Kay Toscano is a Director at Ankura and is a compliance, risk management, and audit professional with extensive experience in the financial services and fintech sectors. She has a significant understanding of key banking processes, associated risks, and remediation procedures and sound ability in audit and internal control management. Kay is a change agent and collaborative team leader with the ability to solve problems and communicate with stakeholders at all levels. Prior to joining Ankura, she worked on risk based regulatory compliance consulting projects on a contract basis for various firms and financial institutions. Her work includes outsourced CMS-GRC program administration, ACH reviews and risk assessments, BSA/AML/OFAC independent audits, model validation, CRA assessments, fair lending reviews, and various regulatory and consumer compliance audit and monitoring functions. She is specifically adept at Third-Party Risk Management.
Kay has over 30 years of experience and has served in a variety of executive and consulting roles in the financial services and fintech sectors. She has provided compliance and regulatory-based consulting and training to financial institutions and fintechs ranging in size from denovo and start-ups to multi-billion-dollar super-regional financial institutions. In the financial services sector, Kay has served as Senior Vice President/Compliance, Senior Compliance Officer, Fair Lending Officer, CRA Officer, Senior Risk Manager, Compliance Officer, and Bank Secrecy Act/Anti-Money Laundering Officer.
Kay is a Certified Regulatory Compliance Manager (CRCM) and a Certified Anti-Money Laundering and Fraud Professional (CAFP) through the American Bankers Association.
Recent Experience:
Kay worked at a Regtech (SaaS) as a director of regulatory compliance and oversaw professional services. She performed special projects/engagements with clients including acting as an outsourced compliance and risk officer. Kay was a member of the regulatory operations center team working specifically on regulatory content for the CMS platform. In addition, she assisted with the development and testing of the risk management module including the expansion of key risk indicators and risk assessment models.
Kay served as the SVP of regulatory and consumer compliance (senior compliance officer, BSA/AML/fraud officer) at a $2.7 Billion financial institution. Kay was responsible for the overall regulatory compliance health of the financial institution and successfully moved the company out of a BSA/AML Enforcement Action. She developed a strong CMS and GRC program to ensure compliance with applicable laws, regulations, and rules that govern the financial institution’s operations and product offerings. She worked closely with peers in the management of third-party risk including review of due diligence materials, assessing risks presented by third-party relationships, and ensuring third-party maintains compliance with various federal and state regulations. She served as the primary liaison between internal, external counsel and various regulatory and law enforcement agencies.
/Passle/602651b953548812c0fa5fe2/MediaLibrary/Images/2024-08-22-14-09-10-876-66c74686eb4d27e28017f1da.jpg)
/Passle/602651b953548812c0fa5fe2/MediaLibrary/Images/62c5af0bf636e91878b0b295/2023-10-25-15-26-16-666-653933986b54110daf1630dd.jpg)
