WesPay Advisors offers an RDC Risk Management Review service to assist its members in the development and implementation of their RDC risk assessment and management program. The service was designed to help financial institutions meet the Federal Financial Institutions Examination Council (FFIEC) requirement to "have sound risk management and mitigation systems in place."
This service considers the wide variety of risks associated with RDC and explores personnel, practices and technologies employed to control Operational Risk, Credit Risk, Regulatory/Legal/Compliance Risk, Strategic Risk, Fraud Risk and Reputational Risk.
The review will examine your financial institution’s mobile and desktop RDC program policies, procedures, forms over two business days. All work is completed at your place of business and will engage key stakeholders via in-person interviews.
Compare your operations to sound practices of peer organizations and regulatory guidance.