DENIS ASARE, MBA, CFE, CIA, CCSA
Morrisville, NC 27560
(919) 395-0214(C) firstname.lastname@example.org (919) 399-3496(H)
INTERNAL AUDIT & ENTERPRISE RISK MANAGEMENT PROFESSIONAL
A seasoned risk management and internal audit professional with Lean Six Sigma focus and demonstrated
accomplishments leading organizations to implement and sustain enterprise-wide risk management, internal control and
governance framework, as well as sound process improvement initiatives. A mentor and educator thriving in
environments requiring high level strategist and a big picture thinker. A results oriented manager with proven ability to
execute and implement innovative strategies, as well as manage multiple tasks effectively.
Accomplished Internal Audit & Risk Management Professional • Lean Six Sigma Trained
Team Development and Training • Leader & Team Player • Global Perspective • Quality Driven
Excellent Written and Oral Communication Skills • Productivity and Performance Improvement Focused
Strong Accounting/Finance with SOX, SAS 70 & Model Audit Rule Attestation and Compliance Experience
Thorough understanding of USGAAP, COSO Framework, Sarbanes-Oxley and SAS70 review requirements
Blue Cross Blue Shield of North Carolina Durham, NC. 2006 – 2011
Manager, Business Process Audit & Risk Management
Successfully led a team of 6 auditors to execute multiple financial and operational audits (included audit planning,
oversight of audit staff and processes, communication of audit issues to management, review of audit workpapers and
reports, follow-up on audit issues, partnering with management to design optimal mitigation strategies to address
identified issues and then escalating performance issues to Senior Leadership Team).
Led audit engagements covering financial, operational and compliance processes by reviewing/approving audit
programs, control evaluation, audit testing, report drafting, audit issues tracking and follow-up, verification of issues
closure, as well as ensuring audits were completed timely and within budget.
Led team to develop and implement financial and operational Risk Management Framework, ensuring alignment with
corporate strategy and collaborated with business partners to balance their business strategy with appropriate risk
management control and risk mitigation strategies.
Initiated, developed, and facilitated risk assessment methodology currently utilized to formulate annual audit plans
and incorporate enterprise-wide perspective of present and emerging risks.
Interacted and collaborated with regulatory agencies, such as North Carolina Department of Insurance to manage risk
and communicated Corporate Audit’s mission, goals, and strategies within the company.
Guided cross-functional teams to re-engineer key processes using narratives and flowcharts, and supported the
effectiveness of business area risk management programs through appropriate behaviors and actions.
Evaluated the effectiveness of the governance processes, risk appetite and mitigation strategies, policies and
procedures and served as risk management educator by giving several presentations to influence the risk culture that
every employee was a risk manager.
Developed and led management to implement several occupational fraud and abuse programs, such as mandatory
fraud awareness education, and fraud prevention and detection techniques, and presented to key staff, management
and senior leadership team on healthcare fraud and abuse.
Partnered with management to establish and monitor key performance indicators (KPI), analyzed and identified
process improvement opportunities, and guided managers to implement the appropriate risk mitigation strategies.
Led a cross-functional team to re-engineer the Federal Employees claims payment process, resulting in 40% reduction
in duplicate payments.
Implemented a due diligence program ensuring speedy identification of overpayments and effective recoveries such as
the Medicare Coordination of Benefits audit where $6,800,000 in overpayments was identified and $4,900,000 was
Trained and coached key staff personnel on Lean Six Sigma Concepts and consulted on process improvement
Jefferson Wells International Atlanta, GA 2003 – 2006
Risk & Controls Consultant - Worked on numerous Sarbanes-Oxley (SOX 302 / 404) projects for clients, such as
General Motors, Georgia Power and Infinity Insurance. Projects included process documentation, identification of key
controls, testing, deficiency evaluation and partnering with management to implement mitigation plans, as well as
oversight and monitoring of standard document retention practices. Conducted Deficiency Review Sessions, developed
and/or reviewed process narratives and flow charts for completeness and accuracy. Reviewed application security/access
rights to identify process gaps and opportunities for improvement. Worked with unit managers to design/re-engineer
processes and provided ongoing coaching and counseling to client staff.
IBM Corporation Armonk, NY 1984 – 2002
Promoted through series of increasingly responsible positions based on demonstrated leadership, teamwork and
individual accomplishments (Internal Auditing & Process Improvement – 7 years; Risk Management – 7 years; Financial
Analysis & Planning – 6 years).
IBM Sales and Marketing - Senior Business Controls and Risk Advisor 2001 – 2002
Led a cross-functional team to re-engineer processes, transforming the unsatisfactory audit posture of the Business
Partner Operations to satisfactory in six months. Identified and flow-charted end-to-end processes, performed process
risk analysis to identify gaps and deficiencies, evaluated and tested controls, then recommended mitigation plans and
provided training. This resulted in a documented, well-defined process that specified roles and responsibilities,
leading to organizational realignments, cycle time reduction and restored the business unit to an audit-ready posture.
Developed and directed a Quality Assurance initiative reducing the number of customer complaints in the Business
Partner Special Bid Program that allowed fraud and abuse to occur. Performed root cause analysis and identified the
areas of concentration of customer complaints. Partnered with Program Director to design and implement corrective
actions, such as separation of duties and continuous monitoring. This resulted in a 56% cycle time reduction of the
special bid process, 18% increase in customer satisfaction index, and 25% revenue increase over prior year.
IBM Global Services - Lead Financial Planner for a $30B IBM Division 1997 – 1999
Analyzed monthly results, produced income statements, revised revenue and expense forecasts and provided timely
measurement reports to line managers. Executed initiative to exceed corporate expense reduction challenge by 10%.
IBM Global Fincaning - Advisory/Lead Credit Analyst 1995 – 1997
Led a team to prepare credit write ups, made financing decisions based on analysis of financial statements, tax returns,
D&B reports, etc. and evaluated the adequacy of collateral used to support credit lines.
IBM Global Financing - Accounts Receivable Program Manager & Collateral Controls Manager 1990 – 1995
Pioneered the Asset Based Lending Program at IGF; developed audit programs to evaluate the adequacy of collateral
used to support credit lines by performing due diligence procedures at client facilities. Procedures included collateral
(accounts receivable and inventory) valuation, evaluation of internal control system, and managerial control reviews.
Initiated and executed the first asset securitization at IBM (Global Financing).
Benchmarked IBM accounts receivable process and identified billing as root cause of high ‘days sales outstanding’
(DSO). Stream-lined the billing process. Result: DSO reduced from 95 to 65 days within one year.
IBM Lead Internal Auditor 1987-1990/1999 – 2001
Developed/reviewed audit programs, work papers and draft reports of auditors. Led teams to perform financial,
operational and compliance audits in all IBM business units, including foreign operations. Key audits included the
IBM US Accounts Payable process where over $2M duplicate payments were uncovered, resulting in $1.8M
recoveries. Selected twice to establish new audit functions for the IBM US West Coast and Asia Pacific operations.
Master of Business Administration (Finance and Economics)
New York University Stern School of Business, New York, NY
Bachelor of Science (Accounting Major), University of Ghana
Lean Six Sigma Certified (Green Belt)
Certified Fraud Examiner • Certified Internal Auditor • Certified in Control Self-Assessment