The Four "Ms" of Enterprise Risk Assessments In Lewis Carroll’s 1865 novel, Alice’s Adventures in Wonderful, the following infamous exchange between Alice and the Cheshire Cat occurs: "Would you tell me, please, which way I ought to go from here?" "That depends a good deal on where you want to get to," said the Cat. [...]
Part 3 of a 3-part Series. In Part 1 of this series, we discussed how a sound understanding of the definition of enterprise risk is the first step in establishing a sound enterprise risk management program. In Part 2, we took a look at the three foundational corners of a sound ERM program. In Part 3, we take a [...]
AffirmX’s current services focus on compliance aspects or those compliance regulations generally covered by the CFPB. These could include the following lending related regulations: Regulation B: Equal Credit Opportunity Regulation C: Home Mortgage Disclosure Regulation F: Fair Debt Collection Practices Act Regulation G: S.A.F.E. Mortgage Licensing Act – Federal Registration of Residential Mortgage Loan Originators [...]
Part 2 of a 3-part Series. In Part 1 of this series, we discussed how a sound understanding of the definition of enterprise risk is the first step in establishing a sound enterprise risk management program. In Part 2, we take a look at the foundational elements of necessary to build a sound ERM program. We have [...]
First of a 3 part series. Risk. In today’s world, there is no escaping it. Not so long ago it was considered part of the fuzzy territory of doing business as a financial institution. Today, the principle of risk and risk management has become one of the hot topics for financial institutions and has given [...]
AffirmX has access to and can provide a wide array of policy samples for an institution, but does not provide customization services. Institutions seeking guidance on customization of policies to promote enhanced compliance should contact our sister company, AdvisX, and speak with Ken Agle, President, at 1-888-980-1949, ext. 7006, or via email at: ken.agle@NBRisk.com.
Every analyst (the term we use for our reviewers) has access to literally decades of experience. This is because AffirmX does not approach artifact reviews in the same way as most companies. When our analysts sit down to review an artifact, they use review questionnaires that have been carefully designed by our senior personnel who [...]
If you want sample policies for customization, there is no question that you can find them. Web search “sample bank or credit union policies” and you’ll see a plethora of sources for canned policies. Some are even free. But, then again, sometimes you get what you pay for, and sometimes, free can end up being [...]