For both banks and broker-dealers, the branch audit process is a key risk management and regulatory requirement. While the emphasis for each is different, branch audit management programs have similar structures and the goal to mitigate risk and ensure regulatory compliance. Broker-dealers and banks must demonstrate well-managed branch reviews, remediation processes and strict adherence to policies, procedures, and controls.
More firms are turning to specialized workflow management technology to enable themselves to efficiently plan, schedule, conduct, resolve and report on branch audits.
RegEd’s Enterprise Branch Audit Management is the industry’s most advanced software solution for managing the end-to-end process for branch audit reviews while enabling firms to employ a risk-based approach to effectively identify and remediate areas of potential risk.
For both banks and broker-dealers, the branch audit process is a key risk management and regulatory requirement. While the emphasis for each is different, branch audit management programs have similar structures and the goal to mitigate risk and ensure regulatory compliance. Broker-dealers and banks must demonstrate well-managed branch reviews, remediation processes and strict adherence to policies, procedures, and controls.
More firms are turning to specialized workflow management technology to enable themselves to efficiently plan, schedule, conduct, resolve and report on branch audits.
RegEd’s Enterprise Branch Audit Management is the industry’s most advanced software solution for managing the end-to-end process for branch audit reviews while enabling firms to employ a risk-based approach to effectively identify and remediate areas of potential risk.