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#2296489 - 04/26/24 07:37 PM Interest Rate Risk Review
slicehead Offline
Member
Joined: Jul 2012
Posts: 52
I am in need of a third party interest rate risk review. Anyone have any affordable recommendations? We are a small bank (60 million) and the company we used on an annual basis no longer provides such a review. I appreciate any feedback. Thanks!

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Audit
#2296511 - 04/27/24 12:01 PM Re: Interest Rate Risk Review slicehead
Happy Birthday rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 84,759
Galveston, TX
Vendor discussions are limited to the private forums. Also, if you post there, mentioning your geographic location might be nice. At that size of a bank, I am not sure you want to hire someone from across the country. Have you talked to your external CPA firm or checked with your State banking association, of which I assume you probably are a member?
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#2296596 - 04/30/24 01:06 PM Re: Interest Rate Risk Review slicehead
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,412
We have performed the Independent Review of the IRR in house. We follow the appropriate guideance. The audit is not that bad.

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#2296618 - 04/30/24 02:18 PM Re: Interest Rate Risk Review slicehead
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,752
Florida
What osucpa said. Use their workpapers and do it yourselves.
If you subscribe to the ICBA working paper series, they should have an audit program available in there.
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