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.

How It Works

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.

Why You Need It

• Get proactive on regulatory exams so that you are prepared whenever an exam might pop up 
• Centralize all of your exam information into one, easily accessible location
• Create and execute an action plan from the regulatory exam findings labeled as Matters Requiring Attention (MRA) or Matters Requiring Immediate Attention (MRIA)
• Avoid regulatory fines, financial performance issues, or damage to your risk profile