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#2126343 - 04/14/17 03:36 PM Compliance Review Rating System
Harambe Offline
Junior Member
Joined: Jul 2016
Posts: 32
Good Afternoon,

Currently our institution is in the process of revamping our monitoring reports that complete after conducting a regulatory review. In the past what we have done is choose a compliance rating based on the number of errors found in the review. However, as part of the revamping process, we would like to do more of a risk based rating system, where certain errors hold more weight than others depending on the risk to the Bank.

I am just curious what other institutions do, hoping to get idea for our new structure. All help is greatly appreciated.

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Risk Management
#2126349 - 04/14/17 03:53 PM Re: Compliance Review Rating System Harambe
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,400
We utilize a risk based approach. We also use the same rating methodology for internal audits as for compliance audits.

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