Representative Engagements

Compliance Management System (CMS)

The unique relationships between an industrial bank and its strategic partners require the bank to maintain its own effective compliance management system (CMS), including a robust vendor management program comprising strong oversight of the operations and the CMS of its strategic partners. CrossCheck has completed reviews of the CMS of both sides of such relationships, ensuring that the bank’s CMS meets the requirements of its regulatory agency, while also tailoring the CMS reviews of the strategic partners to their individual operations using the bank’s overarching CMS guidance. These reviews include transaction testing of a judgmental sample of various loan products for compliance with applicable federal regulations. Products covered include private label credit cards, unsecured personal loans, and small business lending.

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Client Type

Industrial Banks


Service Type

Independent Compliance Review