How do FFIEC, NIST, and COBIT frameworks fit together for a bank IT audit, and where does our institution start?

Begin with a risk-based IT assessment that maps your environment to FFIEC handbooks while aligning control objectives to NIST and COBIT. From there, define control gaps, prioritize remediation, and plan testing that supports your next examination cycle. PYA’s IT auditing approach works across these frameworks to create an integrated roadmap your examiners will recognize.

What should we expect in a SOC examination scoped for a financial institution service area?

Expect clear scoping of relevant trust services categories, evidence requests tied to defined controls, and testing that validates design and operating effectiveness. PYA helps institutions and their vendors prepare for SOC by aligning controls to real-world processes and documenting results examiners can follow.

Which IT risks are most often flagged during regulatory exams, and how can we mitigate them before examiners arrive?

Common issues include incomplete risk assessments, weak access management, unclear vendor oversight, and limited incident response documentation. An IT risk management program that includes periodic compliance assessments, cyber intelligence, and remediation tracking reduces findings and speeds resolution.

We need decision-ready reporting from our core and ancillary systems. How can business intelligence help during audits and board reviews?

Curated analytics and dashboards consolidate operational and risk data, provide drilldowns for exam support, and present board-level metrics in a consistent format. PYA designs customized data analytics and visualization to help institutions make timely, defensible decisions.

When is it useful to bring in IT advisory support versus relying on internal resources?

Bring in advisory support when you face new regulations, complex technology change, mergers, outsourcing assessments, or when you need interim leadership to stabilize programs. PYA provides comprehensive IT assessments, cybersecurity reviews, outsourcing evaluations, and pre and post-merger IT diligence that complement internal teams.

How do we structure an ongoing IT compliance program that stays exam-ready year round?

Build a program that schedules periodic control testing, updates the risk register as systems change, refreshes policies, and tracks remediation to closure. PYA helps institutions design risk management programs and compliance assessments that hold up to regulatory scrutiny.

Financial Institutions IT Security & Compliance

PYA’s focus on technology is designed to help optimize the integration of business functions and technology.  As technology advances, we help clients find ways to successfully and securely deploy technology that maximizes the value of the investment without compromising privacy, security, and industry compliance requirements.

With decades of industry knowledge and executive level IT experience, our team helps providers develop or asses their systems and technology strategies by identifying, assessing, and mitigating risks. PYA excels in Business Intelligence, offering customized Data Analytics solutions and state-of-the-art Dashboard and Visualization tools designed to help our clients with timely data-driven decisions.

Our Financial Institutions Information Technology Services

IT Auditing

Federal Financial Institutions Examination Council (FFIEC)
National Institute of Standards and Technology (NIST)
Control Objectives for Information and Related Technologies (COBIT)
System and Organization Controls (SOC) Examinations

Business Intelligence

Customized Data Analytics  
Dashboards and Visualization

IT Advisory Services

Comprehensive IT Assessments
Cybersecurity Assessments
IT Outsourcing Assessments
Pre & Post Mergers & Acquisition IT Assessments

PYA Healthcare Pediatrics Compliance Experts

IT Risk Management & Compliance

Risk Management Program Development and IT Compliance Assessments
Cyber Intelligence

Why Choose PYA?

Visual Map of Bank IT Controls Across FFIEC, NIST, and COBIT

Integrated IT Auditing and Compliance Know-How

PYA aligns IT auditing with FFIEC, NIST, COBIT, and SOC examination needs, helping institutions document controls in a way examiners can follow while reducing remediation cycles. PYA

Practical Analytics and Advisory Support

From customized data analytics and dashboards to comprehensive IT and cybersecurity assessments, PYA pairs hands-on advisory work with decision-ready reporting for leadership and boards. PYA

Relationship-Focused, Independent, and Responsive

PYA’s private ownership reinforces independence, our long-term client relationships guide how we work, and our teams are known for timely responses when institutions need support most.

The PYA Difference

Over our 40-year history, PYA has consistently delivered high-value advisory services to our national client base. Our team is deployed to develop custom plans using proven approaches and work plans.

Independence

Private ownership means we answer only to our clients, not to third-party investors, giving us the freedom to be thorough and thoughtful in our work. We judge our success by our clients’ success.

Relationships

We value long-term relationships and work hard to maintain them. Our commitment to client relationships and the communities we serve remains constant.