Thomas E. Murphy, MBA 612.991.3920 • temurphy@comcast.net

Senior Risk Management Executive

Certified Internal Auditor (CIA) / Certified Information Systems Auditor (CISA)

Dynamic senior manager experienced in leading compliance/audit initiatives to support risk management,

financial, IT, and business operations across diverse industries. Plan and manage risk assessments and process

control reviews to identify and mitigate risks throughout an organization. Leverage strong client relationships,

audit approaches and remediation strategies to evaluate system and operational vulnerabilities and implement

cost-effective solutions. Anticipate and react proactively to situations with the ability to adapt and perform well in

changing environments.

Core Leadership Competencies

Staff Development Risk Assessments IT Security / Process Audits

Relationship Management Team Building & Leadership Process / Control Remediation

Control Identification, Audit

Planning & Execution

Documentation & Testing Procedures SOX / Compliance

Management

PROFESSIONAL EXPERIENCE

Four Point Partners, LLC, Minneapolis, MN, 2013 - Present

Business consulting firm specializing in Internal Audit, Risk and Compliance, Accounting and Finance

Operations, SEC Reporting, Accounting Research and Information Technology.

Consultant

Consulted with manufacturing, investment, and utility clients, completing numerous Sarbanes – Oxley (SOX)

testing and internal audit assignments.

Successfully executed SOX project in six months, significantly less time than similar projects.

Successfully completed IT general controls testing for a number of engagements.

Provided control consultation for new accounts payable / purchasing system implementation.

Republic Bank and Trust (First Commercial Bank), Bloomington, MN, 2010 - 2013

Local community bank specializing in commercial real estate lending with approximately $200 million in assets.

Senior Vice President – Risk Management / Chief Credit Officer

Managed audit, compliance, risk management and credit administration / loan review functions. Served as BSA

officer. Devised and executed annual audit plans, including IT reviews. Assisted with managing $20 million

Other Real Estate Owned (OREO) portfolio. Led a four person department.

Active member of Executive, Credit, OREO, Deposit and Asset – Liability (ALCO) committees.

Developed and implemented new loan loss model for calculating loan loss reserve, successfully addressing

regulatory recommendation.

Improved IT documentation and control process, removing a regulatory memorandum of understanding.

Saved thousands of dollars by supporting management strategy for a $20 million OREO portfolio generating

income to offset carrying expenses.

Created a policy and procedure addressing new real estate appraisal regulation, which maintained Bank’s

regulatory compliance and avoided remediation expenses.

Thomas E. Murphy • 612.991.3920 • temurphy@comcast.net

TCF Financial Corporation, Minneapolis, MN, 2000 - 2009

Regional bank holding company with $16 billion in assets, providing retail and commercial banking, consumer

lending and leasing services through 400+ locations in the Midwest and Southwest

Chief Audit Executive / Audit Manager / Audit Supervisor

Managed daily operations for 27 member audit department with a $2.5 million budget, supporting offices in three

states. Developed and executed annual audit plans; planned and coordinated 30 financial, operational, IT, and

regulatory audits annually. Handled SOX compliance and testing for section 404 requirements.

Improved departmental performance and quality by launching new risk assessment process, automated

workpapers and time accounting system, allowing firm to introduce SOX without adding staff.

Spearheaded project to implement cost-effective SOX process within audit function, including identifying

and testing key controls.

Recommended improved audit controls that reduced risk within wire system application as a result of

identifying issues with project implementation.

Planned and organized consulting resources to mitigate serious compliance issue and avoid multimillion

dollar fines and criminal penalties.

Improved audit processes and minimized risks across enterprise by working with staff to increase their

knowledge of audited areas and established controls.

Directed and supported two fraud investigations, resulting in several staff terminations and preventing

thousands of dollars in potential losses.

Increased employee retention by fostering employee development through new job descriptions and salary structure.

Federal Reserve Bank of Minneapolis, Minneapolis, MN, 1985 - 2000

Regional, quasi government agency providing services and regulatory supervision to financial institutions.

Technical Support Team Leader / Sr. Data Systems Auditor / Data Systems Auditor / Senior Auditor

Oversaw operations including supervising four EDP audit staff that performed compliance, operational and

technical reviews and supported automation services and systems. Managed and tracked budget preparation, audit

schedules, and staffing requirements.

Mitigated organization risks for several departments by designing and monitoring key performance indicators.

Achieved 100% Y2K compliance by serving as audit liaison, identifying and resolving systems issues

organization wide.

Key member of Board of Governor’s examination team, instrumental in completing IT examination for

Philadelphia Federal Reserve within established timeline.

Managed execution of department’s first LAN, as well as launched first automated workpaper system.

Supported Federal Reserve’s consolidated computer operations by managing plans and sharing audit resources.

Successfully planned and coordinated audit supporting Bank’s extensive art, coin and currency collections.

Built key relationships to track and manage audits of remote computers, reducing travel time and expenses.

EDUCATION

University of St. Thomas, St. Paul, MN

Master of Business Administration, Management Information Systems

Bachelor of Arts in Accounting

Institute of Internal Auditors

Certified Internal Auditor (CIA)

Information Systems Audit and Control Association

Certified Information Systems Auditor (CISA)

PROFESSIONAL AFFILIATIONS

Member, Institute of Internal

Auditors, Twin Cities Chapter

Member, Information Systems

Audit and & Control Association

Member, Financial Executives

International