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Risk and Control Self-Assessment
Improve Awareness and Proactive Risk Management With RCSA:
Integrated With Watchtower, The Holistic Risk Intelligence Platform
Request DemoWe understand that the Risk and Control Self-Assessment (RCSA) is the backbone of Enterprise Risk Management programs, serving as the foundation for resilience and longevity of financial institutions. The Watchtower RCSA module is more than just a tool; it's integrated into our ERM platform, designed to empower your institution to thrive in the face of uncertainties.
Why Watchtower RCSA?
Uncover Risks | Fortify Controls | Drive Proactive Risk Management
Assurance of Resilience
and Longevity
Identify & tackle risks specific to your institution, ensuring a robust foundation for enduring success.
Early Detection and
Structured Control Measures
Our intuitive tools facilitate the development & testing of controls, enabling early detection & implementation of effective risk management measures.
Strategic Decision-Making and Resource Allocation
Gain invaluable insights into your risk landscape, empowering strategic decision-making & efficient resource allocation.
Regulatory Compliance
Meet & exceed regulatory expectations seamlessly, avoiding pitfalls & safeguarding compliance.
Holistic Governance, Risk, and Compliance Frameworks
Elevate your overall governance with a comprehensive risk management & compliance framework, safeguarding your business against unforeseen challenges & promoting sustainable growth.
What is RCSA?
New to RCSA or Compliance? Risk and Control Self-Assessment (RCSA) is a pivotal process within the banking and financial industry, designed to identify, assess, and manage operational risks. This systematic approach allows institutions to proactively identify potential vulnerabilities and implement measures to mitigate these vulnerabilities. When an RCSA tool is integrated with an ERM Platform, like Watchtower it serves as the foundation for sound risk management practices.
DOWNLOAD INFO SHEETWatchtower RCSA Key Features
Watchtower RCSA provides many benefits and can help mature the institution’s overall risk and compliance program.
Some of the key features of Watchtower RCSA include :
Tailored to
Your Institution
Adaptable to institutions of any size or complexity, with features & functionalities tailored to your unique requirements
User
Empowerment
Take full control of the
self-assessment process with an intuitive & user-friendly interface
Flexible Hierarchy
Creation
Create departmental, product, & process hierarchies based on how your organization views its risk
Integrated With
Watchtower
Say goodbye to multiple-system management; RCSA integrated with Watchtower, provides a centralized hub for your risk program
User-Friendly
Interface
Intuitive design ensures quick adoption & ease of use across your organization
Early Detection
of Risks
A structured approach for implementing effective control measures
Robust RCSA
Library
Watchtower RCSA library contains 698 Risks & 1998 Controls from 93 common Processes
Dedicated
Support
Receive expert assistance & training to maximize the value of Watchtower
Take Control, Mitigate Risks,
Thrive with Watchtower RCSA
Transform your RCSA process into a strategic advantage for your organization. Join Watchtower's growing
community of empowered financial institutions driving resilience, longevity, and sustainable growth.
An Integral Component of your Watchtower ERM Platform:
Manage any identified gaps using Risk Improvement Activities and Action Plans
Gain a panoramic view of your organization's risks at the top of the house
Improve communication and time spent on manually creating reports
Learn more about Watchtower ERM
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