Regulatory exam management helps exam owners proactively prepare and navigate exams conducted by regulatory authorities, such as full scope, compliance, BSA/AML, and specialty exams. Financial institutions use these processes to evaluate their proficiency in regulations related to their industry.
Risk Cloud’s Regulatory Exam Management Application is built to support examination owners on everything they need to complete an exam successfully and cut down on the manual work. The Application provides a central location to document exams and their findings so exam owners can quickly access whatever is needed when a regulatory authority, like FINRA, SEC, NCUA, OCC, or CFPB, decides to conduct an exam.
Once the exam is complete, exam information and findings can be easily captured, assigned to owners, and tracked through remediation within Risk Cloud.