An Executive Summary
RiskRator
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300 71st Street,
Suite 448
Miami Beach, FL 33140
(888) 223-6156
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RiskRator Validation of Controls, Final Report of Assessment, Training and Certification
Validation of Controls
The Validation of Controls is carried out through an on-site or off-site visit by a Senior Consultant in charge of reviewing the existence and quality of the controls that your institution has in place. The review covers all aspects of the Compliance Department, its staff, policies and processes, and the controls established to mitigate the risk of AML/CFT and the risk of violations of Sanctions Programs. Also reviewed are the results of audits, regulatory observations, system validations and any other areas required to be evaluated to have a thorough understanding of the effectiveness of the Compliance function.
The validation results are uploaded to RiskRator® and used to calculate the residual risk score.
The Validation of Controls is carried out through an on-site or off-site visit by a Senior Consultant in charge of reviewing the existence and quality of the controls that your institution has in place. The review covers all aspects of the Compliance Department, its staff, policies and processes, and the controls established to mitigate the risk of AML/CFT and the risk of violations of Sanctions Programs. Also reviewed are the results of audits, regulatory observations, system validations and any other areas required to be evaluated to have a thorough understanding of the effectiveness of the Compliance function.
The validation results are uploaded to RiskRator® and used to calculate the residual risk score.
Final Report of Risk Assessment
The Report of Risk Assessment documents the process for each of the tasks executed to reach the Assessment’s results, the Assessment’s methodology, and the calculations to reach the residual risk of each of the risk categories by risk event, and the final risk profile of the organization.
The comprehensive report provides:
The Report of Risk Assessment documents the process for each of the tasks executed to reach the Assessment’s results, the Assessment’s methodology, and the calculations to reach the residual risk of each of the risk categories by risk event, and the final risk profile of the organization.
The comprehensive report provides:
Training & Certification form