Automated Monitoring System (AMS) Model Validation


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

fema n neon lights

Will National Flood Insurance Program Expire?

By | November 29, 2018

On November 20, 2018, FEMA posted a press release reminding interested parties that the National Flood Insurance program (NFIP) expires at 11:59 p.m. on November 30, 2018. While FEMA is confident Washington will vote to reauthorize the NFIP, if a lapse were to occur, it would not impact policies already in effect. We will continue …

Will National Flood Insurance Program Expire? Read More »

lease agreement

Regulation Z and Regulation M Dollar Thresholds for 2019

By | November 27, 2018

The Federal Reserve Board and the Consumer Financial Protection Bureau jointly issued an increase in the exemption thresholds, which are tied to the Consumer Price Index, for Regulation Z and Regulation M exemptions. Loans or leases at or below the thresholds are subject to regulatory protections. The regulators have released the new index limit for …

Regulation Z and Regulation M Dollar Thresholds for 2019 Read More »

conference speaker

Submit Comments to CRA Modernization Initiative

By | November 14, 2018

Several staff members of Thomas Compliance Associates (TCA) attended the recent CRA & Fair Lending Colloquium and obtained valuable information from the sessions. One theme that stood out and presenters stressed was that bankers can help shape the re-write of the Community Reinvestment Act (CRA) regulation. The Office of the Comptroller of the Currency (OCC) …

Submit Comments to CRA Modernization Initiative Read More »

disclosure definition

FFIEC Releases 2017 CRA Public Data Tables

By | October 26, 2018

On October 25, 2018, the FFIEC released the public disclosures for CRA data submitted for the calendar year 2017. Institutions that report CRA data should go to the FFIEC website and download their disclosure tables for availability on request. The report should be made a part of your CRA Public File within three business days …

FFIEC Releases 2017 CRA Public Data Tables Read More »

FDIC sign

Regulatory Announcements October 2018

By | October 25, 2018

Various regulatory agencies have released resources over the past couple weeks. As part of being a compliance partner and showing clients A Better Way with TCA, please see the following key insights. Appraisal FAQ Released On October 16, 2018, the OCC, FDIC and FRB released a joint Frequently Asked Questions document in response to comments …

Regulatory Announcements October 2018 Read More »

selecting audit button

TRID is all grown up – now what? TRID Exams Get Tougher

By | October 17, 2018

Happy Birthday, TRID! It’s hard to believe but the TILA/RESPA Integrated Disclosure Rule is three years old this October! Remember when it was a cute little Reg? No? I must confess, neither do I! From the onset of compliance in October 2015 to the publication of the final rule on July 7, 2017, TRID remains …

TRID is all grown up – now what? TRID Exams Get Tougher Read More »

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Email for Non-Confidential Information Only

[email protected]

Office Location

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

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