Risk Management
Understanding risk profile enables appropriate risk management processes to be applied and risk to be mitigated. A well-developed risk management program uses both risk analysis and risk assessment in constant tandem to identify sources of risk as they exist and as they emerge. 3PR helps identify, evaluate, and monitor the effectiveness of your compliance program.
Internal Controls
Risk Based Internal Controls Reviews covering areas such as:
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Accounting Cycle
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Accounts Payable
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Prepaid & Accrued Expenses
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Due from Bank Accounts
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Investments, including Fed Funds
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Interest Rate Risk, Asset-Liability Management & Liquidity
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Administration Cycle
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Payroll & Personnel
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Bank Insurance
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Bank Protection Act
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Deposit Cycle
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Demand & Time Deposits
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E-Banking Cycle
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ATM & Debit Card Operations
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Funds Transfer
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Lending Cycle
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Loan Operations
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Negotiable Collateral
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Letters of Credit
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Risk Management Consulting for Regulatory Agreements
Board Training
Risk Assessments
Policy and Procedure Review
ACH / NACHA Audits
The ACH Rules require that all Receiving Depository Financial Institutions (RDFI)s and Originating Depository Financial Institutions (ODFI)s perform annual audits to ensure compliance with the ACH rules and to minimize risk associated with ACH payments. For this audit, 3PR applies NACHA standards as well as inter-agency requirements and best practice for ACH Risk Management.