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.
AML/BSA Compliance Advisory
3rd party implementation for Actimize, Pega & SAS
Model Governance & Policies
AML Diagnostic Evaluation
Client on boarding Roadmap & Implementation
OFAC Sanctions screening tool implementation & analysis
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.
Model validation & reporting
Roadmap for CCAR compliance
Development of CCAR challenger models
Scenario Simulations & Stress testing
Axiom SL Implementations
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.
Systematic Risk & Interconnectedness
Data Governance & Stewardship
Basel III framework
Optimize operations for Basel III
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
FRY 14C / FRY 9C reporting
Risk Exposure monitoring limits
IHC and BHC requirements
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.
Credit Risk Rating (scoring) Models & Validation
Pre-Provision Net Revenue (PPNR) Modeling
Aggregator Model, Methodology & Reporting
Bottom-up & Top-down Credit Loss Models
ALLL (Allowance for Loan and Lease Losses)
ICAAP (Internal Capital Adequacy Process)
The AI program evolves on its own, and an output is produced without an explanation of why that decision has been made. This could lead to a number of situations, such as predicting a wrong health condition for a patient or investing a risky portfolio in the market.read more
How CIPs Fail to Uphold AML and BSA Customer Identification Programs (CIPs) were put in place to reduce identity fraud for individuals and banks, but these programs fall short in complying to various Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) regulations...read more
Why The Fintech Charter? 4th Industrial Revolution & Its Impact We live in an age of shared economy where people are sharing cabs, workspaces, homes, and cars. How does this impact the overall markets? The way consumers are spending, sharing, borrowing has changed...read more
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...read more