Service/Industry Specialization
Tim's audit and compliance assistance has helped many financial institutions
solidify their internal control structure and minimize compliance violations.
Primarily serving Eastern Pennsylvania clients from our Allentown office, Tim
takes the time to find out how things really operate at the bank, and then works
with management to design a control or compliance solution that fits best in
the client's particular situation. Although internal controls and compliance
can sometimes seem rigid, Tim has demonstrated that there are numerous ways to
address the same issue. Often the solution can also result in cost savings or
revenue enhancing opportunities for the bank.
Experience
Tim has 12 years of internal audit and compliance experience beginning in 1991
with a $16 billion mid-atlantic bank holding company. He came to Snodgrass in
1997 and manages all Internal Audit & Compliance engagements in Eastern Pennsylvania.
In addition, he has 10 years experience in retail banking as a branch manager
and lender for a community bank. Being a banker first, then changing careers
to internal auditing within the banking industry gives Tim a unique blend of
experience to share with clients. He has been a regular speaker on audit and
compliance topics at both the Ohio and Pennsylvania Community Bankers Associations.
Education
Tim has regularly attended audit and compliance seminars and conferences since
joining Snodgrass, offered by the Institute of Internal Auditors, Kirchman Corporation,
Americas Community Bankers, OCC, and Pennsylvania Bar Association. He has a B.B.A.
degree in Finance from Eastern Kentucky University.
"Regulations are complex to read and comprehend, but if approached from trying
to understand the original intent of the regulation, complying with them becomes
much easier. I often advise clients they might be making things more difficult
than necessary from a compliance perspective. Too often I see new products and
services designed without taking regulations into account. Once the new product
is rolled out, lenders and operations personnel soon discover that the product
design and compliance are difficult to reconcile. Bringing the Bank's compliance
officer or us into the picture during the planning stages can avoid later problems".
Our compliance approach with clients is to partner with them for training, advice,
support, and ultimately review of performance.
