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navis group

We are a New England based banking consulting group specializing in SOX/FDICIA/COSO, strategic planning, back-office efficiencies, core & ancillary system search, business continuity tabletop testing, organizational architecture, enterprise risk management, and IT risks.

WHITE PAPER: JANUARY 2016
COSO Implementation – An Experiential View from the Trenches. pdf here


The Navis Group welcomes Peter Greene to our consulting firm family. Peter joins us after many years of experience from Union Trust and Camden National Bank and brings a rich set of skills to our company and our client base. Peter’s operations and technology background includes branch and whole-bank acquisitions. We are looking forward to being able to leverage Peter’s skills to benefit clients in the areas of tech and ops assessments, strategic planning, and systems search, decision and conversion projects.

 

Dave Sidon
David B. Sidon: Gloucester, Massachusetts
sidon@navis-group.com

 

Areas of Concentration:

• FDICIA / SOX / COSO project management

• New - for newly minted $1 billion institutions

• “refresh” – to update long-standing COSO efforts to best-practice standards

• Annual, on-going management

• Management, Board, Audit Committee education

• Strategic Planning

• Management and Board retreats

• Crafting Strategic Plan documents

• Business Continuity

• Tabletop testing scenarios

• BCP plan documentation; plans, recovery time objectives, identification of BCP risks

• Cyber security incident response

• Participating member – information security and risk committees

• Interim (part-time) officer – CFO, CRO, CIO

• Organizational Architecture – planning, succession, efficiencies

• Internal Audit – planning, scoping, organizational strategies

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The Navis Group was founded in 2003 by David Sidon, CPA. The Company is a New England based banking consulting group specializing in SOX/FDICIA/COSO, strategic planning, back-office efficiencies, core & ancillary system search, business continuity tabletop testing, organizational architecture, enterprise risk management, and IT risks.

Financial reporting controls integrity based on COSO guidance with respect to FDICIA/SOX requirements has been the key concentration for Mr. Sidon over the past half dozen years, with approximately 20 such projects completed, and with about half of those leading to the annual management of the COSO compliance effort. The COSO work has become the signature aspect of Navis’ branding and identity.

Strategic planning is another element of concentration for Mr. Sidon, annually facilitating management and Board retreats and crafting the strategic planning documents emanating from those sessions.

Mr. Sidon is also recognized in the industry for his business continuity tabletop exercises. He has conducted full-day, full-immersion business continuity exercises for many banking associations including Massachusetts, Connecticut, New York, Maryland and Kentucky. Participants have survived hurricanes, ice storms, wide-scale electrical outages, pandemics and cyber attacks. At the individual bank level, tornadoes, fires, chemical spills, electrical outages, cyber breaches and terrorist threats have been played out. The exercises are part consulting; part improv theatre.

Including freelance consulting work from 1998 to 2003, David has provided consulting services to more than 100 different institutions. The key descriptive word in that last sentence is “different”. Banks may all use checks that are rectangular in shape, but, after that, people, cultures, systems, geography, and complexity all contribute to a rich diversity institution to institution.

Personally, his credentials include a Bachelors degree in Business Administration (Merrimack College, as part of their initial co-op class), a CPA license, and a Masters degree in Finance from Bentley. After 13 tax seasons in public accounting and a brief dabble in private industry as a CFO, Mr. Sidon’s banking career commenced in 1985 as a young director at Gloucester Cooperative Bank. After starting out as the mortgage department (small bank - many hats - one man department) he eventually spent the last three years of his ten year tenure as CEO. In 1996, Mr. Sidon joined a larger commercial bank, Gloucester Bank & Trust, as CIO, running a three bank data center. After the BankNorth signs were installed on the GB&T building in 1998, his consulting career was launched; just in time for Y2K.

David managed Y2K readiness and testing projects for numerous New England banks, but also included work as far away as Guam. One of the interesting aspects of Y2K planning was that investment in banking technology was either escalated or delayed around that fateful and, as it turned out, uneventful date. System searches and implementation project management followed in the early years of the new century.

Mr. Sidon led a team that attempted to form, open and capitalize a de novo bank from late 2001 through June 2003, and although all approvals were attained, capital in the post 9/11 market recession was not adequately available.

