Compliance Audit & Consulting Temenos Compliance Audit & Consulting offers an array of audit and compliance services designed to help financial institutions. Our expert team specializes in outsourced internal auditing and compliance audits, and has been helping community banks, credit unions and other US-based financial institutions stay out of hot water for over 15 years. All team members have well over 10 years audit and/or compliance experience and maintain various industry designations through continuing education such as CRCM, CAMS, CBCO, CIA and CPA. Our diverse client base provides valuable interaction with all regulatory agencies – FDIC, FRB, OCC, NCUA and local state agencies.
Services Offered Temenos provides internal audits, consumer compliance audits, audit and compliance consulting, BSA/AML independent reviews, HMDA audits and scrubs, Fair Lending assessments, Deposit Compliance reviews, Lending Compliance reviews, Compliance Management reviews, website compliance reviews and other custom audit and compliance services tailored specifically for the client.
BSA/AML Audit We provide BSA independent reviews and advise on BSA Risk Assessments, Policies & Procedures, CIP, Training, Suspicious Activity Monitoring and Reporting, High Risk Accounts and EDD, CTR Transactions, Monetary Instruments, OFAC, AML Systems and more. Our programs were designed using FFIEC guidelines and our findings and recommendations always include best practices currently in use by the industry.
Internal Audits We perform outsourced or co-sourced internal operations audits following IIA and FFIEC guidelines that are designed to assess and evaluate the internal control processes and procedures used by financial institutions. Audits are independent, objective and timely as our draft audit reports are delivered within 7 days of completion of fieldwork and final reports are issued within 30 days of completion of the audit.
HMDA Compliance Review/Scrub Our team provides HMDA audits to help insure that processes and procedures are adequate to insure compliance with HMDA. We also provide HMDA LAR scrubs to test and verify that all entries on the HMDA LAR are accurate and compliant with HMDA rules and instructions.
Compliance Reviews The Audit & Consulting team performs compliance reviews, compliance audits, compliance monitoring and compliance consulting to help identify potential violations of rules and regulations. We help identify weaknesses before they become regulatory criticisms and costly violations. Our diverse client base provides our team with extensive experience and access to all financial institution regulatory agencies, giving us untold knowledge and insights into current compliance issues and regulatory interpretations. temenos.com |
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Fair Lending Review Our Fair Lending Assessments are used to evaluate and assess the level of compliance with requirements of the ECOA and the FH Act, as well as identify apparent Fair Lending violations. Our Fair Lending Reviews are more extensive and include the use of 3rd party software to analyze actual lending data to help identify all apparent and potential violations. Problem areas are easily identified and remediation is implemented quickly to prevent future and or systemic violations.
