Kay Toscano

Prior to joining Ankura, Kay worked on risk based regulatory compliance consulting projects on a contract basis for various firms and financial institutions. Her work includes outsourced CMS program administration, BSA/AML/OFAC independent audits, model validation, CRA assessments, fair lending reviews, and a variety of regulatory and consumer compliance audit and monitoring functions.

Kay previously worked at Continuity (acquired by Mitratech) where she became a director of regulatory compliance and oversaw professional services. She performed special projects/engagements with Continuity clients including acting as an outsourced compliance and risk officer. Kay was a member of the regulatory operations center (ROC) team working specifically on regulatory content for the CMS platform. In addition, she assisted with the development and testing of the risk management module including the expansion of key risk indicators and risk assessment models.

Prior to that, Kay was SVP of regulatory and consumer compliance (senior compliance officer, BSA/AML/fraud officer) at Meridian Bank. She was responsible for the overall regulatory compliance health of the financial institution. She developed a strong CMS program to ensure compliance with applicable laws, regulations, and rules that govern the financial institution’s operations and product offerings. She worked closely with peers in the management of third-party risk including review of due diligence materials, assessing risks presented by third-party relationships, and ensuring third-party maintains compliance with various federal and state regulations. She served as liaison between internal, external counsel and various regulatory and law enforcement agencies to prepare regulatory and status reports to update the board of directors and other internal stakeholders.