We performed internal controls testing for an international bank’s New York branch under FDIC Insurance Act Part 363 regulations (FDICIA). This involved assisting the bank’s management prepare risk-based internal control documentation, and performing an assessment of internal controls in various operational areas. These areas included brokered deposit operations, commercial lending, trade finance, letters of credit and bill discounting, information systems controls, risk management, accounting and finance, funds transfers, and correspondent banking activity.

Note: This work was performed prior to joining Stout.

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