Providing clients a full suite of regulatory solutions and real world experience
Compliance
With an increasingly demanding regulatory environment, it’s a challenge for financial institutions to stay ahead. As a compliance officer, do you ever feel like you are stuck at the top of the Ferris Wheel with no help in sight? Whether you are a team of one or twenty, have one office or are across multiple states, our dedicated experts are ready to assist you with developing and maintaining your risk-based compliance policies, procedures, and processes for a range of topical challenges.
Services tailored for you
Consults
Analysis
Scrubs
Continued Support
Training
Reviews
Audits
Consulting
At Conformance, our approach is to work WITH our clients. Risk Assessments, policies and procedures belong to the client and the client should always be involved in their development. Rather than write a risk assessment for your organization, we will work with you to identify the risks and ways to mitigate those risks. Utilizing a risk-based and risk-focused approach, we can help you put the pieces together to develop your most effective regulatory compliance program.
Our regulatory compliance reviews are based on your federal regulator’s examination procedures. The scope and frequency of each review is tailored to your institution’s size, complexity, and specific needs. Our approach is to identify the shortfalls but also to offer recommendations and best practice solutions that may include policy, procedural, training, and/or monitoring updates or changes.
Collaboration
One of the greatest things about working in Regulatory Compliance and BSA is that we can collaborate with each other to make your programs better and stronger. At Conformance, we offer quarterly roundtables for our Banks and our Credit Unions. They are a wonderful way to share knowledge, ideas, and resources. From time to time, we offer Teams calls to compare notes, particularly when preparing for regulatory changes. We can provide training to your Board of Directors and your employees and even collaborate with your management and employees to effectively update your risk assessments.
Roundtables
Resources
Policies
Outsourcing
Risk Assessments
Procedures
Services
Conformance offers a robust array of solutions to help clients proactively address compliance and minimize risk.
Bank Secrecy Act/Anti-Money Laundering Reviews
Conformance will perform the Bank Secrecy Act / Anti-Money Laundering / Countering the Financing of Terrorism and Office of Foreign Assets Control Review using the FFIEC’s examination procedures. Whether your program is called BSA/AML or AML/CFT, regulatory requirements require depository institutions to meet documentation requirements, identify pertinent risks and monitor compliance on a routine basis in order to combat money laundering and the financing of terrorism. We will review your risk assessment, policies, procedures, and processes and perform transaction testing to determine program compliance.d edit me. It's easy.
Regulatory Compliance Reviews
Based on your federal regulator’s examination procedures, our risk-based regulatory compliance reviews include an evaluation of the adequacy of policies, procedures and processes and transaction testing to validate compliance with applicable laws and regulations. Our reviews include evaluation of compliance management, loan compliance and deposit compliance. We will identify shortcomings in your program but also offer recommendations and best practice suggestions to correct those shortcomings, enhance your program or even streamline your processes, when appropriate.
Fair Lending Reviews and Analysis
Based on FFIEC examination procedures, we will perform an independent Fair Lending analysis and review. We will review your related policies, procedures, and practices, evaluate your internal analysis, conduct our own analysis, and assist in providing Fair Lending training that is specific to your bank. We assess the financial institution’s overall Fair Lending risk by considering the loan products offered, saturation of markets served, decisioning processes, pricing discretion, data accuracy and consumer complaints.
HMDA Scrubs
Conformance can review internally prepared HMDA data to verify its accuracy prior to submission. This can be performed monthly, quarterly or annually.
Website Reviews
Conformance will perform a review of your financial institution’s website to verify the information it contains complies with regulatory requirements.
Automated Clearing House
(ACH) Review
Conformance can perform your annual audit for compliance with current NACHA Operating Rules and Guidelines.
Remote Deposit Capture (RDC) Reviews
Our Remote Deposit Capture and mobile Remote Deposit Capture (mRDC) reviews focus on regulatory requirements and internal controls over remotely processing customer deposits.
Compliance Training
Conformance will provide training for your Board of Directors and your employees. Our training can range from risk-based targeted training to alphabet soup. Training can be regulation specific, topic specific or procedural in nature. We will design the training specifically for your institution.
Branch Reviews
We will perform detailed hands-on reviews of branch operations, security and compliance with regulatory requirements.