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Enterprise Risk Management

Risk is an unavoidable factor in the financial services industry, but can be mitigated with the right focus.  An enterprise risk management process that effectively identifies, measures and manages risk will provide returns of smarter growth and sustainable profits.  Developing an effective enterprise risk management process in the midst of regulatory reform and the revolutionizing landscape of the industry can present a new set of challenges for management teams.  HORNE has a knowledgeable team of professionals ready to assist with any aspect of your enterprise risk management process.  Specifically, we offer the following enterprise risk management services for financial institutions:

• Risk assessment
• Internal audit outsourcing
• Loan review services
• Interest rate risk review
• Regulatory compliance

Risk Assessment
HORNE has experienced professionals ready to guide your management team through a comprehensive risk assessment process.  We tailor the process to fit your unique institution and work with management to identify and assess those risks that create the most exposure for your financial institution.  After identifying your most significant risks, our financial institutions team will work with you to implement policies and controls to monitor these risks, effectively mitigating and managing the impact to your organization.

Internal Audit Outsourcing
A sound internal audit function provides management with necessary tools to monitor controls, improve operations and accomplish its objectives.  Our internal audit services facilitate the achievement of your institution's goals through a systematic, disciplined approach to evaluate and improve the effectiveness of enterprise risk management, internal control and the governance processes.  Whether your institution is seeking to outsource the entire internal audit function or just looking for support for your internal audit department, HORNE has a team of professionals ready to contribute. 

Loan Review Services
A financial institution's credit culture exerts a strong influence on the organization's lending and credit risk management.  The types and amounts of credit risks vary significantly based on the credit culture of your institution.  HORNE's financial institutions team provides comprehensive loan review services aimed at understanding and identifying those risks and providing management with the knowledge and tools to manage credit risk.  Our loan review services help management identify exposures early and implement an action plan to strengthen your enterprise risk management process. 

Interest Rate Risk Review
Regulatory standards require that management implement a process to actively monitor and evaluate the institution's interest rate risk measurement process and the level of interest rate risk exposure.  HORNE's interest rate risk review services identify interest rate risks and exposures, assess the impact of these risk and exposures on the financial institution, and evaluate the adequacy of programs and controls implemented to mitigate these risks.  Our services are designed to go above and beyond ensuring compliance with regulatory standards.  HORNE adds value to your enterprise risk management process by providing sound business advice and ideas for improvement.

Regulatory Compliance
The scope and complexity of regulatory compliance standards for financial institutions has changed significantly and is predicted to evolve rapidly over the foreseeable future.  Financial institutions are under intense regulatory scrutiny, a direct result of the consumer credit crisis.  A new regulatory environment is certain to emerge.  At HORNE, we have financial institution specialists who are in tune with the ever-changing regulatory climate and are ready to assist you with implementing processes and controls to mitigate your regulatory risks, minimizing your direct compliance costs.

To discuss HORNE's enterprise risk management services for financial institutions, including risk assessments, internal audit outsourcing, loan review services, interest rate risk reviews or regulatory compliance, contact James Gordon, Rusty Butcher or Hans C. Pettit.