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MIHAI STANILA
Internal Audit And Compliance Director
Bucharest
Summary
INTERNAL AUDIT AND COMPLIANCE DIRECTOR Position to deliver innovative strategic leadership and an integrating perspective to decision making
Overview
17
17
years of professional experience
7
7
years of post-secondary education
2
2
Languages
Work History
INTERNAL AUDIT AND COMPLIANCE DIRECTOR
Max Bet Group Romania
08.2021 - Current
- Coordinate internal audit missions
- Implement internal audit framework
- Develop risk approach into multiple areas of business
- Create and implement quality control missions
- Coordinate AML missions
- Coordinate GDPR missions
- Coordinate special missions in the network (anti fraud missions, supplier analysis etc)
- TGS Romania Accounting and Advisory Business Services (project based) https, //tgs-romania.com
- Oversaw internal and external registration as well as training audits.
- Enhanced management of securities and insurance licensing database via strategic management of vendor relations.
- Raised operational quality with development, implementation and management of robust internal controls.
- Addressed compliance issues by developing and implementing corrective action plans.
- Developed compliance training initiatives and materials, educating staff on regulations.
- Collaborated with HR and IT to develop and implement code of business and ethics and anti-harassment policies and related personnel training.
- Verified consistency in quality planning, quality control, quality insurance and quality improvement.
- Delivered subject matter expertise for internal and external customers on compliance best practices and quality control.
- Prepared and presented comprehensive reports to upper management and audit team, covering issues and recommendations.
- Investigated potential compliance violations and reported findings to senior management.
- Liaised with clients to identify and target inefficiencies in areas of risks and business controls, process gaps and workflow discrepancies.
- Advised division leaders of regulatory risks in business processed and provided recommendations for improvement.
- Formulated detailed recommendations based on audit findings to support annual planning and definition of goals.
- Analyzed and identified risk areas to determine compliance with applicable laws and regulations.
- Kept up to date on compliance trends and rulings using meticulous research and study.
- Devised and maintained compliance recordkeeping processes to support initiatives.
- Established and monitored compliance procedures to provide consistent implementation across departments.
- Performed regular compliance reviews and audits, identifying non-compliance issues.
- Implemented effective compliance policies and procedures to meet regulatory requirements.
- Defined and developed policies and procedures for consumer reporting and privacy practices.
- Managed full life cycle of assigned audits in alignment with departmental procedures, delivering progress as well as closing reports to senior management and clients.
INTERNAL AUDIT MANAGER
TGS Romania Accounting and Advisory Business Services
Bucharest
03.2021 - 07.2021
- Coordinate internal audit missions
- Implement internal audit framework to allocated clients
- Develop risk approach into multiple areas of business and over multicultural teams.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Diminished outstanding debts by analyzing accounts for issues.
- Initiated comprehensive account assessments to check viability, stability, and profitability of business operations.
- Collected and reported monthly expense variances and explanations.
COMPLIANCE OFFICER
Claret Euro Credit IFN
Bucharet
08.2018 - 03.2021
- Develop and implement an effective legal compliance program
- Create sound internal controls and monitor adherence to them
- Draft and revise company policies
- Proactively audit processes, practices and documents to identify weaknesses
- Evaluate business activities (e.g
- Investments) to assess compliance risk
- Collaborate with external auditors and HR when needed
- Set plans to manage a crisis or compliance violation
- Educate and train employees on regulations and industry practices
- Address employee concerns or questions on legal compliance, Tehnics Int Group - BUCHAREST, ROMANIA http://www.opel.autoerebus.ro/ http://www.blackcab.ro
- Implemented improvement initiatives and developed compliance testing program to monitor and identify gaps in new and existing practices.
- Managed practical action plans to respond to audit discoveries and compliance violations.
- Collaborated with internal and external stakeholders, auditors and legal counsel to confirm compliance with applicable laws and regulations.
