Lynette Klemm serves as the Senior Vice President and Director of Audit at Peoples Bank, where she leverages over 35 years of extensive experience in the banking and financial services industry to drive robust internal audit strategies and enhance risk management frameworks. In her current...
Lynette Klemm serves as the Senior Vice President and Director of Audit at Peoples Bank, where she leverages over 35 years of extensive experience in the banking and financial services industry to drive robust internal audit strategies and enhance risk management frameworks. In her current role, Lynette is instrumental in overseeing the bank's internal audit function, ensuring compliance with regulatory standards such as Sarbanes-Oxley and FDICIA, and implementing the COSO framework to fortify the organization's internal controls. Her expertise in fraud investigations and risk management allows her to identify vulnerabilities and develop proactive measures to mitigate potential threats, safeguarding the bank's assets and reputation.
Lynette is currently leading several key projects aimed at optimizing business processes and enhancing operational efficiency within the organization. By employing her skills in business process analysis and improvement, she has successfully spearheaded initiatives that streamline audit procedures and elevate compliance standards across various departments. Her leadership in mergers and acquisitions (M&A) has also been pivotal, as she navigates the complexities of integrating new entities while ensuring adherence to GAAP and other regulatory requirements.
A certified professional with a strong foundation in risk-based testing, Lynette is dedicated to fostering a culture of transparency and accountability at Peoples Bank. Her commitment to continuous improvement and her strategic vision have positioned her as a trusted advisor within the organization, making significant contributions to its overall governance and risk management landscape. Through her efforts, Lynette not only enhances the bank's operational resilience but also reinforces its commitment to ethical practices and regulatory compliance in an ever-evolving financial environment.
