Nancy-Nip-Rouguine

Finance & Accounting

We provide a variety of finance and accounting solutions including:

• Technical Accounting
  • On-call consulting
  • SEC assistance
  • Implementation, analysis and assessment
• Lease Accounting
  • Data gathering, abstracting leases, implementing technology solutions
• Revenue recognition consulting/new standard compliance

Finance & Accounting

• Financial planning & analysis
• Financial accounting & reporting
• Interim or “gap” financial management
• Post-Merger financial integration
• Financial systems implementation
• Project management

We provide a variety of finance and accounting solutions including:

• Technical accounting
  Whether it’s preparing compliant financial statements for an initial public offering or properly recording a business combination resulting from a merger or acquisition, accounting can be complex. It often requires the focused attention of professionals with significant expertise and seasoned judgment. Even the day-to-day demands of accounting and finance personnel involve considerable effort and attention. We can provide ongoing technical accounting and financial reporting services, including:
  • On-call technical accounting consulting
  • Assistance with SEC comment letter responses
  • Assistance with implementation of accounting standards, including the new revenue recognition standard
  • In-depth reviews of technical accounting memoranda and conclusions
  • Assessment of current accounting policies and assistance in optimizing policy decisions
  • Spearheading the organization’s preparation of Form 10-Q and Form 10-K
• Lease Accounting Consulting
  • Lease accounting is experiencing revolutionary changes across all industries. The new ASC 842 standard brings a wide range of implications across most organizations, and will require most operating leases to be reflected on the balance sheet, which by itself is a sizeable task. The data and systems challenges ASC 842 will bring to companies are significant and, without adequate planning and preparation, may be overwhelming. Given the time commitment required to implement the standard and the level of complexity involved, companies should start gathering data, abstracting leases, and selecting and implementing technology solutions soon to avoid challenges down the road. We can help you manage the following
  • Data gathering
  • Abstracting leases
  • Implementing technology solutions
• Revenue recognition consulting
  • This is a proven approach to the implementation and management of a complex new standard. Preparing for and complying with the new revenue recognition standard may be more challenging than many companies realize. The standard is complex and represents a revolutionary change in accounting, affecting both internal and external perceptions of a company’s performance. Adoption and implementation of the new standard also provides an opportunity to consider strategic operational issues such as improving efficiency, enhancing information systems, and strengthening processes and controls. We have developed an integrated approach to enable the timely and efficient adoption of the new standard. Cross-functional teams provide the technical accounting expertise as well as the technology and tools needed to support both implementation and ongoing governance.

BSA/AML Compliance Services:

Team Adhoc provides banks and other financial institutions with on-site and off-site BSA/AML and lending compliance staff augmentation needs.

• Compliance program assessment.
• Policies and procedures.
• Independent testing.
• Internal audit co-sourcing.
• Fraud & forensic auditing.
• Enterprise risk management.
• Audit committee advisory.

BSA/AML Compliance

Team Adhoc provides banks and other financial institutions with on-site and off-site BSA/AML and lending compliance staff augmentation needs. Our network of highly seasoned consultants has worked with multiple institutions: many of which are subject to regulatory enforcement actions, with the necessary broad insight to navigate complex compliance initiatives. Their areas of expertise range from KYC remediation to lookback projects, to assisting institutions with monthly alert drops, case escalations, timely SAR filing, client on-boarding, KYC reviews, and sanctions screening. This experience allows them to pivot between multiple projects to carry out concurrent initiatives. Team Adhoc is run by compliance subject matter experts: each with over a decade of hands-on compliance experience. As such, they can better understand each financial institution’s unique needs in granular detail and pull from their existing network, ensuring the quality of work from each candidate, without burdening clients with unproven candidates or those with a skill set that fails to correlate to the specific need at hand.
Bank Secrecy Act/Anti-Money Laundering compliance reaches into virtually all corners of the financial services industry. The plethora of penalties resulting from non-compliance are too high to be taken lightly. Team Adhoc’s BSA/AML Consulting Practice is based on experience and demonstrated expertise. We deliver those services in a customized, measurable way to meet your needs.

Advisory

Team Adhoc’s AML practice is the cusp of a multi-decade collaboration between the AML industry’s leading advisory consultants who have worked closely with financial institutions, regulators and the nation’s top AML advisory firms to help strengthen AML programs since 2003. Unlike competitor firms whose field experience is limited or predates the current AML environment, our management team has extensive and current on-site experience helping retail and commercial banks, brokerage firms, payment services/network operators and credit card issuers hedge AML risk and strengthen internal controls as part of several highly publicized FRB, OCC and NYDFS enforcement actions. Our management team not only possesses the requisite BSA/AML subject matter expertise, it goes beyond evaluating and understanding the gaps between the current and desired state of an AML program in a constantly evolving regulatory environment. In turn, we can assist with the execution of the necessary steps to remediate these gaps, as we have done for over 30 clients in the past 13 years.

Temporary Staff Augmentation

By leveraging our existing global network of thousands of AML consultants in diverse compliance areas, our firm masters the tools to seamlessly facilitate crucial temporary staff needs. Achieving mandatory milestones under tight regulatory time constraints is not accomplished by the incursion of a team unexposed to the industry. Team Adhoc is proud to present proficient industry experts to fulfill myriad compliance challenges. By working extensively with peer institutions, our firm will aid in efforts to remain ahead of the curve by leveraging industry best practices before they become industry laws.