- Collaborated with sales and marketing departments and other business units to address indications of improper sales practices and market conduct violations.
- Monitored and assessed compliance risks associated with operational processes and procedures.
- Developed and maintained system for tracking and reporting compliance violations.
- Identified, investigated and documented compliance violations and recommended corrective measures.
DATA PROTECTION OFFICER
Claret Euro Credit IFN
Bucharest
07.2018 - 03.2021
- Maintain and develop Data Protection Framework
- Link between entity and authorities
- Measured and reported organization's security capabilities using automated and manual tools.
- Planned cross-disciplinary projects to upgrade or implement new security technologies.
- Oversaw security policy management framework and departmental security policies using policy lifecycle approach.
- Recommend improvements in security systems and procedures.
- Monitored use of data files and regulated access to protect secure information.
- Reviewed violations of computer security procedures and developed mitigation plans.
- Performed risk analyses to identify appropriate security countermeasures.
SENIOR INTERNAL AUDITOR
Claret Euro Credit IFN
Bucharest
06.2018 - 03.2021
- Development of internal audit framework
- Optimizing business and processes
- Direct support for the Financial and Operational departments
- Updating procedures and workflows
- Approving of payments and disbursements
- Evaluate effectiveness of the measures taken in order to mitigate main risks
- Fully development of central policies together with the top management and shareholders, procedures and internal control matrix
- Update existing and issue new operational guidelines on how to implement existing controls
- Coordinate the implementation of internal controls in all departments and is the support of departments in terms of methodology
- Perform internal control testing (as part of the internal audit missions or by request) to support the departments in improving their processes and mitigating their risks.
- Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
- Developed auditing program to address risks and evaluate regulatory requirements.
- Produced audit reports.
- Recommended new methods to improve internal controls and operating efficiency.
- Investigated discrepancies discovered during auditing process.
- Reported audit findings, covering compliance issues related to International Financial Reporting Standards (IFRS) and corporate regulations.
- Planned annual audits, evaluating controls across national and international offices.
- Trained newly hired employees on company processes, procedures and deadlines.
- Handled all major risks in collaboration with management.
- Prepared and distributed risk and audit reports to appropriate personnel.
- Created and delivered risk management presentations to key decision-makers.
- Performed strategic planning, execution and finalization of audits using data analytics and critical thinking skills.
- Evaluated company's policies to determine how well standards adhered to best practices.
- Coordinated with external auditors and documented process reviews.
- Identified and reported audit issues.
- Reviewed and identified risks, analyzed controls and tested compliance.
- Prepared audit programs and documentation in alignment with Generally Accepted Auditing Standards (GAAS).
- Handled supervisor duties when manager was unavailable or out of office.
- Administered auditing program to address risks and evaluate compliance with regulatory requirements.
- Explained risk and compliance concepts to managers and executives.
- Documented recommendations to improve internal controls.
INTERNAL AUDIT DIRECTOR
Erebus Group
Bucharest
01.2018 - 06.2018
- Development of internal audit framework
- Savings of more than 2.5 mil euro from optimizing operational workflows, fraud detection and loss prevention
- Direct support for the Financial and Operational departments of the group
- Creating procedures and workflows for Erebus Tehnics Int in order to set up the Risk
- Management Policy
- Counseling service for mergers and acquisitions
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Evaluated and negotiated contracts to procure favorable financial terms.
- Supported financial director with special projects and additional job duties.
- Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
- Developed strategic plans for day-to-day financial operations.
- Conducted financial due diligence on potential investments and acquisitions.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Complied with established internal controls and policies.
- Analyzed business processes to identify cost savings and operational efficiencies.
- Established internal audit procedures to validate and improve accuracy of financial reporting.
- Improved overall financial reporting by streamlining control processes and reporting structures.
