Beyond the Checklist: Deep Dive into Common Audit Findings in Financial Institutions
Jump to section Toggle Inadequate ControlsLoan Underwriting and AdministrationAML and KYCCapital Adequacy and Liquidity ManagementFinancial Reporting ErrorsViolation of Consumer Protection LawsVendor ManagementSegregation of DutiesStress Testing ProceduresTraining and...
The Most Common BSA Findings and What Financial Institutions Can Do to Avoid Them
Jump to section Toggle Inadequate Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)Proactive Measures for CDD and EDD Compliance:Insufficient or Outdated Risk AssessmentsStrategies for Robust Risk Assessments:Deficiencies in Suspicious Activity Reports...
Unmasking the Many Faces of Risk: A Deep Dive into Community Banking’s Challenges
Jump to section Toggle Decoding Key Risks in Community BankingMastering the Art of Risk Management: A Step-by-Step ApproachPioneering Approaches: Modern Risk Management StrategiesConclusion Imagine a tightrope walker, balancing with grace and precision, high above a...
Why Your Financial Institution Should Consider Hiring a Compliance Consultant
In the dynamic and complex world of finance, navigating regulatory compliance can be akin to steering a ship through a storm. Regulations are in constant flux, penalties for non-compliance are becoming more severe, and the demand for transparent and ethical practices...
The Regulatory Maze: A Comprehensive Guide for Fintechs
Jump to section Toggle Why Regulatory Agencies are Increasingly Scrutinizing FintechsMain Areas of Concern for FintechsResolving the Biggest ConcernsConclusion Fintechs, the transformative actors on the financial scene, have faced an increasingly scrutinized...
Demystifying Asset Liability Management An Essential Tool for Financial Institutions
Jump to section Toggle What is ALM?Why is ALM Important?What is Interest Rate Risk?Measuring Interest Rate RiskSources of Interest Rate RiskALM ModelingDeveloping an Effective Income SimulationMeasuring Long-Term Interest Rate RiskUnderstanding Market Risk...
Key Challenges for Community Banks in 2023 and Strategies for Navigating Them
Jump to section Toggle Regulatory ComplexityTalent Acquisition and RetentionCybersecurity StrugglesTackling Third-Party Vendor ManagementThe Importance of Credit Risk ManagementConclusion The community banking sector, a critical part of our financial landscape, faces...
A leading Fintech company has engaged RADD LLC to serve as their Chief Risk Officer
Exciting news! A leading Fintech company has engaged RADD LLC to serve as their Chief Risk Officer. We are thrilled to partner with this innovative company and support their risk management needs. As their Chief Risk Officer, RADD LLC will bring extensive expertise,...