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We specialize in helping organizations remediate audit and examination findings effectively and efficiently while minimizing any impact to business goals. Our experienced consulting professionals will guide you through the post-examination process with precision and expertise as quickly as possible so focusing on serving your clients does not skip a beat.
Limited internal resources? Let our experienced risk and compliance professionals help lead your compliance program. We help ensure your compliance program follows industry best practices efficiently and effectively. With Pohl Consulting, you can outsource certain compliance functions and optimize resource allocation, allowing your team to focus on core business priorities.
Invest in staff development with our comprehensive Compliance Training programs. Empower individuals at all levels to understand their role in risk management and compliance to drive your organization's long-term success and avoid destroying business productivity when compliance and regulatory problems divert your team’s attention.
Our staff of experienced consultants has the unique ability to provide proactive and hands on compliance support customized to the unique needs of your organization. The Compliance Support program is our most extensive program that involves our experienced professionals in the compliance function of your organization. In this program we take on most or all of the normal work of a Compliance Officer and provide hands on compliance guidance, support and leadership to your organization.
The regulatory environment continues to become more complex and more aggressive. The ongoing implementation of Dodd-Frank required regulations, the focused attention to all actions related to anti-money laundering, and the rise of the Consumer Financial Protection Bureau are all elements of the evolution of financial services regulation toward a law enforcement approach over the traditional supervision and support approach.
While regulatory pressure is becoming greater and more complex, two other business realities also exist. Financial pressure on most financial services organizations is near an all-time high. And even if the organization has the ability to add compliance staff, the availability of quality, experienced compliance professionals is limited.
The Compliance Support program is a valuable means to obtain quality, experienced legal and compliance veterans to support or lead your compliance program for a fraction of the cost of one full time junior compliance staff member.
Achieve the ideal policy and procedure balance with PolicyCompare. Maintaining and updating policies and procedures can be challenging, especially in today's ever-changing regulatory landscape. PolicyCompare delivers tailored insights and recommendations to allow you to review, maintain, update, and enhance policies and procedures to match industry best practices.
This program provides ongoing periodic consulting support for compliance and regulatory-related issues that inevitably arise in your organization. The Program is intended to allow you to respond to and address new and ongoing compliance and regulatory issues efficiently and effectively without the added expense associated with hiring additional internal employees or burdening existing staff with time-consuming tasks and/or research that Pohl Consulting can address quickly and efficiently.
Designed to help trust departments within community banks more efficiently satisfy compliance functions, Pohl Consulting’s goal is to provide you with compliance accountability for your trust activities and enhance your credibility with regulators.
This business unit within the Pohl Consulting organization focuses on two components of a Wealth Management unit’s success equation:
Financial performance analysis and benchmarking are available through our TRUSTCOMPARE® division, including Trust pricing (PRICECOMPARE™) and Trust compensation (COMPCOMPARE™). Organizational Development services are available through Pohl Consulting and Training including sales and service training, sales management development, executive search, and organizational infrastructure development.
Explore our expert financial services tailored to enhance trust operations, manage fiduciary risks, and drive strategic growth through compliance, global securities management, and operational efficiency.
Explore our expert operations services designed to enhance trust operations efficiency, ensure seamless transaction processing, and maintain high operational standards through middle office support, temporary staffing, outsourcing consultation, and comprehensive policy and procedure writing.
Explore our expert services focused on establishing effective procedures and control activities, ensuring robust internal controls, and optimizing trust operations workflows for enhanced productivity and compliance.
Explore our expert systems services designed to modernize trust operations, manage seamless system conversions, and optimize pricing strategies, ensuring efficient, accurate, and compliant trust management through tailored technology solutions.
Director of Risk and Compliance Management
jschupp@pohlconsulting.com
Manage the complexities of trust compliance with ease. We develop compliance programs, conduct risk assessments, and provide ongoing monitoring to ensure your trust operations adhere to regulatory standards and protect you from compliance risks.
