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Model Risk Management: Regulatory Priorities and Best Practices

Abrigo

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. .

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The FFIEC’s Architecture, Infrastructure, and Operations book

Cisco

It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems.

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PSCU Taps New Leaders To Advance Products, Innovation

PYMNTS

PSCU has appointed Denise Stevens as senior vice president and chief product officer, while Scott Young will head the product delivery leadership team as vice president of innovation, PSCU announced today (Feb. Stevens will oversee product delivery and management, as well as its innovation teams. Young will report to Stevens. “We

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Ten qualities of a successful BSA officer

Abrigo

BSA training and experience must be extensive to meet regulatory expectations of a BSA Officer being competent and able to execute all duties effectively. Financial services experience: Practical experience in the banking or financial sector, especially in compliance, risk management, or auditing roles, is invaluable for a BSA Officer.

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Five Priorities When Bank Strategy Meets Business Continuity

Gonzobanker

While banks have increased VPN connectivity, provisioned new laptops, expanded video conferencing licenses and realigned branches to appointment/drive-through models, the real leadership test is just beginning. Priority #3: Realign Business Priorities and Operations. Priority #4: Revitalize Sales and Marketing. Stay safe, friends!

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How to Win Small Business Loans This Year

Abrigo

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. The good news is that some vendors can assist financial institutions with process optimization and management changes to help them improve policy and operations.

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Why now is the time to update your bank’s corporate governance

Independent Banker

During the pandemic, many community banks needed to change how they operated. For this and other reasons, now is a good time to review and refresh articles, bylaws and committee charters to ensure resilience and bolster risk management. But if they see it as a risk management tool, it’s a game changer.

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