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Wisconsin Credit Union Foundation

Product Terms Part 2: Establishing New Product & Service Controls

Uncover best-practice product and service controls through the product lifecycle, due diligence pitfalls and post-mitigation solutions to ensure inspection meets expectation.

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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Marketing
  • Compliance

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Description

Consumer financial products and services continue to evolve, driving credit unions to innovate to keep pace with the competition. As such, how your credit union collects, processes, analyzes, and disseminates information is as critical to the bottom line as the revenue generated by any new product or service. Prior to launching a new product or service, a thorough assessment of the types and measurements of risk must be addressed to align with enterprise risk tolerance.

This webinar will detail best-practice product and service controls through the product lifecycle, due diligence pitfalls and post-mitigation solutions to ensure inspection meets expectation.

Learning Objectives

  • Inherent product and service risk compared and measured against back-end controls
  • Seven stages of the product life cycle (Federal Reserve framework)
  • Recommended assessment process for new product and service offerings
  • Development of a formal change management control process
  • Product and service post-implementation strategies supporting sustained due diligence

Speaker

Brian Vitale, NCCO, CAMS-Audit, Compliance Advisory Services

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