Mr. Reynolds, MBA, CIA, CRMA, FICB, recently retired after an extensive 37-year career with CIBC, which saw him in senior roles, within both the internal audit department, as well as roles in large corporate and commercial lending, credit risk management, lending operations, and process management. During this time, he worked with many mid-market and large corporate fashion and consumer product brands covering retail, manufacturing and international distribution.
For the last 10 years, as vice-president for the national office of CIBC’s internal audit department, Mr. Reynolds’s responsibilities included leadership of a team of internal audit professionals with accountability for the development and implementation of audit methodologies, audit quality assurance, use of specialized data analytics, and all training and development required for a department of 150 internal auditors. Accountabilities including ensuring that internal audit work met the extensive requirements and regulations of the various bank regulators, the international internal audit practice standards, and the external auditors’ reliance expectations. In addition, Mr. Reynolds had extensive involvement with various business committees, to assist business management with identification and resolution of potential governance, compliance, and business risks.
Since 2010, Mr. Reynolds has also been a board member of the Canadian Auditing and Assurance Standards Board (AASB). AASB’s mission is to serve the public interest by setting high-quality standards and guidance that enable the public accounting profession to provide effective auditing, other assurance and related services.