Is anyone using a risk assessment/management software solution that they would recommend? I am looking for the "magic bullet" that could be used to perform risk assessments and monitor results for all areas of a community bank. I don't know if such a thing exists but thought I would ask the BOL experts.

I'm finding that I am spending a lot of time in creating risk assessments, tracking the information, monitoring them, updating them, and creating reports. Sure would be great if there was software that could do all that for me. I am guessing there is and am hoping someone could give some feedback if they are using something like this.

Thanks!

Crowe Chizek has a good internal audit program along that line. You might also check Compliancepro by American Bank Systems.

SavannahOne, do you have a product name or contact person at Crowe Chizek?

Al

We use Methodware and have been satisfied with it.
http://www.methodware.com. They partner with others who sell the software for them. There is a list of partners on their website.

We are a 660m community bank.

We also use Crowe. We have a co-sourced audit relationship with them. The examiners love their workpapers and the risk assessment that they perform...

I believe that you can find a contact for them for IA services on their website.

We also use Crowe. We have a co-sourced audit relationship with them. The examiners love their workpapers and the risk ass

Al:

Crowe Chizek's software is called - Automated Work Papers (AWP) which is provided to their clients to assist with the audit process. I'm not aware of any risk mgmt software that Crowe has.

Compliance Pro has software that includes Internal Audit Risk

Passing Storm:

I sent you a PM regarding the Methodware risk assessment software...please check you PM.

THANKS!