Senior Vice President and Chief Auditor U.S.
Gail Palac is Senior Vice President and Chief Auditor U.S. She is responsible for providing audit advice and counsel to the CEO of BMO Financial Corp and the Board of Directors, driving positive change across the US organization. Palac provides executive leadership to the staff of audit professionals, identifying insights into current, emerging and potential issues, trends, and opportunities that will enhance efficiency and effectiveness of control processes. She also liaises extensively with external regulators, ensuring the audit organization meets increasing regulatory expectations.
Palac's career includes more than 24 years of experience across a wide variety of banking roles within BMO and Harris Bank. Prior to her current role as U.S. Chief Auditor at Harris, she provided executive leadership and strategic direction to a team of operations professionals managing corporate loan administration and loan servicing for BMO Financial worldwide.
Palac attended Northern Illinois University and graduated with honors with a Bachelor of Science degree, double majoring in accounting and finance. She also has her CPA designation. Palac is a member of the Illinois CPA Society and the Institute of Internal Auditors.