Sourcing

How We Work With Our Client Partners

When you outsource or co-source internal bank auditing and risk management services, you hire external people — and we believe that our professionals are the most qualified with the most outstanding credentials in the financial auditing and consulting business.

In order to ensure that your risk management needs are met and exceeded, we have developed teams of experts in each functional discipline of bank auditing and financial services. Whether the need is in the areas of Information Technology, Finance/Accounting/Administration, Asset/Liability Management & IRR, Compliance, Central Operations/Branch Operations, Trust/Investment Management Services or Credit Review, BankVision can deliver the experience and expertise necessary to implement each aspect of an internal audit program.

 
• We Offer Extensive Experience.
Our risk management professionals have proven experience and expertise in all functional areas of bank auditing and financial services. Our bank auditors have an average of 20 years of banking/risk management/internal bank auditing experience. The expertise of our staff is further evidenced by the comprehensive credentials they hold, including every major certification for financial services internal audit/risk management professionals (CBA, CISA, CTA, CFSA, CRCM, CRP, CPA, etc.).
 
• We Are An Effective Risk Management Partner.
Our bank auditors use a consultative, constructive, strategic approach to assist bank management in improving their internal control environment while, at the same time, realizing operational efficiencies, enhancing effectiveness – all while guiding and supporting efforts to put new systems and controls in place, as needed.
 
• We Provide Value-Added Assistance. 
We help banks to improve their policies, procedures and practices by conveying industry “best practices,” based on our broad exposure to today’s diverse and dynamic banking environment.
 
• We Alleviate The Regulatory Burden.
Regulators have consistently offered favorable opinions regarding the scope of our work, as well as staff expertise and experience. Oftentimes, examiners are able to reduce the scope of their testing based on the confidence they develop in the thoroughness of our bank auditing program, work papers and overall process. A strong risk management program will be favorably assessed in the “Management” section of the CAMEL rating system.
 
• We Effectively Communicate Results.
Our bank auditors are strong, hands-on leaders who communicate effectively with all levels of management, as well as with the audit committee. Many bank auditing firms have the professional experience, but not the necessary communication skills. In addition to possessing technical skills, our managing directors and audit managers have solid character and are proficient in soft skills, such as sound judgment and the ability to present issues from a balanced perspective.
 

Advantages To Co-Sourcing Or Outsourcing

Outsourcing or co-sourcing your risk management program is a cost-effective method of enhancing the risk identification and mitigation capabilities of your institution. By partnering with a firm of dedicated financial services risk professionals, an institution can significantly enhance its ability to proactively meet the challenges and risks associated with the financial services industry.
 
• Co-sourcing.
In instances where the bank has internal bank auditors, BankVision can provide a co-sourcing solution. Under the direction and supervision of the internal auditor/risk management director, we can augment the internal bank auditing program with key technical resources. We also are available to supplement a bank’s internal audit program/resources when internal staff turnover occurs. In this role, we share our exposure to industry “best practices” with the internal bank auditor/risk management director and act as a risk management “sounding-board” as a part of the ongoing relationship.
 
• Outsourcing.
Outsourcing risk management services is a cost-effective solution for acquiring high-quality, independent bank auditing/risk management services for community banks. By outsourcing bank auditing services, a financial institution can acquire a team of risk management experts in each functional discipline, on an as-needed basis, without the costs associated with full-time internal bank auditors. Your outsourcing partner in bank auditing should have access to a wide range of financial institution experience and a knowledge of industry “best practices” that they are willing and able to pass on to you. The right outsourcing partner in bank auditing will ensure that your bank has the expertise, resources and regulatory creditability necessary to manage increasingly complex systems and future growth. A strong, proactive risk management program is an investment in the future of your company.