Financial Services

Financial Services

Regulation: keeping ‘the tail from wagging the dog’

One of the greatest challenges facing financial service firms is in developing new products and revenue sources while combating the dynamic and evolving regulatory landscape. New regulations (e.g. UDAAP/Dodd Frank) constantly redefine the way firms market new products, manage compliance risk and remain profitable. A proactive and uniformed approach towards the relentless wave of compliance is the first line defense to controlling compliance costs and re-gaining control over your firm.

Elevate’s Value Proposition for the Financial Services Industry:

Services focused in compliance, IT consulting, internal audit and accounting assist financial firms with meeting regulatory requirements while containing compliance costs by delivering various services including:

  • Develop a unified compliance assessment including (not limited to):
    • Gramm-Leach-Bliley Act (GLBA)
    • Federal Financial Institutions Examination Council (FFEIC) guidelines
    • PCI / National and International Data Privacy Mandates
    • Sarbanes Oxley (SOX)
    • ISO27001/2 guidelines and other best practices
  • Provide outsourcing / co-sourcing audit services including IT audits
  • Protect your data via information security reviews and technical security assessments
  • Business Continuity Planning
  • Implement IT Governance, Risk and Compliance (GRC)
  • Perform enterprise risk assessments
  • Perform quality assessment reviews (QAR) to assessing internal audit’s effectiveness
  • Aligning your business strategy to your IT investments
  • Assist with purchase accounting transactions
  • Understand and record complex merger & acquisition (M&A) accounting transactions
  • Reduce external audit fees via audit coordination / facilitation assistance

Elevate’s team provides a depth of knowledge in the areas of technology risk management, information security, compliance, internal controls and accounting. We help you to address and manage changing regulations, causing less disruption to business operations. Our risk and compliance professionals have worked with an array of financial services firms from global giants to de novo start ups. We create unified regulatory compliance solutions that align with your business strategy and risk profile.