Financial Services

Financial Services



Translating operational efficiency and regulatory compliance into opportunities for growth.


At Nathan, we work with a sense of responsibility to understand our clients’ specific needs and respond with unique insights to better serve their diverse arrays of customers.

Financial institutions face an increasingly complex commercial and regulatory environment, creating new and evolving challenges that demand foresight, ingenuity, and agility. Drawing on a breadth of industry experience, subject matter expertise, and analytical skills, we help clients navigate this terrain with innovative, forward-looking solutions that optimize performance and create competitive advantages. Banks, government-sponsored enterprises, financial technology (FinTech) firms, and credit unions of all sizes and backgrounds trust Nathan to deliver lasting results through a methodical analytic approach, adaptable and responsive attention, and deep client engagement.

Our services include:


Nathan works with clients to develop and strengthen their compliance with federal mandates while also streamlining operational efficiency. With dedicated professionals apprised of the latest developments in federal and state rules, laws, and regulations, Nathan has the tools and expertise to ensure financial institutions are actively prepared to address existing and evolving challenges in compliance.

We offer services in the following areas:


  • Anti-Money Laundering/ Bank Secrecy Act

The Bank Secrecy Act (BSA), also known as the Anti-Money Laundering (AML) law, mandates that financial institutions protect their clients, communities, and country from money laundering and other financial crimes. Critical to maintaining compliance in AML/BSA is the implementation of a data gathering and data analytic program to monitor customer behavior and report suspicious activity to the proper authorities. Nathan can work with your institution to strengthen these efforts, ensuring data is governed properly and detection parameters are consistent with the latest regulatory and industry standards.


  • Fair Housing Act

The Fair Housing Act (FHA) prohibits discrimination in mortgage lending and servicing on the basis of race, ethnicity, sex, age, etc. Under the Biden Administration, the Department of Justice has directed greater efforts toward enforcement of the FHA, particularly as it relates to redlining, heightening the necessity for prudent monitoring of lending practices by financial institutions. With extensive experience in developing, implementing, and validating quantitative models that monitor fair lending, fair servicing, and redlining risk, Nathan is equipped to ensure your institution is compliant with FHA regulations.


  • Home Mortgage Disclosure Act

Compliance with the Home Mortgage Disclosure Act (HMDA) requires a substantial data governance and data management effort on behalf of financial institutions. The federal law requires mortgage lenders to keep records of and submit to the Consumer Financial Protection Bureau (CFPB) over 100 loan and borrower characteristics for each home purchase, refinance, or home improvement loan issued by the lender. Nathan’s breadth of experience in this area can help your institution ensure your HMDA data is properly collected, formatted, and submitted.


  • Office of Foreign Assets Control

The Office of Foreign Assets Control (OFAC) of the US Department of Treasury administers and enforces economic and trade sanctions against countries and groups of individuals based on national security and foreign policy goals. Compliance with OFAC requires a cohesive framework that includes management commitment, risk assessment, internal controls, testing and auditing, and training. Nathan can work with your institution to build or strengthen these efforts and ensure your OFAC framework meets the latest regulatory and industry standards.

  • Regulation B Equal Credit Opportunity Act (e.g., Section 1071)

The Equal Credit Opportunity Act (ECOA) prohibits discrimination in all aspects of credit transactions, including credit extensions to small businesses, based on race, religion, national origin, gender, familial status, age, source of income, and other personal attributes. Many financial institutions face a new challenge under this regulation, Section 1071 of the Dodd-Frank Act, which requires covered financial institutions to collect and report small business credit application data to the Consumer Financial Protection Bureau (CFPB). The compliance deadline is rapidly approaching, and with expertise and experience in both data governance and fair lending risk, Nathan is equipped to ensure your institution is ready.

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Nathan Associates developed a full-scale Data Governance Program for a medium-sized bank with >$14 billion in assets. The objective was to ensure adherence to industry standards and regulatory requirements on enterprise data management, establish consistent compliance with audit requirements, and increase operational efficiency through timely capture and effective application of quality data through data governance frameworks and processes.

  • Research and Diagnostic Analysis

We conducted 26 diagnostic interviews with senior executives and business line leaders from all areas of the enterprise and, based on key business drivers and resource constraints, generated a suitable data governance strategy for the Bank.

