Risk & Compliance
Our suite of risk and compliance services can bring new insight and tailored guidance to help you and your team navigate a complex regulatory environment and mitigate risk with enhanced oversight.
Risk & Compliance
Our suite of risk and compliance services can bring new insight and tailored guidance to help you and your team navigate a complex regulatory environment and mitigate risk with enhanced oversight.
Outsourced Internal Audit Services
A robust internal audit program is not only a regulatory expectation but also a necessity for maintaining strong internal control. The Shatswell MacLeod team will guide your institution through the phases of risk assessment, audit plan development, testing, and reporting.
We recognize that every institution has unique practices, risks, and goals, and we customize our process to your needs. Most importantly, our goal is not just to provide for the execution of an audit schedule but to add value by positioning ourselves as a valuable resource to your institution.
Bank Secrecy Act (BSA) Services
Our experienced team provides the highest level of service to help your institution ensure adherence to BSA requirements through independent testing, anti-money laundering system validations, and marijuana-related business services.
We understand the complexities of BSA compliance and apply collaborative procedures to address your institution’s unique risk profile. Our BSA team appreciates these complexities and offers value-added efforts to help reduce your BSA compliance burden.
Compliance Audits and Monitoring
With a myriad of regulatory requirements and risks, community financial institutions need a partner who can provide specialized services and trusted advice. Our team will work with you to develop a single- or multi-year plan for complying with all applicable regulations.
We can also help you develop an ongoing compliance monitoring program to ensure that your institution stays up-to-date and audit-ready and/or facilitate the execution of monitoring efforts in instances where we are not providing for your compliance audits.
Information Technology (IT) Audits
IT systems are vital to the daily functioning of any financial institution, large or small, and the need for advanced security is clear. With demonstrated expertise across a broad array of network and core-processing configurations, our dedicated IT team can help provide assurance relating to operations, controls, and security.
Our IT audit services are tailored to the needs of each client and can include:
- General controls testing
- Access controls testing for users and administrators
- Application control testing
- Penetration testing and intrusion monitoring
- Vulnerability testing and assessments
- Social engineering testing
- Information security awareness training
SOX/FDICIA Testing
Financial institutions need to know that their internal controls within the SOX/FDICIA framework are functioning as designed. Our internal control specialists are ready to help you apply efficient and effective testing measures, working fluidly with control owners and external auditors to validate compliance with the expectations of your SOX or FDICIA control framework.
Mortgage Quality Control Reviews
It’s essential to verify that your mortgage program is in compliance with investor requirements for documentation and underwriting. Our team can provide post-closing quality control reviews to confirm your mortgage loans are safe, sound, and compliant with the expectations of your investor(s).
Home Mortgage Disclosure Act (HMDA) Scrubs
The HMDA requires that financial institutions undertake significant measures to maintain, report, and publicly disclose loan-level information about mortgages. Ensuring the accuracy and completeness of this data is vital.
Our HMDA experts can support you in performing periodic or one-time scrubs of Loan Application Registers and addressing any issues that may arise.
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