Why choose us? Because we offer value added! All banks and financial institutions, but in particular small and middle-sized ones, need to take action to structure the duties and organisation of both their Internal Audit and IT Audit functions as required by the German Banking Supervisory Board's Minimum Requirements for Risk Management (MaRisk) and the high personnel and material costs associated with these requirements. Outsourcing, i.e. the transferring of internal audit as well as other functions and services to external companies is a simple and effective way of enabling these companies to be market compliant and competent on the one hand, while remaining dynamic and adequately positioned on the other. By outsourcing, firms not only can accurately budget their costs and keep them transparent, but they can also simultaneously fulfill their legal requirements. What to expect from your experienced auditor and consultant Professional cooperation based on partnership Ready availability especially for special audits shortened familiarisation periods a wealth of experience in all offered areas of speciality ability to detect risks on time and to identify enhancement potential a variety of problem solutions and confidential representation and protection of your interests OUR SERVICES | Focuses and Approach Internal Auditing (MaRisk-compliancy) Outsourcing (§ 25a German Banking Act, KWG), sporadic or additional audit requirements, Ad-hoc and special audits A]Optimisation of the internal control system (IKS) B]Sarbanes-Oxley-Act (SOX) Section 404 legal requirement for US listed companies C]Analysis of the compliance organisation D]Defence against business criminality / preventative control systems, Forensic testing E]Money Laundering a] special audits b] outsourcing of the money laundering officer position c] staff training Our Approach Defining your end objectives together with you recording of work flows compilation of a Gap Analysis identification of solution possibilities formulation of an implementation concept execution of recommendations and function controls Final audit report IT Auditing (BSI/ITIL/FAIT) Within the scope of an internal audit assignment or as a separate audit A]project-accompanying audits B]Basic principles of orderly data processing (GoDV) C]Basic principles to data access and verifiability of digital documentation (GDPdU) D]IT security E]Contingency planning and testing Our IT Audit focuses Strategy Environment Organisation Infrastructure Interfaces Applications IT supported business processes Security and authorisation concept Data security and restart concept Consulting We offer seminars or workshops even at your premises, if requested A]Staff training B]lecturing C]Temporary provision of personnel D]Support in the initial stages of projects Our Range of Services Staff development concepts Objective setting and evaluation systems Management coaching Temporary support by our own or external specialists Training in Compliance, Money Laundering and Data Protection themes Accompanying support in the implementation of new laws and guidelines Data Protection Analysis of your data processing organisation and data security A]Taking over the function of Data Protection Officer (bDSB) B]Staff Training C]Data protection audits and consultation Our services As-is-assessments of procedures regarding individual-related data Identification of applicable legal requirements Assessment of the data protection relevancy of person-related data Development of an adequate and comprehensive concept Recommendations towards the enhancement of the existing organisation Compilation or rewriting of your data protection handbook Implementation of a new data protection Organisation OUR SERVICES | Fundaments and Areas of Expertise The legal foundations of our work A]Standards according to IDW, DIIR and IIA, BSI, ITIL, ISO 27001 B]Ordinances of the German Banking Supervisory Board (BaFin) and other European banking supervisory bodies (e.g. Banque de France) C]Minimum Requirements for Risk Management (MaRisk) D]German Securities Trading Act (WpHG) / Compliance Officer function (MaComp) E]German Money Laundering Act (GwBekErgG) / Money laundering Officer function F]German Data Protection Act (BDSG) / duties of the company's Data Protection Officer (bDSB) G]Markets in Financial Instruments Directive (MiFID) Our areas of expertise Along with specialising in MaRisk-conformity, our area of expertise also extends to the carrying out of international audits and services on the basis of: CRBF - Comité de la Réglementation Bancaire et Financière NASD - National Association of Securities Dealing OSFI - Office of the Superintendant of Financial Institutions SEC - Securities Exchange Commission REFERENCES Selected References at a glance ABN AMRO Bank N.V. AlphaTrains BCA AG | BCA Bank AG | BCA Austria Finanzdienstleistungen GmbH Bierbaum + Co. GmbH bbg Betriebsberatungs GmbH CARAT Fonds Service AG Commerzbank AG Commerz Finanz GmbH Degussa Bank GmbH Dresdner-Cetelem Kreditbank GmbH dwpbank - Deutsche WertpapierService Bank AG Europe Arab Bank plc FiBO Finanzservice GmbH Hauck & Aufhäuser Privatbankiers KGaA ICAP Deutschland GmbH Maple Bank GmbH B. Metzler seel. Sohn KGaA Misr Bank - Europe GmbH Natixis Zweigniederlassung Deutschland The Royal Bank of Scotland plc VMR Value Management & Research PROFILE Our Profile Wilhelm Teitscheid commands over 30 years of professional experience including 15 years as authorized signatory, director and vice president in several renowned international credit institutions. His company, established in 2003, has so far been successful in procuring international audit contracts in Europe, Canada and the US as well as projects in South Africa. A solid foundation of knowledge and expertise and international competence were the prerequisites for securing these mandates. The company has grown steadily and is now an active and successful player in the market. Wilhelm Teitscheid participates in a working group consisting of the internal audit department heads ofFrankfurt-based private banks and engages in knowledge transfer by way of exchanges of experience and by giving talks and lectures. Your Benefits At all times and wherever we are, our team completes each audit task in a customer- oriented and reliable manner. Our long-serving and well trained staff dispose of a wide and varied range of qualifications, experience and languages. Hence we can respond immediately and flexibly to your needs and provide you with a team of competent professionals who will support you in risk-oriented auditing and consultation processes. CONTACT | LEGAL NOTICE How to contact us Notice according to § 5 German Telemedia Act (Telemediengesetz) WILHELM TEITSCHEID GmbH Services for Financial Institutions Ernst-Abbe-Str. 1 | 60438 Frankfurt Managing Director: Wilhelm Teitscheid Phone:+49 . 69 . 299 . 226 . 93-0 Fax:+49 . 69 . 299 . 226 . 93-3 eMail:wteitscheid@teitscheid-gmbh.de Commercial Register:    60438 Frankfurt/Main, Ernst-Abbe-Str. 1 Register court: Amtsgericht Frankfurt/Main HRB 89686 VAT ID number:    47 24831 103 FA Frankfurt/Main V - Höchst Copyright All copyright and other rights in connection with the internet presence of Wilhelm Teitscheid GmbH including all textual and graphic contents, layout and source texts are reserved. The contents (text and graphics) of this website, including excerpts thereof, may not be changed or used without prior written authorization of Wilhelm Teitscheid GmbH. Furthermore, contents cannot be reproduced, presented, circulated or used in any other way without prior approval. 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