Internal Audit Subject Matter Resource Client needed to develop an audit plan and execute the cycle audit with skilled resources. Challenges y Client lacked resources and expertise with complex hedging, cash flow capacity analysis, daily MBS hedge process, overnight index Swap curve impact on hedging and hedge effectiveness testing Solutions y Our SME developed and supervised a risk- based audit approach y Incorporated elements of Six Sigma per Client’s process requirements y Aided in presentations to senior audit management in risk assessment and testing tollgates y Clearly communicated a final report to key stakeholders in management and audit areas, exceeding Client expectations and deadlines Impact y Completed the cycle audit as well as the SOX testing for the cas

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