Through a gap analysis, we identified disparities between current and desired future states of data governance at the Bank vis-à-vis data quality controls, accountability structures, technological tools, and policies/procedures necessary for management and treatment of data as an organizational asset.

  • Program Development

Our team developed all the key components of Data Governance at the client Bank, including a framework, charter, and governance structure incorporating key principles of BCBS 239, as well as incorporating existing policies, processes, people, technologies, and workflows around data quality, integrity, and management.

In the new data governance structure of the Bank, we defined key roles, including Data Owners, Data Stewards, and Data Custodians, and presented the proposed structure to the Bank’s senior executives for adoption Bank-wide.

  • Implementation Support

Our team actively collaborated with business line leaders across the Bank to identify and appoint key roles in the Data Governance Framework, to classify and develop critical missing policies and procedures, and to identify milestones for continuous evolution of data governance at the Bank within a defined timeframe.

The team also developed a plan for ongoing implementation of the client’s Data Governance Program that outlined periodic tasks, procedures, and KPIs/metrics for tracking progress.

We also provided tangible support to the program management team at the client Bank by designing a reporting and communication plan for senior management, the Board, and other key stakeholders that incorporated dashboards, narrative reports, and issue log templates.


Nathan Associates supports organizations of all sizes in improving their risk management frameworks.  We help clients create value while addressing growing regulatory burdens, profitability demands, and ever-changing circumstances like those created by the COVID-19 pandemic.

Our services combine advanced analytics and modern technologies to assist clients in managing exposure across a wide range of risk categories. Our goal is to drive efficiency, effectiveness, and balanced risk coverage across different business units, all while creating appropriate governance structures, improving business results, and complying with relevant regulations. Nathan Associates helps financial firms develop innovative solutions by leveraging best in class risk management practices, models, and tools to accelerate performance and manage uncertainty.

Our services include:

🔘 Enterprise risk | Creation, enhancement, implementation, and review of integrated frameworks for the identification, measurement, mitigation, and monitoring of risks from all sources.

🔘 Credit risk |Assisting in risk identification, measurement, management, and reporting. We are experts in developing, calibrating, and validating dual rating systems, loan origination, and behavioral models.

🔘 Market risk |Include financial risk identification, measurement, mitigation, monitoring, and reporting of exposures to interest rate, commodity, equity, and foreign exchange movements.

🔘 Liquidity risk |Provide treasuries and liquidity risk groups strategic recommendations to identify, measure, and manage liquidity risk and help organizations comply with regulatory expectations and enhance their position.

🔘 Capital management | Help firms anticipate and adapt to regulatory changes and assess their impacts on business models and capital requirements.

🔘 Quantitative services |Apply quantitative techniques to help institutions develop and validate risk measurement and valuation methodologies.

🔘 Valuation & Modeling | Valuing, modeling, and analyzing business interests and their underlying assets; providing transformative insights to turn critical and complex issues into opportunities for growth, resilience, and long-term advantage.

🔘 Compliance risk | Assist with the design of effective, flexible, and robust compliance programs to address unique business, regulatory, risk tolerance, technology, and operational model requirements.

🔘 Model Risk Management |Assist in design, assessment, and independent model validation at consumer and commercial credit institutions and their models, among many others:

  • – Credit scorecards, credit loss forecasting models, allowance for loan loss models and models used to support Basel capital estimates
  • – CCAR/DFAST stress testing models,
  • – Pre-Provision Net Revenue (PPNR) models used in CCAR/DFAST stress testing,
  • – Asset-Liability Management, Interest Rate and Liquidity risks,
  • – Market and counterparty credit risk, including CVA,
  • – Mortgage loan prepayment and valuation models,
  • – Valuation models,
  • – Reporting models

Financial services firms rely on financial and economic models for a wide range of applications across all business units. The level of sophistication of such models varies widely, from relatively simple spreadsheet tools and expert judgement to complex statistical models applied to millions of transactions.

Regardless of the level of sophistication, model usage exposes firms to model risk. Nathan Associates has the experience to support institutions in identifying the possibility of financial losses, preventing incorrect business decisions, correcting misstatements of external financial disclosures, and avoiding the damage to the firm’s reputation that can arise  from possible errors in model design, development, or production. Dozens of companies rely on our expertise to satisfy both internal and regulatory expectations.

Interested in learning how we can help? Contact