RETAIL BANKING SOLUTIONS: RISK MANAGEMENT DASHBOARD

CONsolidated Financial Enterprise Risk Manager (confERM) is designed to provide financial organizations with a structured approach to managing risk within their organization. confERM gives the users tools to enumerate risks, identify the likelihood of occurrence and the financial exposure associated with each risk and assign controls to reduce the probability of occurrence.

It is important for financial institutions (FIs) to proactively identify risks, and take steps to mitigate the likelihood and impact of those risks before they occur. Risks, especially ones with a high probability and high financial exposure should be evaluated on no less than an annual basis for effectiveness.

confERM’s Management Certification feature facilitates compliance with the Sarbanes-Oxley Act. Users can certify that they have reviewed the risks to a business function within an assessment unit and acknowledge the accuracy of the documentation of the associated controls. confERM produces a printed document for signature by the responsible Senior Officer attesting to this.

confERM is a hosted application, freeing the FI to focus on the content, rather than the environment. The site is backed with a team of experts handling all the hardware maintenance and upgrades. The server is secured with triple data backups, system software updates, upgrades and security patches and is SAS 70 certified.

For more information, contact Pam Winks, Managing Consultant at pwinks@ccpace.com or call 703.631.6600.