MBAF Expands Regulatory Risk Solutions Practice with Addition of Adam Ingles

Top Quote New Director Enhances Firm's Enterprise Risk Management Offering, With Focus On Bank Secrecy Act/Anti-Money Laundering Compliance and Model Risk Management. End Quote
  • (1888PressRelease) April 23, 2016 - MIAMI - Adam Ingles has joined nationally recognized public accounting firm MBAF as a director and will lead the firm's Regulatory Risk Solutions Group. The announcement was made by Tony Argiz, Chairman and CEO of MBAF.

    Ingles will lead the Regulatory Risk Solutions Group at MBAF, primarily focusing on assisting clients in the areas of regulatory examination/enforcement matters, Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance, and model risk management. Ingles will leverage his experience on complex, large bank projects to provide scalable solutions to MBAF clients that are both cost-effective and high value.

    "Adam's background in regulatory risk and compliance and deep knowledge of the latest issues affecting the banking industry positions MBAF as the go-to for financial institutions seeking a high quality provider," said Frank Gonzalez, managing principal of MBAF's Miami office and head of the firm's Financial Institutions and SEC practices. "He is an excellent addition to our talented team of professionals, having successfully leveraged his large, complex bank experiences into scalable, risk-appropriate, and cost-effective solutions for clients of all sizes. We look forward to having him be an added resource for our existing and prospective clients."

    Ingles brings more than 15 years of experience in the financial services industry working with large global, national, regional banks, and community banks. He has extensive experience helping financial institutions prepare for, respond to, and remediate enforcement action requirements from regulatory examinations, including both audit/assessment and solution design/implementation. His background covers a broad spectrum of enterprise risk management (ERM) primarily focused on the areas of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance and model risk management. He is also deeply knowledgeable of Allowance for Loan/Lease (ALLL) Models, ranging from independent model validation, model optimization or redesign, FASB 114 impairment analyses, and TDR PV cash flow estimates for ALLL purposes.

    He is a highly regarded practitioner, having worked with numerous top-100 banks and several top-10 banks including in several of the more notorious remediation cases in BSA/AML enforcement history. Ingles unique experience in both regulatory compliance and credit risk has positioned him to have successfully assisted clients with overall model risk management governance, an increasing area of scrutiny by regulators. During the onset and aftermath of the financial crisis, he also focused on credit risk management, asset quality strategies, anMBAF is ranked nationally as a Top 40 accounting and advisory firm by Accounting Today, and named one of the 2014 Top Five Best of the Best firms in the country by INSIDE Public Accounting, chosen for demonstrating long-term consistency and exceptional performance, regardless of outside factors. MBAF has more than 500 highly qualified principals and employees that serve domestic and international clients across a broad range of industries and practices in more than 44 countries and all 50 states. Its offices are located in the U.S. in Baltimore, Boca Raton, Boulder, Coral Gables, Fort Lauderdale, Las Vegas, Miami, Naples, New York, Orlando, Palm Beach, and Valhalla (Westchester, NY), as well as India.

    About MBAF
    MBAF is ranked nationally as a Top 40 accounting and advisory firm by Accounting Today, and named one of the 2014 Top Five Best of the Best firms in the country by INSIDE Public Accounting, chosen for demonstrating long-term consistency and exceptional performance, regardless of outside factors. MBAF has more than 500 highly qualified principals and employees that serve domestic and international clients across a broad range of industries and practices in more than 44 countries and all 50 states. Its offices are located in the U.S. in Baltimore, Boca Raton, Boulder, Coral Gables, Fort Lauderdale, Las Vegas, Miami, Naples, New York, Orlando, Palm Beach, and Valhalla (Westchester, NY), as well as India.

    ###
space
space