Risk Management & Regulatory Compliance
1 minute read
Aug 5, 2016
Written by: Shawn Sweeney
An upcoming regulatory exam can strike fear into the heart of even the most confident and experienced business leader. And while there’s no trick that will make all of that anxiety go way, knowing what to expect when the examiners arrive on site can go a long way to alleviating your concerns. Here are a few steps you can take to better set you and your team up for a successful exam:
Of course exam prep is best when it actually happens in advance of the receiving the Information Request from the exam team. Put exam dates on your calendar, and then schedule appropriate milestones to prepare.
As most entrepreneurs will tell you, developing a business plan is one of the first critical to-do’s for establishing a new entity. Once that item is checked off the list, there’s often an eagerness to move straight into execution. But hammering out the details of your organization’s “what” is only a starting point. Particularly in professional services, there’s tremendous value in solidifying the very meaningful – albeit intangible – elements around team and culture, which are big drivers in enabling effective execution.
Customer Channels & Operations Management, Data & Analytics, Risk Management & Regulatory Compliance 5 minute read
The Big Picture We remember spending hours (if not days) each month in mind-numbing tedium as junior analysts, producing regular reporting for our business lines. The recurring exercise had us piecing together data from various sources, manually updating Excel files and praying fervently that none of the associated formulas got corrupted along the way. Excel would generate new graphs, which we transferred over to PowerPoint, and, more often than not, further manipulation would be required to fit them into the approved templates to avoid formatting glitches. Copy-Paste was both our dearest friend and greatest foe.
Data & Analytics, Compliance 2 minute read
The Big Picture Whether we’re talking about a policy or the processes your bank has put in place to support its intent, the connection between the two often erodes over time.
Data & Analytics, Risk Management & Regulatory Compliance, Change Management 1 minute read
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