Valerie Loverro, a Senior Adviser 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 Forensic Adviser team supporting the U.S. Department of Justice (DOJ)-Appointed Independent Compliance Monitor and Auditor of Volkswagen AG – one of the largest and most high-profile corporate compliance monitorships in history. She was the lead StoneTurn auditor, partnering with attorneys and internal auditors to evaluate the design and operating effectiveness of VW’s processes and procedures to preserve information related to pending litigation such as emails and documents stored on systems, devices and external hard drives. Valerie also evaluated training for VW employees in Legal and other departments. She served as Quality Control Reviewer of the engagement team’s evaluation of the design and operating effectiveness of the Environmental Compliance Management System, including assessing the adequacy of the testing, and reasonableness of the suggested remediation measures.
Valerie also worked 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.