This informative article discusses the Three Lines Model and its benefits and challenges for bank implementation 

Three Lines Model offers a logical risk management framework 

Three Lines Model offers a logical risk management framework for banks

Lisa is a director with Baker Tilly’s financial services risk advisory practice, who has been with the firm since 2016 and has been providing risk advisory services to financial institutions and trust clients since 2003. Her extensive exposure to the operating environments within the financial institutions industry allows her to share and help clients implement leading industry practices.

Lisa is a director with Baker Tilly’s financial services risk advisory practice, who has been with the firm since 2016 and has been providing risk advisory services to financial institutions and trust clients since 2003.

Extensive prior financial institution and internal audit experience, including more than 10 years in the industry and more than 10 years with the nation’s fifth largest accounting and consulting firm

Provides risk management consulting services to public and privately held financial institution clients that have ranged between $40 million and $12 billion in assets

Specializes in fiduciary and operational internal audits, including trust, deposits, loans, wire transfers, automated clearing houses (ACH) and investments

Works with financial institutions and trust companies to help identify business risks and improve controls to mitigate these risks

Leads engagement teams in performing business process reviews to identify control gaps and operational inefficiencies, as well as operational and trust internal audits

Leads engagement teams in completing internal audit risk assessments to determine associated risk levels of all banking processes and assist clients in designing and implementing sustainable and cost-effective internal audit programs

Presents internal audit reports and plan status to management and audit committees

Trains and mentors staff, both internally and via client co-sourcing arrangements

Experience in FDICIA and Sarbanes-Oxley implementation and testing

Institute of Internal Auditors (IIA) – Milwaukee Chapter

Fiduciary and Investment Risk Management Association (FIRMA)

Financial Managers Society (FMS) – Wisconsin Chapter

Baker Tilly is proud to sponsor and speak at the 2024 Bank Director Bank Audit and Risk Conference June 10 – 12.  Join Baker Tilly's practitioners and over 300 peers from across the U.S. to explore key subjects such as data security, emerging technology, fraud, crisis management and the effectiveness of internal controls.. Join risk advisory principal, Chris Tait, during his panel Artificial Intelligence and Cyber Risks day one from 3:50 - 4:30 PM.  The session will focus on the most challenging cybersecurity and AI risks banks are facing. 

Lisa Ahrens

Location

Milwaukee, WI

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Three Lines Model offers a logical risk management framework

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2024 Bank and Audit Risk Conference