Internal Audit and Risk Advisory
We Solve Challenging Internal Audit and Risk Management Problems for our Clients
- Internal audit – we perform tests of design and operating effectiveness, write test scripts, and develop internal controls, and regulatory compliance, for several client projects.
- SOX Compliance – we specialize in improving internal controls and identifying model risk sources for large banks and insurance companies alike.
- We have successfully performed audits for CCAR, stress testing, shock analysis, credit risk modeling, CECL, consumer lending (including validation of checking and saving accounts), and credit risk strategy implementation for a global international bank.
- We carried out an internal audit, involving 65 action verification items for a large international bank.
- Audited a Prescreen Campaign model for a large credit card lender.
- Validated loan-level application model for a large mortgage lender.
- Validated deposit attrition model of top U.S banks.
- Validated 21 PPNR sub-models for a large bank.
Anti-money laundering (AML)
AML regulations were built and force with the sole purpose of preventing money laundering. A series of AML procedures that are published by the regulators should be followed by the companies. With the implementation of AML solutions, financial institutions can be benefited in the following ways:
- Notably Lesser Work
- Enhanced Detection
- Improved Customer Profiles
- Reduce False Positives
- Potential SARs Job Prioritization