Information Technology has increased our ability to transmit, store, quickly communicate information and much more. Advancements in the financial industry over the years can be contributed to Information Technology. But, while we enjoy our high-tech capabilities, they bring challenges and the need for risk management within financial institutions. We cannot ignore the responsibility to protect non-public information, because if our information is compromised, we face reputational risk, which directly affects the safety and soundness of our organization.

BPS provides consulting and training in Information Technology to have your IT staff ready for audits and exams. Our program can be shown as a way your institution is mitigating their risk. Your staff will feel empowered as they take ownership of a well-organized, easy-to-support program that saves you time before audits and exams.

Information Technology Review

• Analysis of department structure
• Analysis of staffing
• Analysis of current third-party participation
• Policies, procedures, and controls
• Risk Assessment
• Review audit deficiencies/weaknesses
• Recommendations for improvement
• Recommendation of training programs
• Discussion other third-party technology resources required

• Evaluate IT team structure
• Assign tasks to coordinate with IT exam responsibilities
• Organize structured and sustainable IT program
• Ensure developed program parallels with IT exam topics
• Implement new processes
• Train and mentor staff on new processes
• Evaluate processes to include monitoring, managing, and logging
• Develop forms and templates
• Develop IT audit tracking process
• Suggest types of third-party resources to sustain technology integrity
• Work with third-party resources to enhance positive exam results