All reviews are customizable to the audit scope established by your organization. Please contact us to further discuss our services.

 

Loan/Asset Quality review services are designed to assess the condition and performance of a subset of your institutions loan portfolio. Although this review service is often utilized by “problem” institutions, our services have been utilized by an extensive number of institutions in varying condition throughout the Midwest. The scope of loan review services is often heavily dependent upon management objectives and the regulatory requirements imposed on a given institution; however, we are certain that we can customize our scope of services to meet your exact needs.

Accurate identification of risk with your loan portfolio has become an increasingly complicated exercise after the release of the Interagency Policy Statement on the ALLL and the full implementation of the FAS 5 and FAS 114 accounting standards. Due to increasingly technical nature of accepted ALLL methodologies, Superior Consulting also offers services designed to assist banks in the development and implementation of an accurate ALLL recognition model. Services include initial design and development of an ALLL methodology, assistance in the implementation of this methodology and calculation of adequate reserves, and provision of guidance for the creation and implementation of an effective asset risk rating system.

ACH review services are designed to assess your institution’s adherence to the extensive requirements of the National Automated Clearing House Association’s (NACHA) Operating Rules and Operating Guidelines. This review is structured in accordance with Appendix 8 of the Operating Rules and is designed to satisfy the annual audit requirement imposed by NACHA upon all Receiving Depository Financial Institutions (RDFIs) and Originating Depository Financial Institutions (ODFIs). Reminder: this annual audit must be completed no later than December 1 of each calendar year.  

Effective internal audit programs are increasingly recognized as a key component of a bank’s comprehensive risk management program. An internal audit program is generally structured to assess the adequacy and accuracy of your institution’s financial accounting system and key operational controls. Our internal audit services comprise an array of services ranging from the performance of outsourced internal audit activities (focused upon internal control systems and the effectiveness of your bank’s financial accounting system) to the development of internal audit programs designed to be implemented by bank personnel.

Due to the increasing complexity of financial markets and greater volatility of interest rate environments within recent years, effective management of interest rate risk is a significant emerging challenge for many community banks. This increased complexity has prompted many community banks to adopt more sophisticated interest rate risk models and forecasts. One substantial regulatory requirement that has emerged from this increased sophistication is the regular evaluation of the accuracy and reliability of these risk forecasting models. In response to this new challenge, Superior Consulting developed our interest rate risk review services, which is designed to evaluate the effectiveness of these interest rate risk models through assessment of model assumptions and “back-testing” of model forecasts. This review is conducted in accordance with the guidance contained in the Joint Interagency Policy Statement on Interest Rate Risk, as well as regulatory guidance provided by your specific federal regulator. 

The impact of fraud within the banking industry is simply tremendous. Ask any veteran of our industry to provide a summary of their experiences with fraud, and you will likely receive a litany of tragic accounts that have befallen community banks throughout the nation. Many institutions have realized the terrible impact of fraud and the chain-reaction of losses, regulatory scrutiny, and damaged consumer confidence that can arise from these incidents. In order to assist community banks in the development of effective fraud-mitigation controls and the assessment of potential vulnerabilities within the internal control environment, Superior Consulting has developed our fraud controls review service. The colloquial saying “an ounce of prevention is worth a pound of cure” could not ring more true in relation to fraud. Through use of this review, Superior’s Certified Fraud Examiners will evaluate your internal control environment for any weaknesses that could allow for the instigation of fraudulent activity. Additionally, Superior Consulting can also provide assistance your institution in the detection or investigation of potential fraudulent activity.

Management Consulting
In addition to the consulting services referenced above, Superior Consulting also offers an array of management consulting services regarding the following concerns:

 

·        Strategic & Capital Planning;

·        Budget Development;

·        Liquidity Analysis;

·        Management Studies;

·        Staffing Analysis; and

·        Policy Development.

As a complement to the review and consulting development services, we also offer a suite of fully customizable training services regarding the focus areas described throughout the sections above.  Please do not hesitate to contact us for information regarding customized training solutions designed to meet your exact needs.