Strengthen Your Bank
Community Bank Risk Advisory
We deliver tailored advisory services to community banks. Our dedicated team understands the unique challenges and opportunities within the community banking sector, providing expert guidance on regulatory compliance, risk management, and strategic growth.
Internal Audit Tailored Solutions
Every bank is different and we understand that. Our team will work with you to understand your bank's risk profile, tailor control programs, and offer recommendations to strengthen risk management.
What You Will Receive
- Internal Audit Report
- Schedule of Findings and Recommendations
- Exit Meeting Presentation
Services May Include
- Evaluation of Auditable Areas and Processes Identified by Management
- In-depth Interviews with Bank Management and Staff
- Assisting Management with the Performance of Internal Audit Procedures
- Testing Compliance with Policies and Procedures
- Evaluating Whether Internal Controls Result in Accurate Recording of Transactions
FDICIA Compliance
Is your bank approaching $1 billion in assets? Whitlock can help review your internal control over financial reporting (ICFR), streamline processes, and correct control deficiencies. We coordinate with your internal team and external auditor so your bank is ready for year-end reporting.
What You Will Receive
- Auditor’s Analysis on Internal Control Over Financial Reporting (ICFR)
- Key Control Testing Results
- Schedule of Findings and Recommendations
- Exit Meeting Presentation
Services May Include
- Assistance Identifying Key Controls
- In-depth Interviews with Bank Management and Staff
- Developing a Testing Plan for Key FDICIA Controls
- Coordinating and Communicating with the Bank’s External Auditors
- Testing the Effectiveness of Key Controls identified
IT/Vulnerability/Penetration Review
Are you confident your business could withstand a cyberattack? If it’s been over a year since your IT infrastructure was thoroughly evaluated, your team might be unprepared to respond effectively. Our comprehensive cybersecurity risk assessments provide a clear picture of how your business would handle an attack today, along with actionable steps to strengthen your defenses and prevent future incidents.
What you will receive
- Highly trained cybersecurity experts to assess your main cybersecurity vulnerabilities
- Business continuity plan (BCP) review and testing
- Practical recommendations for defending your business from cyberattacks
- Risk assessment review
- Recommendations in 25 key areas
Individual services include
- Full IT audit, including hardware and software
- Downstream testing
- Penetration testing
- Phishing testing
- Vulnerability scanning
- Vishing testing
- Internal controls review
Lending Risk & Compliance Advisory
For community banks, navigating lending risk and a complex regulatory landscape can be a challenge. The Whitlock Co. can assess your bank's loan portfolio, analyze creditworthiness of borrowers, and identify potential concentrations of risk. The team will also gauge compliance with lending and depository regulations.
What You Will Receive
- Loan Portfolio Analysis Report
- Credit Risk Assessment Report
- BSA & Anti-Money Laundering (AML) Compliance Review
- Presentations to Stakeholders
Individual Services Include
- KYC Compliance Audit
- AML Compliance Audit
- Bank Exam Prep
- Industry Benchmarks
- Compliance Checklist
- Re-Audit After Weaknesses Are Fixed
Employee Benefit Plan Audits
Help your company comply with ERISA regulations with an annual employee benefit plan audit. We offer an objective look at the financial health of your employee benefit plans so you can file forms properly and before the July 1 deadline.
Need something more in-depth? Reach out to our team.
Start a Conversation
Let us help you grow your business or plan for your wealth. Request a consultation with our experts today.