Meet regulatory expectations by implementing a numerical risk rating system at the account level. We evaluate and manage risk by assigning a numerical rating to each account using a questionnaire for numerical ratings, a user manual, suggested policy and procedural language, and a consultation for implementation.
Get the help you need to address risk management issues, either as part of a broader enterprise risk management program for the entire organization or focused solely on specific organizational needs. We ensure all risks are identified, measured, monitored, and managed effectively.
Ensure board members and executives understand their roles and responsibilities in governance and compliance. This training covers regulatory requirements, risk management principles, and best practices for oversight, enhancing the effectiveness of the board and executive team.
Our comprehensive compliance testing, monitoring, and reporting ensures you adhere to regulatory requirements, mitigating compliance risks and supporting continuous improvement in compliance practices.
Manage risk across your entire operation. This system integrates risk management into the strategic planning process, ensuring comprehensive risk assessment and mitigation. This proactive approach to risk management enhances the stability and performance of RIAs.
Get the help you need when establishing an RIA. We guide you through the entire process, including regulatory compliance, business planning, and operational setup. These services ensure that your new RIA is well-positioned to succeed in a competitive market.
Use our expert assistance to address issues identified during regulatory examinations. We develop corrective action plans, implement remediation strategies, and ensure ongoing compliance so you can respond quickly and effectively to examination findings and maintain regulatory compliance.
A poor examination report and or a downgrade in trust ratings jeopardizes all of the trust department other accomplishments. If you experience an examination/audit that identifies areas of your trust organization needing serious attention, our experienced trust professionals will help your team respond.
Regulatory examinations are a persistent reality of the trust world. A poor examination report and or a downgrade in trust ratings jeopardizes all of the trust department’s other accomplishments. Plans for the future must be put on hold until problems from the past, identified in the examination report, are corrected. Even when those problems are corrected, examiners will continue to closely monitor the corrections to avoid problems reoccurring.
The need for your trust department to continue to address any detected problems is a drain on both department resources and bank-wide resources. Future profitability is negatively affected by this ongoing distraction. Once the problem is identified, an aggressive and proactive remediation is best to limit the short and long term effect on the trust department and the bank. It is important to remember that examination findings that are not remediated properly, and that do not stay corrected, will result in your regulator involving the board of directors and board members personally to ensure appropriate remediation.
The Post Examination Response Assistance is a valuable tool to quickly and proactively avoid negative effects on profitability, reduce the trust exam impact to the rest of the bank, and limit the need to involve the board members on an individual basis.
Post Examination Response is usually an urgent, highly visible and emotional project for your entire organization. Without external help, it can seriously impact other priorities of your team such as client service, business development, and myriad day-to-day projects—all of which can impact profitability and likely your next exam or audit, not to mention the attitude toward the trust department within your organization.
Utilizing an experienced third party can be very positively perceived by regulators and senior management by demonstrating that you have taken the concerns seriously, obtained professional help, and addressed the concerns aggressively and proactively.
Do you want to stay current on your knowledge of compliance issues? Join our compliance conference call to share information with compliance-minded individuals from across the country. Our experienced consultants will facilitate the call, covering current topics in compliance, from the perspective of trust professionals who have recently experienced an examination. Each call will develop insights from those with recent examination experience, so you have a better understanding of what to expect.
This is a quarterly conference call with trust managers, compliance officers, chief fiduciary officers, bank auditors, and trust staff who are interested in what is going on in the regulatory landscape. The participants have the opportunity to hear from, and share with, their peers exploring recent examination experiences and current compliance topics of interest.
Typical Agenda
Schedule
Conference calls will take place on the second Tuesday of the second month of each quarter at 10:00am Central Time.
Investment
The cost is $250 per year, which will be invoiced in June of each year. New subscribers will be invoiced a pro-rata amount. However, this is a complimentary service for Pohl Consulting and Training retainer clients & Trustcompare® subscribers.
Contact us to discuss and explore possible fit.