Proven track record • Audit Executive • Strategic Partner

Bridging the Gap Between Finance and IT

Seasoned Audit Executive with experience in leading global audit and SOX compliance strategic initiatives and achieving substantial process improvements. Spearheaded multiple internal and external programs with cross-functional leaders and external stakeholders. Proven track record of leading organizations through high-profile M&A initiatives, business restructuring, and business process redesign.

  • Audit/Compliance: 20+ years of progressive leadership experience with global teams focused on ensuring audit, risk, compliance and controls environments support business processes and are compliant with regulatory requirements.
  • Audit Strategy: Oversaw global audit frameworks including working with multiple business unit leaders resulting in a 20% reduction in audit delivery timelines.
  • Business Transformation: Guided key business stakeholders in the development and deployment of a Process, Risk, and Controls Library across 20+ Business Units in a Fortune 100 global commercial insurance company.
  • People Leadership: Directed global teams in excess of 20 audit professionals in a highly-matrixed environment with multiple leadership promotions providing direct guidance, development, and mentorship.
  • Technology Deployments: Supported six deployments of SAP in the US and international markets (UK, IRL, CA, CH, HK, SG) for a major Pharmaceutical company, ensuring the core control standards were implemented with minimal enhancements.
  • Business Redesign: Developed system automating approval and analysis of global audit fees; improved data visibility which resulted in a $2 million or 7% reduction in global fees.
Contact Michael
Career Summary
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100%
on-time delivery of audit reports
  • Achieved 100% on-time delivery of audit reports.
  • Enhanced audit frameworks, leading to a 20% reduction in audit cycle times and improved control assessment accuracy.
  • Developed and deployed a comprehensive Process, Risk, and Controls library of over 1,000 controls across 20+ business units, enhancing continuous controls monitoring and replacing traditional risk-based testing methodologies.
  • Coordinated cross-functional audit teams to streamline audit controls, achieving a balanced workload and preventing audit overlap, which mitigated audit fatigue risks.
  • Provided strategic guidance to audit teams and key stakeholders, enhancing control frameworks and ensuring successful and timely remediation of issues, thereby strengthening organizational risk management.
  • Collaborated with Financial Audit teams to enhance the oversight and testing of automated and IT-dependent controls, achieving a 15% reduction in audit discrepancies through improved testing efficiency.
  • Orchestrated the comprehensive transition of SOX operations to advanced platforms and consolidated management of global user access controls, significantly improving process effectiveness and reducing controls testing by 40%.
  • Implemented self-service models for audit processes, empowering audit teams with greater access to data and reducing dependency on manual oversight by 30%.

About Michael

  • Proven track record
  • Audit Executive
  • Strategic Partner

Core Skills

  • Shareholder Communications
  • Compliance Program Management
  • Stakeholder Management Business Process Redesign
  • Information Technology Planning
  • Client Relations Enterprise Systems Implementation
  • IT & Business Controls
  • Enterprise Risk Management Business Process Implementation
  • Business Relationship Management
  • Compliance Auditing

Industries

  • Insurance
  • Pharmaceutical
  • Client Services
  • Consumer Products
  • Technology
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Case Studies

Situation

Strengthening SOX Compliance In AIG Japan

External auditors (PwC) identified significant issues/gaps in the user access controls within the Japan entity which, when aggregated, would result in a Material Weakness.

Task/Activity

  • Identified gaps in the design of the controls and the test steps being applied to determine if the controls were operating effectively while managing through language and cultural differences with documentation and staff.
  • Worked with PwC to determine issues and gaps, set a plan to address concerns, collaborated with business and IT stakeholders on plan, identified US team to support project and managed ongoing project from US upon return.

Results

  • Plan designed and executed to the satisfaction of external auditors.
  • Material Weakness averted.
  • Recognized by Chief Audit Officer as the “Man who saved Japan.”

Situation

Building an Offshore Audit Team at AIG

As local audit staff attrition increased and hiring became difficult, AIG needed to expand its use of offshore resources while maintaining audit quality and institutional knowledge.

Task/Activity

  • Screened and selected high-caliber candidates for the offshore team.
  • Developed and conducted training to align new auditors with AIG’s audit methodology.
  • Provided ongoing coaching and feedback through workpaper reviews and audit interactions.

Results

  • Successfully established an offshore audit team, reducing audit costs by 60% while fostering the growth and development of a new group of auditors.

Situation

Streamlining Controls Testing at AIG

AIG's rapid growth through acquisitions led to disparate processes, systems, and controls, resulting in significant gaps compliance issues, and audit fatigue due to redundant testing. To address this, the Chief Audit Officer launched an initiative to replace risk-based audits with a Process, Risk, and Control (PRC) library for continuous testing.

Task/Activity

  • Conducted end-to-end process reviews with key business and IT stakeholders.
  • Identified and documented key risks and controls in the PRC library.
  • Addressed control gaps by collaborating with stakeholders on remediation plans.
  • Created a streamlined control environment, reducing redundant controls by 30%.
  • Enabled cost-efficient testing by leveraging India-based resources at 40% of the cost of local teams.

Results

  • AIG achieved a more consistent, repeatable, and efficient control testing process, reducing audit fatigue while improving compliance and cost efficiency.
  • Created a streamlined control environment, reducing redundant controls by 30%.
  • Enabled cost-efficient testing by leveraging India-based resources at 40% of the cost of local teams.
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"[Mike] is great partner who brought creative and strategic approaches to our audit program."

"Mike is a dedicated, hard-working professional focused on helping our stakeholders. He has worked extensively with a local SOX team to deliver the results when we had difficulty in a specific jurisdiction. He is a result-oriented audit leader with emotional intelligence."

Naohiro Mouri
CPA, CIA

“...we collaborated in building and executing a very aggressive audit program including reviewing major corporate initiatives with limited resources. I found Mike to be a great partner who brought creative and strategic approaches to our audit program.”

Mike Miller

“...Together we built and maintained a SOX function spanning the diverse business lines of the company and continued to coordinate in other audit capacities as we progressed in the organization. Mike was always a trusted colleague and a great sounding board on all audit matters and always had a creative perspective as to finding solutions to problems.”

Rupal Lahoti
CISA, CISM, CRISC, CDPSE, CFE, ITIL

"Michael is a true expert in his field. He presents well and I would welcome a chance to work with him. His communication style is one that puts you at immediate ease and his questions show his intelligence including emotional intelligence. I feel fortunate to have connected with Michael and would recommend him to any company needing his skills. He's professional and a pleasure to work with. I sincerely hope our careers cross path again!"

Kelly Perez
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Certifcations

Certified in Risk & Information Systems Control (CRISC)

ISACA

Certified Information Systems Auditor (CISA)

ISACA

Current Good Manufacturing Practices Certified Professional (CMPCP)

CfPIE

Career Mastery

Executive Career Mastery Program

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Contact

(203) 550-3909

mike.raduazzo@gmail.com

/michaelraduazzo

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