Bank Secrecy Act Independent Validation
Our BSA audit programs are custom made to meet the ever-changing demands of these regulations. Our procedures include assisting your credit union to be efficient and timely in preparing a risk assessment, identifying trends, performing comprehensive structuring testing and many other hot spots receiving regulatory emphasis.
A key audit required by NACHA, our procedures are streamlined to meet this audit requirement without overwhelming time demands on your credit union staff.
Asset Liability Management Model Validation
Does your ALM model need to be validated to satisfy examiner requests. We can assist you in meeting this requirement. We will use your credit union data to determine that your current ALM model is providing reasonable management information that can verified, using the the assumptions provided.
Vendor Management Review
Another compliance hot-spot is a credit unions attentiveness to managing vendors who provide services to your credit union. These Vendors require constant monitoring for compliance with contractual agreement.
We will review documentation related to each of the identified vendors used by your credit union and assure that key provisions of contracts and proper monitoring is being performed.
Other regulatory Compliance Reviews
The regulatory maze that credit unions are required to work in creates ever increasing demand for compliance monitoring. We can meet your credit union’s exacting needs by reviewing compliance Contact us to determine how we can help your credit union monitor regulatory compliance.