A. Michael Smith's appointment as Senior Vice President and Chief Audit Executive at Peapack Private Bank & Trust marks a significant step forward for the institution's internal audit function. With a career spanning over three decades in auditing, risk management, and technology, Smith's leadership is expected to drive innovation and excellence within the bank. His previous role as Chief Audit Executive at Nasdaq, where he developed a world-class internal audit function and utilized advanced technologies, showcases his ability to manage complex financial landscapes.
Smith's expertise is not limited to traditional auditing practices. His authorship of 'Internal Audit of the Future: The Impact of Technology Innovation' and his U.S. patent for a novel approach to auditing crypto assets highlight his forward-thinking approach to the evolving challenges in the financial sector. This appointment is crucial for Peapack Private Bank & Trust as it seeks to strengthen its internal audit function amidst rapid technological advancements and increasing regulatory demands.
The implications of Smith's appointment extend beyond the bank's internal operations. His track record of transforming internal audit functions through emerging technologies and innovation positions Peapack Private Bank & Trust as a leader in adopting best practices in financial services. For clients and stakeholders, this means enhanced trust and confidence in the bank's ability to safeguard assets and manage risks effectively. In an industry where trust and security are paramount, Smith's leadership could set a new benchmark for internal audit standards.
Smith's educational background and professional certifications, including being a Certified Public Accountant (CPA), a Certified Information Systems Auditor (CISA), and a Certified Information Systems Security Professional (CISSP), further validate his qualifications for this pivotal role. His appointment is a clear indication of Peapack Private Bank & Trust's commitment to maintaining high standards of governance, risk management, and compliance. As the financial landscape continues to evolve, the bank's investment in top-tier talent like Smith underscores its dedication to innovation and excellence in serving its clients.
