Independent Banker - October 2017 - 59

What are your bank's biggest risk management challenges? (Select up to three responses.)
Keeping up with regulatory expectations
of risk management practices
Preparing for cyberattacks
Maintaining the technology and data
infrastructure to support risk decision-making
Fully implementing enterprise risk
management (ERM)
Clearly defining the institution's risk tolerances
Creating a culture that supports bank-wide
risk communication and assessment
Having the in-house risk expertise
Making a financial commitment
to technology, consulting or training
18%
13%
Source: Bank Director, " 2017 Risk Practices Survey Summary Report, " March 2017
25%
22%
35%
51%
48%
65%
committee and administered through outsourced FIS EGRC
service solutions.
The bank now has a program that meets the new regulatory
expectations for a risk management program, and the
compliance program is in full compliance with all applicable
laws and regulations and satisfies the bank's regulators. As
a result, the bank passed its first examination with no issues
cited by regulators.
FIS EGRC solutions for community banks
FIS EGRC Solutions serves more than 5,000 financial
institutions with a full spectrum of products and services
to address the compliance risk mitigation needs of banks.
We are the leading provider of a 360-degree solution set to
manage risks enterprise wide. We also train the examiners
(such as FRB, OCC, FDIC, NCUA and CFPB).
For more information, contact FIS at 800-822-6758 or
fisglobal.com.
3 Big Benefits of FIS EGRC Solutions
Our solutions help banks transform risk management from defense into
offense to attain growth and profitability without problems.
We proactively identify compliance gaps before discovery in regulatory
exams. We also identify efficiency and cost reduction opportunities, and
as a result, compliance costs are typically reduced by 30 percent and
the depth of the compliance function is increased significantly.
We improve employee knowledge, competencies and skills and enhance
operational execution, compliance and client satisfaction at all channels
of delivery.
Solution Examples
* Enterprise Risk Management Program Design and Implementation
* Enterprise Risk Assessment
* Risk Appetite Statement
* Early Risk Manager (ERM) Software Solution
* Compliance Management System (CMS) Diagnostic Review
* BSA/AML/OFAC Program Review
* Compliance Monitoring and Testing Plan Design and Implementation
*
Fair Lending and UDAAP Reviews
* CFPB Exam Preparedness Review
* Regulatory University (Reg U)
* Instructor-led Training
* Policy and Procedure Streamlining Reviews
* Social Media Management Software Solution
601 Riverside Ave., Jacksonville, FL 33204
800-822-6758 | getinfo@fisglobal.com
fisglobal.com
______________

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Independent Banker - October 2017

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