Your regulatory compliance burdens continue to grow. What regulations do you need to be concerned about, based upon the products and services you offer?
Our Regulatory Compliance Risk Assessment Package can help you:
- Identify the major inherent risks within your business lines
- Identify any business processes used to manage those risks
- Produce a residual risk score for the product or service offered
The Regulatory Compliance Risk Assessment Package contains three modules.
BUSINESS LINES COMPLIANCE RISK ASSESSMENT MODULE
- Create your risk assessment from pre-loaded business lines best practice information and customize by adding your own unique information
- Built in process to help overcome effects of optimism bias
- Easily perform assessments by business line or operation function
- Provides a framework for consistency regardless of the user
- Compare assessments to each other, past assessments or to pre-loaded information for changes
- Instantly access downloadable report from high level summaries, heat maps and detailed associations between objects, risks and controls
- Interactive charts
- Attach documents to support any items in the risk assessment
- Assign, track and report on tasks
- Manage multiple tasks, assigned to multiple assignees
- Email reminders
- Customize task categories
- Document stage of completion and actions taken, and add attachments as needed to support the steps taken
- Flexible task reporting
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