CHIEF FINANCIAL OFFICER
Erebus Group
Bucharest
10.2017 - 01.2018
- Set up Internal Reporting Framework
- Coordinating a team of 8 accountants and financial controllers
- Savings of more than 0.5 mil euro from optimizing financial workflows
- Organizing the company’s organigram and identifying cost reduction methods
- Cost cutting and new budget implementation
- Oversaw budgets, payroll, and accounts payable and receivable.
- Oversaw deployment of strategic business plans to accomplish accounting, compliance, and revenue targets.
- Created, planned, and implemented policies and procedures to increase productivity and maximize return on investments.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
- Directed budget development, creation of budgetary controls and recordkeeping systems and investment management.
- Analyzed operational issues and implemented corrective action to maximize profits.
- Completed in-depth analyses of risks to control company profile, enhance systems and track legal concerns.
- Conducted detailed analysis of company financial information to drive internal and external financial reporting, stewardship of company assets and ownership of cash management.
- Improved cash flow, retired debt and built cash reserves to control costs and enhance benefits.
- Set and monitored effective financial policies to analyze company financial strengths and weaknesses and propose corrective actions.
- Directed budget development, budgetary controls and recordkeeping to make informed financial decisions.
- Delivered forward-thinking and bold insights to enhance business assets and report financial metrics.
- Managed and led direct reports to handle controllership, treasury and corporate finance functions.
FINANCIAL AND ACCOUNTING ANALYST
Group Société Générale European Business Services
Bucharest
05.2016 - 06.2017
- Analyzed trends and monitored customer behaviors to serve as predictors for future marketplace actions.
- Researched billing and invoice problems and resolved issues in compliance with established standards.
- Accomplished coordination of cost analysis to discover inconsistencies between product sales targets and actual product sales figures.
- Maintained strict client confidentiality in personal, telephone and email interactions to comply with preset standards and regulations.
- Identified system errors and applied established company policies and procedures to resolve issues.
- Managed and responded to correspondence and inquiries from customers and vendors.
- Coordinating day-to-day accounting processes to drive financial accuracy.
- Managed accounting system using Wave Accounting inventory software to enhance reporting and organizational analysis.
- Reconciled accounts and resolved both internal variances and discrepancies in external documentation.
- Prepared quarterly balance sheet reconciliations to obtain accurate picture of organization's financial situation.
FINANCIAL MANAGER
Catalactica NGO
Bucharest and Alexandria
04.2014 - 05.2016
- Very good coordinate human resources development programs of over 5 million euro
- Led financial planning and analysis by managing key metrics, analyzing data and providing support and insight for strategic planning.
- Identified and investigated variances to optimize financial plans and forecasts.
- Forecasted operating costs for scheduled projects by strategizing with other departments.
- Very good results as cost controller
- Rapidly became the link between Authority of Management and ADPSE Catalactica in terms of reporting, budget execution and compliance
- Established budgetary benchmarks and formulated financial management strategies by researching operating and historical financial records.
- Managed essential personnel data and records using Charisma.
- Created analytical framework for identifying and developing financial growth opportunities.
- Analyzed budgets, financial reports and projections for accurate reporting of financial standing.
- Managed 4 team members across 2 offices.
Voluntary Worker
ADPSE Catalactica
Bucharest
06.2009 - 03.2014
- I activated as a volunteer in programs for supporting rroma population by identifying opportunities and be a link between ADPSE Catalactica and Local Administration in Southern Romania.
- Assisted with event coordination and on-site support.
- Assisted with special events and programs.
- Answered phone to filter calls, assist and redirect appropriate personnel.
- Drafted emails, wrote memos, created contracts and prepared other communications.
- Served on advisory boards and committees to boost program planning and administration.
