ICS will review your institution's compliance program to determine whether it meets the standards established by the Basel Committee on Banking Supervision and the federal banking agencies. Upon completion of the review, ICS will provide a point-by-point report on the results of our review, recommend the most effective structure, and assist in implementation.
ICS will determine the most effective structure for a compliance program or compliance program component, and assist in implementing the appropriate solutions. Areas addressed include: |
- Organizational structure
- The role of the board of directors, any board committee and senior management
- Internal and external reporting relationships
- Compliance policies and procedures (including code of conduct)
- Identification of applicable laws and regulations
- Compliance risk assessments and controls
- Compliance monitoring/testing process
- Reporting of monitoring results and other compliance issues to senior management and the board
- The corrective action process
- The dissemination of compliance information to senior management and staff, including the implementation of new and amended regulations
- Compliance training
- The audit review program for the compliance function
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ICS can provide this service for the entire company or for particular products, services or business units. We can also assist with strategies for garnering management and budget support for compliance activities. |
