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Riddle Compliance
Riddle Compliance

Financial Services

FINANCIAL FIRMS COMPLIANCE CONSULTING

Governance, risk, and effective regulatory compliance controls are critical functions of successful banks and financial services firms. Financial services organizations are heavily regulated, often by multiple agencies, to ensure consumer protection, transparent business dealings, and ethical conduct in the marketplace. Federal and state regulators require robust compliance departments comprised of substantive policies and procedures, routine internal auditing, third-party due diligence, fraud monitoring and identification, and a host of other best business practices. Riddle Compliance offers its clients comprehensive regulatory compliance consulting support. This can include an Outsourced Chief Compliance Officer solution, regulatory compliance advisory, monitoring and internal auditing for improved impartiality, and a host of risk mitigation initiatives.

THE FINANCIAL SERVICES REGULATORY COMPLIANCE LANDSCAPE

  • U.S. Department of Justice – Criminal Division (Fraud Section) /Antitrust Division (DOJ)
  • Consumer Financial Protection Bureau – (CFPB)
  • Department of Housing and Urban Development (HUD)
  • Federal Trade Commission – (FTC)
  • Bank Secrecy Act and anti-money laundering compliance
  • Securities and Exchange Commission (SEC)
  • Financial Industry Regulatory Authority (FINRA)
  • Equal Credit Opportunity Act (ECOA) and fair lending regulations
  • Truth in Lending Act (TILA) / Real Estate Settlement Procedures Act (RESPA)
  • Fair and Accurate Credit Transactions Act (FACTA)
  • State financial agencies

SOME OF THE FINANCIAL SERVICES COMPLIANCE SOLUTIONS WE OFFER

  • Outsourced Chief Compliance Officer Services
  • Outsourced Compliance Support
  • Outsourced Internal Audit Services
  • Management of corporate governance
  • Risk-based auditing and monitoring
  • Vendor management and due diligence
  • Anti-money laundering program review
  • Mock exams and audit preparation
  • Corporate compliance trainings and workshops
  • Annual compliance audits
  • Drafting, testing, and monitoring corporate conduct against policies and procedures
  • Gap analyses and risk assessments
  • Internal and external investigations

REGULATORY COMPLIANCE CONSULTING FOR FINANCIAL ORGANIZATIONS

  • Banks
  • Non-bank mortgage lenders
  • Credit unions
  • Securities firms
  • Payday lenders
  • Insurance premium finance companies
  • Mortgage servicing companies
  • Foreclosure relief organizations
  • Debt collectors
  • Broker-dealers
  • Private equity funds
  • Hedge funds / real estate funds
  • Investment advisors
  • Other financial services providers

GOVERNANCE, RISK, AND REGULATORY COMPLIANCE CONSULTING FOR THE FINANCIAL SERVICES INDUSTRY

Empowering employees, third parties, and other stakeholders to act ethically is a challenging task. Companies, across various segments of financial services, are heavily regulated by federal and state agencies. With risk factors evolving on a daily basis, prudent financial services firms partner with Riddle Compliance to ensure compliance with regulatory mandates. Riddle Compliance understands the uniqueness of its financial services clients and believes in developing solutions to meet each client’s business needs and current risk profile. We are a business-oriented regulatory compliance consultancy that acknowledges the needs of our clients, the expectations of regulators, and the ethical underpinnings required to garner respect from the marketplace and consumers alike.


SOME OF THE FINANCIAL SERVICES COMPLIANCE CONCERNS AND CONSIDERATIONS WE ADDRESS

  • Corruption, transparency, and integrity
  • Fraud, misrepresentations, and forensics
  • Anti-money laundering management
  • Monitorships – (non-prosecution agreements and deferred prosecution agreements)
  • Internal audit concerns
  • Evaluation of sales practices
  • Marketing and advertising transparency
  • Vendor management and due diligence
  • Regulatory research and interpretation
  • Data protection and cybersecurity
  • Conflicts of interest and outside business activities
  • Lack of CCO and/or compliance staff
  • Corporate compliance training
  • High-risk financial products, services, and transactions
  • Financial products development and implementation

SOME OF THE REGIONS AND MARKETS WHERE WE OFFER FINANCIAL SERVICES REGULATORY CONSULTING

Riddle Compliance is a full-service consultancy offering regulatory compliance consulting to firms across the United States and internationally. Our clients require special attention and customized programs to meet their unique regulatory demands. With technology changing the way companies do business, some of our clients offer non-traditional products or require multinational regulatory compliance consulting. Whatever your organization’s compliance needs are, Riddle Compliance can devise a tailored solution to meet the complexity of your company’s concerns while satisfying regulatory requirements.

OUR FINANCIAL SERVICES REGULATORY COMPLIANCE SOLUTIONS

Riddle Compliance understands the range of regulatory issues and considerations financial services organizations must manage to stay compliant, trustworthy, and relevant in the financial marketplace. We assist innovative financial firms, traditional financial services providers, and other ancillary enterprises with numerous compliance initiatives to meet their regulatory demands.