INTERNAL AUDITOR
Ion Tiriac Holdings Management Office
Bucharest
11.2009 - 06.2013
- Vast internal audits in all structures of the holding and elaborating and implementing internal procedures and reporting for the holding
- Prepared special key reports for shareholders
- Quickly gained a reputation as an outstanding internal audit and compliance expert
- Management consultancy activities for mergers and acquisitions of other companies
- Developed internal operational procedures and the Manual of policies and financial reporting and
- Sarbanes Oxley act
- Fast developed excellent relationships with human resources department, shareholders and financial/operational departments
- EARLY, Between 2006 and 2009 I had several positions in the sales and controlling/ auditing area such as:
- Developed auditing program to address risks and evaluate regulatory requirements.
- Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
- Planned annual audits, evaluating controls across national and international offices.
- Coordinated with external auditors and documented process reviews.
- Identified and reported audit issues.
- Documented recommendations to improve internal controls.
- Created and delivered risk management presentations to key decision-makers.
- Handled all major risks in collaboration with management.
- Administered auditing program to address risks and evaluate compliance with regulatory requirements.
- Investigated discrepancies discovered during auditing process.
- Handled supervisor duties when manager was unavailable or out of office.
- Recommended new methods to improve internal controls and operating efficiency.
- Prepared and distributed risk and audit reports to appropriate personnel.
Internal Auditor
Libra Bank
Bucharest
11.2008 - 04.2009
- Developed auditing program to address risks and evaluate regulatory requirements.
- Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
- Produced audit reports.
- Evaluated company's policies to determine how well standards adhered to best practices.
Lead internal Controller
Carpatica Commercial Bank
Sibiu
04.2008 - 11.2008
- Developed strong communication and organizational skills through working on group projects.
- Identified issues, analyzed information and provided solutions to problems.
- Paid attention to detail while completing assignments.
- Proven ability to develop and implement creative solutions to complex problems.
- Participated in team projects, demonstrating an ability to work collaboratively and effectively.
- Provided professional services and support in a dynamic work environment.
- Managed time efficiently in order to complete all tasks within deadlines.
- Cultivated interpersonal skills by building positive relationships with others.
- Demonstrated strong organizational and time management skills while managing multiple projects.
- Worked flexible hours across night, weekend and holiday shifts.
- Applied effective time management techniques to meet tight deadlines.
- Acted as a team leader in group projects, delegating tasks and providing feedback.
- Developed and maintained courteous and effective working relationships.
- Worked well in a team setting, providing support and guidance.
- Proven ability to learn quickly and adapt to new situations.
Credit administrator
Carpatica Commercial Bank
Bucharest
12.2007 - 03.2008
- Worked with customers to answer questions, resolve disputes and research discrepancies.
- Assisted with reconciliations and customer communications.
- Received inbound customer calls related to credit and accounts receivable.
- Supported customers with invoices, statements and other basic questions.
- Processed recurring automated payments and credit card payments.
- Oversaw reporting, documentation and recordkeeping requirements for department.
- Wrote and implemented standard operating procedures for credit personnel to achieve consistency in unit operations.
- Referred delinquent accounts to collections department or outside resources.
- Collaborated with management to evaluate credit strategies and develop improvements.
- Obtained and interpreted financial statements to assist in credit limit reviews.
- Collected data and performed trend and variance analysis to mitigate risk arising from bad debt.
- Attended ongoing professional training to facilitate accurate and productive credit management.
- Streamlined processes for early identification of potential credit system and monitoring problems.
- Analyzed applicants' financial status and credit and property evaluations to determine loan feasibility.
- Provided training and consulted with struggling teams to help meet monthly target goals.
- Reported key performance indicators to department heads for management of positive cash flow and to adjust credit risk policies and procedures.
Business Banking Officer
Bancpost
Bucharest
07.2006 - 03.2007
- My achievements, in the Internal audit field were:
- Updated and implemented procedures and internal policies regarding Basel II accord
- Fast advancement in the Internal control department based on good capacity for analysis and synthesis of data and an excellent organization
- Lead internal controller for internal control missions in all Carpatica branches
- Reviewing inspection reports and determines the timing of follow-up missions
- Gained very fast a reputation as a professional compliance expert
- Represented bank at community events to establish strong ties and promote business.