On July 1, 2003, The Navis Group was born, soon moving into the newly emerging ERM (risk) disciplines, inclusive of technology and information security (GLBA) risks. He has assisted numerous client banks with risk programs, committee charters, risk appetite statements and risk metrics, regularly serving as a contributing member of client banks’ Risk Committees.

In addition to working with client institutions, Mr. Sidon has worked with the Massachusetts Bankers Association and Connecticut Bankers Association on various programs. For MBA, he facilitates a series of CFO forums and Risk Manager Forums. For CBA, as a faculty member of the Connecticut School for Financial Management, he instructs a risk class and serves as the driver of the financial simulation model underlying the school’s capstone resident session. For many associations, he has presented and facilitated ERM sessions and provided COSO-related education.

 

Mark E. Carron: South Orleans, Massachusetts

carron@navis-group.com


Areas of concentration:
• Core and ancillary systems:

• Search and decision

• Contract negotiation

• Conversion projects management

• Process Efficiency Analyses

• Loan operations

• Deposit operations

• Information Technology

• E-Banking

 

Mr. Carron is a lifelong banker. His career is largely defined by a thirty-four year tenure with Cape Cod Bank & Trust in South Yarmouth, Massachusetts. Starting as a teller in 1970, Mark went on to spend nine years in retail lending, followed by seven years of retail branch management, culminating in a seventeen year period as the bank’s SVP – Operations. Mr. Carron was responsible for oversight of the bank’s deposit and loan operations, information technology customer telephone center, help desk, electronic banking and thirty-nine bank facilities. Specific accomplishments at CCBT included implementations of CRM, Imaging and VoIP systems.

In 2004, upon sale of the institution, Mr. Carron entered into consulting, managing projects for Heron InterAct, Inc. and Vitex, Inc. Engagements included working with commercial banks, de novo institutions and credit unions on systems decisions, organizational architecture and a myriad of operational efficiencies / decisions. In 2006, Mr. Carron helped found the Bank of Cape Cod, serving as the bank’s initial chief operating officer, helping to decision and build the bank’s opening infrastructure, inclusive of the full set of banking policies and programs to meet all management and regulatory requirements. Mark is a past director of the Cape Cod Technology Council, served as a member of Mass. Banker’s Technology Committee, and has taught leadership classes at Cape Cod Community College.

Mark specializes in core and ancillary system searches and resulting implementation project management. He regularly assists financial institutions with retail and back-office efficiency analyses.

Peter F. Greene: Addison, Maine

greene@navis-group.com


Areas of concentration:

• Acquisitions – technology, conversions, operations, leadership and culture

• Project Management – through teamwork and effective communications

• Process Improvement – operational, regulatory, and customer-facing improvements

• Technology Planning – alignment with strategic planning, prioritization and implementation of core​ systems, software, ATMs, online/mobile banking, debt cards, check & document imaging and telephone/video systems

• Cost Control – vendor pricing negotiations, process improvement, technology utilization, staffing metrics

• Business Continuity Planning – business impact analysis, prioritization, testing and board reporting

• Vendor Management – selection, contract negotiation, problem resolution and ongoing due diligence

• Systems Selection – implementation, conversions, upgrades and leveraging functionality

• Audits/Examinations – resolving IT and Operational audit and regulatory recommendations/issues

• Team Building – through projectimplementation, people engagement, goal setting/seeking mutual purpose/benefit

 

Following his Summa Cum Lauda graduation from the University of Southern Maine School of Business in 1982, Peter Greene started his thirty-three year banking career with Union Trust Company in Ellsworth, Maine. After a short stint as a branch manager, Peter was asked to help implement the bank's first computer system in 1984. This led to a Vice President of Operations and Technology position at the age of thirty-one.

During his twenty-five years at Union Trust, Peter oversaw numerous changes such as core conversions, ATM installations, a debit card program, an online teller system, online banking, profitability systems, branch closures and a whole-bank acquisition. Peter ultimately became the SVP & Chief Administrative Officer of the bank with responsibility for information technology, operations, retail branch administration, deposit products, residential mortgage origination, human resources, facilities and security. Peter is also a 1999 graduate of the Stonier Graduate School of Banking where his thesis on check imaging feasibility saw library publication.

