The regulatory agencies expect financial institutions to “have an integrated approach to risk management to identify, measure, monitor, and control risks in an institution.” Technology-related risks are considered to determine a bank’s overall risk profile.
The OCC defines nine categories of risk: 1) Credit 2) Compliance 3) Foreign Exchange 4) Interest Rate 5) Liquidity 6) Price 7) Reputation 8) Transaction 9) Strategic.
Of these nine, four receive the most attention as they relate to technology.
1) Transaction 2) Strategic 3) Reputation 4) Compliance
In managing technology-related risk, regulatory agencies will assess the adequacy of audits to determine how effectively technology-related risk is being managed in the financial institution.
This IT Risk assessment form and checklist can be used as easy to use document by any financial services organization to overall assess the IT Risk Posture and which can be used to take necessary action. It has also a short and long summary of finding template which can be used to present to senior management effectively.
Product ID : KTCP230
Price : 
Sections of Checklist/Form : (Format : Word Doc)
Preview : Sample IT Risk Assessment Checklist – Banks
- Definition and approach to IT Risk Assessment
- IT Risk Assessment Form containing the areas(174 sub-areas, you can add/delete as per yours requirements) to assess risks such as
- Policies
- Management
- Development & Acquisition
- Operations
- Business continuity planning
- Wire Transfer , ATM , ACH, Internet Banking
- Network Security
- Bill Payment
- Check Imaging system, report archival, Information security etc.
- A sample of filled form to understand better
- A sample write up on how to present Risk assessment summary
- A sample write up on how to present condensed Risk assessment summary
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