RCSA (Risk Control Self-Assessment) reports are critical to managing and mitigating risks across the organization but are often challenging to conduct and report on efficiently. The RCSA process requires each business unit to complete self-assessment reports and submit them to risk managers, who then often…

Compliance and risk performance is often measured by the financial penalties or losses that were prevented or realized; however, relying on this set of metrics can hide a more comprehensive view of risk and compliance program…

As the year ends, managers are working on creating plans and strategies for 2020 and finalizing the budget for the next year. Risk and compliance managers want access to the latest risk and compliance technology that…

There is a divide between the value of achieving peak operational risk management versus the tools made available to operational risk managers. Risk managers typically rely on general-purpose software, such as spreadsheets. While this method is…

Banking is evolving – shouldn’t risk and compliance management evolve along with it? Change and progress are constant – the banking sector has always been improving its services by using the latest available technology. However, sometimes the…

We are living in a time of immense technological growth. The information age has enabled advances in technologies that exponentially increase productivity and efficiencies. Regulatory change management (RCM) systems have benefited greatly from these technological leaps and have evolved along with technology. A Chronology of Regulatory…