Alexander Moshinsky, Director, Operational Advisory and Risk Management at Berdon LLP, brings more than 25 years of experience in the financial services and other sectors - working with major institutions and government regulatory agencies including broker dealers and dark pool network operators. A highly accomplished senior financial professional, he has extensive experience in enterprise risk management (ERM), Sarbanes-Oxley 404 and 302 compliance, operational risk, internal auditing, corporate governance, AML compliance, Information Technology General Computer Controls (ITGC), public accounting, dispute consulting and forensic investigations.
Throughout his career he has held senior positions at major companies and risk services advisory practices of national and Big Four accounting firms.
Mr. Moshinsky's experience encompasses the following areas, among others:
- Design, development, and implementation of enterprise risk management frameworks
- Planning and execution of internal audit engagements, including evaluation and testing of design and effectiveness of internal controls and associated remediation
- Implementation, testing and ongoing compliance of Sarbanes-Oxley 404 and 302 compliance programs
- Compliance services for COSO'13 and CoBiT control frameworks
- Establishment and oversight of operational risk programs
- FCPA, Anti-bribery, anti-money laundering (AML) compliance and examinations
- Compliance with SEC's Financial responsibilities rules for broker-dealers
SELECTED ENGAGEMENT EXPERIENCE
A global institutional trading network "dark pool" broker dealer: Led and performed various internal audit and Sarbanes-Oxley compliance engagements. These engagements covered every significant business cycle including trade-to-receive (trading, confirmation and settlement), commission management services (soft dollars), procure-to-pay, stock based compensation, payroll and benefits, general accounting, financial and regulatory reporting, net capital calculation, information technology general and application controls, critical spreadsheets, FCPA, entity level, and anti-fraud controls.
An asset management subsidiary of a global banking institution: Established an Enterprise Risk Management program for both the investment adviser and Company managed registered mutual funds. The process included identifying, assessing and controlling all enterprise risks covering investment portfolio risks, operational, strategic, financial, compliance and reporting risks. The program consisted of risk oversight, identification, assessment, measurement, monitoring and reporting. Key risk indicators (KRIs) were identified, tracked, monitored and analyzed. The program facilitated an increased focus on risks by the senior management team while resulted in more risk discussions at all levels of the organization. The resulting cultural changes allowed for risks to be considered more openly and broke down organizational silos with respect to how risk was managed. In addition, changes in Key Risk Indicators provided an early warning as far as changes in the organization's risk profile. The program also supported better structure, reporting, and analysis of risks. Standardized risk reports improved the focus of management by providing concise and meaningful data that helped for better risk mitigation decisions.
Established and managed a Risk Control function, including a system of internal controls over financial reporting (ICFR) in compliance with the Sarbanes-Oxley Act of 2002 (SOX) in preparation for an IPO. Alex implemented a web-based data repository application containing process, risk and control documentation. Documented and evaluated processes, risks, and controls for entity-level, business, and IT general and application cycles.
National and Big Four accounting firms: Led and executed internal audit and Sarbanes-Oxley 404 engagements for broker dealers, asset managers, hedge funds, private equity firms and for other sectors including manufacturing, media, high technology and publishing. Sarbanes-Oxley 404 and 302 assignments covered internal control assessments, implementation and development of control frameworks, assessment of the design and effectiveness of internal controls. Alex provided oversight over supervised testing procedures and recommended remediation plans. In addition, Alex executed dispute consulting and forensic investigative services; engagements included resolution of buy/sell agreement disputes, fraud investigations, SEC initiated investigations, whistle-blower investigations, and royalty examinations.
A leading international management consulting firm: Served as a Chief Audit Executive. Led and executed operational and financial audits of core operations in Cambridge, Massachusetts and 46 offices worldwide. Oversaw and executed all aspects of audit process: risk assessment, audit planning and staffing, testing, communication of results, report preparation and follow-up monitoring procedures.
PROFESSIONAL MEMBERSHIPS AND ACTIVITIES
Institute of Internal Auditors
Securities Industry and Financial Markets Association - Internal Auditors Society
He was interviewed by Bisnow National on fraud risk management in the commercial real estate industry.
EDUCATION AND HONORS
Mr. Moshinsky holds a Bachelor of Science, Cum Laude, in Accounting from Boston College. He is licensed as a CPA in Massachusetts and speaks fluent Russian and is proficient in Ukrainian.