Donald Preskenis

Executive Vice President and Chief Internal Audit Officer

Professional Overview
Donald Preskenis is an accomplished financial services executive with over 30 years of experience in internal audit, compliance, and risk management. As the Executive Vice President and Chief Internal Audit Officer at First Citizens Bank, he provides strategic leadership and oversight for the organization's comprehensive internal audit function.

Experience Summary

Current Role
In his current role, Mr. Preskenis is responsible for leading a team of audit professionals in evaluating the effectiveness of the bank's internal controls, risk management practices, and governance processes. He works closely with the Board of Directors, Audit Committee, and senior management to identify areas for improvement and ensure the organization maintains the highest standards of compliance and accountability.

Under Mr. Preskenis' leadership, the internal audit department has played a pivotal role in enhancing the bank's operational efficiency, mitigating risks, and supporting its strategic initiatives. His commitment to innovation and continuous improvement has enabled the team to leverage data analytics and advanced technologies to drive more effective audits and provide valuable business insights.

Career Progression
Prior to his current role, Mr. Preskenis held various senior audit and compliance positions at leading financial institutions, including Sovereign Bank, Mass Housing Financing Agency, and The Co-operative Bank of Concord. Throughout his career, he has demonstrated a proven track record of driving organizational transformation, fostering strong cross-functional collaboration, and delivering tangible results that positively impact the bottom line.

Academic Background
Mr. Preskenis holds a Bachelor of Science degree in Accounting from the University of Massachusetts Amherst. He is a Certified Public Accountant (CPA) and a Certified Internal Auditor (CIA), further strengthening his technical expertise and commitment to professional development.

Areas of Expertise

• Internal audit and controls

• Regulatory compliance and risk management

• Financial reporting and accounting

• Strategic planning and business transformation

• Team leadership and organizational development

Professional Impact
During his tenure at First Citizens Bank, Mr. Preskenis has played a pivotal role in implementing a comprehensive data analytics program that has enhanced the bank's ability to identify and mitigate emerging risks. He has also spearheaded the implementation of a robust enterprise risk management framework, which has contributed to the organization's overall resilience and risk posture.

Under his leadership, the internal audit department has received several industry accolades, including the prestigious "Audit Excellence Award" from the Institute of Internal Auditors, recognizing the team's innovative approaches and measurable impact on the bank's operations.

Conclusion
With his exceptional leadership skills, deep industry expertise, and commitment to continuous improvement, Donald Preskenis is a valuable asset to First Citizens Bank. His strategic vision and relentless focus on driving operational excellence have positioned the organization for long-term success in an increasingly complex and competitive financial services landscape.