Charlotte Business Journal: Bank Consulting Firm Launches Cyber-security Division

From the Charlotte Business Journal:

“Richmond, Va.-based consulting firm Strategic Risk Associates is entering the world of cyber-security. The firm is made up of about 30 former bankers and industry watchers. SRA advises banks and financial-services clients on issues that include enterprise-risk management, mergers and acquisitions due diligence, stress testing and capital planning.”

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William Bane Joins Strategic Risk Associates; Firm Expands to West Virginia

Richmond, VA – Strategic Risk Associates, LLC (“SRA”), a national advisory and consulting firm specializing in banks and financial services, is proud to welcome, West Virginia Bank Risk Professional and Certified Public Accountant, William E. Bane, as Senior Manager, Enterprise Risk Management and Internal Audit. Bane is a native of Barboursville and Huntington, West Virginia and currently resides in Princeton, West Virginia. “As Senior Manager, William will identify solutions to help banks and financial services companies with issues and manage risk through today’s challenging economic and regulatory climate and expand our product and service offerings to banks throughout West Virginia and in southwest Virginia”, says Michael Glotz, Founding Partner at SRA.
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SRA Names Senior Managing Directors

Strategic Risk Associates (SRA) announces that a longtime member of the SRA team and an incoming team member have been named Senior Managing Directors.

WASHINGTON, DC (PRWEB) OCTOBER 20, 2015
Strategic Risk Associates (SRA) announces that a longtime member of the SRA team and an incoming team member have been named Senior Managing Directors. Both directors have a 30+ year career in the financial services industry and are known for their leadership.
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Information Technology and Security Services

RICHMOND, VA (PRWEB) OCTOBER 06, 2015

Strategic Risk Associates (SRA), a leading financial services consulting firm, announces the launch of the Information Technology and Security Services division to help client banks and financial service companies address technology strategy, cybersecurity, IT audit/control, process assessment and development, and governance services. SRA’s Information Technology and Security services will help organizations optimize their technology by improving operating effectiveness, efficiency and internal control. Continue reading “Information Technology and Security Services”

Strategic Risk Associates and Accutive Form Partnership to Provide Wider Services to Banking Customers

Creating a one-stop shop for the Financial Industry

RICHMOND, VA (PRWEB) July 07, 2015

Strategic Risk Associates (SRA), a leading financial services consulting firm, and Accutive, a provider of IT services and products, announce a new partnership that will deliver significant benefits to organizations seeking a wide range of Governance, Risk, and Compliance Management Solutions.
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Bank Stress Testing: Check The Box Exercise or Competitive Advantage?

Bank stress testing is credited with restoring stability during the financial crisis and is featured prominently as a critical forward-looking risk management tool. In congressional testimony Jamie Dimon recently championed the need for rigorous stress testing and independent review. Dodd-Frank requires all banks over $10 billion to perform annual company run stress tests and the largest banks get an additional annual FED conducted supervisory stress test. Results from both tests will be disclosed publicly adding a market discipline aspect to stress testing.

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Managing Through Regulatory Enforcement

Leading a federally insured financial institution through a regulatory enforcement order will most assuredly rank as the most trying challenge of a bank executive’s career. Excepting instances of fraud, egregious mismanagement or blatant disregard for regulatory direction, banks generally enter into regulatory agreements under extraordinary financial stress borne from aggressive lending during boom times, followed by the inevitable borrower fallout resulting from a punishing economic downturn. As a rule, banks in this category fall into “troubled condition,” and for many, the very viability of the institution is called into question.

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