Edward Gelfond, CAMS

President, Managing Member | Financial Services Audit Expert

Oceanside, New York, United States

About

Experienced Auditor with a demonstrated history of working in the banking industry. Strong business development professional skilled in Internal Audit, BSA/AML/Sanctions (CAMS Certified), Regulatory Compliance, Enterprise Risk Management, Analytical Skills, Management, and Financial Services Operations. Worked with big four accounting firms. E-mail: [email protected]

Experience

  • President, Managing Member at EDG Consulting LLC
    Jan 2020 - Present · 6 yrs 6 mos

    • Provided senior-level audit and compliance services to the financial services industry, ensuring adherence to regulatory standards. • Subcontracted audit services to various Audit Consultant firms, enhancing service delivery and operational efficiency. • Specialized in Financial Services Audit, focusing on areas such as BSA/AML, Operational Risk, and Process Improvement.

  • Regulatory Advisory Manager at FORVIS
    Jun 2021 - May 2024 · 3 yrs

    • Cultivate and nurture client relationships, ensuring satisfaction and retention. • Serve as a distinguished subject matter expert (SME) in Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regulations. • Spearhead internal audit initiatives for FORVIS clients, overseeing planning, execution, leading walkthroughs, and reporting. Mentored junior auditors. • Directly involved in reviewing and approving fieldwork, ensuring adherence to regulatory standards for banks, Credit Unions and Broker Dealers, • Enhance audit findings through analysis and strategic recommendations, contributing to clients' operational efficiency and compliance.

  • Independent Audit Consultant at The Horizon Group
    Oct 2019 - Nov 2019 · 2 mos

    • Evaluated audit program steps for the annual BSA/AML audit of a Foreign Branch of a large German-owned bank. • Conducted thorough audit controls and transaction testing to ensure compliance. • Engaged with stakeholders to discuss findings and best practices, enhancing the audit process. • Updated the audit program to reflect current best practices and regulatory requirements.

  • Member Board Of Governers at IIA Long Island Chapter
    May 2018 - May 2019 · 1 yr 1 mo

  • Deputy General Manager, Internal Audior at Industrial Bank of Korea
    Mar 2015 - Apr 2019 · 4 yrs 2 mos

    •Evaluated and implemented procedures to ensure accuracy of documentation and reports in compliance with federal regulations and organizational expectations •Performed all aspects of the audit cycle including planning and risk assessment •Built and sustained relationships with clients to facilitate audit execution, including fieldwork, reporting and follow-up correspondence •Initiated discussions with clients for further understanding of business unit and identified potential areas of audit impact •Interfaced with regulatory examiners during routine examinations and all other external reviews. Followed up on all findings •Conducted audits including BSA/AML/OFAC, Regulatory Compliance, Branch Operation, Lending, Human Resources