Internal Review
Internal review is a vital function that helps financial institutions identify, evaluate, and resolve operational and compliance risks. It is the third line of defense that provides independent and objective assurance to management, the board of directors, and regulators that the institution’s policies, procedures, and controls are effective and aligned with the industry standards and best practices.
Internal review can also help financial institutions improve their performance, efficiency, and profitability by identifying opportunities for process improvement, cost reduction, and revenue enhancement. Internal review can also enhance the institution’s reputation and trustworthiness among its stakeholders, customers, and the public.
How can CCG Catalyst help you with your internal review needs?
CCG Catalyst is a leading consulting firm that specializes in providing internal review services to financial institutions of all sizes and types. We have a team of experienced and qualified internal review consultants who can assist you with any or all aspects of your internal review function, including:
- Planning and developing an internal review function from scratch or enhancing an existing one, based on your institution’s size, complexity, and risk profile. We can help you with staffing analysis, review charter development, review methodology, review tools, and review training.
- Conducting a comprehensive enterprise-wide risk assessment to identify and prioritize the key risks facing your institution and develop a risk-based internal review plan that covers all the relevant areas and activities.
- Executing the internal review plan in accordance with professional standards and regulatory expectations, using a systematic and disciplined approach. We can perform review of various operational and compliance areas, such as lending, deposits, payments, treasury, IT, cybersecurity, BSA/AML, consumer protection, and governance. We can also conduct special review or investigations as needed.
- Documenting and reporting the review findings and recommendations in a clear and concise manner, and presenting them to the management, the review committee, and the board of directors. We can also assist you with tracking and following up on the implementation of the corrective actions and monitoring the effectiveness of the remediation.
What are the benefits of working with CCG Catalyst for your internal review needs?
By choosing CCG Catalyst as your internal review partner, you can enjoy the following benefits:
- Access to a pool of talented and experienced internal review professionals who have deep knowledge and expertise in the financial services industry and the regulatory environment.
- Flexibility and scalability to meet your specific internal review needs and budget, whether you need a full-service outsourcing, a co-sourcing, or a project-based arrangement.
- Quality and efficiency in delivering the internal review services, using our proven methodologies, tools, and best practices.
- Value-added insights and recommendations that go beyond the compliance and control issues and address the strategic and operational challenges and opportunities facing your institution.
- Independence and objectivity in providing the internal review assurance and advice, without compromising the relationship and communication with the management and the board.
HOW TO GET STARTED WITH CCG CATALYST INTERNAL REVIEW SERVICES?
If you are interested in learning more about our internal review services and how we can help you achieve your risk management goals, please contact us today. We would be happy to provide you with a free consultation and a customized proposal that suits your needs and expectations.
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Paul Schaus
Managing Partner
As Founder, President and Chief Executive Officer he leads a successful team of subject matter experts. Throughout his successful career Paul has been a banker, management consultant, strategist, thought leader and strong advocate to the financial services industry.
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