Enterprise Risk Management

Succession planning is a critical component of organizational management and sustainability, especially for nonprofits. It involves identifying and developing individuals within an organization to take on key leadership roles when the current leaders transition out. But succession planning isn’t just limited to key internal leadership roles. It also involves identifying and developing your governing board…

Princeton, NJ & Philadelphia, PA – Mercadien, a leading accounting and advisory firm in New Jersey, is proud to announce its 60th anniversary of providing exceptional accounting, tax and advisory services to clients across various industries, including private companies, financial institutions, government entities, nonprofit and human service organizations and individuals and families. Since its establishment…

As a small financial institution, you may not have formalized a comprehensive model risk governance program. Model governance refers to the framework and structure an institution establishes to oversee and manage its models effectively. Such a program is to be in accordance with the Office of the Comptroller of the Currency and Federal Reserve Bank…

You have heard the phrase “risk management” over and over again, but have you taken the time recently to step back and really think about what that means to your organization?  Speaking as a board member of an organization for a moment, it’s my job to understand how my organization thinks about and manages risk. …

When your organization is looking at new technology, it’s easy to get caught in the weeds of evaluation, weighing pros and cons, testing vendors, and more. It’s an arduous process and, with the tech stack of an average business growing each quarter, one that won’t go away. The pandemic accelerated adoption of business technologies, some…

We’ve all read the shocking news of recent financial institution failures. We’re also well aware of quickly rising interest rates and volatility in the market. Regulatory scrutiny is coming, and your institution’s asset/liability and liquidity management (ALLM) processes will fall under more intense review. Are you ready for that? Let’s start by looking at how…

Jorge Olazagasti, MBA, Director & Melissa Correa, CRCM, Manager, of Mercadien’s Financial Institutions Services Group presented a webinar Credit Risk Management During Uncertain Times on Thursday, August 27th. During the webinar, they went over: The immediate impact of the pandemic on credit risk management  Reviewing state specific lending initiatives How to monitor initiatives & delinquencies How…

OK so, a couple weeks of quarantine down, you’ve caught up on all the shows/movies you’ve been wanting to see, cleaned out that junk drawer, read a book, now you’re bored – and from everything we’re hearing all or most of April will be seen from inside our homes as well. I bet you haven’t…

SBA approved lenders, we know supporting your communities is your priority and supporting you is ours!  Are you a financial institution looking to assist borrowers with obtaining relief funds available through the new Paycheck Protection Program (PPP)? The Mercadien team stands ready to help our bank clients move quickly to ease the friction and administrative…

Organizations are experiencing disruption like never before as a result of the COVID-19 pandemic, and there is a lot of uncertainty surrounding what insurance will cover, what assistance is available and how to recover losses from an unprecedented event like this. As a business owner or executive, you may be asking yourself: What is my…