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One of the Ten Largest US-based Banks Remediates Practices to Ensure Compliance With Regulations

National financial bank known for their financial success across all banking services.

Signature provided on-boarding and management of consultants to provide end-to-end process, support, and tracking in areas of Anti-Money Laundering, Know Your  Customer, Enhanced Due Diligence, Customer Due Diligence, and Investigations/Alerts.

The Challenge:

Remediation of current practices to meet specific compliancy guidelines.

Client requested assistance with remediation of current practices to comply with Know Your Customer and Anti-Money Laundering regulations, and ensure compliance with the Office of the Comptroller of the Currency.

The Signature Solution:

Signature provided on-boarding and management of temporary contractors to provide end-to-end process, support, and tracking in areas of Anti-Money Laundering, Know Your Customer, Enhanced Due Diligence, Customer Due Diligence, and Investigations/Alerts.

Program Results:

The initial request was for 40 consultants, but with Signature’s efficient and highly responsive process, they were able to screen, select, and on-board over 250 consultants within the first 18 months. These placements are now supporting projects nationwide.

Critical Benefits:

  • Significant cost savings through performance guarantees, no-cost first 40 hours, and volume and early pay discounts
  • Simplified management through a single Signature point of contact for all project staffing and ongoing consultant maintenance
  • Signature dedicated service team, on-boarding process management, and non-billable project coordination
  • Entire on-boarding process managed by a non-billable project coordinator provided by Signature

The Direct Impact:

Using Signature’s project staffing, the client saved $13,520,000 on consultant staffing for the project, compared to alternative solutions being considered, while Signature exceeded their expectations and on-board over 250 consultants within the first 18 months. Within 18 months, the client converted over 60 Signature consultants to permanent associates.

From Our Client:

With every interaction and engagement, there is a level of care and precision that is exceeded. Precision like you would expect from an old-world timepiece that only needs a little polish from time to time and you never worry about its function.

Excellence in execution has never been a fully achievable destination to me; it has been more of an aspiration of a moving target that we continue to evolve to, polish, push, pull… but rarely arrive at.

Somehow your Signature Super Hero Staff has arrived at excellence in execution and they make it look easy. At times I am standing with my hand on my hip and I think, “How did they deliver that, again?!”

— Vice President, Enterprise Financial Crimes

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