Cohn featured in Western Independent Banker's Magazine - Risk Management Issue

Third-Party Systems Can Help When Implementing Your Enterprise Risk Management Program

by Michael D. Cohn, CPA, CISA, CGEIT Director WolfPAC Solutions Group

Enterprise Risk Management (ERM) has the attention of financial institutions now more than ever.  The process of outsourcing risk assessment practices that incorporate all elements of risk across the enterprise is a challenge that exists for financial institutions big and small.  Stakeholders must understand how their risk assessment practices tie into the bank's overall strategy, how it impacts costs and profitability across each operating unit, and must be able to make quick, informed decision to unexpected changes in order to keep the bank safe, secure customer confidence, and satisfy regulators.  Implementing a 3^rd party ERM solution that automates risk management processes, integrates all elements of risk across the enterprise, and provides secure access to centralized data can help you get there.    

Read the WIB's Risk Management issue for the full article.