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Compliance Advisory

Risk Assessments & Governance

  • Conducted Risk Assessments across the lines of defense and business functions:
    • Credit Portfolio Risk Assessment (CPRA)
    • Office of Foreign Asset Control (OFAC) Risk Assessments
    • Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Risk Assessments
    • New Product Risk Assessment process
  • Enhanced governance function and incorporated the evaluation and enhancement of risk control tests, processes, and testing parameters to ensure governance standards were being achieved
  • Established the risk management framework to evaluate business units and the enterprise for Inherent Risk, Control Effectiveness, and Residual Risk
  • Ensured First Line of Defense (FLOD) activities align with risk appetite and risk tolerance, including review of the policies and procedures
  • Created dashboards and reporting mechanisms for key metrics, analysis criteria, and additional influence factors
  • Determined gaps, recommendations, and enhancement opportunities
  • Produced comprehensive, readable report used to inform the Board, management, and regulators

Sanctions/OFAC, Bank Secrecy Act, Anti-Money Laundering

  • Determined regulatory compliance requirements; assessed current infrastructure; developed and implemented risk-based programs in alignment with the organization’s risk tolerance.
  • Developed prioritized roadmap for OFAC program management and built a comprehensive sanctions program. 
    • Managed RFP process selection of research and screening tool(s), and list provider(s)
    • Identified technology gaps; developed remediation plans, interim processes, and sponsored IT initiatives to implement long-term solutions
    • Partnered with enterprise business units to update policies, procedures, and new technology tools 
    • Evolved sanctions program beyond name screening to proactively recognize sanction risks from products and customers
    • Developed assessment programs for new product development
    • Optimized screening systems with third-party tools to balance true and false-positive alerts
  • Implemented multi-channel training programs to facilitate bank-wide cultural engagement of BSA/AML/OFAC 
  • Delivered corporate client training on sanction risk exposure to supply chain and customer base
  • Conducted M&A due diligence of financial institutions and developed integration plan