CLIENT

Privately owned emerging regional bank with significant rural market presence as well as emerging presence in a high growth urban marker.

 

SITUATION

After experiencing the impacts of the 2008 Financial Crisis, the Bank, then at $2B in assets, needed a better way to assess and monitor their credit risks in this new environment of high competition and global economic stresses.  The Bank is focused on maintaining their localized community focused business model which drives their highly profitable results.  Thus, the Bank recognized that their growth objectives and planned market segment expansion strategies require greater visibility to their risk exposure.

 

SOLUTION

OnPoint engagement began with our unique INREVAS process which provided the Bank’s leadership team with a risk adjusted assessment of their current state of risk management processes across the enterprise along with a roadmap of risk management process improvement opportunities that would increase stakeholder value.  A series of projects followed, that focus on both credit risk management enhancements as well as ERM implementation:

  • Dual Credit Risk Rating
  • Allowance for Credit Losses
  • Enterprise Risk Management Program Complete (governance, process level risk & control ratings from the front line)
  • Internal Audit Program integrated to ERM
  • Compliance Program integrated to ERM

 RESULT

Our Client, now closing in on $7B in assets, is well poised to better anticipate changes in a fluctuating marketplace.  They have already managed similar hurdles that have caused stresses under their previous risk programs.  They have reported that they are now able to focus extra resources and energy toward growth and expansion.