IT & Operational
Risk Assessment
We do operational risk assessments for financial institutions, including IT risk assessment, Gramm Leach Bliley Act (GLBA) / National Credit Union Administration (NCUA) Part 748 risk assessment, and payment product risk assessment.
We deliver a report that includes:
Risk Assessment
We do operational risk assessments for financial institutions, including IT risk assessment, Gramm Leach Bliley Act (GLBA) / National Credit Union Administration (NCUA) Part 748 risk assessment, and payment product risk assessment.
We deliver a report that includes:
- An assessment of inherent risk which takes into account the institution’s specific systems, transaction volumes, and transaction values
- An assessment of controls based on the selected guidance(s)
- An assessment of residual risk
- Heat map tables and diagrams showing risk levels by department or application, and
- Findings and recommendations based on industry guidances and good practices.
We provide work papers in electronic format which are organized for other parties to review.
System Selection & Implementation
We do bank technology selection and implementation for core banking, branch and call center, Internet banking, and loan origination and servicing systems. We will:
We do bank technology selection and implementation for core banking, branch and call center, Internet banking, and loan origination and servicing systems. We will:
- Develop the requirements and Request For Proposal (RFP)
- Profile the vendor alternatives
- Administer the RFP process including vendor presentations and demonstrations
- Run the institution’s scoring of the alternatives
- Develop cost scenarios and comparisons
- Develop a comprehensive, feasible and detailed implementation plan
- Plan and manage data conversion, system configuration, testing, training, cutover balancing and the cutover weekend
- Provide project management and status reporting.
