FINANCIAL OUTSOURCING SOLUTIONS, LLC (FOS) IS A LEADING PROVIDER OF RISK MANAGEMENT SERVICES, INCLUDING INTERNAL AUDIT, REGULATORY COMPLIANCE, INFORMATION TECHNOLOGY, SARBANES OXLEY / FDICIA, AND QUALITY CONTROL SERVICES TO COMMUNITY FINANCIAL INSTITUTIONS LOCATED IN PENNSYLVANIA, NEW JERSEY, MARYLAND, DELAWARE AND NEW YORK, FROM OFFICES IN READING, ALLENTOWN, AND SPRINGHOUSE. FOS HAS BEEN SERVING THE NEEDS OF THE BANKING AND FIDUCIARY COMMUNITIES FOR MORE THAN TWENTY-FIVE YEARS. FROM OUR EXTENSIVE CLIENT BASE TO INVOLVING OURSELVES IN INDUSTRY TRADE GROUPS, WE WILL BRING A “BEST PRACTICES” APPROACH TO YOUR ORGANIZATION THROUGH OUR HANDS-ON INTERACTION AND CLIENT SERVICE.
FOS’ SERVICES INCLUDE:
• FULL AND CO-SOURCED INTERNAL AUDIT
• SUPERVISION AND REVIEW OF THE WORK OF BANK INTERNAL AUDIT STAFF
• TRAINING OF INTERNAL AUDIT STAFF
• ASSISTANCE WITH THE PREPARATION OF RISK ASSESSMENTS, INTERNAL AUDIT PLANS, AND AUDIT PROGRAMS
• REGULATORY COMPLIANCE AUDITS, COMPLIANCE MONITORING, RISK ASSESSMENTS, CONSULTING, AND TRAINING
• TRUST DEPARTMENT EXAMINATIONS USING OUR STATE-APPROVED PROGRAM
• IT EXAMINATIONS, INCLUDING INTERNET BANKING APPLICATIONS, MOBILE BANKING AND CYBERSECURITY
• IT CONSULTING, INCLUDING VULNERABILITY ASSESSMENTS, SOCIAL ENGINEERING ASSESSMENTS, AND VENDOR MANAGEMENT REVIEWS
• INFORMATION SECURITY OFFICER SERVICES
• BANK SECRECY ACT EXAMINATIONS
• AML MODEL VALIDATIONS
• FRAUD EXAMINATIONS
• ASSET-LIABILITY MANAGEMENT EXAMINATIONS
• SARBANES-OXLEY DOCUMENTATION AND TESTING
• FDIC IMPROVEMENT ACT (FDICIA) IMPLEMENTATION, TRAINING, AND TESTING
• SECONDARY MARKET QUALITY CONTROL REVIEWS