Bank Compliance
Baker Tilly’s Compliance+ suite of services enables financial institutions to streamline regulatory processes, eliminate inefficiencies and achieve compliance with BSA, AML, CECL, ALM and cybersecurity solutions.
Bank Compliance
Benefit from a comprehensive approach to compliance and risk advisory solutions for financial institutions, including the banking, capital markets, specialty finance, fintech and mortgage sectors
Baker Tilly’s Compliance+ team provides a suite of services designed to streamline your bank’s regulatory processes, eliminate inefficiencies and connect your compliance needs. Our team specializes in areas including Bank Secrecy Act/Anti-Money Laundering (BSA/AML), asset liability management (ALM), fair lending and current expected credit loss (CECL). Save time and address emerging risks with our industry-specialized internal audit services.
Delivering value to your organization beyond simply satisfying your regulatory requirements
Break free from the banking compliance silos to reduce redundancies, inconsistencies and inaccuracies in your banking regulatory frameworks. Baker Tilly leverages a consistent data source to navigate the ever-changing regulatory environment, ensuring your compliance models are robust and reliable. Mitigate risk and maximize transparency across your compliance needs with our consistent data source, providing your board and management teams with the confidence they demand.
Our services
Baker Tilly’s Compliance+ team of industry professionals brings accounting, compliance and modeling experience that will optimize your internal controls processes, allowing you to leverage resources—people, time and budgets—more efficiently and effectively.
CECL
Baker Tilly CECL specialists navigate the complexities of current expected credit losses (CECL) with a flexible approach and full suite of services, including implementation, model validation and outsourced third-party modeling.
BSA/AML
At Baker Tilly, we assist clients in responding to and mitigating damages from suspected fraudulent activity, as well as help clients design the structure and validate the models used to prevent the problem.
Our anti-money laundering (AML) programs are designed to protect organizations that are subject to Bank Secrecy Act (BSA) regulations. This includes financial institutions, as well as a wide range of cash intensive nonbank financial institutions, from real estate lawyers to jewelers to casinos.
ALM
Baker Tilly’s complete asset-liability management (ALM) solution includes model validation, scenario modeling, financial projections and stress testing to address all asset life cycle stages and provide clients confidence in the data on which critical business decisions are based.
Liquidity
Our financial services professionals help institutions evaluate their liquidity under various market scenarios. Results can range from identifying excess liquidity to insufficient liquidity. It’s critical for an institution to know where it falls. We can assist in implementation or validation of liquidity models.
Internal audit
Leading financial services organizations view internal audit as a catalyst and valued partner, challenging the status quo and proactively identifying and focusing on emerging risks. Baker Tilly’s Internal audit approach applies agile principles and is at the forefront of change and disruption. Our team brings innovative audit strategies, collaborating with management on identifying and improving the organization’s operations. We adopt a flexible approach supported by the right talent.
Model risk management
Financial services organizations subject to these various regulations are also managing multiple models, calculations and data sets. Baker Tilly’s data specialists help clients streamline processes and build greater efficiency and accuracy in their model management.
Alphabet soup of regulation
Regulatory requirements seem to grow in numbers every day, and their various acronyms share a striking resemblance to alphabet soup but are far less appetizing. Baker Tilly’s Compliance+ solution helps clients manage federal regulations, improve governance and leverage the data for critical business decisions.
Cybersecurity
Baker Tilly’s cybersecurity and third-party risk management team is dedicated to helping bankers achieve and maintain compliance. Our comprehensive cybersecurity services are designed to protect your bank's data and technology infrastructure, shielding you from cyber threats and ensuring data integrity. Ensure strong compliance framework while navigating regulatory requirements confidently.
INDUSTRY SPOTLIGHT
Fintech
Baker Tilly is dedicated to supporting your fintech throughout its entire life cycle, from startup to maturity. Explore our tailored services designed to meet your financial technology company's (fintech's) specific needs and help you navigate industry challenges. Our team can assist your company with comprehensive audits, financial reporting, platform development, regulatory compliance and tax strategy optimization.
Featured insights
It’s time to review your financial institution’s liquidity and ALM practices: leverage your data to mitigate risk
This article discusses how your financial institution can use data to reduce risk and improve your liquidity and ALM practices
RIAs: Thinking the FinCEN AML final rule is no big deal? Think again.
If your organization is a RIA, it is important to understand the amount of time and effort involved in complying with the FinCEN final rule mandating AML compliance and develop a game plan
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How a dedicated model validation provider can benefit your bank
Explore the rise of models in banking, driven by tech advancements, regulatory needs, and resource optimization. Learn about model validation and its importance.
IT assessment uncovers over 30 risks and gaps for financial services company
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With Baker Tilly’s assistance the client was able to complete the process and achieve Fannie Mae approval. This approval allows them to do business within the largest loan marketplace. Read the case study to see how Baker Tilly's advisors helped a small mortgage company achieve approval.
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Financial institution established an enterprise data governance program to better manage their data platform
Financial institution undergoes assessment of current state data strategy practices to better manage their data platform through a data governance initiative. Read this case study to learn more.
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Multibillion dollar mutual insurance company saves time, money and mitigates risk with a strategic assessment and road map from Baker Tilly before the launch of a large transformation project.
MERS annual reporting checklist
Are you prepared for the Mortgage Electronic Registration Systems (MERS) annual reporting? Download our comprehensive MERS checklist
Watch our webinars on-demand
Navigating AI responsibly: Balancing innovation, security and ethics
Learn how to navigate AI responsibly by balancing innovation, security, ethics and governance for more efficient operations.
Foundational concepts for long-term success with ERM governance
The third in Baker Tilly’s four-part ERM webinar series, Enterprise risk management: Building an effective ERM governance structure delivers valuable insight on risk management.
Business Email Compromise: fastest growing, most financially damaging internet crimes
Listen to this on-demand session from Baker Tilly’s Fraud Summit for a discussion about business email compromise.
Haute Culture: designing a culture that drives performance and mitigates risk
Listen to this on-demand session from Baker Tilly’s Fraud Summit for a discussion about culture and risk.
Cybersecurity, ransomware and AML implications
Listen to this on-demand session from Baker Tilly’s Fraud Summit for a discussion about cybersecurity.
Effective compliance programs in a fast moving company
Listen to this on-demand session from Baker Tilly’s Fraud Summit for a discussion about effective compliance programs.
Data-driven compliance programs
Listen to this on-demand session from Baker Tilly’s Fraud Summit for a discussion about data-driven compliance programs.
Our professionals
Who do banking organizations need to consider within their compliance?
- Federal Deposit Insurance Corporation (FDIC)
- Securities and Exchange Commission (SEC)
- Federal Reserve Board
- Office of the Comptroller of the Currency (OCC)
- Financial Crimes Enforcement Network (FinCEN)
- Consumer Financial Protection Bureau (CFPB)
- National Credit Union Administration (NCUA)
- Financial Industry Regulatory Authority (FINRA)
- Office of Foreign Assets Control (OFAC)
- Institute of Internal Auditors (IIA)
- State banking agencies such as New York State Department of Financial Services (NYDFS)