Valerie Loverro, a Managing Director with StoneTurn, has more than 25 years of experience in forensic investigations, and compliance controls and monitoring. Working primarily with large financial services firms, she focuses on internal audit, fraud risk assessment processes, post-investigation root cause analyses, and proactive antifraud controls and programs.
Most recently, Valerie worked as part of the Independent Compliance Monitor and Auditor team appointed by the Department of Justice (DOJ) of a Fortune 10 automaker and as part of the DOJ-appointed Independent Compliance and Business Ethics Monitor team for a top 10 global investment bank. In addition, she analyzed and tested key internal controls for a Big 3 credit rating agency as part of an SEC-appointed Independent Consultant team focused on the rating methodology for U.S. residential mortgage-backed securities. Valerie also assisted a financial institution with implementing its Sarbanes-Oxley (SOX) compliance program and recommended improvements to its internal control structure.
Prior to joining StoneTurn, Valerie was with TIAA, where she held multiple roles, including Senior Manager, Forensic and Special Audits, and Manager in the Internal Audit Division. She served as Chairperson of TIAA’s Special Investigations Unit, which focused on insurance-related fraud prevention, detection and awareness activities. She was also the point-person for fraud allegations and investigations across the firm for almost 10 years before helping to launch the Forensic and Special Audit team with reviews of: unauthorized customer account withdrawals, fraudulent disbursements (e.g., vendor billing schemes, expense reimbursement schemes, check tampering), sales data manipulation and internal controls for potential rogue trading, among others. Valerie began her career as a Senior Auditor with Ernst and Young.
Valerie is a Certified Public Accountant (licensed in the state of New York), a Certified Fraud Examiner and holds a Certification in Risk Management Assurance.