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The regulators’ recognition of the risk assessment as the focal point of the FFIEC Examination Procedures should be taken seriously. Indeed, a complete, well-documented risk assessment is critical to an institution’s examination performance. 

How we can help
Our consultants can assist you in developing risk assessments and in reviewing the adequacy of those already in place.  We work with institutions to create a document that will both pass current regulatory muster and be easy to understand and edit.  The result is a document that will demonstrate your understanding of your risks, allow you to communicate this understanding to your bank and your regulators, and enable you to amend the document as necessary.

Our process is adapted to the unique risks of each institution, and we employ both quantitative and qualitative means for risk measurement where appropriate.  Most importantly, our risk assessment methodology has been reviewed in numerous regulatory examinations.

Reviewing a risk assessment
Due to examiners’ focus on the procedures, many institutions look to us to confirm the adequacy of their existing risk assessment.  This assurance process helps the internal BSA/AML function benchmark their program against other institutions that we have reviewed by considering your risk assessment’s relevance, scope and scale.

Our deliverables not only report the deficiencies but, when possible, also provides specifics for improving your program.

Highlights
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