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September 16, 2014 | Palo Alto, California: MetricStream, the market leader in Governance, Risk, and Compliance (GRC) Management solutions, will co-host the Operational Risk Management Discussion group hosted by the Risk Management Association(RMA) in Chicago from September 16-17, 2014. The conference will focus on the most pressing issues facing the operational risk function in the financial services industry. Susan Palm, Vice President of Industry Solutions at MetricStream will arbitrate a panel discussion on ‘Regulatory Examination and Model Management’ on day 1 of the event.

The fluctuating economy and the increasing pressure from legislators have urged banking and financial institutions to focus more on safe and sound management practices. The frequency of regulatory and specialty examinations to assess the risk-awareness of an organization has increased in the recent years. Financial institutions have to be well-prepared to deal with these regulatory examinations as issues may arise at any point. The mounting regulatory pressure, regulators’ demand for better monitoring and reporting strategies for compliance management, multiple examinations over a long period of time, and lack of well-defined standards are some of the key challenges organizations face when undergoing a regulatory examination. Further, the senior management’s increased focus on regulatory examinations makes it impossible for them to concentrate on identifying and bridging gaps in a timely manner. 

A centralized and comprehensive regulatory management framework will offer banks the ability to effectively manage these examinations by providing exam management standards and guidelines, well-defined roles and responsibilities, integrated policy management, facilitate effective communication and track upcoming examinations. In addition, financial institutions have to periodically review their existing governance model to fully understand the impacts of existing gaps and risk appetite of an organization.

During her session Ms. Palm will share perspectives on ‘Regulatory Examination and Model Management’ and will highlight the potential issues and key challenges financial institutions face when undergoing an examination. The event will also shed light on the significance of regulatory examinations as well as other aspects of operational risk management.

To learn more about the event here.

About MetricStream

MetricStream is the independent market leader in enterprise cloud applications for governance, risk, compliance (GRC), and quality management. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.(www.metricstream.com).

Press contact

Sonia Sharma : pr@metricstream.com | India: +91 98450-19197

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