Scott E. Cohen | KPMG | US
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Scott E. Cohen

Managing Director

KPMG in the U.S.

I have over 30 years of risk and management consulting and industry experience related to transformational activities, information technology and controls and process related work covering a wide range of disciplines in the financial services industry. My experience includes an in-depth knowledge of the process and associated risks within financial operations, information technology, regulatory compliance and systems development. I have deep experience in successfully leading large projects and has a tested record of leading project teams that produce high quality on time deliverables.

Engagement Experience

  • I led the transformation of the finance function for a top 50 bank which included a review of recommendations for optimizing all functions within Finance.
  • I led the operational project management office workstream for the assessment, design and implementation of the revenue recognition standard for a multinational travel services/credit card/bank holding company.
  • I led the review of enterprise-wide finance function activities to evaluate the roles and responsibilities, organizational structures and control environment to identify opportunities for performance optimization, through redeployment of work, repackaging of roles, centralization of activities and the use of robotic process automation for a stock exchange.
  • I led the Systems, Data, Process, and Controls work stream for IFRS conversion projects for multi-national organizations. This included developing the data and system requirements to meet the IFRS reporting standards.
  • I led the transformation of the balance sheet oversight/monthly close process for an international securities firm which provided a structured risk based approach to monitor balance sheet entries which enabled management to perform additional value added tasks.
  • I led the transformation of the manual general ledger posting process for a U.S. based branch banking network by developing an automated solution which improved the accuracy and efficiency of the process.
  • I led the project team that rationalized the Legal Entity structure of a newly formed bank holding company. The Legal Entity structure was optimized across regulatory; tax, capital, customer, and operational considerations. The project also includes the developing of the overall Governance Framework which involved the process for adding, merging, dissolving entities and for the ongoing maintenance of the Legal Entity Structure.
  • I developed the Model Validation policy for a large Investment Bank which included defining the process around Model Validation and the related Governance Structure.
  • I directed and provided strategic guidance for a number of bank holding company’s and Financial Institutions end user computing strategies. This included developing the policy, governance structure, control standards, implementation approach, and training to manage the risks associated with end user computing.
  • I was responsible for developing, implementing and overseeing the execution of fortune 500 companies Sarbanes-Oxley Compliance program and communicating that strategy throughout the organization. This includes presenting status/results to the Audit Committee of the Board of Directors on a quarterly basis and evaluating financial and information technology control deficiencies for financial statement impact and presented the results to the Chairman, Chief Financial Officer, as support for their annual SOX 404 sign-off.
  • I led a global project team of 17 professionals to support a financial services organization with Sarbanes-Oxley 404 preparedness and compliance.
  • I led a project that optimized the financial control structure for the Financial Reporting function for a multinational travel services/credit card/bank holding company.
  • I led an independent assessment of a Fortune 500 financial institution’s enterprise-wide compliance with Sections 516, 521, 527, 532, and 533 of the Servicemembers’ Civil Relief Act (SCRA). Managing a team of over 70 professionals across multiple lines of business and service providers including credit card, financial services, auto finance, consumer lines and loans, mortgage, and home equity to assess protections and benefits for servicemembers. In addition, presented findings to the Department of Justice (DOJ) and the Office of Comptrollers Currency (OCC).
  • I led a cross functional team that supported the Servicemember Civil Relief Act (SCRA) lookback review for a regional bank’s mortgage servicing business.

Education and qualifications

  • MBA, Fairleigh Dickinson

  • BBA, Temple University


  • Certified Internal Auditor

  • Certified Financial Services Auditor

  • Certified in the Governance of Enterprise IT

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