CCG Catalyst, a bank consulting firm founded in 1998 and based in Phoenix that provides strategic direction for banks, announced Virtual Compliance Management, a Hayward, Calif.-based consulting firm focused on providing flexible compliance solutions to the financial industry, as a new division within the company.
The new virtual compliance management division is an advisory retainer business through which CCG Catalyst consultants advise a bank or its compliance officers, or can serve as the bank’s virtual chief compliance or risk officer. This new business unit focuses on assisting with essentially any as-needed banking compliance service, including auditing bank policies and procedures, conducting training classes and implementing quality control reviews.
“Our new compliance division further adds to the company’s suite of customized banking solutions and expands our team of specialized experts tasked with boosting profitability and enhancing service levels for banks,” said Paul Schaus, president of CCG Catalyst. “It also adds a critical layer of specialized auditing services to ensure banks meet all state and federal regulations.”