Compliance, Regulatory and Risk Management Consulting
CFI provides a complete suite of compliance, regulatory and risk management consulting services tailored to meet the needs of financial services firms. We are a proven partner for clients seeking assistance with high risk and time-sensitive issues, whether they involve operational, regulatory or systems-related challenges and opportunities.
CFI is the provider of choice for many firms, not only because we stay current on critical industry issues, but also because our team consists of former regulators, compliance officers, general counsels, supervisory principals and auditors. We cover a broad range of industry issues.
Compliance
CFI helps clients to create and enforce internal policies and procedures and to comply with industry rules and regulations. We also help with internal education and training to ensure proper implementation and results. Our compliance guidance is always tailored to meet each client’s unique set of circumstances and needs.
Regulatory
CFI helps to ensure that compliance programs properly address changing FINRA, SEC and Bank Holding Company regulatory requirements. We help clients prepare for and assist with routine or case-specific regulatory audits and inquiries, to address potential shortcomings, provide best practices and remediate any irregularities from these findings.
Risk Management
CFI’s risk management capabilities enable clients to manage their compliance, supervisory and risk programs more effectively. Our deep understanding of industry rule changes and best practices enables us to assess enterprise-wide risks including operations, trading, technology and finance.
Range of Consulting Expertise
CFI’s consulting expertise covers the full range of compliance, regulatory and risk management challenges faced by all types of firms.
SYSTEMS
& PROCEDURES
(WSP)
RESOLUTION
MONITORING
PROGRAMS
EXAMINATION
SUPPORT
DESIGN AND
MANAGEMENT
REPORTING
RECORDS
MANAGEMENT
BEST
PRACTICES
SALES
MATERIALS
REVIEW
DEPARTMENT
TRAINING
MEMBERSHIP
APPLICATION
RISK
MANAGEMENT
LAUNDERING
CONTINUITY/
DISASTER
RECOVERY
AND RISK/
CONTROLS
AUDIT
VALIDATION
AND TESTING
CFI’s subject matter experts are recognized as industry authorities in some or all of these areas.
CFI is recognized as an industry authority on critical compliance and regulatory issues affecting financial services firms.
Consulting Case Studies
For a large broker-dealer, CFI collaborated in an investigation of bank-side money laundering involving a Financial Advisor suspected of assisting a gambling enterprise that was laundering an estimated $1 million per week.
CFI worked closely with the Firm’s legal counsel to examine an extensive volume of bank records, and to analyze the broker-dealer’s internal cash flow as well as the FA’s records to confirm that money laundering had occurred. The detailed documentation was used to convict the FA, along with the gambling enterprise.
CFI investigated a broker-dealer’s customer complaint involving a check made payable to one of its Financial Advisors. We then analyzed the FA’s entire book of business over a multi-year period.
Based on this extensive review, CFI supplied its client with supporting documentation, including checks and promissory notes involving several improper transactions. To assist with settling the matter, CFI provided a number of multiple damage scenarios based on net out-of-pocket losses.
For an investment advisory firm, CFI evaluated potential risks related to the increased activity of its 40 Financial Advisors, for compensation purposes. CFI reviewed each FA’s revenues and assets, and identified the FAs whose total compensation deviated dramatically, based on changes in asset mix within certain products, turnover ratios and unusual activity within the FA’s personal accounts. The remediation calculations levied CFI’s proprietary engine, built for these types of projects.
This analysis enabled the firm to identify and manage risks within their FA Compensation Program.
Click arrow for case study.
