Regulatory Compliance for Financial Institutions

Financial institution's compliance management programs are under increasingly strict scrutiny from federal and state regulators.

Because of the potential high risks associated with misinterpreting regulatory requirements, compliance accuracy is key. This involves an interdependent effort in several areas,including:

• Board of directors and management oversight and support
• Internal controls
• Functional responsibility
• Testing
• Training

How we can help

Our professionals have extensive experience working with and for financial institutions. We offer a risk-based approach to regulatory compliance -designing programs that detect compliance violations and providing recommendations for corrective action. No two compliance programs will be the same, but a well-planned, implemented and maintained compliance program will prevent or reduce regulatory violations. To accomplish this, we evaluate the effectiveness of the compliance function.

When building a compliance program, we:

• Develop a compliance risk profile
• Establish a compliance structure
• Perform risk-based compliance assessments
• Implement monitoring systems
• Update your staff on regulatory changes
• Allow your staff to use our regulatory compliance hotline
• Provide your staff with helpful compliance tools

Our approach to regulatory compliance is designed to:

• Provide ongoing compliance reviews and risk assessments for continuing compliance with laws and regulations
• Assist in preparing for regulatory exams, examiner meetings and communications with regulators about compliance issues
• Review policies, procedures, advertisements and new products to build compliance with applicable regulations
• Working with us helps build an effective compliance management system - allowing you to focus on serving the needs of your customers and community.

Why RSM McGladrey

We offer a customized, flexible approach to regulatory compliance - providing services that range from comprehensive compliance reviews to specific issue training.

Our compliance professionals have many years of experience working with financial institutions, regulatory agencies and trade associations. They have managed the compliance, Bank Secrecy Act/Anti-Money Laundering, internal audit and loan review functions of financial institutions, and understand the key role those positions play in a successful organization. As a result of this strong background, we are able to provide cost-effective compliance solutions to our clients.