Automated Monitoring System (AMS) Model Validation

Specialties

Model Governance

Data Integrity

Model Output and Performance

Helping you meet regulators’ demands for independent AMS model reviews

We bring the people and know-how to conduct rigorous, risk-based AMS model validations to assess how well your model governance, data integrity, and parameter thresholds adhere to regulatory guidance.

Conducting an AMS model validation is both an art and a science.

Hundreds of banks and credit unions view us as trusted artists and scientists and count on us to bring insightful regulatory intelligence during AMS model validations.

With real-world experience as former bankers, we understand the effect of increased regulatory pressure on your team. Relying on plug-and-play settings, for example, is a path to frustration, and we know how it feels to be overwhelmed by alerts and struggle to discern what warnings to heed or ignore.

Members of our team have done everything from examining data integrity and its quality and conducting “above the line” and “below the line” testing to assessing a model’s design and how well it’s tailored to your risk profile.

We also bring a solid track record in understanding the quirks of various AMS solutions in the marketplace and performing system validations on them.

Our assessments consider both IT and BSA perspectives, and we focus on three areas:

  • Model governance
  • Data integrity
  • Model output and performance

Throughout each engagement, we communicate with you to keep you informed on our progress and findings. At the conclusion, our exit meeting and written report document our scope, methodology, findings, and recommendations.

Once our AMS Validation is complete, you can be confident that your model is sound and meet examiners’ escalating expectations.

TCA gives you A Better Way to gauge whether your AMS model meets its objectives and protects you from money-laundering risks.

Key Deliverables Include:

  • Testing administrative controls, data import, and data integrity.
  • Reviewing system parameters to be sure they’re functioning correctly and identifying suspicious activity.
  • Ensuring that your model has been calibrated to your bank's risk profile.
  • Analyzing exams, reviews, and monitoring reports to trace the resolution of issues requiring corrective action.
  • Providing exceptional service that respects your time.

AMS Insights

flood-insurance-policy

In a Government Shutdown the National Flood Insurance Program Could be Affected

By , | September 27, 2023

So, the Government may shut down. Again. This has happened before and will likely happen again. When this happens, one of the many “non-essential” services and programs is the National Flood Insurance Program (NFIP). So, what do we do if/when a shutdown happens? If there is a disruption to the NFIP, we should be prepared …

In a Government Shutdown the National Flood Insurance Program Could be Affected Read More »

update, upgrade, to update-1672349.jpg

New Threshold Amounts for 2024 under Regulation Z CARD Act, HOEPA and QM Sections

By | September 21, 2023

Based on the 4.6% increase in the Consumer Price Index (CPI-W) in effect on June 1, 2023, the Consumer Financial Protection Bureau (CFPB) released a number of new thresholds which go into effect on January 1, 2024. They include: Additionally, these changes affected the HOEPA threshold amounts found under 1026.32 based on the 4.9% increase …

New Threshold Amounts for 2024 under Regulation Z CARD Act, HOEPA and QM Sections Read More »

update, news, newsroom-7239385.jpg

NCUA Updated Address for Adverse Actions

By | August 28, 2023

If you are not regulated by the NCUA then you can skip to the end of this Special Release.  If you are regulated by the NCUA, then you need to know the CFPB amended some addresses in Regulation B, Regulation V and a website referencing Regulation Z APR Table. The August 25, 2023  Federal Register  …

NCUA Updated Address for Adverse Actions Read More »

adjustable rate mortgage

“ARM” Yourself for Volume Increase and Avoid Common Compliance Pitfalls

By | August 16, 2023

Part 2 of a 3 Part Series In our last article, TCA recapped items necessary for origination and proper disclosure of ARM Loans. In this second article, we will review the requirements for complying with underwriting requirements unique to Adjustable-Rate Mortgages. Underwriting ARM Loans While banks are required to comply with the Ability-to-Repay standards in …

“ARM” Yourself for Volume Increase and Avoid Common Compliance Pitfalls Read More »

2023 into 2024

Monitoring Commitments

By | August 10, 2023

What flies like a bird and is something we never have enough of? Of course, it’s Time. You don’t need to look at a calendar to know we are more the done with half the year and summer is nearing its end; all you have to do is walk through your favorite store or watch …

Monitoring Commitments Read More »

update, upgrade, to update-1672349.jpg

Regulatory Updates – Second Quarter 2023

By | July 24, 2023

Below is a link to the Regulatory Updates as of the end of Q2. TCA provides A Better Way for you to track Compliance updates and keep your organization on track. You can download the updates in a PDF form here. As always, TCA is here to help with A Better Way to answer all …

Regulatory Updates – Second Quarter 2023 Read More »

Do You Need Compliance Help?

We’re here to review your current compliance strategy and help you find A Better Way to manage risk.

Phone

800-934-REGS

Email for Non-Confidential Information Only

[email protected]

Office Location

2021 Midwest Road, Suite 200,
Oak Brook, IL 60523

Endorsed By