Performing A Fraud Risk Assessment: Documenting Your Risks And Knowing Your Gaps

Performing a fraud risk assessment is critical for organizations to identify and mitigate potential risks of fraudulent activities. This process helps pinpoint areas where fraud is most likely to occur, assess the effectiveness of existing controls, and implement strategies to reduce vulnerabilities. By proactively addressing these risks, organizations can protect their assets, maintain stakeholder trust, ensure compliance with regulations, and minimize financial losses. Additionally, a thorough fraud risk assessment fosters a culture of integrity and accountability, enhancing the overall resilience and reputation of the organization.

Key Take-Aways:

§  Understand the key components of a fraud risk assessment.

§  Learn how to incorporate key fraud risks impacting your organization.

§  Provide a solid foundation for using the fraud risk assessment to document your fraud program.

§  Learn how to effectively use the fraud risk assessment to provide the ongoing status of your fraud program. 

Who Should Attend?

§  Account Officers/Lending Officers/Relationship Managers

§  BSA Officers and Support Teams

§  Branch Managers

§  Call Center Teams

§  Compliance Teams

§  Deposit Operation Teams

§  Electronic Banking Teams

§  Fraud Management Teams

§  Front-Line Teams (Customer/Member Service Representatives)

§  Internal Auditors

§  Information Security Officers

§  Risk Management

§  Senior Management/Executive Management

*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.