Russ Sommers

Russell Sommers

CPA, CISA

Partner

+1 (646) 776 6214

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Russ leads Baker Tilly’s financial services risk advisory practice in the New York metro area, as well as Baker Tilly’s digital assets practice. He has more than 15 years of experience in serving financial services, digital assets and technology organizations navigate their governance risk and compliance expectations. He has led a broad array of projects, including internal controls advisory, internal audit, cybersecurity and regulatory compliance consulting, information technology audit and risk assessment, vendor risk management, enterprise risk management and SOC 1/2 reporting.

  • Oversees planning, execution and client management for a wide variety of complex governance, risk, IT, compliance and regulatory projects
  • Collaborates with clients to prepare for IPO readiness, design and implement enterprise risk management (ERM) programs, conduct Sarbanes Oxley (SOX) control gap assessments, execute SOX programs
  • Executes internal, compliance and SOX audit plans in a fully outsourced and co-sourced capacity for national securities exchanges, digital asset companies
  • Trains financial services regulators and examiners on how to conduct examinations addressing emerging regulations
  • Assists clients in mapping business processes to regulatory and industry guidance including SEC, NIST, FINRA, CFTC, IOSCO, NY DFS, NAIC, NIST, ISO, COBIT, GDPR, CA CPA, etc.
  • Leads SOC 1/2 readiness assessments and examinations with financial services clients
  • Guides clients through the digital assets landscape by uncovering the potential risk, business impact and strategic opportunity
  • Designs and executes tests of incident response, disaster recovery and business continuity plans
  • American Institute of Certified Public Accountants (AICPA), Digital Assets Working Group, Smart Contracts Subgroup (member)
  • New Jersey Society of Certified Public Accountants (NJCPA)
  • Information Systems Audit and Control Association (ISACA)
  • Insurance Accounting and Systems Association (IASA)
  • Society of Insurance Financial Management (SIFM)
  • Society of Financial Examiners (SOFE)

Location

Iselin, NJ

Education

Bachelor of Science in accounting
Ramapo College (Mahwah, New Jersey)

American Bankers Association Compliance School – depository and lending modules