Tags » Operational Risk

Key Challenges Facing Vendor Risk Management Programs

The Third-Party/Vendor Risk Management Survey conducted between June and August 2014 by RMA, in association with MetricStream, sought to capture the range of practices in third-party/vendor risk management (VRM) over a cross section of RMA member institutions, and to gather detailed information on some of the key challenges that banks and other financial institutions are facing. 655 more words


Cyber Risk – Vandalism or Act of War? Board of Directors Should Ask – Could it happen here?

The recent hack of Sony’s systems and databases has elevated the cyber risk debate to the highest level.  President Obama has come down on the side of Cyber Vandalism as no American’s were killed by the attack.   567 more words

FTF News Video: What Keeps Raymond James’ Cybersecurity Chief Up at Night?

Andy Zolper, senior vice president and chief IT security officer at Raymond James Financial, tells FTF News about the potential threats that keep him up at night. 29 more words

Operational Risk

FTF News Video: AIG Official Foresees Benefits from Stress Tests

Op Risk veteran Lourenco Miranda speaks with FTF News about how firms can prepare for the stress tests, and the hidden benefits they might see after the process. 11 more words

Operational Risk

Global Alert: CSV import Date Misinterpretation Problem - Part 2

This is a very common and dangerous inaccuracy.
Big operational risk!

Check all your dates imports after reading this article.
Share it with your colleagues as well. 1,357 more words


Boston Private Bank’s Tim MacDonald on Op Risk and New Financial Products

Tim MacDonald, chief risk offcer (CRO) at Boston Private Bank, speaks with FTF News about why firms should be taking into consideration the potential operational risks of new financial products, especially in the early developmental phases. 43 more words

Operational Risk

FFIEC Releases Results of Its Cybersecurity Assessment

In early November, the Federal Financial Institutions Examination Council (FFIEC) released a report covering the results of a recent cybersecurity assessment conducted by its member agencies (FDIC, OCC, and Federal Reserve). 392 more words

Regulatory Compliance