Program RISK ASSESSMENT Solution

Program Risk Assessments are a crucial element of effective risk management programs within a bank, addressing risks at different levels across the organization. Watchtower's integrated Program Risk Assessment software is informed by regulatory guidance and maintained by our experienced risk professionals, consisting of former bankers, auditors and regulators.

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‍Types of Assessments Available

The Watchtower Program Risk Assessment package includes 10 critical assessments

BSA /
AML

OFAC
‍

Electronic
Banking

Fair
Lending

ID Theft / Red Flags

IT
Security

Internal Audit

Model
Risk

Compliance
‍

UDAAP
‍

‍manage and execute your Program risk assessments

The Watchtower Program Risk Assessment module comes equipped with a package of 10 critical risk assessments designed to address specific areas of concern within a bank's operations. Leverage Watchtower to ensure risks are properly identified, assessed, and managed to protect the bank's interests and comply with regulatory requirements.

‍benefits of Watchtower program Risk Assessment

Watchtower’s Risk Assessment solutions can provide many benefits and mature the institution’s risk and compliance program. By leveraging Watchtower to manage and execute your risk assessments, the bank can achieve:

‍Modernize your risk and compliance program today

Retire manual processes and outdated excel templates by leveraging Watchtower, the holistic risk intelligence platform to execute your program risk assessments. Banks can streamline their risk management processes, improve accuracy, enhance efficiency, and gain better visibility into their risk landscape. Schedule an exploratory call today, to see how Watchtower can create a more effective risk mitigation and governance strategy and stay compliant.