CPA, CFE, CAMS, CERP Managing Director at The Mercadien Group, Principal at Mercadien P.C., Certified Public Accountants
Joseph Galdo is a Managing Director with Mercadien, P.C., Certified Public Accountants, and a member of the firm’s Financial Institutions Services Group, where he is responsible for overseeing the Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) team through the completion of internal audits, validations, and consulting projects for community and commercial bank clients.
Mr. Galdo acts as a key management resource through regulatory examinations and audit engagements, addressing questions and areas of high risk and concern. He also supervises the documentation of clients’ BSA department procedures to identify gaps and limitations while improving their processes and reporting for monitoring of transactions and preparation of suspicious activity and other reports. Further, Mr. Galdo participates in validations of BSA/AML monitoring software to ensure data is interfacing appropriately from core to system and performs restructuring assessments of BSA departments through staffing analyses and training, mainly on high-risk relationship reviews and process enhancements. He also conducts BSA look-backs and alert optimizations, as well as handles implementation and enhancements of customer risk rating models.
In addition, Joe works closely with Mercadien’s Forensic and Litigation Support practice in matters such as forensic accounting and internal investigations, fraud detection, bankruptcy and reorganization, and civil and criminal litigation support, including economic damages assessments and other dispute consulting areas. His unique background enables him to develop a multi-faceted and comprehensive, yet focused approach to engagements, thereby providing increased value to clients. He has also presented seminars and authored articles on industry and financial topics relevant to clients and professional organizations.
Joe resides with his wife and children in Philadelphia, PA.
Financial Institutions face a unique set of challenges and responsibilities, especially within their Bank Secrecy Act (BSA) departments. An institution’s BSA/AML staff is the first line of compliance for AML and counter-terrorism financing regulations. This group of all-too-often unheralded compliance heroes can include a variety of roles, including case analysts responsible for reviewing transactions/alerts flagged…Read More
Mercadien’s Financial Institutions Services Group hosted a complimentary webinar “Why You Should Validate Your CECL Model” Thursday May 12, 2022 from 1-2:30 PM. Presenters Joseph Galdo, CPA, CAMS, CFE, CERP, Director & David Healey, Supervisor reviewed the CECL readiness and model validation process, as well as considerations and best practices relating to CECL. During the webinar,…Read More