Areas of Expertise

Our firm leadership and extensive network have assisted financial institutions within the following subject matter areas:

Enterprise-wide BSA/AML Risk Assessment

• Business line risk
• Enterprise-wide risk associated with products, services, customers and geographies
• Methodology for identifying and quantifying the level of BSA/AML risk associated with various categories of customers
• Periodic refreshment
• Comprehensive documentation
• Enhanced OFAC screening
• Improved methodology for assessing OFAC risks
• Enhanced policies and procedures to ensure compliance with the OFAC Regulations

Governance/Board Oversight

• Governance structure with clear lines of responsibility
• Clearly defined roles and responsibilities for senior management to oversee compliance with the BSA/AML Requirements and the OFAC Regulations
• Measures to improve the information reported to the board of directors and its designated compliance committee regarding compliance with BSA/AML Requirements and OFAC Regulations
• Assessment of the qualifications of the Bank’s BSA/AML and OFAC compliance staff and the adequacy of staffing levels

Customer Due Diligence/Enhanced Due Diligence

• Determining the appropriate level of enhanced due diligence
• Special measures for particularly high-risk customer types, such as MSBs
• Addressing systematic deficiencies within customer due diligence processes
• Policies and procedures for gathering CDD/EDD information for new and existing customers
• Methodology for assigning risk levels to the bank’s customer base that assesses appropriate factors such as type of customer, geographic activity, and expected account activity
• Enterprise-wide customer visibility
• CIP procedures and process execution
• Verification of the identity, source of wealth, and business activities of the customer
• Gathering and documenting anticipated customer transaction activity within various product lines
• Identification, documentation and screening of accountholders and significant control parties
• PEP risk
• Negative news screening
• Assessing the AML supervisory regime and identifying AML risk associated with the jurisdictions in which customers are domiciled, do business within or transact with
• Periodic review frequency and tracking
• Special requirements for correspondent banking relationships including USA PATRIOT Act Certification and Wolfsberg Questionnaire evaluation/tracking and assessment of risk associated with banking customers’ AML programs.
• Evaluation of the automated CDD/EDD systems of record

Suspicious Activity Monitoring and Reporting

• Addressing systematic deficiencies within transaction monitoring systems
• A well-documented methodology for establishing monitoring rules and thresholds.
• Effective monitoring of customer accounts and transactions
• Measures to ensure escalation of significant matters to, and documented oversight by, senior management
• Procedures that indicate the tools or processes to be used in identifying and monitoring high-risk transactions
• Procedures for investigating and resolving transactions identified as unusual or suspicious
• Procedures for ensuring sound use of quantitative analysis to support the proper design, implementation and use of models to generate appropriate alerts
• Processes by which BSA/AML control decisions are escalated to risk management
• Trends in unusual or suspicious activity that have been identified and reported
• Quality control/quality assurance
• Comprehensive and timely alert clearing and SAR reporting
• Timely and accurate responses to 314(a) and 314(b) requests

BSA Independent Testing and Audit

• Formal processes to track and report on remediation efforts to strengthen the BSA/AML compliance program
• Testing of the adequacy of internal controls designed to ensure compliance with the BSA and its implementing regulations
• A risk-based approach that focuses transactional testing on higher-risk accounts or geographic areas of concern
• An annual audit with report to the board of directors or a committee assessing the condition of the enterprise wide BSA/AML program and opining on the four pillars of the BSA/AML program

BSA Training

• Development and implementation of a specialized training program for all operational and supervisory personnel responsible for suspicious activity monitoring, investigating, and reporting
• Strategies for mandatory attendance, the frequency of training, procedures and timing for updating training programs and materials, and the method for delivering training

Historical Transaction Reviews (“look-backs”) and CDD/EDD Remediation

• Evaluate scope of engagement
• Provide projections regarding production analytics
• Provide volume staff

Human Resources Services

We offer variety of services in HR and HR outsourcing;

Need help hiring?

Whether you need to hire your next HR leader, C-level executive, or high-performing team members, Team Adhoc’s HR’s recruiting team can help make it happen, fast. We partner with rapidly growing organizations in industries such as government contracting, not-for-profit, trade associations, property management, real estate, construction, IT, finance and creative. As a team of HR and Recruiting professionals, we specialize in HR & recruiting positions and we also have extensive experience in sales & marketing, accounting & finance, operations, administrative, technology, as well as other fields. We can also supply direct hire, to interim talent acquisition/HR candidates as well.

Information Technology

Technology must work seamlessly for business to function efficiently. Our technology professionals have deep knowledge and expertise to keep your technology running smoothly. Staffing solutions include:

• IT architecture
• End user services
• Business analytics & data management
• Information risk management & security
• IT operations & infrastructure

Steven Baltierra

Communications Coordinator

Annelise Lee

Talent Coordinator

Randi Martinez

Human Resources and Operations Manager

Anthony Nguyen

Account Executive

Elliot Miller

Managing Director

Regina Voarino

Executive Director of Business Development

Nancy Nip Rouguine

President, CEO & President