Small Business Administration
Paycheck Protection Program "PPP" Services

 

Helping financial institutions mitigate the risks associated with the PPP

 

In response to the volatility created by the COVID-19 pandemic, the government has injected liquidity into the financial market. Financial institutions need to be agile and responsive in adapting their existing infrastructure and processes to comply with the Small Business Administration's (SBA) PPP requirements.

 

This will place additional focus on your customers' risk profiles and achieving compliance with the CARES Act and the PPP. As such, banks will need to process and sign off on incremental volumes of applications in a shortened timeframe.

 

KEY CHALLENGES

 

Difficulty navigating evolving regulations, laws and procedures

The need to ensure that disbursements to small businesses and individuals are made in compliance with PPP requirements

Resource strain when handling increased workload and subsequent challenges with loan servicing and monitoring

Operational risk from manual processes supporting the PPP (e.g. data entry and fraud exposure)
Technology overburden due to handling this complex process on short timelines
Protecting client information and ensuring data privacy in a remote working environment

 

Our Services

 

 

Governance & Oversight

 

Establish a governance framework to manage the impact associated with the program
 

illustrative governance model

 

 

PROJECT MANAGEMENT

 

Set up a dedicated project management program to address the SBA challenges and ensure fast, compliant delivery
 

Illustrative PMO components

 

 

COMPLIANCE ADVISORY

 

Evaluate compliance with PPP characteristics and ensure that key elements of existing BSA/AML and KYC requirements are appropriately incorporated
 

Illustrative Compliance Program gating

 

 

QUALITY ASSURANCE

 

Augment the QA process by providing subject matter expertise in SBA lending to prevent erroneous payments and fraud (e.g. fictitious or duplicate disbursements)
 

Illustrative QUALITY CONTROL PROCEDURES

 

 

EXECUTION SUPPORT

 

Address backlogs and bottlenecks caused by high volume of loan requests, ensuring timely execution and payments to small businesses
 

illustrative Execution components

 

 

DATA ANALYTICS MONITORING & SUPPORT

 

Utilize Mazars' customized tools for efficient data processing and managing risk exposure
 

illustrative Execution components

 

Please contact us for questions about our services.
Shiv Venkatraman | Director
Governance, Risk and Compliance
818.414.0738
Shiv.Venkatraman@MazarsUSA.com