2008 saw the acquisition of Union Trust by Camden National Bank, where Peter became part of the executive management team and the new Head of Operations. He soon assumed responsibility for Information Technology and was promoted to the EVP of Operation and Technology. Peter had key leadership roles in important projects such as the implementation of a new online and mobile banking platform, the implementation of enterprise document imaging, the acquisition of fifteen Bank of America branches, the selection and implementation of a replicated VMware virtual server environment and the divestiture of non-strategic branches. His most recent project was as key leader in the successful acquisition of the Bank of Maine in October 2015 creating the largest bank based in Maine.

Peter's core competency can best be described as the strategic merging of people, processes and technology to achieve long-term profitability. Peter and his wife have five grown children, eight grandchildren at last count, and he works tirelessly to bring out the best in everyone.

Kevin W. Nunes: Gloucester, Massachusetts

nunes@navis-group.com

 

Areas of Concentration:

• FDICIA / SOX / COSO project management

• New - for newly minted $1 billion institutions

• “refresh” – to update long-standing COSO efforts to best-practice standards

• Annual, on-going management

• Management, Board, Audit Committee education

• Strategic Planning

• Management and Board retreats

• Crafting Strategic Plan documents

After graduating from Salem State College in 1984 with an accounting degree, Kevin joined the “Big 8” accounting firm of Arthur Andersen & Co., spending time in both the audit and tax divisions before leaving to join a division of ITT/The Hartford Group in Boston as a financial and reinsurance analyst. In 1991, Kevin joined Gloucester Bank & Trust Company (GB&T), where, along the way to becoming the bank’s CFO/Treasurer, he also ran the in-house operations center and was head of human resources. In 1996, Dave Sidon joined GB&T to develop its in-house systems processing excess capacity into a data center serving other financial institutions, beginning a long-standing association with Kevin that continues to this day.

With the absorption of GB&T by Andover Bank then TD BankNorth, Kevin ventured out into the land of entrepreneurship by co-founding with Peter Ferriero Rocky Hill Advisors, Inc. (RHA), a registered investment advisor and financial consulting firm located in Peabody, MA. In addition to its investment advisory and asset management operations for private clients, trusts and other entities, RHA has developed a highly-specialized expert witness consulting practice.

In 2001, Kevin re-connected with David Sidon to ​become part of the core management team and the initial investor group for the formation of a de novo bank – Navis Bank – on Cape Ann, the precursor to the formation of the Navis Group in 2003.

Kevin’s specific banking experience includes asset/liability management and liquidity planning, development of financial models for strategic planning and balance sheet modeling, bank regulatory compliance and investment portfolio management. As well his experience with forensic accounting and his background in audit and as a financial analyst lends itself to the work Navis Group does for its client banks, especially with respect to the FDICIA/SOX/COSO work that has become a mainstay of the practice.


RONALD C. PETERSEN: East Orleans, Massachusetts

Petersen@navis-group.com

Areas of Concentration:
• Specializing in COSO

• COSO Principles 1-5

• Tone-at-the-top

• Corporate governance and integrity

• Whistleblower provisions

• Ethical behaviors

• Ethics Policies

• Corporate Training

 

Ron has over 40 years of experience in the Corporate Ethics and Compliance world, including 17 years in key leadership positions in two Fortune 200 Companies. His key areas of expertise include integrity and ethics, fraud prevention and detection, internal investigations, internal controls, and governance.

As Executive Director for Ally Financial, Ron was responsible for creating and building the Corporate Security function when that entity (then known as GMAC) separated from General Motors. Under Ron's leadership, the corporate security function developed from one employee to a team of 19 professionals reporting to the General Counsel and the Audit Committee of the Board of Directors. Ron oversaw the expansion of the role of the team from the traditional functions of investigations and physical security to key roles in the Company's ethics and integrity programs, AML/BSA programs, and fraud prevention. He developed a training program entitled "Fraud and Ethics- The Inescapable Link", designed to educate management on the critical importance of developing a strong ethical culture and "Tone from the Top".

Ron also served as Director of Corporate Integrity Affairs for Pitney Bowes for 10 years, and was responsible for directing global security strategy and programs. He was also a key participant in the development of the Company's compliance, ethics, and workplace violence programs, and directed the security response to 9/11 and the Anthrax crisis.

He holds a BA from the University of Bridgeport and has completed graduate studies at the University of New Haven. He is active in his community of Orleans, Massachusetts as a member of the Town Historical Commission and the Community Preservation Committee. He is also a member of the Board of Directors of the Orleans Firebirds of the Cape Cod Baseball League.

 


 

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