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September 30, 2014 | Palo Alto, California: MetricStream, the market leader in Governance, Risk, and Compliance (GRC) Management solutions, will co-host the RMA Operational Risk Management Discussion Group in San Francisco from October 1-2, 2014. Susan Palm, Vice President of GRC Solutions at MetricStream, will lead a discussion on “An Integrated Approach to Regulatory Examination Management.” The discussion will focus on new regulatory trends, common challenges faced by organizations, the importance of designing a strong regulatory relationship management strategy to demonstrate preparedness in all areas, and how technology can help organizations prepare and execute regulatory examinations.

Banks and financial services institutions are subjected to several audits, inspections and examinations throughout the year, conducted by multiple regulatory bodies. These examinations evaluate the firms’ ethical business practices, their vigilance towards emerging risks, as well as their level of awareness and adherence to new and evolving regulations, such the Dodd Frank Act, Consumer Protection Act, Anti-Money Laundering (AML) Act, and Basel. Since banks and financial institutions must undergo mandatory annual reviews, and because the probability of potential risks and threats remains high, they must design a robust regulatory relationship management strategy to demonstrate preparedness in all areas. Establishing a fully automated regulatory examination program can help manage and track key issues, aid in the creation and communication of a detailed remediation plan, and facilitate the necessary documentation of issues and results for future reference.

Some other key topics that will be discussed during the two day event include, Vendor Risk Management, Successful KRIs, Rating Guidelines for Risk Incidents, Consolidation of Operational Risk Reports and the Impact of Corporate Culture on an Organization’s Risk Profile.

MetricStream’s Operational Risk Management solution and Enterprise Risk Management Solution offer a fully automated and streamlined framework with the capability to assess operational risks, define controls, and manage audits.  MetricStream solutions, which won accolades as ‘Top Ranked GRC Offering – 2014,’ allows organizations to detect, evaluate, monitor, and manage their enterprise risk in a unified manner.

To learn more about the event, please click 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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