DHG | Financial Services

Focused on your business goals

As financial services companies seek opportunities for growth, innovation and revenue, they must face risk, comply with regulations and vie for new customers in an evolving marketplace.

DHG’s financial services professionals are focused on your business goals, providing services to help you:

Comply with the latest accounting and reporting requirements
Stay ahead of emerging regulatory requirements
Evaluate current and future business risks
Providing technology solutions which enhance your business
Create and successfully drive change

Services

From global and national companies to regional and community-based entities, DHG proudly provides relevant services to clients across the spectrum in the financial services industry.

Advisory

Business, Finance and Process Transformation – DHG's professionals work with companies to successfully create and drive change. Our comprehensive approach to project definition, resourcing, communication and support requires that we engage the right resources to accomplish strategic initiatives. Our team supports client end-to-end M&A activities including tax, due diligence, credit mark, technology, and post-merger integration.

Internal Audit and Compliance - DHG's Internal Audit and Compliance teams, dedicated to assisting clients better manage their risks, are focused on assessing, designing, and developing risk management programs and evaluating internal control processes. Our team offers industry-based and risk-focused insight, facilitation of secure internal controls, assistance in regulatory compliance and increased internal performance and effectiveness.

Technology Services - DHG provides technology services designed to assist a company's team in advancing strategic initiatives. We assist clients in assessing IT risks, systems and operations, and regulation and compliance requirements.

Regulatory Services and Risk Management - DHG manages and implements change driven by new regulations and strategic risk management objectives. Our compliance services help support appropriate response to matters of non-compliance and integration into existing risk management frameworks.

Assurance

External Audit
Our assurance teams are dedicated to your industry and are adept at transitioning clients from other firms then providing hands-on service from experienced team members.

Employee Benefit Plans
Our professionals who work with benefit plans are well-versed in both the compliance and financial reporting areas.

SOC 1 and 2 Services
We provide Service Organization Control (SOC) reports for wealth management and trust divisions of banks as well as for standalone entities.

Tax

DHG has the experience you need to minimize tax exposure, avoid non-compliance penalties and outsource the tax function. We streamline tax compliance with the same cost-effective, resourceful mindset we bring to every service by integrating tax planning with your total financial plan.

Our tax services reflect a commitment to building a long-term relationship and providing strategic support for your company's growth.

Experience

Assist Internal Audit Department with Model Risk Management

Case Study | Feb 21, 2017 More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

A regional bank’s internal audit team wanted to assess the overall effectiveness of its model risk management framework. This included analyzing a sample of model validations, the reported findings and remediation activities performed by the internal model validation group.

Contemporary Approach to Strategy Development

Case Study | Feb 17, 2017 More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

Client sought a rigorous, fresh approach to strategic planning. Given the rapidly changing community banking landscape, the client wanted a process that would drive open, objective discussion of new and innovative options for increasing long-term franchise value.

Account Reconciliation Best Practices

Case Study | May 02, 2013 More About | Financial Services | Advisory | Risk Advisory

Client sought to improve the quality and efficiency of it reconciliation process after purchasing Blackline reconciliation software. Challenges Reconciliations were complex and supported by...

Internal Audit Subject Matter Resource

Case Study | May 02, 2013 More About | Financial Services | Risk Advisory

Client needed to develop an audit plan and execute the cycle audit with skilled resources. Challenges Client lacked resources and expertise with complex hedging, cash flow capacity analysis...

SAP Implementation

Case Study | May 02, 2013 More About | Financial Services | Global and National Financial Institutions

Client had a requirement to source new transactional data to its GL from upstream applications to identify intercompany relationships as part of its Global conversion to SAP. Challenges For...

Knowledge Share

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Model Effectiveness and Model Risk Management During Times of Crisis

Publication | Jul 02, 2020
More About | Financial Services | Risk Advisory

Large financial services companies are leveraging their models developed for financial projection, customer behavior, risk calculation and other use cases to inform rapid decision-making during this time of unprecedented change. The current health and economic situations, as well as many of the input variables for these models, are changing at a staggering pace and at amplified volatility. Qualitative adjustments or management overlays are increasingly being applied to model outputs when the outcome is not useful or for models that cannot incorporate the unprecedented actions taken by individuals and governments across the globe (e.g., stay-at-home orders, Coronavirus Aid, Relief, and Economic Security (CARES) Act). A postmortem review of the usefulness and accuracy of models during uncertain times will certainly be required.

Effectiveness of Risk-Based AML/CFT/OFAC Programs

Publication | Jun 30, 2020
More About | Financial Services | Risk Advisory

Over the past several months, two U.S. regulators and The Wolfsberg Group have issued releases advising that regulators and financial institutions (FIs) who are either enforcing or subject to Anti-Money Laundering/ Countering the Financing of Terrorism /Office of Foreign Assets Control (AML/CFT/OFAC) regulations should refocus their risk-based AML/CFT/OFAC programs to testing a program’s effectiveness, rather than only seeking compliance to technical requirements. This change is to better evidence how a program’s internal controls are effectively mitigating an institution’s inherent AML/CFT/OFAC risks.

Updated OFAC Guidance for Financial Institutions Financing the Maritime Industry

Publication | Jun 22, 2020
More About | Financial Services | Manufacturing & Distribution | Risk Advisory

The U.S. Department of State, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Coast Guard issued a joint advisory to address current and emerging trends related to illicit shipping and sanctions evasion practices affecting the maritime industry and the energy and metals sectors.

Webinar Recordings

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Keeping it Flexible with PPP: Discussing Your Burning Questions and Addressing New Updates

The DHG PPP Task Force is back to discuss borrower hot topics around PPP loan forgiveness, revised loan forgiveness applications, and updates on recent guidance. Join us for a constructive conversation to answer your top questions and concerns.

Financial Reporting Considerations for Financial Institutions in COVID-19

With the end of the second quarter of 2020 in sight, financial institutions of all sizes are preparing their allowance for loan and lease losses (ALLL) or allowance for credit loss (ACL) estimates in a continually evolving COVID-19 environment. The economic disruption caused by the pandemic also has brought about other financial reporting issues for the quarter ended June 30, 2020.

Maintaining the SOC Environment During the COVID19 Pandemic

Organizations began the year with a positive outlook, only to have the effectiveness of their SOC environments become a top priority in recent months with the evolution of COVID-19. Now in the midst of SOC examination reporting periods, it is clear that the pandemic has or will impact the issuance and reliance on SOC reports in 2020. The session will cover aspects of issuing a SOC report as well as evaluating reports obtained from vendors. Topics covered will include the following: