls in existing and new systems and prescribed methods to improve controls.
- Developed and reviewed for quality, completeness, and accuracy of the implementation of the RCSAs, flowcharts, audit programs for ACH, Affordable Housing Project, Corporate Communications, Governance, Human Resources, Collateral, Deposit Operations, Marketing, Safekeeping, and Wire Transfer.
- Applied knowledge of the business, products, and services to identify and implement control points and processes throughout the business.
- Enhanced audit efficiency by implementing risk-based audit strategies and streamlining processes.
Education
Bachelor of Science - Accounting
Skills
- Risk Management
- ACL
- Compliance Testing
- Archer
- Flowchart
- GRC
- Internal Audit
- Microsoft Office Suite
MILITARY EXPERIENCE
Military Veteran – US Navy Data Processing Technician (DP2) – Honorable Discharge
Languages
Korean
Timeline
Business Risk and Control Testing Manager - Comerica Bank
11.2023 - Current
Operational Risk Manager - Independent Financial
09.2022 - 11.2023
Risk and Compliance Manager - Texas Capital Bank
03.2015 - 09.2022
Senior Auditor - Texas Capital Bank
01.2015 - 01.2021
Audit Manager - Global Power
10.2012 - 02.2015
Senior Risk and Control Analyst - Federal Home Loan Bank of Dallas
07.2003 - 10.2012
Senior Auditor - Federal Home Loan Bank of Dallas
01.2003 - 01.2010
Clemson University - Bachelor of Science, Accounting
Similar Profiles
Gelin CampGelin Camp
Vice President, Strategic Programs Manager at Comerica BankVice President, Strategic Programs Manager at Comerica Bank
Britiany GrignonBritiany Grignon
CSR at Comerica BankCSR at Comerica Bank
Kevin RobsonKevin Robson
Banking Center Manager at Comerica BankBanking Center Manager at Comerica Bank