FDICIA Compliance
Outsourced FDICIA control compliance for financial institutions crossing the $500M and $1B thresholds
A well-designed FDICIA compliance program meets the regulatory mandate to provide an annual attestation of the adequacy of design and operational effectiveness of your internal control over financial reporting. Equally important, it gives management peace of mind that operating policies are being followed and is a sound part of good corporate governance.
For many financial institutions, conducting FDICIA compliance activities in-house can be overwhelming and impractical. Developing a compliance plan, assessing related risks, devising controls, and maintaining documentation requires specialized expertise and is time consuming.
By outsourcing your FDICIA compliance program management to RADD, you benefit from having a team of highly credentialed subject matter experts who have served as senior compliance leaders and former examiners on your side.
What our FDICIA compliance services cover
- Project Management
- Risk Assessment
- Readiness Plan for Institutions Crossing the $500 million and $1 billion thresholds
- Alignment of FDICIA Activities with Business Objectives and Risk Profile
- Remediation of Control Weaknesses
- Control Framework and Documentation
- Detailed Control Design and Performance Compliance Testing
- Plans for Improvement and Continuous Monitoring
- Audit Committee and Board of Directors Education & Communications
Let's talk about your FDICIA compliance program.
Call for a Free Consultation Today: +1 (833) RADD-LLC