Executive Overview

Presentation by: Ken Wolf

Executive Overview

An introduction to the AffirmX Risk Intel Center platform

Reduce risk management workloads, anxieties and costs

Getting Help is Costly

• Compliance is complicated and always changing• Regulatory Reports come in and Take Time to interpret

and Convert to Business Practice• Support services from accounting and consulting firms

are expensive in many ways:• Cost• Resource Requirements• Disruption of Operations• Issues are addressed primarily during personal visits

(concentrated in short bursts)

Executive Overview 2

AffirmX helps you reduce risk management workloads, anxieties and costs

AffirmX Risk Intel Center:• Offers the same or more oversight than consulting or

accounting firms provide - for a fraction of the cost• Converts regulations into business practices• Delivers “push” notifications• Distributes the process throughout the year to put

less concentrated strain on your resources• Helps you better prepare for Regulatory Exams


Executive Overview

First, your customized Risk Database is populated with your call report data.

This generates an Initial Risk Rating for your institute.

Next, we call your Chief Compliance Officer or other designee to review your Initial Risk Rating, clarify any questions and identify roles in your organization for our questionnaire process.

This call takes about 45 minutes.

How Risk Intel Center Works

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Executive Overview

QuestionnaireProcess

Compliance

Deposit

Loan

BSA / OFAC

Marketing

Operations

Questionnaire notifications go out to people in your organization based on their roles. The questionnaire is answered in dependent order and covers a wide range of information, from products and services offered to key processes and disclosures.


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Executive Overview

AffirmX OnsiteVisit

The completion of the Questionnaire triggers three things:

•A revised Risk Rating•A visit from a senior AffirmX compliance expert•Upon completion of that visit, generation of your AffirmX Risk Management Policy Manual.

Your AffirmX Onsite Visit takes about 2 days. During that time, the compliance expert will perform some interviews, validate some processes and review those things that cannot be evaluated remotely.


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Executive Overview

Next, notifications begin, directing your staff on specific compliance activities throughout the year.

Your Risk database and Risk Rating are updated after each completed activity.


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Executive Overview

Onsite AffirmXVisit

At the end of the year, we help you prepare your Regulator Package, which is the information requested by your regulator for their compliance examination.

At that time, we perform another Onsite Visit to review your compliance results for the year, and prepare you for your regulator exam.


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Questions & Discussion

For more information or to request a quote specifically for your credit union, please contact us at:

[email protected]

Thank You!

www.affirmx.com


Executive Overview

Documents

Transcript of Executive Overview