Kenneth W. Proctor

Mr. Proctor is Managing Director of Cornerstone Advisor’s Risk Management practice. During his 36 year professional banking and consulting career, Ken has served as an internal consultant with a major regional bank, held responsible management positions in the auditing departments of two southeastern regional commercial banks, and worked as a public accountant. He created the Risk Management Practice areas for Brintech, Inc. and Sheshunoff Management Services, during his tenure with those firms. He has also served as a senior consultant with two international risk management-consulting firms.

Ken’s broad financial institution management consulting experience includes:

• Performing risk assessment studies at over 450 financial institutions in the U.S., Latin America and Asia on behalf of financial institutions, insurance brokers or insurance underwriters at Lloyd’s of London and others;
• Managing compliance with regulatory enforcement actions, such as Cease and Desist Orders, Written Agreements and Memorandums of Understanding for a number of U.S. financial institutions;
• Preparing bank-wide and IT assessments of risk and controls to meet Sarbanes-Oxley Section 404 compliance requirements at banks ranging in assets from $1 to $65 billion;
• Performing profitability and operational process improvement reviews;
• Assessing Board and management processes and organizational structures, including lending and credit administration;
• Developing strategic business and technology plans for financial institutions;
• Completing reviews of credit quality and preparing loan risk mitigation and workout plans;
• Selecting and implementing banking core processing and other technology systems and managing conversions;
• Designing, implementing and testing business continuity plans.

Mr. Proctor’s most recent experience includes managing the efforts of four financial institutions to comply with regulatory enforcement actions, including Consent Agreements and Written Agreements. Additionally, he has completed BSA/Anti-Money Laundering compliance assessment, GLBA 501b information security reviews and IT audits for a number of U.S. financial institutions.

Ken holds a Bachelor of Business Administration and is a Certified Public Accountant and a Certified Bank Auditor. He is a professional member of the Institute of Internal Auditors.

Ken is a frequent speaker for financial institution industry conferences and seminars, including those sponsored by the American Bankers Association, Bank Administration Institute, Federal Home Loan Bank Board, FDIC, and the National Association of Federal Credit Unions. In addition, he has delivered workshops and presentations for numerous State Banking and Community Banking Associations, including Alabama, Georgia, Illinois, Indiana, Ohio, Texas, Virginia, West Virginia, Michigan, Wisconsin, Iowa, Wyoming, New York, New Jersey, Massachusetts, Arkansas and Louisiana, for technology vendors, including FISERV and international banking associations, including the Federation of Latin American Banks (FELABAN), the Central Bank of Paraguay and ASOBANCARIA – the Banking Association of Colombia. For the past eight years, he has served on the faculty of the Louisiana State University Graduate School of Banking program, instructing in risk management. He has also served as an instructor on risk management and other topics for the LSU sponsored Professional Masters of Banking program and on retail banking and lending topics for BAI and the BAI Graduate School of Retail Banking.

He has authored articles on risk management for various industry publications and state banking associations. He is co-author of a Technology Planning Guide for Bank CEOs, published by the American Bankers Association; and the Bank Internal Audit Manual, published by Alex Information Services.

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