Whether working with a large commercial bank, local community bank, debt collection agency, or a mortgage originator or servicer, SolomonEdwards Banking & Financial Services (B&FS) practice provides the talent, expertise and solutions clients need to solve complex issues and challenges. We have firsthand experience in handling some of the most complex issues the banking and financial services industry has faced in decades. And, we are poised to help financial institutions of all sizes improve operations and mitigate risk.
In addition to assisting financial institutions, SolomonEdwards is one of eight Receivership Assistance Contractors (RAC) for the Federal Deposit Insurance Corporation (FDIC), charged with aiding the FDIC in the closing of failed financial institutions and the disposition or liquidation of institutional loan portfolios. Since becoming a trusted partner for the FDIC in February 2009, SolomonEdwards has been assigned more than 100 task orders requiring deployment of more than 1,700 professionals and hundreds of thousands of man-hours.
When requested to perform an engagement or respond to a task order by our federal government clients, our B&FS practice selects a quality oversight leadership team and an on-site management team from its group of industry experts. This team ensures thorough understanding of the project objectives, anticipated return from the project, timeline, budget and associated risks. The team then determines the talent needed for the project and the timing of deployment. Within days, and sometimes hours, our deployment team will select, qualify and "stage" the team for management review.