Financial Services Internal Audit Hot Topics

In this webinar we will provide a brief overview of recent trends and risk priorities for internal audit within the financial services sector for the second half of the 2023 calendar year. The past few years have created a volatile landscape for financial institutions as they react to the impacts resulting from the pandemic, global impacts from the war in Ukraine and the economic downturn, a rising interest rate environment to name a few. However, the last few months has added to the growing list of challenges facing the industry today and reacting to the impacts of the recent banking failures. In this webinar, we will explore these more recent industry hot topics including cybersecurity trends, liquidity and interest rate risk management, talent management, and others.

Objectives

• This webinar will cover financial services industry hot topics and what’s changed in the first half of 2023.
• Crowe SMEs will discuss the current trends in the banking industry that internal auditors should be focused on today.
• Crowe SMEs will discuss how banks and internal auditor professionals should address these trends within their current audit plans and bank activities

Speakers

Michael Milkovich has been involved with cybersecurity testing since 2016. During this time, he has supported various government programs focused on penetration testing and network security. Michael's work experiences within the Financial Services industry includes internal and external penetration testing, security awareness testing, and supporting clients' ongoing efforts to improve security posture through continuous growth and maturation. His cybersecurity experience includes all aspects of security program support and development including:

• Internal and External Penetration Testing
• Continuous Open-Source Intelligence Awareness
• Security Growth Planning
• Company Asset Identification and Prioritization
• Security Management Program Creation
• Insider Threat / Threat Actor Emulation Testing
• Windows Active Directory Hardening
• Vulnerability Management Program Creation

Mr. Garcia has over 13 years of experience working with Crowe LLP specifically serving financial services companies. Mr. Garcia works in the Consulting Group and is responsible for internal audit engagements including performing risk assessments.

Garcia has helped his clients implement FDICIA/SOx control frameworks and assist in performing related activities such as key control identification and evaluation of control design and operating effectiveness. He also performs technical reviews over Asset Liability Management, Enterprise Risk Management, Model Risk Management, Electronic Banking, and Allowance for Credit Losses functions within financial institutions.

Mrs. Jareske is a Partner in the Risk Consulting group and is responsible for managing full scope and co-sourced internal audit and Sarbanes-Oxley Section 404 engagements. Her clients are primarily in Texas. Crystal has over 20 years of public and non-public experience providing external audit, internal audit and risk management and controls consulting within the financial services and manufacturing industries.

While at Crowe, Crystal has over 11 years experience in the financial services industry. She serves as the relationship manager on clients of all sizes and serves as the subject matter expert in many areas, including Risk Management (Enterprise Risk Management, Model Risk Management, Operational Risk Management,, Vendor Risk Management etc.), Capital Stress Testing, FDICIA control design, implementation, and testing; ACH Operations and NACHA Compliance; Lending; Deposit Operations; Wire Transfer Operations; and Quality Assessment Reviews.