Protiviti Contact

Protiviti Contact

Frederick Magliozzi

Managing Director

PROFESSIONAL EXPERIENCE

Rick is a Managing Director in our Financial Services Practice and founding member of Protiviti. He is a CPA, MBA and CRMA. Rick is a Financial and Management Executive with extensive experience in providing professional accounting, audit and consulting services to corporate clients and their owners in the financial services industry. He is a Leader in our Financial Services Industry (FSI) Practice. He has led the SOX and Internal Audit (IA) FSI Practice in the East region and has acted as the lead professional on many of our firm’s largest IA and SOX engagements. Rick is a member of the Board of Governors for the NY Chapter of the IIA and Executive Committee of SIFMA IAS.

He has acted as the Regional SOX champion for the East region of Protiviti and was part of our National team which develops strategy and rollout of tools, training and techniques for improving efficiency in the SOX process for Public Companies. He has experience in middle market/entrepreneurial enterprises together with significant large multinational corporate experience. He has worked with public company FSI firms (asset management, banking, broker/dealers) of varying sizes and complexities. He is experienced in IA, SOX, corporate governance, and due diligence assignments. He is a frequent speaker at IA, SOX training sessions, Professional Associations, Conferences, Roundtables and authored articles on IA, SOX and related corporate governance topics. Prior to joining Protiviti, Rick was with Andersen’s Financial Services Industry Audit and Business Advisory Practice.

MAJOR PROJECTS

  • Assisted clients with the successful implementation of Sarbanes Oxley Act compliance and ongoing efforts. Acted as IA and SOX advisor to Steering Committees and presented to Audit Committees and Board of Directors. He has assisted clients with their IA/SOX remediation efforts.
  • Acted as IA full outsourcing provider to various financial institutions and been an advisor to Audit Committees.
  • Managed SOX, audit, business advisory and consulting engagements of both public and private corporations (including Fortune 500 companies) for clients of differing size and complexity with interests in the financial services industry.
  • Worked with companies in Pre-IPO stage advising and assisting clients in their efforts to becoming SOX compliant and initiating an IA function as required by NYSE.
  • Planned audit approach and implemented procedures for engagements. Evaluated controls for operational and accounting systems. Identified potential risk areas and developed Risk Assessments and Audit plans for certain Financial Institution clients.
  • Advised, prepared and delivered presentations to Audit Committees / BOD’s, Professional Associations and regulators. Areas covered included audit plans, SOX strategy and audit/investigation results to name a few.
  • Assisted clients with solving accounting, regulatory and business issues. Provided clients with recommendations for improvement on financial and operating controls.
  • Assisted Legal Counsel with large forensic investigations and with GAAP, GAAS related issues as well as AML and Escheatment issues.
  • Advised and audited many domestic, foreign banking institutions, asset managers, real estate entities and broker/dealers.

Areas of Expertise

  • Finance and Accounting

  • Internal Audit

  • SOX

Industry Expertise

  • Financial Services

Education

  • M.B.A. – Finance, Rider University

  • B.A. in Accounting/Economics, Rutgers University

Professional Memberships and Certifications

  • Certified Public Accountant (CPA)

  • Member, American Institute of CPAs

  • Member, New Jersey Society of CPAs

  • IIA CRMA Certification

  • Member, Global Association of Risk Professionals (GARP)

  • Member, Professional Risk Managers Association (PRMIA)

  • Member of Board of Governors of the NY Chapter of the IIA

  • Member Executive Committee of SIFMA IAS