Even when an institution has a full-time compliance officer or fully-staffed compliance department, there is often a need for additional resources or support in times of special need or for special projects. It can be more efficient and cost effective to hire an outside expert for a specific need than to hire employees or delay implementation.
We've handled a variety of tasks on an outsource basis, including serving as the entire compliance department for a small financial institution. We'll be describing some of our experience for this page soon.