Regulatory Transformations

We provide specialized advice on staying in line with Regulatory reporting requirements by SEC, FINRA and FINMA

Regulators are sharpening their focus on assessing financial transactions and outcomes, and we help you stay ahead of the curve by prepping you for Regulatory Examinations

How we help?

Anti Money Laundering:

Across the Bonova Advisory team we have in excess of 100 man years’ experience of shaping, designing and implementing our Client on boarding (COB), Anti Money Laundering (AML) and Know-Your-Customer (KYC) best practices and framework. We understand the business and operations because we are from the business.

Our Services:

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AML/BSA Compliance Advisory

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3rd party implementation for Actimize, Pega & SAS

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Model Governance & Policies

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AML Diagnostic Evaluation

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Client on boarding Roadmap & Implementation

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OFAC Sanctions screening tool implementation & analysis

CCAR Implementation:

Our approach is holistic and client centric that helps our clients maintain their competitive advantage while dealing with cost and complexity of regulation as well as navigating ever changing risk environments. We offer high quality advisory and expertise of exclusively senior level consultants to manage complexities of end – end CCAR execution and delivery.

Our Services:

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Model validation & reporting

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Roadmap for CCAR compliance

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Development of CCAR challenger models

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Scenario Simulations & Stress testing

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Axiom SL Implementations

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Financial Forecasting models including ALLL, CECL, PPNR and FP&A

Basel III & BCBS 239:

With an understanding of Interdependencies and overlaps of global regulations, we equip our clients with solid understanding of various regulations worldwide including Basel III.

Our Services:

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Liquidity Standards

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Systematic Risk & Interconnectedness

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Data Governance & Stewardship

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Capital Reforms

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Basel III framework

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Optimize operations for Basel III

Dodd-Frank Act:

Bonova Advisory assists “ Too big to fail” banks address complex and multifaceted challenges to comply to various rules of Dodd Frank Act. We keep our clients well informed of changing regulatory landscapes and industry best practices. We offer a full palette of services for an end-end execution to comply with regulations so our clients can focus on core operations

Our Services:

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CCAR Reporting

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Resolution Plan

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FRY 14C / FRY 9C reporting

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Risk Exposure monitoring limits

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Stress Testing

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IHC and BHC requirements

DFAST Reporting:

Bonova Advisory specializes in providing comprehensive DFAST (CCAR) Credit Stress-Testing Model Validation to banks and financial firms. Our steep experience in this validation arena, and expertise in the statistical and quantitative space gives us a competitive edge. We adopt in-house, and outsourced statistical methodologies, various approaches to model architecture, documentation, integration of systems, reporting, processes & procedural controls and governance.

Our Services:

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Credit Risk Rating (scoring) Models & Validation

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Pre-Provision Net Revenue (PPNT) Modeling

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Aggregator Model, Methodology & Reporting

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Bottom-up & Top-down Credit Loss Models

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ALLL (Allowance for Loan and Lease Losses)

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ICCAP (Internal Capital Adequacy Process)

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CASE STUDY

Case Study: AML/BSA regulations for a large bank

Our Client: Our client was a Wholesale Operations business unit within a large bank. This unit had operationalized Anti Money laundering compliance program for 52 lines of business to comply with. These lines of business were in geographically diverse...

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Insights

Office Location

222 Broadway, Fl 19th,

New York-NY-10038

Phone Numbers

PH:+1 (888) 488 0076

FX:+1 (888) 488 0076