Consulting Practices

Regulatory / Compliance Consulting Services

The BankerTek Regulatory and Compliance practice is structured to complement and deliver results in the following areas:

Policies & Procedures	Assist Management with developing effective policies and procedures as well as reviewing and assessing existing policies and procedures
BSA/AML Program Assessment	Comprehensive review and risk assessment of the banks BSA/AML Program including transaction surveillance, KYC/CDD, identity verification, watchlist monitoring, investigation process, case management, and reporting
Compliance Reviews	Proactive scheduled reviews, independent testing, Lookbacks, and IT Security reviews
Compliance Staffing Support	AML analysis and investigative services either on site or remote. May be temporary, seasonal, ongoing, or outsourced.
Regulatory Examination Support	Consultation to resolve examination issues, assist with MOU/Agreement response, remediation planning, provide temporary staffing

Implementation	Utilize established and proven processes and procedures to assess, design, implement, and test compliance solutions that will ensure regulatory requirements are achieved
Risk Based Methodology	Apply a risk based methodology when implementing or developing BSA/AML and fraud related solutions as a means of increasing the programs effectiveness and return on investment.
Business Analysis	Gathering and documenting requirements, liaise between business and technology, create business specifications and functional design documents, perform what if analysis and results tuning to reduce false positive alerts
Product Selection	Product agnostic and work with all major AML and compliance vendors. We do not get referral fees or any other payments from the vendors. We do focus on identifying and recommending the best solutions for our clients.
Customized Solutions	Expertise and experience designing and architecting custom solutions in order to satisfy compliance and regulatory requirement gaps within the bankâ€™s current process as well as to improve the program's efficiency