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 18 years of experience in serving financial services, digital assets and technology organizations navigate their governance risk and compliance expectations, specializing in IT risk and cybersecurity. Russ has led a broad array of projects, including regulatory examinations, 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.

  • Leads Baker Tilly’s IT and cybersecurity examinations practice, executing IT and cyber examinations on behalf of more than 30 state departments of insurance
  • 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 insurance companies (P&C, life and heath), financial institutions and national securities exchanges
  • 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
  • Designs and executes tests of incident response, disaster recovery and business continuity plans

Location

Iselin, NJ

Education

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

American Bankers Association Compliance School – depository and lending modules

Russell's upcoming events

Webinar

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Mastering Model Audit Rule (MAR) implementation and optimization: A comprehensive guide for insurers

Webinar

man protects firm from cybersecurity risks

Navigating the financial services compliance landscape: A deep dive into SOX compliance

Conference

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2024 NAMIC Management Conference