Financial Services


Schneider Downs’ Financial Services industry group provides financial institutions of all sizes with the expertise to effectively address their needs in risk management, IT security and internal audit.

Financial institutions operate in a heavily regulated environment that is experiencing unprecedented regulatory change and technological obstacles. As one of the largest consulting practices in the region, Schneider Downs is well-equipped to help institutions navigate these changes. 

Our team is an industry leader in strategic risk management, technology risk and organizational improvement that can supplement existing internal audit, risk, consulting and IT teams or act as a full-service solution provider for our financial industry clients.  

We offer both functional and industry expertise in critical areas of technology risk and leading frameworks, and all team members have significant roles in supporting our financial services clients. Many have worked within the industry prior to joining the firm. 

This collective experience results in uniquely diverse and deep expertise delivered on each engagement from several subject-matter experts in the internal audit, risk, compliance, data analytics, digital transformation and cybersecurity space. We strive not only to ensure the objectives of our clients are met, but also to identify efficiency and best practice opportunities in all engagements. 

Financial Services Industry Solutions

At Schneider Downs, we provide extensive and comprehensive solutions to our financial services industry clients.


Solutions include penetration testing, vulnerability assessments, digital forensics and incident response, infrastructure assessments and ransomware security services. Learn more

IT Risk Advisory

Solutions include data privacy and security, disaster recovery/business continuity, systems implementation assurance and FFIEC IT audit and general controls evaluations. 

Internal Audit

Solutions include audit sourcing and outsourcing, strategic functional assessment and transformation, benchmarking and metrics, robotic process controls automation, quality assurance reviews (QARs) and quality assurance and improvement planning (QAIP). 

IT Compliance Framework

Solutions include GLBA, GDPR, HIPAA compliance assessment, CMMC, PCI, National Institute of Standards and Technology (NIST), ISO 27001 and more. Learn More

Risk Advisory

Solutions include System and Organization Controls (SOC) reports (readiness, SOC 1, SOC 2 and more) and Sarbanes-Oxley (SOX) readiness and SOC 1 and 2 assessments. Learn More

Risk Management

Solutions include enterprise risk management assessments, third-party risk management, merger and acquisition risk evaluation and fraud risk assessment. Learn more

Financial Services Helpful Links

        Financial Services Industry Resources

About Schneider Downs Industry Groups

Schneider Downs recognizes that every industry is different, often presenting unique challenges that require individualized insight, innovation and experience. Our experience in these industries is enhanced through participation in focus groups, which address the characteristics that make these industries unique.  

For more information on additional industries we serve please visit or contact us at [email protected].  

case studies

                                    Company impacted by ransomware.
big problem:
Company impacted by ransomware.
big thinking:
Restore system on-site and avoid six-figure ransom.
                                    Inefficient tax credit realization.
big problem:
Inefficient tax credit realization.
big thinking:
Identified a $900,000 tax credit, nearly twice as much as prior years.

our thoughts on

UPDATE: Inflation Reduction Act – Final Senate Version Eliminates the Change in Carried Interest Rules

Learn how the final Senate version of the Inflation Reduction Act eliminates the change in carried interest rules with a provision calling for a 1% excise tax incurred on corporate stock repurchases.

read more >

Inflation Reduction Act – Tax Provisions Included in Proposed Legislation

Better understand the tax provisions included under the proposed Inflation Reduction Act of 2022.

read more >

United States Deals with Baby Formula Shortage

Read how the Baby Formula Shortage is a reminder to consistently evaluate supply chain risk to your organization, and to have a plan in place to mitigate risk.

read more >

Staying Secure During Vacation Season

Stay cyber safe during vacation season with these tips from the Schneider Downs cybersecurity team.

read more >

What Would You Say You Do Here?

Explore the new Schneider Downs video series showcasing how big thinking and personal focus are driving client success.

read more >

Cash and Controls: Qualifying for Cyber Insurance in 2022

Learn more about the increasingly competitive cyber insurance landscape and the key security controls businesses must have in place to qualify for coverage.

read more >

Why The Coinbase Super Bowl Commercial Left Security Professionals Shaking Their Heads

Learn why security professionals were less than thrilled with the Coinbase QR code Super Bowl commercial.

read more >

Individual Tax Filing Season to Begin January 24

Learn more about US individual tax filing season beginning when the agency starts accepting and processing 2021 tax returns on January 24, 2022.

read more >

New Pennsylvania Electronic Payment Requirements for Personal Tax Payments Greater than $15,000 Beginning January 1, 2022.

Learn more about the January 1, 2022 requirement that personal income tax payments equal to or greater than $15,000 must be paid electronically.

read more >

Schneider Downs Trucking Industry Whitepaper Series Update

Explore critical topics facing the trucking industry in our State of the Industry whitepaper series from Schneider Downs and the Ohio Trucking Association.

read more >

Apache Log4j Vulnerability Update – Government Responses and Ransomware Activity

The article provides a comprehensive update on government responses and ransomware activity associated with the Apache Log4j vulnerability.

read more >

Apache Log4j Vulnerability Update

Learn more about the Apache Log4j remote code execution vulnerability and why this is already regarded as one of worst software flaws in years.

read more >

Important Tax Savings News for the Construction Industry: Meals Portion of Per Diem Rate or Allowance Now 100% Deductible for 2021 and 2022

Learn more about IRS notice 2021-63 providing construction tax savings regarding meals portion of per diem rate or allowance now 100% deductible for 2021.

read more >

Estates and Trusts Tax Update - November 2021

Get the latest estates and trusts tax updates from our estate planning professionals.

read more >

Higher Estate Tax Exemption Amount for 2022

Learn more about the increased exemption amount from the federal estate tax in 2022.

read more >

International Fraud Awareness Week 2021

Learn more about the Association of Certified Fraud Examiners International Fraud Awareness Week.

read more >

Tax Reform 2021 - Build Back Better: Proposed Changes to Section 199A Qualified Business Income Deduction

Learn more about the proposed changes to section 199A qualified business income deduction under the Build Back Better Act.

read more >

Proposed Legislation Targets Estate and Gift Tax Planning

Learn more about the estate and gift tax planning opportunities under the proposed Build Back Better Act legislation and what those changes entail.

read more >

IRS Provides Taxpayer-Friendly Guidance for the Employee Retention Credit

Learn more about the recent IRS Guidance regarding the Employee Retention Credit, including clarity on Gross Receipts.

read more >

COVID-19 Scams Surge with New Variants

Learn about the rise in scams related to the recent COVID-19 surge to be better prepared to identify and avoid these threats.

read more >
contact us

This site uses cookies to ensure that we give you the best user experience. Cookies assist in navigation, analyzing traffic and in our marketing efforts as described in our Privacy Policy.