Management Studies

ServicesNumerous bank boards have retained PBS to evaluate the senior management team. Many of these engagements were required by regulators as part of special supervisory agreements. In addition, many Directors and CEOs desiring to improve the bank’s performance through enhancing corporate governance practices have retained PBS to advise the Board and the CEO on staffing and corporate and organizational structure. These engagements require extreme sensitivity to the needs of the institution as well as the future of its personnel. Our consultants have a 100 percent success record with these engagements; this record is the direct result of extensive experience, professionalism, and absolute...

Technology Consultants

ServicesInformation Systems Auditing PBS provides independent and objective information systems auditing services the scope of which are based upon Control Related Objectives for Information Technology 5.0 (“COBIT®” );  Federal Financial Institution Examination Council (“FFIEC”) Objectives for Information and Information Technology Examination Guidelines; and Information Systems Audit and Control Association (“ISACA”) standards. The PBS Senior Consultant responsible for IT Audits has over 30 years of experience in financial institution operations and technology and is a Certified Information Systems Auditor (“CISA”). Automated Clearing House Auditing PBS provides ACH auditing services as derived from NACHA’s ACH Rules and the FFIEC Retail Payment Systems Booklet. The scope of an ACH Audit includes a risk based assessment of a financial institution’s processes as a Receiving Depository Financial Institution; Originating Depository Financial Institution; and ACH transactional payment processing. The PBS Senior Consultant that performs ACH audits is an Automated Clearing House Accredited Professionals (“AAP”). Information Security Program Testing PBS provides Information Security Program testing services the scope of which includes identification and verification of the effectiveness of a financial institution’s Information Security Program as required by the Interagency Guidelines Establishing Standards for Safeguarding Customer Information, as mandated by Section 501(b) of the Gramm-Leach-Bliley Act of 1999 (GLBA). FACT Act/ ID Theft Program Testing PBS provides FACT Act and Identity Theft Prevention Program (the “Program”) testing services which includes identification and verification of the effectiveness of a financial institution’s FACT Act and Identity Theft Prevention Program as established in Section 114 of the Fair and Accurate Credit Transactions Act (“FACT Act”) that addresses Red Flag Regulations and Guidelines. Information Systems/Security Risk Management PBS provides assistance in...

Stress Testing

ServicesSince 2006 all regulatory agencies have been promoting stress testing of the loan portfolio and, more recently, liquidity and capital. PBS has provided training on these subject matters and has directly assisted clients with development of stress testing approaches. Whether you want to stress-test an individual loan, a concentration of credit, the entire loan portfolio, liquidity, or capital, PBS can offer assistance and advice in this growing area of regulatory scrutiny and...

Regulatory Assistance & Problem Solving

ServicesFrom time to time problems inevitably arise, whether due to increased competition, management error, or industry change. Our staff has the ability to recognize and deal with potential problems before they become compounded. We have assisted hundreds of banks and their management in dealing with Cease and Desist Orders, Letter Agreements, Memoranda of Understanding, Civil Money Penalties, Administrative Hearings, and Removal Actions instituted by regulatory authorities. Federally insured financial institutions are among the most highly regulated companies in the United States. Because of the importance of the banking system to the creation and control of money and because financial institutions are public depositories, various state and federal regulatory authorities exercise broad supervisory powers over the industry. In addition, the vast, multi-layered and complex regulatory structures often overlap. Understanding regulatory structure and how it relates to the banking industry has proven to be one of our company’s most valued assets. Many of our consultants have backgrounds with state or federal regulatory agencies, and we work with regulators on a daily basis. Our consultants, often working with bank attorneys or accountants, comprise a formidable team to provide the best advice in troubled or normal...

Policy Development

ServicesIt is essential that each bank have well-conceived, written policies that fit the individual bank’s characteristics and also meet regulatory guidelines. Thoughtful policies developed specifically for the bank serve as a “road map” to guide staff and as a foundation to design and implement changes. Adequate policies clearly communicated to pertinent personnel is the first step in a well-designed risk management system. PBS consultants are knowledgeable of regulatory and industry standards and can assist institutions in developing or fine tuning policies for all areas of...
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