Operations

Operations and Administration

Gary Andreini, Operations Practice Director

We have expertise in all operational and administrative aspects of banking, whether it be Deposit Operations, Cash Management / Electronic Funds Transfer, Loan Operations, Finance & Administration, or Human Resources & Payroll. Audit scopes are customized to your organization structure, systems, staffing and other aspects of your institution’s risk profile. Some examples of typical audit scopes are as follows.

FINANCE & ADMINISTRATION 

  • Accounts Payable
  • Correspondent Accounts
  • G/L Entries
  • Official Checks
  • Regulatory Reporting
  • Fixed Assets
  • Centralized Certifications
  • Bank-Owned Life Insurance

HUMAN RESOURCES/PAYROLL

  • Payroll Reconcilement / Settlement to the General Ledger
  • Payroll Input Process
  • Salary Change Authorizations
  • Payroll Deductions
  • Salary and Grade Level Review
  • Job Descriptions
  • Personnel File Review
  • New/ Terminated Employee Documentation
  • Performance Planning/ Review Process

DEPOSIT OPERATIONS

  • New Accounts
  • Cash
  • Compliance Notices and Posters
  • Overdrafts
  • Security & Key Control
  • General Ledger & Suspense
  • ATM Deposits, Settlement
  • Night/Courier Deposit
  • Safe Deposit
  • Certifications
  • Inactive and Dormant Accounts
  • Levies and Attachments
  • Telephone Transfers
  • Stop Payments
  • Vault Controls & Negotiable Instruments

CASH MANAGEMENT / ELECTRONIC FUNDS TRANSFER

  • ACH Rules Compliance (NACHA Appendix 8)
  • Wire Transfers
  • Online Banking
  • Remote Capture
  • Mobile Banking
  • Lockbox
  • Merchant Visa

LOAN OPERATIONS / NOTE DEPARTMENT

  • Boarding Controls
  • Documentation Controls
  • Documentation Monitoring
  • Settlement and Balancing
  • Loans Secured by Marketable Securities or Deposit Accounts
  • Loan Maintenance
  • Negotiable Instruments
  • Construction Loan Disbursements
  • Other Advance Processing
  • Payment Processing
  • Loan Payoffs
  • Physical File Controls

Again, these are only indicative of typical scope requirements and not intended as a comprehensive list to cover all needs or situations. Many clients have specialized requirements within each of these areas; we’ll customize as needed. We have a very deep library of audit programs that we have developed and updated over the years. But if a specialized request comes in for something not in that library, we stand ready to develop a program for it.