Shelley Foster, CRCM, CCBIA
Senior Manager, Internal Audit and Regulatory Compliance
Shelley Foster is a senior manager in Wipfli’s financial institutions practice, with more than 18 years of banking experience. She is responsible for leading risk-based internal audits and regulatory compliance examinations. 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 assists clients with managing their regulatory compliance programs, including the Bank Secrecy Act (BSA), and preparing for regulatory examinations.
Certifications
- Certified Regulatory Compliance Manager
- Certified Community Bank Internal Auditor
- Loan Review Certification
Professional Memberships and Activities
- The Institute of Internal Auditors (IIA) - Member
Services
Audit and AccountingAreas of Focus
- Internal audit examinations
- Internal auditor training
- Loan and deposit compliance examinations
- Fair lending reviews
- BSA compliance exams
- Internal control risk assessments
- Home Mortgage Disclosure Act (HMDA) data integrity reviews and scrubs
Education
Western Illinois University- Bachelor of arts degree in accounting
- Loan Compliance School
- Deposit Compliance School
Recent Insights
Articles
Is your compliance management system effective?
Nov 02, 2020
Common errors on loans that are not originated
Oct 31, 2019
Commercial Lending – Compliance Doesn’t Apply, Right?
Feb 27, 2019
Business Lending – Compliance Doesn’t Apply, Right?
Feb 26, 2019
Common Flood Violations – Mitigating Your Risks
Nov 04, 2018
Common Flood Violations – Mitigating Your Risks
Nov 04, 2018
Compliance Steps to Complete Before the End of the First Quarter
Feb 27, 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
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
