RDC Risk Self-Assessment is designed to help financial institutions minimize RDC risks and the costs associated with regulatory risk management. It allows financial institutions to schedule survey campaigns with their RDC customers. Customers are prompted online to complete a brief self-assessment consisting of questions selected by and branded for the financial institution.
Assessment categories cover such topics as protecting confidential information, cheque storage and destruction and separation of duties. Recommended corrective action is displayed when necessary to reinforce appropriate RDC procedures.
Financial institutions also receive online reports of each customers assessment, and consolidated reports can be provided to auditors and regulators.
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