Enhance efficiency, transparency, and safety while meeting regulatory requirements with a comprehensive internal audit program in place.

We take a holistic approach to assess and provide guidance on:

• Design and operating effectiveness of current internal controls and segregation of duties across your organization
• The effectiveness of governance activities including organizational structure and personnel, policies, procedures and standards, alignment between strategic goals and key performance indicators, and management of third-party vendors
• Strategies and control processes over your organization’s enterprise risk management (ERM) program
• Implementation or updates to your internal audit risk assessments and internal audit plan development
• Compliance with control-driven regulations such as FDICIA
• Review of AML programs for compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, and the Office of Foreign Assets Control (OFAC)

Operational audits examine how an organization conducts business—analyzing its processes, procedures, and systems.

Surface improvement areas to make your operations efficient, productive, and effective through an operational audit that examines how your organization conducts its business.

Our risk-based approach to scoping and delivering internal audit procedures is designed to evaluate the design and operating effectiveness of your internal control framework.

Operational audits assess:

• Loan origination and servicing
• Deposit operations
• Human resources, payroll, and benefits
• Branch operations
• Accounting and finance
• Investment portfolios
• Asset liability management and interest rate risk (ALM/IRR) reviews
• Regulatory reporting and quality assurance reviews
• IT general controls review

Assess the accuracy and effectiveness of the mathematical models used in financial and risk management through a model validation that can focus on areas such as Asset Liability Management (ALM), Interest Rate Risk (IRR), Bank Secrecy Act (BSA), Current Expected Credit Loss (CECL), loan origination software, and others.

Federal regulators have provided guidance that financial institutions should complete model validations on a periodic basis with frequencies depending on the complexity and risk of the model.

Our validation procedures, can help:

• Examine and validate the integrity of the data within the model
• Determine the operational effectiveness of rules, scenarios, and logic utilized by the model
• Evaluate if current model thresholds and assumptions adequately reflect your institution’s risk profile
• Test overall model performance through back-testing and sensitivity analysis on significant inputs
• Assess key internal controls surrounding governance, operations, and monitoring of the model
• Confirm implemented model governance procedures are consistent with regulatory guidance

As the rapid pace of digital transformation and electronic banking evolves so do the nature and scope of its risks.

Protect your organization with a review of relevant operating policies and procedures to verify they’re updated for the unique character and principal risks associated with alternative delivery channels, including electronic advertising.

Assessments also review if all applicable policies address any new products, services, or delivery channels impacted by electronic capabilities, as well as policies and procedures governing access to and the disclosure of customers’ confidential information.

We review appropriate operating policies and procedures established to address the following issues for customer activities:

• Online banking, electronic banking, and mobile banking
• Automated clearing house (ACH)
• Wire transfer operations
• Remote deposit capture