Our Financial Institutions Clients Rely On Us for the Following Solutions:
If outsourcing, we work with your team on the methodology, oversight, execution and reporting of a customized risk assessment and integrated audit plan performed by our experts.The plan is risk-based, and personalized based on your tolerance for risk and budgetary goals. If co-sourcing, our team helps fill in the gaps in specialized areas, complete special projects or even just help keep your audit plan on track. This approach complements your internal resources while allowing you to benefit from our expertise.
We perform process walkthroughs and documentation to better understand procedures that currently exist, especially with respect to branch operations, wires, loans, and deposit activities. A control assessment is performed to identify and test gaps where procedures and controls are not properly designed or working as planned. Lastly, we provide a report with recommendations to improve processes, note efficiencies, and controls.
Regulatory Compliance and Consulting
We assist with planning, developing and executing your organization’s compliance-related audits and provide full outsource solutions to support your existing audit operations. Our compliance audit services are customized to meet your organization’s unique needs.
Compliance Program Administration
We perform compliance risk assessments to determine your organization’s specific needs, develop a tailored program with policies and procedures, and help implement the new program institution-wide. We also assist with the ongoing administration of the plan.
BSA/AML Audits and BSA System Validation Expertise
We provide an objective review of your Bank Secrecy Act/ Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) programs, including policies, procedures, systems, processes and internal controls. Our independent evaluations of your activities determine if proper controls are in place to meet heightened regulatory expectations and mitigate the risks associated with money laundering. We also offer independent model and system validation services.
- Customized Risk Assessments
- Integrated Audit Plans
- Risk Assessment Documentation
- Compliance Risk Assessments
- Independent Model Services
- System Validation Services
How Long Should I Keep My Records?
Contact us today to speak with one of our industry experts.