MINNEAPOLIS--(Wolters Kluwer Financial Services announced today that it continues to expand upon its growing regulatory and risk management expert knowledge base with the addition of Calvin Holmes Calvin Holmes to the company’s Consulting Practice. Holmes, who was previously an examiner with both the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of Currency (OCC), joins Wolters Kluwer Financial Services’ growing roster of more than 400 in-house regulatory and risk management personnel.)--
“I share Wolters Kluwer Financial Services’ mission of helping financial services professionals make intelligent and clear-sighted decisions in this rapidly-changing regulatory and business environment”
In his prior roles with the CFPB and OCC, Holmes worked on examination strategy development, and regularly examined financial institutions, evaluating their consumer compliance and anti-money laundering monitoring practices and recommending solutions to any identified compliance gaps. Holmes has also served as a compliance analyst for Option One, JPMorgan Chase, and Cendant mortgage corporations during his 15 year career in the financial services industry.
In his new role as a senior consultant with Wolters Kluwer Financial Services, Holmes will work directly with financial institutions to help them create comprehensive compliance risk management programs aligned with emerging regulatory requirements and more stringent regulator expectations. More specifically, he will help them perform compliance program assessments, review their policies and procedures, conduct compliance monitoring reviews, evaluate the adequacy of their controls, conduct mock exams and exam preparedness reviews, and train staff and Board members.
Holmes will be a featured speaker at the upcoming CRA and Fair Lending Colloquium, a conference co-sponsored by the American Bankers Association and the Independent Community Bankers Association. “The continued addition of experienced and knowledgeable experts like Calvin to our organization further strengthens our ability to provide valuable direction to financial institutions on the new consumer-centric regulatory environment they face,” said Timothy Burniston, vice president and senior director of Wolters Kluwer Financial Services’ Consulting Practice. “This is more important than ever as the CFPB and other federal regulators quickly introduce new consumer protection rules and policies, and become much tougher in their examination and enforcement efforts.”
“I share Wolters Kluwer Financial Services’ mission of helping financial services professionals make intelligent and clear-sighted decisions in this rapidly-changing regulatory and business environment,” said Holmes. “I’ll draw upon my strong experience as a former regulator and banker to help them more efficiently addresses their most pressing compliance and risk management challenges.”
About Wolters Kluwer Financial Services
Whether complying with regulatory requirements, addressing a single key risk, or working toward a holistic risk management strategy, more than 15,000 customers worldwide count on Wolters Kluwer Financial Services for a comprehensive and dynamic view of risk management and compliance. Wolters Kluwer Financial Services provides audit, risk and compliance solutions that help financial organizations improve efficiency and effectiveness across their enterprise. With more than 30 offices in 20 countries, the company’s prominent brands include: FRSGlobal, FinArch, ARC Logics for Financial Services, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2011) €3.4 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.