(ON DEMAND) Quarterly Emerging Leader Series: Establishing New Product & Service Controls

Email to Order Archived Webinar!

How your bank collects, processes, analyzes, and disseminates information is as critical to the bottom line as the revenue generated by any new product or service. Prior to launching a new product or service, a thorough assessment of the types and measurements of risk must be addressed to align with enterprise risk tolerance. This webinar will detail best-practice product and service controls through the product lifecycle, as well as red flag monitoring and post-mitigation solutions.

HIGHLIGHTS
Inherent product and service risk compared and measured against back-end controls
Seven stages of the product life cycle (Federal Reserve framework)
Recommended assessment process for new product and service offerings
Development of a formal change management control process
Product and service post-implementation strategies supporting sustained due diligence

TAKE-AWAY TOOLKIT
Federal Reserve’s Second Quarter 2015 Consumer Compliance Outlook publication titled Managing Risk Throughout the Product Life Cycle
Employee training log
Quiz you can administer to measure staff learning and a separate answer key

DON’T MISS THIS RELATED WEBINAR!
Modifying Existing Product Terms & Fees:
Timing, Content & Requirements for Change-in-Term Notices on Tuesday, July 12, 2016
Or if you missed it, you can order an archive of the live webinar, complete with handout materials.

Attendance verification for CE credits provided upon request.

WHO SHOULD ATTEND? Operations, compliance, and audit teams.

ABOUT THE PRESENTER – Brian Vitale, NCCO, CAMS-Audit, Compliance Advisory Services, earned his Political Science degree from North Central College in 1996 and an MBA from the University of Notre Dame in 2014. Brian was recruited by the National Security Division of the FBI where he specialized in counterterrorism and foreign counterintelligence. In addition, he is a decorated veteran who served in Guantanamo Bay, Cuba in the early 1990s. Subsequent to the FBI, Brian spent many years in banking and finance where his skills led him to the field of Global Operational Risk Management. He has over twenty years of banking, finance, and investigative experience. In July 2011, Brian joined a community financial institution and currently serves as their chief risk and compliance officer. He speaks nationally on BSA, anti-money laundering, enterprise risk management, cybersecurity, and strategy.