Risk and Control Self-Assessment (RCSA)
Course Number: ABA
Course Code: ABA
Explains the risk and control self assessment (RCSA) process and its role in a bank’s risk culture. Convers establishing the primary objectives of the RCSA process, identifying risks and appropriate control environment, determining relative priorities, and the overall purpose and benefits of an RCSA.
Updated: May 2018
What You’ll Learn
After successfully completing this course, you will be able to:
-Define operational risk, identify control frameworks, and describe the purpose and benefits of conducting a risk and control self-assessment (RCSA)
-Identify considerations for effective implementation of the RCSA
-Describe approaches for assessing and prioritizing risks
-Describe methods for managing and controlling risks
-Identify techniques and resources to gather data, perform the RCSA, and monitor and report results
Audience: Risk and internal audit professionals; third-party service providers and state/federal examiners; first-line risk and operations managers with responsibilities for operational risk management, including implementing, managing, monitoring, reporting, auditing and/or supporting an effective operational risk management program, policies and procedures.