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By RegEd: Branch Audit Management - Ensuring Risk Mitigation
Regulators, such as FINRA, the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (CFPB), expect banks and other financial services firms to manage existing risks at every level—and to be equally prepared to detect and control new and emerging risks. Poor fraud detection and unethical sales practices in the branch network create high-risk situations and rigorous assessments of branch compliance with policies, procedures and controls are essential so that oversight stakeholders can identify the branches that warrant attention and remedial activities.
RegEd’s industry-leading Audit Management solution enables banks to fully plan, schedule, conduct, resolve and report on branch and internal audits. The solution standardizes intake, remediation and reporting conventions to drive consistency and ensure that the audit program is being executed within company and regulatory guidelines.
Download this executive brief here to learn more.