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Compliance Risk
Management & Internal Audit
ADI’s risk management
services for banks and financial services firms focus on risks
related to regulatory compliance and internal controls. We
conduct risk assessments and internal audits. We also assist in
the development and implementation of risk management programs,
ensuring that it is consistent with the type, size, and
complexity of its parents’ interests.
Our expertise is the result
of decades of work with clients, as well as specific training
along the way. Our team includes experienced compliance
analysts and auditors. It is multi-faceted, covering client
needs from statistical, legal, audit, and examiner perspectives.
Examples of capabilities
employed in recent engagements include:
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Enterprise Risk Management
– We helped a national mortgage lender establish its ERM
program, melding it with the program developed by its corporate
parent. ADI helped to identify major risks, assess each risk,
apply the existing risk rating system, and prepare risk
management strategies.
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Compliance Risk
Assessments
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Bank Secrecy Act/Anti-Money Laundering/OFAC
risk
assessments encompass the standard categories – i.e.,
customers, products/services, and geographies – and we
identify trends, evaluate transaction monitoring
processes, and then make specific, actionable
recommendations to enhance the compliance program. |
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Fair Lending Risk Assessments – Our Fair Lending
Risk Assessments cover every aspect of compliance. The
methodologies in which we have expertise range from
pre-application self-testing to post-closing surveys;
from regression analysis to disparity testing, to file
reviews; and from evaluating policies and procedures to
training. When we complete our assessment, we make
specific, actionable recommendations for the compliance
program that will improve compliance risk management.
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Targeted Compliance Reviews – We conduct targeted
reviews of bank activity in key areas, such as recent
engagements involving the Home Mortgage Disclosure
Act Compliance and RESPA. |
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Internal Audit – We
deliver a full range of internal audit services to our
clients. Some clients want a comprehensive program, whereas
others use us for specific areas. These services entail
monitoring controls that have been established to manage
operational risks and recommending, where needed, enhancements
to current controls in all areas of financial institutions.
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Contact us to see how ADI can assist you
with your Compliance Risk Management and/or Internal Audit needs.
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