TruPoint Risk and Compliance Consulting for Financial Institutions
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TruPoint is a specialized risk and compliance advisory firm focused on financial institutions. TruPoint helps its clients maximize opportunities by reducing risk through analysis, regulatory guidance, and compliance consulting. TruPoint works with clients to develop practical and effective risk, compliance and governance solutions for today's banking environment through a team with substantial experience with government regulatory agencies, publicly listed commercial banks and privately held banks.
Case Study: Regulatory ResponseTruPoint helps clients understand and be responsive to increased scrutiny from regulatory agencies. TruPoint assists clients when under formal or informal enforcement actions including Memorandums of Understanding (MOU) or Cease and Desist Orders from financial regulators by designing and implementing practical solutions to meet the requirements of the agency while minimizing the burden and impact on the financial institution. TruPoint has provided guidance to management teams and assisted with the formulation of regulatory responses that have ultimately led to the removal of informal enforcement actions. TruPoint has also assisted with the implementation of the required remedial actions within the bank, liaised with regulatory agencies, and worked with Boards of Directors to fulfill the required regulatory provisions.
Case Study: Governance and ComplianceTruPoint helps clients design and implement comprehensive compliance and governance programs that balance the size, culture and needs of the organization with the requirements and expected industry practices from all stakeholders; shareholders to regulators.TruPoint assisted a prominent publically traded financial services company to develop a comprehensive compliance infrastructure that resulted in the approval of a banking charter. The compliance program included preparing regulation-specific risk assessments and the creation and implementation of compliance testing plans. The program ensured that bank polices were consistent with applicable regulations and tested for deficiencies in both controls and compliance measures to ensure prompt remediation in advance of regulatory visits.
ABOUT
The Firm
The Team
TruPoint draws together a team of experts with substantial experience in managing the safety and soundness of financial institions including regulatory experience from the FDIC, Federal Reserve, and the OCC as well as private sector banking experience from both publically listed and privately held financial institutions.TruPoint provides experts to its clients to meet the specific needs of each engagement.
The Founder
Michelle Brooks is the founding Principal of TruPoint, Inc. She has over 20 years of experience with financial institutions and regulatory agencies. Michelle utilizes her comprehensive understanding of commercial banking operations and expert insider knowledge of regulatory agencies to meet the strategic operational objectives of financial institutions. She assesses, develops, implements and manages myriad programs for clients including internal audits such as compliance audits, Bank Secrecy Act audits, information technology audits, and loan reviews. In addition she evaluates and creates policies and procedures and provides input to ensure regulatory conformance. She assists clients with loan portfolio analysis and with developing Allowance for Loan and Lease Loss methodologies appropriate for the institutions size and complexity. Additionally, Michelle helps clients assess institution-wide risk exposures by conducting risk assessments and assists with implementing risk mitigation strategies.Most recently Michelle served as Senior Vice President and Chief Risk Officer of a multi-billion dollar regional bank. Her primary duties included coordinating risk management and mitigation measures, including a comprehensive multi-discipline audit program, as well as oversight of the institutions insurance portfolio. Additionally, she evaluated, developed and revised policies and procedures to ensure regulatory conformity as well as commercial imperatives. Michelle has interfaced with bank regulators and participated in the preparation and coordination of the banks responses to regulatory issues and reports of examination. She completed departmental risk assessments as new lines of business were developed and directed the completion of annual enterprise-wide risk assessments. She assisted with the implementation of the banks FDICIA and SOX programs and created and annually revised a comprehensive fraud risk assessment in accordance with Sarbanes Oxley (SOX) guidelines and PCAOB standards. Previously Michelle worked for the Federal Deposit Insurance Corporation (FDIC) as a Commissioned Examiner. She has been professionally trained in all aspects of safety and soundness examinations of financial institutions. She has directed large teams of examiners as well as planned and outlined scoping / staffing strategies for complex examinations. She prepared comprehensive technical written reports summarizing examination results and presented, discussed, and defended overall findings and recommendations to bank boards of directors and bank senior management.
TruPoint is a specialized risk and compliance advisory firm focused on financial institutions. TruPoint helps its clients maximize opportunities by reducing risk through analysis, regulatory guidance, and compliance consulting.Founded in 2010, TruPoint provides a unique partnership with its clients allowing them critical access to knowledge and experience gained from decades of operational management working for both government regulatory agencies and commercial banks.With a focus on small and mid-sized financial institutions, TruPoint designs and develops risk, compliance and governance solutions that are practical for today's banking environment.
SERVICES
Governance & Advisory Services
TruPoint enables clients to meet best-in-class governance requirements through the creation of policies and procedures that are designed to meet the culture and requirements of the institution as well as fullfill regulatory and statutory reqirements.TruPoint assists Board Risk Committees and bank management fulfill their obligations through advisory services focused on regulatory developments of proposed and impending regulations helping to understand, evaluate and plan for the potential impact that new directives could have on the company.
Regulatory Advisory Serivces
TruPoint advises Boards of Directors, management, and stakeholders on regulatory enforcement actions and assists in the forumulation of regulatory responses including liaison with regulators, communications, and the design and implemenation of remedial actions. Services include:Assessment of enforcement actionRegulatory liaisonPreparation of communication and regulatory responsesDesign and implementation of risk and compliance programs
Risk Analysis Services
TruPoint works with clients to prepare enterprise-wide risk assessments to identify issues and practices that could negatively impact the financial institution including the creation of compliance regulation risk assessments and testing programs to help detect deficiencies internally. Specific services include:Risk AssessmentsInternal Control Analysis and Mitigation StrategiesRisk-based Internal Audit PlansAllowance for Loan & Lease Loss Methodologies (ALLL)Loan Grading Methodologies
Compliance Services
TruPoint helps clients create and update key policies and methodologies to ensure effective regulatory conformance as well as to reflect current bank practices including internal documentation standards, reporting, policy compliance assessments, and other services geared towards mitigating risks derived from regulatory action.
Transaction Support
TruPoint provides clients with due diligence services for the acquisition or disposition of loan portfolios. Services include:Loan Portfolio ReviewRisk-based AnalysisDocumentation ReviewLoss AnalysisRegulatory Compliance Due DiligenceTransition Support
Market Analysis
TruPoint provides customized research and analysis on market trends including industry economic reports, sector trends, and regulatory analysis to inform qualitative methodologies for Loan and Lease Loss Methodologies (ALLL), loan grading systems, and other risk-based asset management strategies.
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Contact Information
Contact Us
For information about TruPoint products and services, please contact us by phone or email:Tel: +1 626 793 0687Fax: +1 626 793 4926Email: info_tru-point.com
Copyright 2012 TruPoint,Inc. All righs reserved.
