Shelley Foster, CRCM, CCBIA
Senior Manager, Internal Audit and Regulatory Compliance
Shelley Foster is a senior manager in Wipfli’s risk advisory services practice, with over 20 years of financial services experience. She is responsible for leading risk-based internal audits, trust audits, regulatory compliance examinations and consulting engagements. Shelley’s experience enables her to evaluate controls within a process and provide practical recommendations to strengthen operating environments and mitigate potential risks. She also serves as a consultant to clients on their risks assessment and controls to mitigate those risks.
Certifications
- Certified Regulatory Compliance Manager
- Certified Community Bank Internal Auditor
- Loan Review Certification
Professional memberships and activities
- The Institute of Internal Auditors (IIA) – Member
- American Bankers Association (ABA) – Member
- Fiduciary & Investment Risk Management Association (FIRMA) - Member
Areas of Focus
- Risk-based internal control audits
- Internal auditor training and mentoring
- Risk assessments
- Trust audits
- Consulting engagements
Education
Western Illinois University- Bachelor of arts degree in accounting
- Loan Compliance School
- Deposit Compliance School
Recent Insights
Articles
How effective are your fiduciary risk management and internal controls?
Jun 15, 2023
You lost your internal auditor. Now what?
Sep 29, 2021
Common errors on loans that are not originated
Oct 31, 2019
Commercial Lending – Compliance Doesn’t Apply, Right?
Feb 27, 2019
Common Flood Violations – Mitigating Your Risks
Nov 04, 2018
Compliance Steps to Complete Before the End of the First Quarter – Credit Unions
Feb 27, 2018
Are Your Incentive Programs Exposing You to UDAAP Risks?
Mar 01, 2017
Taking a Look at Your Bank Secrecy Act/Anti-Money Laundering Program
Nov 01, 2016
Don't Forget About the Escrow Cancellation Requirements Effective October 3-2015
Nov 01, 2015
Due Diligence for Private ATM Owners or Operators - Credit Unions
Mar 01, 2014
Due Diligence for Private ATM Owners or Operators
Mar 01, 2014
Blogs
Changes are coming: FDIC insurance and trust accounts
Jul 06, 2022
That’s how we’ve always done it
Feb 01, 2022
Don’t regret your decisions – prepare for the compliance impact
Mar 02, 2020
Best-Laid Plans: Sometimes We All Need a Little Help
Mar 07, 2019
Avoid Replacing Your Furnace in January
May 29, 2018