- Built and maintained productive relationships with internal and external C-level executives to facilitate business success.
- Upheld stringent bank standards for loans, money handling, and legal considerations.
- Provided direction and leadership to all employees to maximize productivity and bottom-line profitability.
- Utilized up-to-date information to make effective decisions governing bank operations.
- Supervised branch operations and made continuous improvements in each area.
- Provided leadership and direction to grow team portfolio and increase revenue.
- Met with customers to assess needs and propose customized solutions.
- Delivered exceptional experience and maintained productive relationships with area small businesses.
Education
Master of Financial Audit and Conciliation - Financial Audit
Academy of Economic Studies
Bucharest, Romania 10.2009 - 03.2011
Bachelor in Finance - Finance
Academy of Economic Studies
Bucharest, Romania 10.2005 - 07.2008
Bachelor in Banking - Business Economics
Bucharest College, Academy of Economic Studies, Economic Studies
Bucharest, Romania 10.2002 - 07.2005
Project Manager - Project Management
National Authority For Qualifications
Bucharest, Romania 05.2012 - 06.2012
Trainer - Human Resources Training
National Authority For Qualifications
Bucharest, Romania 06.2014 - 08.2014
Internal Auditor for private companies in Romania - Internal Audit
National Authority For Qualifications
Bucharest, Romania 10.2015 - 11.2015
Skills
Internal Audit and complianceundefined
Affiliations
Strong player in the Internal Audit and Conciliation market with broad knowledge and
consistent record of more than 10 years’ experience in the banking, financial services, operational and
training, audit and strategic management.
Additional Information
- Other: , Driver license B category since 2006
Software
Oral Communications
Written Communications
Personal Development
Interpersonal Development
Goal Setting
Time Management
Stress Management
Critical Thinking
Timeline
INTERNAL AUDIT AND COMPLIANCE DIRECTOR
Max Bet Group Romania
08.2021 - Current
INTERNAL AUDIT MANAGER
TGS Romania Accounting and Advisory Business Services
03.2021 - 07.2021
COMPLIANCE OFFICER
Claret Euro Credit IFN
08.2018 - 03.2021
DATA PROTECTION OFFICER
Claret Euro Credit IFN
07.2018 - 03.2021
SENIOR INTERNAL AUDITOR
Claret Euro Credit IFN
06.2018 - 03.2021
INTERNAL AUDIT DIRECTOR
Erebus Group
01.2018 - 06.2018
CHIEF FINANCIAL OFFICER
Erebus Group
10.2017 - 01.2018
FINANCIAL AND ACCOUNTING ANALYST
Group Société Générale European Business Services
05.2016 - 06.2017
Internal Auditor for private companies in Romania - Internal Audit
National Authority For Qualifications
10.2015 - 11.2015
Trainer - Human Resources Training
National Authority For Qualifications
06.2014 - 08.2014
FINANCIAL MANAGER
Catalactica NGO
04.2014 - 05.2016
Project Manager - Project Management
National Authority For Qualifications
05.2012 - 06.2012
INTERNAL AUDITOR
Ion Tiriac Holdings Management Office
11.2009 - 06.2013
Master of Financial Audit and Conciliation - Financial Audit
Academy of Economic Studies
10.2009 - 03.2011
Voluntary Worker
ADPSE Catalactica
06.2009 - 03.2014
Internal Auditor
Libra Bank
11.2008 - 04.2009
Lead internal Controller
Carpatica Commercial Bank
04.2008 - 11.2008
Credit administrator
Carpatica Commercial Bank
12.2007 - 03.2008
Business Banking Officer
Bancpost
07.2006 - 03.2007
Bachelor in Finance - Finance
Academy of Economic Studies
10.2005 - 07.2008
Bachelor in Banking - Business Economics
Bucharest College, Academy of Economic Studies, Economic Studies
10.2002 - 07.2005
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