
By Bill Reilly
Subscribe to our original industry insightsBranch exams are a critical part of every broker-dealer’s system of compliance and controls, and must address risk while ensuring your firm is complying with relevant rules and regulations. Branch exams are more than just walking into a location and working from a standard checklist. Branch location types, business lines, products, firm changes and varying state regulations should all be addressed in your exam modules, and procedures for handling unacceptable risks or deficiencies should be in place.
Regulators focus their attention and resources on areas where they believe the risk is greatest. Firms should produce data to enhance understanding of its business and outlying practices, rather than having regulators point them out.
Oyster Consulting knows that each compliance program should be unique, matching your business practices. Oyster provides both branch office on-site examinations outsourcing and program development assistance to improve your control environment. Our experts have years of industry experience and can quickly prioritize the assessment with a thoughtful process. Oyster will review each Branch Exam program to ensure you are addressing risk while complying with relevant rules and regulations.
Oyster Consulting recently partnered with the NSCP and Raymond James & Associates, Inc. to produce an educational webinar: Creating and Executing Effective, Customized Branch Examinations.
Oyster Solutions software is a highly-customizable platform designed to make your firm’s risk assessment and branch office reviews and exams more efficient and effective. Oyster Solutions provides a risk inventory based on the products you offer, the structure of your organization, relevant regulations and the business processes you use. Part of this risk inventory includes a detailed, role-based branch office exam.
"*" indicates required fields
Download the Capital Markets Services eBook to learn about CAT Reporting, Trade and Position Reporting, Market Access and Best Execution.
Download