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Don't Risk a Broken Heart: Risk Assessing Valentine's Day Gifts

Don't Risk a Broken Heart: Risk Assessing Valentine's Day Gifts

Love is in the air and grocery stores are filled with heart-shaped boxes of chocolates. It must be Valentine’s Day. For many, this is a holiday

Feb 11, 2022 2 min read
Lessons Learned from an $8 Million BSA Civil Money Penalty

Lessons Learned from an $8 Million BSA Civil Money Penalty

Failing to include all four pillars of a strong BSA/AML compliance program is an expensive risk management mistake

Jan 19, 2022 4 min read
Board Members: Keep an Eye on Internal Controls

Board Members: Keep an Eye on Internal Controls

Conflicts of interest can lead to financial problems if board members don’t pay attention to risk management

Jan 18, 2022 3 min read
What Will You do if Your Compliance Officer Quits Tomorrow?

What Will You do if Your Compliance Officer Quits Tomorrow?

Shield your institution’s regulatory compliance hiring from the Great Resignation with compliance management that doesn’t quit.

Jan 13, 2022 4 min read
How Will the New Cyber Incident Notification Rule Affect Your FI? 4 Steps to Update Your Institution’s Incident Response Plan

How Will the New Cyber Incident Notification Rule Affect Your FI? 4 Steps to Update Your Institution’s Incident Response Plan

FDIC, Fed & OCC rule on cybersecurity computer incidents requires notification within 36 hours

Jan 5, 2022 3 min read
6 Steps for Complying with the FedLine Solutions Security and Resiliency Assurance Program (Plus a Bonus Tip!)

6 Steps for Complying with the FedLine Solutions Security and Resiliency Assurance Program (Plus a Bonus Tip!)

Wondering where to start with Fedline risk assessment? Risk assessment templates are built into Nrisk

Dec 15, 2021 3 min read
Regulatory News You Can Use: COVID-Related Regulations & Why Mortgage Companies Need to Start Worrying About CRA

Regulatory News You Can Use: COVID-Related Regulations & Why Mortgage Companies Need to Start Worrying About CRA

Regulatory change management news updates for credit unions, banks, and mortgage companies for November 2021

Dec 9, 2021 2 min read
4 Reasons to Get Risk Management Software that is Designed for Financial Institutions

4 Reasons to Get Risk Management Software that is Designed for Financial Institutions

The best risk management solutions for credit unions, banks, and mortgage companies are designed for financial institutions, one-size-fits-all...

Dec 7, 2021 3 min read
Let’s Talk Turkey: Thanksgiving Day Risk Management

Let’s Talk Turkey: Thanksgiving Day Risk Management

A humorous look at risk mitigation strategies for Thanksgiving dinner disasters

Nov 23, 2021 4 min read
What Will Examiners Look for in 2022? OCC Releases Supervisory Priorities 

What Will Examiners Look for in 2022? OCC Releases Supervisory Priorities 

Strategic and operational planning are key to risk management in 2022.

Nov 17, 2021 3 min read
OCC reprimands bank for poor risk oversight, weak internal controls & repeat findings

OCC reprimands bank for poor risk oversight, weak internal controls & repeat findings

OCC says poor risk management can be an unsafe and unsound banking practice in recent enforcement action against Cenlar Bank.

Nov 2, 2021 3 min read
When Risk Gets Spooky - Risk Assessing Halloween Candy

When Risk Gets Spooky - Risk Assessing Halloween Candy

Ever thought about the risk of eating Halloween candy? Cool! Us, too. Here's a fun exercise in overthinking the risk you're about to thoroughly enjoy.

Oct 29, 2021 2 min read
A Cautionary Tale About Risk and Accountability

A Cautionary Tale About Risk and Accountability

Accountability increases safety and soundness at financial institutions, as described in this excerpt from CEO Michael Berman’s new book, The Upside of...

Oct 20, 2021 4 min read
 5 Tips for Enhancing Your Financial Institution’s Cyber Resiliency

 5 Tips for Enhancing Your Financial Institution’s Cyber Resiliency

Here are five tips for enhancing cyber resiliency at banks, credit unions, mortgage companies, and fintechs.

Oct 13, 2021 3 min read
Risk Management Has No Finish Line 

Risk Management Has No Finish Line 

The risk management lifecycle (risk assessment, monitoring, communication, remediation) is an ongoing effort.

