A constantly shifting regulatory landscape, combined with disruptive technologies, has financial institutions struggling to identify, measure, and mitigate the organization’s unique business risks. Our financial risk advisory consultants keep pace with regulatory change, maintain an ongoing dialogue with regulators, and employ best-in-class solutions to create effective compliance programs for our clients.
Our comprehensive approach delves deeply into the regulations and our clients’ business processes to identify and quantify each organization’s individual risks, as well as find, prioritize, and help close any gaps.
Global markets and technological advancements afford banks great potential to expand and profit, but also impose great risk. Our professionals combine the expertise in building robust risk management frameworks that leverage data modeling. We help you unlock the value embedded in your data to enhance risk-based decision-making while addressing compliance demands.
Compliance programs that don’t meet statutory and regulatory requirements expose financial institutions to the risk that they may facilitate financial crime, resulting in subsequent regulatory enforcement actions. We help identify gaps in client’s compliance programs using our proprietary “gap map” and a thorough analysis of its components to identify the risk of violations and opportunities for enhancement. We provide specific recommendations based on our analysis to meet regulatory expectations and industry best practices.
Model Validations/ New York State Department of Financial Services Part 504 Review
Model validation is a critical component of your risk management process. A sound and unbiased review of your models and the governance of your systems is key. Our extensive experience in helping companies design and implement governance programs make us the ideal partner to evaluate your models and system governance. We independently review the design and implementation to identify gaps and can build an action plan to remediate critical issues.
Policy, Procedure Design & Review
We provide a comprehensive approach to assess, develop, and help implement enhancements to compliance policies, procedures, and related technology and controls.
We work with clients to assess inherent risks using both qualitative and quantitative analysis. We then analyze the client’s policies, procedures, and internal controls to measure mitigation of these risks. Finally, we help clients design a tailored action plan to remediate residual risks to meet the institution’s risk appetite.
Transaction Monitoring, Coverage Assessment & Parameter Reviews
The vast amount of data produced by financial institutions can challenge compliance functions in finding critical data in a timely manner. Our team of subject matter experts and technology specialists ensure detection scenarios are aligned to actual business risks. We partner with best-in-class providers to harness intelligent automation and maximize the effectiveness of our client’s monitoring program. Moreover, we are respected translators to regulators, and often develop, defend, and socialize solutions to satisfy the regulators’ expectations.
Latest From Risk Advisory
Guidehouse Expands Financial Services Advisory & Managed Services Footprint Globally
June 10, 2022 FeaturedFintech, Payments, and Digital Assets
Guidehouse helps financial institutions build, scale and manage their payments business by helping them to navigate a complex and changing environment.
April 26, 2022 InsightsSanctions MonitorshipGlobal Investigations Review (GIR) Guide to Monitorships - 3rd Edition
April 21, 2022 VideoFair Credit Reporting Act – 2022 UpdateWebcast Co-Hosted with Mayer Brown
April 19, 2022 AlertWill the UK Corporate Governance Code be Pulling its SOX up?Proposals to improve audit, corporate reporting, and corporate governance systems.
April 18, 2022 AlertFDIC Seeks Comments on its Principles for Climate-Related Financial Risk Management
March 28, 2022 AlertCryptocriminals Can’t Hide—Investigative Blockchain Technology Sniffs Out Illicit ActivityCo-Authored Article Between Chainalysis and Guidehouse
March 23, 2022 AlertSEC Proposes New Cybersecurity Risk Management Ruling for Investment Advisors and Funds