Program RISK ASSESSMENT Solution
Program Risk Assessments are a crucial element of effective risk management programs within a bank, addressing risks at different levels across the organization. Watchtower Program Risk Assessment software is informed by regulatory guidance and maintained by SRA’s risk professionals, consisting of former bankers, auditors and regulators. SCHEDULE DEMO
Types of Assessments Available
The Watchtower Program Risk Assessment package includes 10 critical assessments
ID Theft / Red Flags
manage and execute your Program risk assessments
The Watchtower Program Risk Assessment module comes equipped with a package of 10 critical risk assessments designed to address specific areas of concern within a bank's operations. Leverage Watchtower to ensure risks are properly identified, assessed, and managed to protect the bank's interests and comply with regulatory requirements.
Key features include:
Informed by regulatory guidance
Maintained and updated by SRA’s risk experts (former bankers, auditors and regulators)
Includes a package of 10 Program Risk Assessments
Standardized assessments in a modernized platform to facilitate annual regulatory reporting
Accessible and managed through Watchtower to facilitate regulatory requests and examinations
benefits of Watchtower program Risk Assessment
Watchtower’s Risk Assessment solutions can provide many benefits and mature the institution’s risk and compliance program. By leveraging Watchtower to manage and execute your risk assessments, the bank can achieve:
Enhanced Collaboration & Communication
Modernize your risk and compliance program today
Retire manual processes and outdated excel templates by leveraging Watchtower, the holistic risk intelligence platform to execute your program risk assessments. Banks can streamline their risk management processes, improve accuracy, enhance efficiency, and gain better visibility into their risk landscape. Schedule an exploratory call today, to see how Watchtower can create a more effective risk mitigation and governance strategy and stay compliant.
Compliance Thought Leadership
Hear directly from our subject matter experts and learn more about Program Risk Assessments and Compliance Risk Management!