Tim Stokes is a Managing Director with Asurity Advisors. Tim brings with him 25 years of experience in consumer financial regulations, risk management and mitigation, and bank operations. Given his prior service in executive leadership roles at banks and financial technology companies, regulatory agencies, as well as professional service advisory firms, Tim possesses the experience that enables him to bring both tactical and strategic solutions to a wide array of client engagements.
Tim has assisted with the development and execution of remediation and settlement action plans for several large clients in response to regulatory or legal enforcement actions related to Unfair, Deceptive, or Abusive Acts or Practices (UDAAP), Section 5 of the Federal Trade Commission Act, consumer complaints, and the Servicemembers Civil Relief Act (SCRA). He also served as Chief Compliance Officer and Fair Lending Officer secondment roles for mid-size banks. Tim has assisted clients with the development and implementation of Compliance Management Systems and Operational Risk Management Programs. Additionally, he has overseen the review and testing of governance, risk, and compliance frameworks for Financial Technology companies (fintechs) to ensure their products and services, operations, and compliance practices were aligned with regulatory expectations and partner bank requirements.
Prior to consulting, Tim was the Chief Compliance Officer of a Texas based community bank and the Vice President of Operations and Compliance at a mid-size credit union. In both roles, Tim was responsible for the development and implementation of the institutions’ compliance programs, regulatory exam management and response, and day-to-day management of Compliance Department activities.
Tim also served as a Senior Regulatory Outreach Specialist with the Financial Crimes Enforcement Network (FinCEN). In his role with FinCEN, he was instrumental in the development and launch of the agency’s BSA e-filing system. He also served as the designated liaison between FinCEN and the prudential regulators’ anti-money laundering divisions.
Tim has spoken at the American Bankers Association Regulatory Compliance Conference and conducted webinars on regulatory risk assessment and risk management for the Consumer Bankers Association. Tim holds a B.S. in Organizational Psychology from the University of Houston and is a Certified Regulatory Compliance Manager.