Risk Advisory

McGladrey experts understand the changing nature of risks and the growing concerns that face your institution. We utilize services such as Internal Audit and Loan Review consulting to assess and mitigate these threats, while also uncovering opportunities for process improvements. FDICIA and Sarbanes-Oxley consulting can pinpoint weaknesses in your institution’s current controls while also identifying opportunities to implement best practices that not only safeguard against threats, but improve the efficiency and effectiveness of your institution. We understand that each institution is different, so we design specialized solutions to comprehensively reduce risk and help to achieve your goals. Services we provide include:

Troubled debt restructuring: Not just an accountant’s problem
Have you evaluated if your credit union is adequately addressing the slew of risks involved with impaired loans? Internal control considerations must be addressed before they become a problem.

Creating a culture of integrity is the cornerstone of fraud prevention
Financial institutions must focus beyond hard controls and emphasize every employee’s responsibility to detect and report fraud.

Payment Card Industry compliance for financial institutions
This white paper addresses the types of financial institutions that are required to comply with PCI standards, whether PAN encryption and PA DSS certifications negate the need to demonstrate PCI compliance, and much more.

How will the PCI DSS impact your financial institution?
Find out how your organization will be impacted by the standard, hint - it’s not just your IT department, and common challenges financial institutions experience with achieving compliance.

The Art of Negotiating Vendor Contracts