Bank Compliance
Compliance+ comprehensive regulatory solutions for banks and capital markets, including CECL, BSA/AML and ALM
Bank Compliance
Experience comprehensive bank compliance and risk advisory services with Baker Tilly Compliance+.
We streamline bank regulatory processes, eliminate inefficiencies and connect your compliance needs, 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.
A company’s approach to the regulatory environment must balance the governance, risk and compliance programs with managing the data, information and insights used to build and run each compliance model. Baker Tilly brings an improved governance approach focused on delivering value to your organization beyond simply satisfying your regulatory requirements.
Too often, bank compliance work is conducted in silos, leading to redundancies, inconsistencies and troublesome inaccuracies. Our team utilizes a consistent data source to maximize transparency across your compliance needs, giving your board and management teams the confidence they demand.
Baker Tilly’s Compliance+ team of industry professionals brings accounting, compliance and modeling experience that will not only help improve governance and mitigate your risk but will optimize your internal controls processes so you can leverage resources (people, time and budgets) in more efficient and effective ways.
Streamline bank compliance with Compliance+
Organizations must comply with the crowded environment of regulations, and there are often commonalities and connection points between these regulations. Similar or related data sets, assumptions and shared models often factor into seemingly disparate regulatory compliance requirements. Yet those compliance needs may usually be handled by different teams within an organization.
Identifying connections to streamline regulatory compliance
With our compliance philosophy and consistent source of data approach, Baker Tilly helps organizations connect multiple compliance requirements so your organization can reduce redundancies and efficiently streamline the number of service providers involved.
We can combine any of the following requirements and services into one effective scope of work, streamlining processes, providers and your resources.
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 lifecycle stages and provide clients confidence in the data on which critical business decisions are based.
Mortgage Center of Excellence (MCOE)
Baker Tilly’s mortgage compliance team provides the regulatory compliance, quality control, risk management and digital technology understanding necessary to support our clients that originate, sell and/or service mortgage loans.
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.
Master model governance
Baker Tilly is here to help you take control of your model governance program and understand all aspects of implementing a streamlined process. Join our webinar on April 22 as we cover the fundamentals of model governance—from regulatory compliance to best practices—allowing your bank to manage and ensure your models are operating effectively.
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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)