Virtual Compliance Management

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BFG’s Virtual Compliance Management Program provides independent financial institutions a comprehensive compliance solution.

The program allows the institution to outsource the compliance officer function responsibilities, with the primary goal of maintaining the institution successfully in compliance, while allowing management and staff to focus on operating the institution and profitable activities. BFG’s program formalizes the compliance responsibilities in the institution.

Our Virtual Compliance Management Program addresses the following critical components to a successful compliance function

Staff time spent interpreting, implementing and updating complex laws and regulations is reduced or eliminated. Customized compliance policy development and ongoing updates for all affected federal consumer banking laws and regulations are provided by BFG and supported throughout the year.

On-site personalized training by compliance experts to address what is pertinent to the bank. Less time and more effective than alternate training approaches.

Immediate feedback and solid recommendations to enable prompt corrective actions on identified compliance violations are provided through on-site testing of transactions in both Lending and Deposit areas.

Prompt answers to important questions are provided quickly when time is critical. BFG provides 24/7/365 through its client proprietary hot-line support with average response time of less than 24 hours.

BFG’s program offers unparallel quality of service. BFG clients receive unique support in the marketplace that translates into higher regulatory ratings and examinations. This means:

One-on-one Support with an Assigned Compliance Expert

This eliminates a common concern over who will be the clients “next” consultant on each visit. Each client works exclusively with an expert BFG consultant whereby a unique relationship develops with a level of comfort and familiarity. More is accomplished in less time without the usual operational and staff interruptions incurred with other service providers.

Experienced Professional Experts

BFG recruits nationally to bring our clients the most experienced compliance experts. Our consultant’s average over ten years of regulatory and/or banking experience; many having attained the industries highest accreditation being the “Certified Regulatory Compliance Manager”. BFG professionals include former bankers and regulatory experts from the different regulatory agencies.

  • They possess a variety of experience in working with financial institutions of all sizes from the novo start ups to regional and money center institutions.
  • They understand the workings of the regulators, the examination process and maintain ongoing relationships with them to be abreast of the regulatory changes.

This balance of both regulatory and banking experience brings the bank broad experience and a balanced prospective in addressing issues.

BFG collectively brings our clients a team of professionals with collectively over 100 years of knowledge and experience. Established in 1989, BFG clients are assured of receiving time-tested programs and reliability in a relationship.

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