Luke Friesen

Background

About Luke Friesen

Luke Friesen is a Director with KPMG’s Financial Services Regulatory and Compliance Risk practice. Luke has 10 years of experience in the financial services industry. Luke has experiences that include working with large, complex financial services clients to transform the compliance program and improve risk management across all lines of defense. Luke also led the delivery of enhancing an issue management program for a Risk function, executing control testing on key controls, developing operational and compliance risk assessments, and helping guide and transform compliance programs by improving testing strategies and monitoring of controls. Luke’s professional experience includes a well developed knowledge base of key financial consumer protection laws, regulations, and practices. Recently, as part of the design and launch of a national digital bank, Luke led the development and execution of a comprehensive compliance testing strategy to enable integration of regulatory functionality and ensure adherence to federal and state laws, rules and regulations. Key activities included assessing requirements, mapping, identifying configuration and control gaps, defining system integrations and data dependencies, developing testing scripts and permutations, and performing QC and testing. Additionally, he led a multi-year engagement with a top U.S. bank, focused on resolving consent order-related issues and address remediation requirements in their consumer card business. Managed team that performed control testing, provided independent validation on large volumes of account data (to confirm impacted population and remediation amounts related to SCRA and collections), and confirmed that the bank’s actions appropriately addressed regulator expectations under the consent order.