Ken Farley

About Ken Farley

Experienced risk and audit professional in multiple industries with leadership roles in risk management, internal audit, compliance, and fraud. Second line risk and third line of defense audit experience providing risk and controls advisory, controls development, and consultative expertise in complex regulatory environments with expertise in multiple banking lines of business including Digital (Mobile, OLB, Innovation, Transformation, and Technology), Residential Mortgage and Servicing, Commercial Real Estate, Consumer Lending Originations and Servicing, and Commercial Loan Servicing. Strengths in Enterprise, Operational, and Compliance Risk, Internal Audit, GRC Archer, RCSA (risks, controls, testing, and risk profile) oversight, SOX 404, key risk indicators and metrics, Agile project management, risk identification, controls and testing development, remediation activities, project and change management, new product and digital transformational process initiatives, process and procedures governance, and third party risk management. Recent risk advisory leadership for digital transformational initiatives and complex system implementations and integrations, to ensure risk management oversight including risk identification, risk mitigation, controls development, and change management governance. Strong track record in relationship building through consultation, coaching, educating, and developing partnerships through collaboration. Knowledge in Fraud, Regulatory Consumer Compliance, Residential Mortgage, Consumer and Commercial Lending, Operations, Banking Products, Digital, Mobile, Artificial Intelligence, Machine Learning, Blockchain/Distributed Ledger/Digital Assets, Open Banking, Application Process Automation, and Robotic Process Automation. Completed AI Innovation Series sponsored by Graduate School of Banking. Certified Internal Auditor (CIA) CertificationCertified Fraud Examiner (CFE) Designation Certification in Risk Management Assurance (CRMA) Operational Risk Management Fundamentals Designation (RMA)

Experience

1. Enterprise Risk Manager - Vice President - Risk Management

   First Mutual Holding Co.

   Oct 2021 — Present · Cleveland, OH, US

   Responsibilities to the Chief Risk Officer and supporting senior leadership to administer the Enterprise Risk Management program through ongoing development and oversight of the integrated risk management framework for the holding company and seven affiliates.*Manage design and reporting of KRIs and risk data analytics to support enterprise risk management to assess, measure, monitor, and report results for all risk categories to tolerance for management and board awareness.*Manage continuous improvement of ERM program and LOB RCSAs, controls evaluation, and monitoring to include risk mitigation and inherent, residual, and direction of risk ratings within regulatory guidelines.*Provide risk oversight, consultation, and review and challenge for digital, mobile app, online banking, innovation, and digital transformation from a SLoD review and challenge perspective.*Oversight of third party risk management program to provide relationship managers guidance to manage vendor relationships and risks effectively; monitor contract compliance; performance, reporting, and risk management.* Administer the risk oversight of the corporate insurance program and financial models thru governance, monitoring, controls, and validation procedures.* Provide leadership training and guidance for ERM, risk appetite, risk ratings and control evaluation procedures, emerging risks, fraud, and digital technology risks to ensure RCSA and risk profiles were within ERM guidelines.* Oversight of risk management readiness for new product delivery working with management and SMEs to ensure change management is properly assessed including digital, mobile, and technology innovation.* ERM Reporting Presentations delivered to Board and Executive Risk Committees and support to the Chief Risk Officer and bank leadership with regulatory personnel interaction and documentation requests.* Active Board Risk, ERM, Credit, Compliance, Data Governance, and AI Committee membership.

Education

• John Carroll University

  BSBA, Business Administration, Management and Operations