What are board advisory services?
Board advisory services provide strategic guidance to boards of directors on financial crime compliance, regulatory positioning, and program governance. These services help board members understand their fiduciary responsibilities, evaluate program effectiveness, and make informed decisions about compliance investments. Advisors translate complex regulatory requirements into business language, assess risk exposure, and provide independent perspectives on program maturity and regulatory readiness.
What does an advisory board do for a company?
An advisory board provides strategic counsel and subject matter expertise to help companies navigate complex challenges and opportunities. In financial crime compliance, advisors help leadership teams understand regulatory expectations, assess program effectiveness, and develop risk-appropriate strategies that support business objectives. They bring independent perspectives, industry experience, and specialized knowledge that complement internal resources and help organizations make more informed strategic decisions.
How is executive advisory different from fractional compliance officer services?
Executive advisory focuses on strategic counsel, governance frameworks, and board-level guidance—helping leadership make informed decisions about program direction and investment. Fractional compliance officer services provide ongoing operational oversight, day-to-day program management, and regulatory accountability. Many organizations benefit from both: advisory services for strategic direction and fractional CCO services for program execution and regulatory representation during exams.
What does a typical executive advisory engagement look like?
Engagements are tailored to leadership needs and typically include an initial program assessment, strategic planning sessions with boards and executives, development of governance frameworks and reporting structures, and ongoing counsel during critical decision points or regulatory events. The scope ranges from project-based strategic reviews to retainer-based relationships providing continuous access to senior compliance expertise for board meetings, regulatory interactions, and program decisions.
Can Pillars FinCrime Advisory support us during an active regulatory action?
Yes. Pillars provides rapid-response crisis management support during consent orders, enforcement actions, or program remediation requirements. This includes developing remediation plans that satisfy regulatory requirements, establishing governance structures that demonstrate accountability, improving board reporting and oversight mechanisms, and providing strategic counsel throughout the remediation process. Their experience helps leadership teams navigate high-stakes regulatory situations with confidence and clear action plans.
How does Pillars FinCrime Advisory help boards prepare for regulatory exams?
Pillars helps boards understand regulatory expectations, assess program readiness, and develop clear communication strategies for examiner interactions. This includes reviewing program documentation, identifying potential deficiencies, creating remediation roadmaps, and preparing board members to demonstrate effective oversight and governance during exam discussions. The goal is positioning your organization to demonstrate program maturity and board-level accountability that satisfies regulatory expectations.
What types of organizations do you serve with executive board advisory services?
Pillars FinCrime Advisory serves fintechs, payments companies, and financial institutions at various growth stages—from early-stage companies building their first compliance programs to established institutions strengthening governance and regulatory positioning. Services are available nationwide across all U.S. markets and scale to your needs, whether you require strategic guidance for a specific challenge, fractional leadership during a transition, or ongoing advisory support as your program matures.
What qualifications does the advisor at Pillars FinCrime Advisory bring to the table?
Pillars FinCrime Advisory is led by Joshua Douglas, a CAMS-certified compliance professional with 12+ years of specialized financial crime experience and nearly 20 years across the broader financial services industry. He works directly with boards and CEOs to translate regulatory expectations into clear business language, develop governance frameworks, and help leadership teams make informed decisions about program investment, risk appetite, and strategic positioning.