Tim, a Principal in the Internal Audit and Regulatory Compliance Group, has more than 17 years of experience in both internal audit and regulatory compliance. He has a strong interest in banking regulations, which serves his clients well because they are kept up to date with ever-changing regulations. In addition to regulatory compliance, Tim is also known for developing internal audit plans that work in the financial institution’s best interest. Additionally, Tim is a regular speaker on compliance topics at various seminars sponsored by different financial institution trade organizations. He is a published author with several articles on helping financial institutions ensure or improve their institution’s compliance. His most recent article, Compliance Issues in Today’s Mortgage Lending Environment (click here for article), covers six changes in the regulatory environment due to the mortgage crisis.

Prior to joining Snodgrass in 1997, Tim was a Senior Auditor for Meridian Bank, where he specialized in mortgage banking operations, funds management, international finance, regulatory compliance, and FDICIA. Prior to his position as Senior Auditor, Tim served as a branch manager and lender at Meridian Bank for over ten years.

Tim holds a B.B.A. degree in finance from Eastern Kentucky University. He is also a Certified Financial Services Auditor (CFSA).

Uncomplicating Compliance

"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."