RANDALL CLAY
San Francisco,CA
Summary
Compliance Manager with over 25 years of financial, operational and technology audit and risk management experience. Specialist in redesigning business processes, analyzing various risk and implementing strong internal controls. Acute problem solver and go to resource for reducing audit delivery times.
Overview
14
14
years of professional experience
Work History
Senior Business Risk Officer
Silicon Valley Bank (SVB)
San Francisco, CA
08.2022 - Current
- Developed new control framework in Loan Operations/Administration and partner with 2nd line Credit Administration to transition controls to 1st Lines of Defense.
- Perform Risks Assessments and identify key SOX and Operational Risks.
- Streamline SOX program activities across Commercial Bank such as risk assessment, issue remediation, process walkthrough, control execution and quarterly coordination of controls testing.
- Lead walkthrough and prepare process / control owners to present their process and controls effectively with SOX Office and internal, external auditors and other compliance groups.
- Assesses control issues and partner with business owners to help articulate root cause, analyze actual and potential impact, develop correction plans, and conclude on final assessment.
- Proposes changes to processes and controls to address Bank’s dynamic growth, whether new or complex risks are introduced and need to be mitigated
AVP/Senior Operational Risk Mgt. Controls Tester
MUFG Union Bank
San Francisco, CA
06.2015 - 07.2022
- Managed annual SSAE 18 SOC-1 Type 2 Audit
- Communicated with external audit team to coordinate collection of supporting documentation
- Examined and monitored 1st Line of Defense risk management activities
- Evaluated operational and technology risk, prioritize risk and conduct remediation work
- Conducted controls testing and quality assurance reviews of policies, processes and procedures
- Prepare test plans and written reports for management summarizing findings and conclusions
- Executed Operational Risk Framework in alignment with MUFG's Strategic Plan.
Sr. Audit Consultant
Wells Fargo Bank
San Francisco, CA
05.2013 - 05.2015
- Audited ITGC and Security Application Controls within Digital Channels and Wholesale Groups
- Reviewed of SSAE 16 SOC 1 Type 2 Reports
- Implemented regulatory reporting internal controls within Wells Fargo's Wholesale Banking Group
- Conducted walkthrough and document current technology processes
- Updated risk and controls repository databases within Digital Channels and Wholesale Groups
- Managed remediation work related relate SOX ITGC audit issues
Sr. Quality Assurance and Risk Analyst
Pacific Gas and Electric
San Francisco, CA
12.2010 - 05.2013
- Audited Sarbanes-Oxley key 25 internal controls quarterly for Customer Care Group
- Monitored federal and state energy regulatory guidelines
- Assisted with implementation of Enterprise Risk Assessment process within various lines of business
- Maintained repository for divisional policies and procedures
- Worked with cross-functional leaders to develop and implement quality assurance strategies and procedures
- Implemented action plans to remediate control gaps and identified deficiencies.
VP and Manager
United Commercial Bank
San Francisco, CA
07.2008 - 06.2009
- Examined control deficiencies identified by internal/external auditors and bank regulators
- Evaluated business, process and IT system changes to ensure timely identification and assessment for SOX compliance
- Conducted fraud and risk assessments
- Performed SOX 404 risk assessment scoping and annual audit planning
- Assisted with developing and implementing Bank Wide Enterprise Risk Management Program.
Manager - Operations Control and Audit
RANDALL CLAY, Charles Schwab
San Francisco, CA
01.2007 - 06.2008
- Completed regulatory, operational and Sarbanes-Oxley Compliance audits
- Reviewed firm’s supervisory procedures within SEC and FINRA regulations
- Identified control improvements opportunities and communicated recommendations to management
- Monitored remediation plans to ensure completion within allocated timeframes
- Developed compliance audit reports for senior management
- Handled audit planning and creation of audit programs
- Managed 2 consultants.
Education
American Bankers Association Certificate in Fraud Prevention -
Pp
Pp 02.2015 - 01.2014
Bachelor of Science - Accounting
Norfolk State University
Norfolk, VASkills
SKILLS SUMMARY
Detailed understanding of financial and operational procedure challenges of conducting risk assessments
Strategic thinker with problem solving skills, capable of reaching consensus on corrective action plansEffective communicator across all levels of organizations
Expertly plan and manage audit engagements, oversee work of assigned auditors, and make appropriate adjustments to audit plan as needed
Additional Information
- Inactive US Government Top Secret Security Clearance
Timeline
Senior Business Risk Officer
Silicon Valley Bank (SVB)
08.2022 - Current
AVP/Senior Operational Risk Mgt. Controls Tester
MUFG Union Bank
06.2015 - 07.2022
American Bankers Association Certificate in Fraud Prevention -
Pp
02.2015 - 01.2014
Sr. Audit Consultant
Wells Fargo Bank
05.2013 - 05.2015
Sr. Quality Assurance and Risk Analyst
Pacific Gas and Electric
12.2010 - 05.2013
VP and Manager
United Commercial Bank
07.2008 - 06.2009
Manager - Operations Control and Audit
RANDALL CLAY, Charles Schwab
01.2007 - 06.2008
Bachelor of Science - Accounting
Norfolk State University