Both banking industry and the non-banking financial services industry at large are undergoing tremendous change. With this change comes opportunities and unavoidable regulatory risks. Organizations are offering new products and services frequently to remain competitive. Failure to mitigate these risks has both immediate financial impacts as well as reputational impacts.
In this evolving environment, it is the responsibility of every employee to understand how regulatory risks apply to his or her role. It is also the responsibility of the firm to ensure employees are properly trained in regulatory risks to ensure they understand how they apply to their roles and ultimately to the organization’s products and services.
Gilbert Reese’s knowledgeable consultants work with our clients to develop solutions that are risk-based and tailored to the unique needs of each client. We also provide tailored training to employees to bridge the knowledge gap regarding the evolving regulatory risk landscape.
Gilbert Reese consultants have hands on experience building and enhancing compliance programs for our clients. Our experience enables us to work with banks, credit unions, money transmitters, virtual currency and FinTech companies to manage or improve existing compliance programs or to create bespoke compliance programs that meet regulatory requirements. Our services include monitoring and testing, risk assessment, model validation, training, and remediation of all identified issues, among others. We have helped several clients prepare for and manage regulatory examinations.
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