Key takeaways
Host: Michael Bondar, principal, Deloitte Transactions and Business Analytics LLP
Presenters: Adam Berman, partner, Deloitte Risk & Financial Advisory
Jennifer Gerasimov, managing director, Deloitte & Touche LLP
David Rains, principal, Risk & Financial Advisory
Stuart Rubin, managing director, Deloitte & Touche LLP
Robert Stradtman, principal, Deloitte Risk & Financial Advisory
1.0 Overview CPE credit | Information Technology
In the era of enhanced technology transformation, organizations are increasingly exposed to new threats. This underscores the importance of proactive digital controls and governance to mitigate risks and build and maintain trust equity with your stakeholders. We’ll discuss:
- Evolving risk landscape associated with digital technologies
- The impact of trust on organizational performance
- How a comprehensive digital controls framework can modernize the three lines of defense
Meet the speakers
Michael Bondar
Michael Bondar is a principal in the Risk & Financial Advisory business leading Deloitte’s Enterprise Trust offering. He focuses on helping clients improve organizational performance by building, protecting and enhancing levels of trust for companies across a wide range of stakeholder groups. Bondar spent the first decade of his career leading business process transformation and ERP implementation programs for global clients across consumer, life sciences & health care, and technology, media & telecom industries. Then, after spending time as a technology executive at a leading software company, he returned to Deloitte to lead the firm’s Global Innovation efforts focused on the development, scaling, and commercialization of our various technology-based solutions. Today, Bondar resides in Boca Raton, FL with his wife and two children. Holding a degree in Computer Science from the University of Kansas and after growing up in Kansas City, he is an avid sports fan of the Chiefs, Royals and his alma-mater Kansas Jayhawks.
Adam Berman
Adam Berman is a Partner in Deloitte’s Risk and Financial Advisory practice and has over twenty years of experience as an Internal Controls Specialist. He currently leads our Digital Controls market offering encompassing controls advisory, controls automation, implementation assurance, and related services. Adam is also Executive Sponsor of Deloitte’s Nexus Digital Nerve CenterTM, a suite of innovative digital services designed to transform the management and optimization of your organization’s risk and control programs. Adam focuses on operations and technology risk management for investment managers, inclusive of alternative assets, trust companies, and fund administrators. He has performed multiple operational and technical controls assessments to determine that appropriate controls frameworks exist, controls have been properly designed and operate effectively, and has assessed controls against leading practices. In connection with these projects, Adam has led control rationalization and reviewed projects aimed at identifying modernization opportunities. These include instances where automation can accelerate and scale processes and digital controls, powered by risk analytics, AI and machine learning, and can mitigate exposure and reduce residual risk across the organization.
Jennifer Gerasimov
Jennifer is managing director in the Risk & Financial Advisory practice specializing in Accounting and Internal Control Services. She co-leads Deloitte’s Nexus Digital Nerve Center™ solution, one of the Controls Advisory offerings within the Digital Controls practice. She has more than 20 years of experience in assessing internal controls in areas such as financial business operations, information security, system development, and computer operations for clients primarily within the Financial Services industry. She has designed, implemented, and tested operating effectiveness of tens of thousands of business controls and general IT controls. During this time, she recognized a growing need for change with how companies are managing their risk and control environments. She understands what is required for modernization and, in response, has led the innovation efforts to develop the Nexus Digital Nerve Center solution.
David Rains
David is principal with Deloitte & Touche LLP. He specializes in assisting clients to address complex internal control challenges in Global Enterprise Resource Management (ERP) system implementations to transform internal control programs through modernization and rationalization, reduce risk, and enhance regulatory compliance efforts. A primary focus of him is assisting organizations in the design, implementation, and testing of compliance-ready business process and information technology internal controls throughout the lifecycle of the system implementation that help clients achieve their specific needs to modernize and digitize across Finance and IT. He has deep experience with various ERP systems, as well as operating systems and platforms, databases, and unique client applications. He holds various leadership roles enhancing the Deloitte brand including the leader of the Digital Controls for ERP & Cloud offering.
Stuart Rubin
Stuart Rubin is a Managing Director in Deloitte Risk & Financial Advisory’s Accounting & Internal Controls practice, with over 20 years of experience in internal controls and compliance, Internal Audit and IT consulting. He is the National leader for Deloitte’s Controls Advisory practice and a member of Deloitte’s Global Digital Controls Executive Committee. He is responsible for shaping Deloitte’s vision for the Future of Controls, incorporating cognitive/AI, analytics and other digital enablers to generate higher ROI, lower Total Cost of Compliance (TCC) and deliver meaningful business insights. He brings this vision to life as a leader of Deloitte’s Nexus Digital Nerve CenterTM; a suite of innovative digital services designed to transform the management and optimization of your organization’s risk and control programs. He has extensive experience in assisting organizations in the Banking, Fintech, Technology and Consumer industries in implementing, assessing, monitoring and enhancing their systems of controls, including regulations, standards, and leading practices pertaining to COSO, COBIT, SSAE 18, Sarbanes-Oxley Act, FFIEC, Enterprise Risk Management (ERM), cyber security and customer privacy, system implementation and IT governance, and corporate investigations. Stuart is regularly published in Wall Street Journal’s Risk and Compliance journal and routinely presents at IIA, ISACA and industry conferences on emerging trends in the assurance, internal control, Internal Audit and cyber/privacy spaces. Prior to joining Deloitte, he was a co-founder of a leading cyber services consultancy where he launched a managed services platform for providing ongoing monitoring of network devices and assessing and reporting on the impact of cyber-related events. Stuart is a graduate of Florida State University and holds a Bachelor of Science in Information Studies. He is a Certified Information Systems Security Professional (CISSP-ISSMP) and a member of ISACA and InfraGard.
Robert Stradtman
Bob is a principal in Deloitte Transactions and Business Analytics LLP and leads the Government & Public Services (GPS) Regulatory & Legal offering portfolio. He has more than 20 years’ experience in financial advisory, compliance management, forensic investigations, creditor and lender advisory, financial management, financial operations, program integrity, cash management, business operations, and business model and process modernization, and with agencies that extend credit, and financial regulatory agencies. He has also supported law enforcement clients with critical investigation support and regulatory clients with matters associated with regulatory transformation, program compliance, and operational risk management. Bob has extensive experience in helping clients develop financial, operational, and governance capabilities to meet regulatory requirements and challenges as well as assisting clients to optimize capital, liquidity, and operations. He has designed and implemented large funding and securities programs and helped clients manage distressed portfolios of diverse financial assets. He has provided technical advisory to some of the largest United States Federal Government clients, as well as some of the largest commercial banking clients. Prior to Deloitte, Bob led aspects of the capital markets function for a US-based Top 10 bank, executing more than 200 public and private securitization and other structured finance transactions. In addition, Bob has led and/or supported significant aspects of banking mergers and acquisitions and other financial services transformation initiatives. Bob is a member of the American Bankers Association, the American Securitization Forum, and the Professional Risk Management International Association.
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