Q: What is your geographic area?
A: BRM has a national scope of services.
Q: What size institutions do you work with?
A: BRM works with institutions regardless of size, that have a need for products and services in the audit, risk, and compliance arenas.
Q: What can you do if I already have an MOU/Cease & Desist?
A: BRM has assisted many organizations in interpreting responses to and developing procedures required by governmental orders.
Q: What is my responsibility as a Director?
A: During the last several years, regulators have adjusted their view on the responsibility of Directors. More and more, Directors are required to be aware of the status of all aspects of their organization and actively manage the associated risks.
Q: How much is this going to cost?
A: BRM operates on a contract basis. The relationship may be a one-time project or an ongoing relationship, subject to the individual needs of the institution. In most cases the cost to a financial organization is significantly less than maintaining a program in-house.
Q: How soon can you get started?
A: We realize that certain situations are time sensitive and we will work with you to accommodate specific needs and concerns.
Q: What are the “hot topics” this year?
A: Gramm-Leach-Bliley Act; Bank Secrecy Act (BSA); Fair Lending; and HMDA.
Q: I haven’t been cited yet. Why should I contract with BRM?
A: Many organizations have not been cited by regulators. However, it’s more a matter of “when” than “if”. You can’t afford to wait to be cited and then take action.
BRM provides a cost effective solution to your audit, risk, and compliance issues. Because of our involvement with a variety of institutions, we understand the needs of the industry, the requirements of the regulators and timeliness of issues. Contact BRM for further information.