James R. Causey
Jim Causey, Senior Director II with Treliant, is an experienced executive with compliance, Anti-Money Laundering/Bank Secrecy Act (AML/BSA), strategic advisory, corporate finance, and operations experience with banks, thrifts, and financial services consulting firms.
At Treliant, recent engagements include: reviewing various governance and compliance elements of a large international bank’s Interbank Offered Rate (IBOR) compliance framework, as part of a monitorship of the bank; helping a large international bank prepare for a targeted Regulation W examination of transactions between the bank and its affiliates, conducted by a joint Federal Reserve, Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC) examination team; performing compliance management program assessments for the mortgage servicing unit of one of the nation’s largest Business Process Outsourcing (BPO) firms and for various marketplace lenders; assisting various banks in the remediation of regulatory enforcement actions; helping a mid-sized bank assess the adequacy of its internal controls over regulatory reporting; and helping a mid-sized bank validate its Dodd-Frank Act Stress Test (DFAST) models for operational risk. Jim is also a recognized expert in valuing marketing services agreements and benchmarking the pricing of settlement services under the TILA-RESPA Integrated Disclosures rule (TRID) rule.
Jim also provides assistance with remediating various forms of enforcement agreements. In this capacity, he performs management assessments and compliance staffing assessments and manages a variety of compliance and AML/BSA testing assignments. In addition, he helps manage large-scale file reviews relating to mortgages (compliance with TRID and the Home Mortgage Disclosure Act, or HMDA), credit cards (add-on products and collections), and AML/BSA (suspicious activity monitoring and alert escalations).
As a former Director, Chief Financial Officer, and Chief Retail Banking Officer for two community banks, including one that operated a nationwide mortgage lending business, Jim has 40 years of experience, including overseeing regulatory Community Reinvestment Act (CRA), consumer compliance, and safety and soundness (including AML/BSA) examinations, enabling him to provide strategic and practical advice to financial firms on the challenges they face today.
Jim has an extensive history in corporate finance and capital transactions, stemming from his 20 years of consulting and investment banking as Managing Director with Kaplan, Smith & Associates, a nationwide consulting and financial advisory firm, and Credit Suisse First Boston, an investment banking firm that acquired Kaplan Smith. He has experience in transactions including federally assisted and nonsupervisory bank mergers and acquisitions, purchases and sales of mortgage companies and servicing portfolios, and new bank start-ups.
He has also provided litigation support and expert testimony in a number of matters. In addition, he has published various articles on risk management.
Jim holds an MA in Economics from George Mason University in Fairfax, Virginia, and a BA in American Studies and English from Millikin University in Decatur, Illinois. He is also a Certified Regulatory Compliance Manager (CRCM) and a Certified Anti-Money Laundering Specialist (CAMS).