Helping financial institutions meet the challenges ahead
Competition is high in the financial institution industry, and comparable services are increasingly becoming available from government agencies, mortgage brokers and other non-bank entities. Those who control costs while adding new services will survive. Those who don’t will be the next "merger" victim. Put your concerns to rest. Rehmann can help you thrive in today's marketplace and beyond.
We offer a wide range of services to help you meet the challenges ahead, improve your bottom line, and maintain the soundness of your financial institution.
Financial services board insights
From financial services under the Biden administration and loan review considerations during the pandemic, to trends in M&A activity, cryptocurrency updates, and board leadership inclusion and diversity efforts, Rehmann’s Board Insights newsletter shares helpful news and information your financial services organization can use to thrive in today’s marketplace. Download your copy today.
Assurance and taxation services
The balancing act between shareholder desires and regulatory compliance can place significant risks on your financial statements. Empower your financial institution's objectives by designing and implementing an effective, well-managed profit culture. Services we offer include the following:
- Financial statement audits, reviews, compilations and director’s exam
- Financial/board reporting
- Tax compliance
- Tax planning
- SEC reporting
- Employee benefit plan audits
Internal audit services
Increased attention has been placed on the role of the Audit Committee and its responsibilities for corporate governance and maintaining sufficient audit coverage. We've developed a flexible and comprehensive risk-based internal audit service for financial institutions that is designed to assist your Audit Committee and management in fulfilling their responsibilities related to internal audit expectations. Some of the areas we cover include:
- Internal risk management
- Internal audits
- FDICIA/SOX404 internal audit
- Mortgage quality control reviews
- Automated Clearing House Audits (ACH)
- Information technology assessments
Regulatory compliance reviews
Effectively manage your risk by staying abreast of the ever-changing regulatory environment. Our dedicated compliance specialists can provide you audit and compliance services in a variety of regulatory compliance areas:
- Compliance review
- BSA and AML review
- HMDA review
- Compliance and BSA training
- BSA/AML risk assessment development
- Board training
- AML validation
Loan administration services
There is intense scrutiny placed on banks to ensure that sound lending practices, adequate underwriting measures, and proper systems of internal control have been established and are being followed. Increased attention has been placed by regulators related to the appropriateness of banks’ historical allowance methodologies given the rapid pace of credit deterioration in the marketplace. Rehmann's comprehensive credit risk consulting package for financial institutions is designed to aid the Audit Committee and management in fulfilling their responsibilities for the testing of current loan risk assessments and lending practices and procedures in place. Services include:
- Loan review
- Loan grading
- Lender/analyst training
- CECL consultation
- Migration analysis
Consulting and operational services
In order to maximize both the short-term and long-term benefits to your financial institution, Rehmann offers tailored solutions in the following areas:
- Cybersecurity consulting and security, and awareness training
- FDICIA/SOX404 implementation
- CFO/controller-for-hire
- Information technology director-for-hire
- Strategic planning and capital planning
- Mergers and acquisitions
- Human resources and executive recruiting
- Comprehensive policy review
- Executive backgrounds and due diligence
- Cost segregation studies
- Business continuity/succession planning
- Forensics
- Operational assessments
- Trust audits
Rehmann is a proud Corporate Associate member of the Independent Community Bankers of America.
