Pub. 5 2016 Issue 8

November 2016 25 l e a d i n g a d v o c a t e f o r t h e b a n k i n g i n d u s t r y i n k a n s a s In all cases, the absence of an adequate risk management framework is considered a failure in sound corporate governance, and subject to regulatory action. Naturally, if institutions had enough time and money, they would readily embrace the challenge and go “all-in” on Enterprise Risk Management. Unfortunately, time and money are at a premium and compliance costs are at an all time high. So our industry needs solutions that help us work smarter and more efficiently. Meeting regulator demands can be expensive, but meeting Board demands is equally important, or more so. And, regardless of regulatory requirements, Board members must assess and mitigate risks. We get that. That’s why Strunk’s Risk Manager software and consulting solution was created for community financial institutions. It is specifically designed to meet your enterprise risk management solution needs. Risk Manager provides an affordable yet comprehensive risk management implementation and tracking system that moves the focus from just meeting regulatory requirements to engaging the entire enterprise in straightforward risk assessment and mitigation programs. And it does so without draining resources or your wallet – regardless of the size of your bank. There are a number of solutions in the marketplace today that only address one specific element of risk – and each of these solutions can be expensive. At Strunk, we believe you deserve more for your money and also that it is critical to have a solution that helps you effectively measure and manage ALL risks at your bank…not just a few select risks that happen to be popular topics at a particular moment in time. Strunk’s Risk Manager solution – along with our consulting support - helps you: • Address hundreds of key risk indicators along with your specific risk tolerance parameters – quickly and easily – so you can stay on top of risk in every aspect of your business. • Organize all of your policies and procedures in one place, in a standardized format, where they can be easily updated, approved by management and the Board, and periodically reviewed on an ongoing schedule. • Easily establish controls and schedule corresponding tests with all results readily available in a management reporting format so the executive team can keep abreast of your control performance • Make it far easier to prepare for regulatory examinations… and at the same time impress the examiner with your state of the art, thorough process. Best of all, the solution is endorsed by the Kansas Bankers Association. To learn more, email Mike Sobba at msobba@strunklp.com or call 800-728-3116.