Managing Risk Throughout the Financial Institution

Business operations require financial institutions to take risk. The successful financial institutions manage risk well, while those that do not suffer. The collapse of residential and commercial real estate markets, the wave of regulatory enforcement actions and the demise of large numbers of banks have led directors and executives at financial institutions small and large to pause and ask: Do we really have a handle on the risks facing our institution?

Whether you're a Director seeking assurance that the institution is effectively managed, a senior executive looking for better ways to manage risk, a risk officer grappling with regulatory compliance, a CIO managing technology security or a senior lender tackling credit risk, Abound offers the vital consulting services that can help you build a comprehensive and cost effective governance, risk management and compliance program, and ensure they are functioning effectively.

1. Corporate Governance
   • Board of Director Assessment
   • Management Assessment
   • Organizational Alignment and Staffing Studies
   • Earnings Assessment and Improvement Planning
   • Strategic Business Planning
   • Risk Appetite Analysis
   • Capital Planning
2. Enterprise Risk Management
   • Risk Management Organization Studies and Best Practices Reviews
   • Enterprise Risk Assessment and Planning
   • Selection and Implementation of Risk Management Information Systems
   • Risk Management Information Systems Development
   • Business Continuity Planning and Testing
3. Information Technology Risk Management
   • Information Technology Risk Assessment
   • Information Security Risk Assessment
   • Network Vulnerability Assessments
   • Internal and External Testing
4. Regulatory Compliance
   • Compliance Management Organization and Best Practices Reviews
   • Compliance Risk Assessment
     • Compliance Program
     • BSA/AML
     • FACTA
     • Other
   • Compliance Testing and Monitoring
   • Compliance Remediation:
     • HMDA Scrubs
     • BSA/AML Lookbacks
     • Flood Insurance Reviews
5. Audit
   • Outsourced and Co-sourced Internal Audit
   • Information Technology Audit
   • Information Technology Security Assessment and Testing
   • Compliance Testing and Audit:
     • BSA/AML
     • HMDA
     • Flood Act
     • CRA
     • FACTA
     • Other
6. Credit Quality Management
   • Loan Quality Reviews
   • Credit Management Assessments
7. Troubled Bank Assistance
   • Board of Director Assessment
   • Management Assessment
   • Organizational and Staffing Studies
   • Earnings Assessment and Improvement Planning
   • Strategic Business Planning
   • Capital Planning
   • Liquidity and Funding Planning
   • Credit Administration Review
   • Problem Loan Workout and Credit Risk Mitigation Plans
   • Risk Management Assessment
   • Internal Control Improvement
   • Audit and Compliance Reviews
   • BSA/AML “Lookbacks”
   • Fraud investigation and forensic audits
8. Risk Management Working Group
   • Webinars, Seminars and Conferences on key GRC topics
   • Risk Connections – Member Information and resource contacts
   • On-line guides, samples, template