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Ex-Im Home | Office of Inspector General (OIG)

Jean Smith

Regina “Jean” Smith is the Assistant Inspector General for Audit.  In that capacity, Jean oversees professional audit and evaluation services focusing on accountability, improvement of Ex-Im Bank performance and accomplishment of Ex-Im Bank’s mission.  She assists the Inspector General in keeping the Congress and Ex-Im Bank Chairman, Board of Directors and Audit Committee informed on the programs and operations of Ex-Im Bank, preventing and detecting fraud, waste and abuse and leading change through recommending legislative and policy improvements that will enhance Ex-Im Bank mission accomplishment. 

Jean joined the ExIm Bank OIG from the US International Trade Commission (ITC) OIG.  For the past 7 years, Jean served as the Assistant Inspector General for Audit, and as Acting Inspector General from November 2005 to December 2007.  Prior to working at the ITC/OIG, she was a senior audit manager in the US Department of the Treasury OIG. Jean has over 20 years experience as a federal auditor.

Jean holds a BA from Temple University in Philadelphia, Pennsylvania.  She is a Certified Government Financial Manager, Fraud Examiner and Contracting Officer's Technical Representative. 

Osvaldo Gratacós

Osvaldo Luis Gratacós is the Counsel to the Inspector General.  In that capacity, Gratacós serves as the OIG’s principal legal officer, advising the Inspector General and other staff with respect to the legal aspects of audits, investigations, procurement, employment, and administrative and operational matters. 

Gratacós joined Ex-Im Bank OIG from Motorola, Inc. where he worked as commercial counsel with worldwide responsibilities for federal transactions and regional responsibilities (Latin America) for commercial transactions.  Before joining Motorola, he served as attorney advisor and as Legal Counsel to the Inspector General (Acting) at the U.S. Agency for International Development OIG. 

Gratacós holds a BA from Universidad Interamericana de Puerto Rico, a JD from the University of Florida, an MBA from the University of Massachusetts (Amherst).  He is an alumnus of the Federal Executive Institute.  Since 2004, he has served as adjunct professor at the University of Virginia School of Continuing & Professional Studies, teaching undergraduate and graduate level courses in international purchasing and business transactions at the University’s Northern Virginia campus. 

Lawrence K. Valett

Lawrence Valett is the Assistant Inspector General for Investigations.  In that capacity, Mr. Valett oversees criminal and civil investigations in matters concerning fraud against the Ex-Im Bank, works in close coordination with the Department of Justice and other law enforcement partners in pursuing prosecutive actions and assists the Inspector General in developing recommendations for Ex-Im Bank management focused on detecting and preventing fraud, waste and abuse.

Mr. Valett has been a Special Agent in federal law enforcement for nearly 22 years, previously serving with the Naval Criminal Investigative Service, the Resolution Trust Corporation and the U.S. Environmental Protection Agency – Office of Inspector General, where he organized the Financial Fraud Unit and served as its director for the past 6 years.

Mr. Valett holds a BS in Criminology with a minor in Public Administration from California State University-Fresno.  Mr. Valett is a graduate of the Federal Law Enforcement Training Center (FLETC) and is an active member of the National Procurement Fraud Task Force (NPFTF).  He has supported both FLETC and the Inspector General Academy by teaching Grant Fraud Investigations and related topics.  At the NPFTF 2008 Conference he spoke on financial fraud risks and building financial fraud investigative teams.