Oct 12, 2021 3 min read
We Asked 257 Compliance Officers How They Really Feel about the Industry. Here’s What they Told Us.

We Asked 257 Compliance Officers How They Really Feel about the Industry. Here’s What they Told Us.

Survey with CBANC uncovers future bank and credit union compliance officer challenges, risks, and wishes

Sep 23, 2021 1 min read
Risk, Reward and a 3,000-Foot Drop: Breaking Down the Risk in Free Solo

Risk, Reward and a 3,000-Foot Drop: Breaking Down the Risk in Free Solo

What can free solo rock climbing teach financial institutions about risk management? Find out in Michael Berman's new book, The Upside of Risk.

Sep 16, 2021 3 min read
Which Risk Manager Would You Hire? Ted Lasso Edition

Which Risk Manager Would You Hire? Ted Lasso Edition

What can Ted Lasso teach financial institutions about risk management? 

Sep 2, 2021 4 min read
 Ask the Author: Where Does Risk Management Go Wrong?

 Ask the Author: Where Does Risk Management Go Wrong?

Strategic planning and risk management mistakes at financial institutions.

Aug 31, 2021 4 min read
Ncontracts Named to Gartner IT Vendor Risk Management Magic Quadrant

Ncontracts Named to Gartner IT Vendor Risk Management Magic Quadrant

Company recognized for its strong set of industry skills and a deep understanding of the regulatory requirements and trends of financial services.

Aug 31, 2021 2 min read
Regulatory Insight: Artificial Intelligence & Third-Party Risk

Regulatory Insight: Artificial Intelligence & Third-Party Risk

Highlights from a comment letter to federal banking agencies (CFPB, FDIC, Federal Reserve, NCUA, and OCC).

Aug 12, 2021 4 min read
False Risk Management Narratives: Why the Spanish Flu, Roaring Twenties & Great Depression Don’t Mean What You Think They Do

False Risk Management Narratives: Why the Spanish Flu, Roaring Twenties & Great Depression Don’t Mean What You Think They Do

When analyzing risk, it’s important to look beyond casual correlations and dig deeper into economic trends and historical examples.

Aug 10, 2021 2 min read
Is Your FI Thinking About Cryptocurrency? Here Are Key Risks to Consider

Is Your FI Thinking About Cryptocurrency? Here Are Key Risks to Consider

Cryptocurrency represents a significant opportunity for financial institutions to generate revenue with properly designed and executed products and...

Aug 3, 2021 4 min read
The Good Enough Myth: How the “Swiss Army Knife” of Business Tools Can Fail You

The Good Enough Myth: How the “Swiss Army Knife” of Business Tools Can Fail You

Excel spreadsheets are not designed for enterprise risk management (ERM) and compliance. Learn about the right solution.

Jul 29, 2021 4 min read
7 Compliance & Risk Management Tips for Smaller Financial Institutions

7 Compliance & Risk Management Tips for Smaller Financial Institutions

How to make smaller community banks and credit unions more efficient and effective, so they can compete with larger financial institutions.

Jul 27, 2021 4 min read
A Momentous Day in American History, A Challenge for Mortgage Compliance and Risk Management

A Momentous Day in American History, A Challenge for Mortgage Compliance and Risk Management

What mortgage lenders impacted by the new federal holiday, Juneteenth, need to be thinking about for business continuity and vendor management.

Jun 22, 2021 6 min read
2021’s Hottest Risk Management Trends

2021’s Hottest Risk Management Trends

Is risk management at your financial institution keeping up with the times? Find out here.

Jun 15, 2021 1 min read
Ask the Auditors: Top Takeaways about Internal Auditing for Compliance and Risk Management

Ask the Auditors: Top Takeaways about Internal Auditing for Compliance and Risk Management

Top auditors discuss topics in compliance and risk management, including independence, examiners, and findings management.

Jun 10, 2021 3 min read
Ncontracts Names Rafael DeLeon SVP of Industry Engagement

Ncontracts Names Rafael DeLeon SVP of Industry Engagement

Ncontracts Names Rafael DeLeon SVP of Industry Engagement

Jun 3, 2021 2 min read
 Six Common IT Exam Issues—and the Controls You Need to Address Them

 Six Common IT Exam Issues—and the Controls You Need to Address Them

The six most commons IT exam flaws, according to examiners

May 26, 2021 4 min read