Thomas R. Strause
Thomas R. Strause, MBA, CIA, CFE, CBA, CFSA, CISA, CICA
Tom serves as a Partner of Financial Outsourcing Solutions, with over 30 years of experience in the financial institution industry, spending 100% of his time providing these services to financial institutions. Tom earned his Bachelor of Arts degree in Accounting from Albright College and his Masters in Business Administration from St. Joseph’s University. His professional background includes experience with management and administration, strategic planning, financial analysis, asset management, systems and automation, financial services, business development, process improvement, profit generation, cost reduction, policy formulation, and project management from an internal audit perspective.
Tom held various internal audit positions at Sovereign Bank, Summit Bancorporation, and York Financial Corp. and, as a result, has a solid background in compliance auditing skills, development of audit procedures for all bank functions, and the implementation of both FDICIA and Sarbanes Oxley audit requirements. He is a recognized speaker on internal audit and compliance topics for the Pennsylvania Association of Community Bankers, Institute of Internal Auditors, and other financial institutions. In addition, he has provided training in various compliance areas for community banks.
In addition to being a Certified Internal Auditor (CIA), Tom is also a Certified Fraud Examiner (CFE), a Certified Bank Auditor (CBA), a Certified Financial Services Auditor (CFSA), and a Certified Information Systems Auditor (CISA). He is a member of the Association of Certified Fraud Examiners and Information Systems Audit and Control Association. Tom is also a member of the Institute of Internal Auditors, having served as president, vice president, and as a board member.
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