ProSight Policy Manager
A policy management tool designed for the financial services industry. BAI and RMA are now ProSight, bringing together their expertise in one platform with the resources, updates, and data you need to manage policies with confidence.
Maintain a Culture of Regulatory Compliance
Maintaining a comprehensive policy management system is an essential part of an organization’s governance and compliance risk management.
As a leading association for financial service professionals, ProSight is committed to offering organizations the tools and resources they need to effectively handle their company policies and procedures.
Your End-to-End Policy Compliance Solution
ProSight Policy Manager offers a comprehensive platform for overseeing organizational procedures.
One solution designed to help you make informed decisions when creating, updating, communicating, and tracking company policies and industry procedures.
Avoid the manual process of policy and compliance management—improve communication, operations, and productivity with one seamless program.
Industry-Specific Content
Including regulatory change, policy considerations, templates, and regulation overviews.
Seamless Administration
Easy setup and system administration allow you to bulk import documents and users and securely integrate your data.
Focused Processes
Reminder emails, reports, dashboards, and subscriptions keep you on track for upcoming deadlines and examinations.
Communication Tools
Text search, quizzes, tracking, acknowledgments, bookmarking, and more.
User Dashboards
For employees, managers, and compliance professionals.
Audit Reports
Detailed reports complete with the information regulators expect.
ProSight Policy Manager is a fantastic tool, especially for those of us in leadership roles. It saves so much time and makes it easy to give your staff the most up-to-date, actionable information they need to succeed.
Testimonial Name, Position
Many Financial Services Organizations Fail to Meet Policy Expectations
With a comprehensive policy manager platform, your organization can be ahead of the curve.
Exceed regulatory standards, improve your communication, and set your organization up for success so you’re adequately prepared for your next examination.
Stay on Top of Financial Services Policy Trends
Set your organization up for success by staying up-to-date on the latest policy trends in the financial services industry.
Increased Policies & Procedures
Almost every organizational growth strategy requires new policies and procedures to maintain growth around new products, services, markets, and more.
Policies & Procedures Need to be Actionable
To set employees up for success and encourage a culture of compliance, policies need to be easy to find, understand, and enact.
Increased Use of Policy Management Software
Bank policies software is being used more often to manage the increase in procedures and to improve compliance and communication.
Powerful Communication Tools Help Foster a Culture of Compliance
ProSight’s Policy Manager communication features allow compliance professionals to ensure everyone in their organization sees, understands, and can quickly reference the policies and procedures needed to do their jobs effectively:
- Centralized repository
- Full text search
- Bookmarking
- Quizzes
- Tracking
Industry-Specific Resources Help You Make Informed Decisions
ProSight offers resources and industry information that save time and enhance policy management procedures for banking and other financial services.
Make informed decisions that strengthen your organization with the help of industry-specific insights, including:
- Regulatory Alerts and Policy Updates (CFPB changes, FDIC updates, NCUA rules, etc.)
- Policy Considerations
- Policy Templates
- Procedure Resources
- Regulation Overviews
Quick Setup and Easy Administration
Save your compliance professionals time with efficient set up and administration, including:
- Bulk import of existing policy documents
- Industry-specific table of contents
- Bulk import of users
- A human resources information system (HRIS) data exchange
- Configurable and reusable workflows
- Single sign-on (SSO)
Learn More About ProSight Policy Management
Building effective policy management processes requires financial services organizations to have a deep understanding of the regulatory environment they operate in. Explore these key questions around policy management and position your organization for success.
Financial services regulators consider policies and procedures a critical part of every organization’s governance and risk management.
According to the Consumer Financial Protection Bureau (CFPB) Examination Procedures: “Examiners should seek to determine whether compliance policies and procedures are consistent with board-approved compliance policies and are maintained and modified to remain current and complete.”
Regulators say that examiners need to ensure that in each organization:
- There are policies related to each financial service offered.
- There are sub-policies and procedures as needed that align with the policies.
- The policies are consistent with current regulations and updated in a timely manner.
- The policies are communicated effectively across the organization.
- Acknowledgement of policies is a minimum communication expectation.
- The policies, procedures, and their communication are tracked and can be reported on
The board of directors and senior leadership are responsible for ensuring the financial institution is operating in a fiscally sound manner and adhering to compliance requirements.
One of the primary ways regulators expect the board and senior leaders to exercise this responsibility is with policies and procedures. Policies and procedures set the tone for the organization’s risk tolerance and support the compliance expected of each employee in their daily activities.
Strengthen Policies & Procedures Across Your Organization
ProSight offers resources and industry information that save time and enhance policy management procedures for banking and other financial services.
Our Offerings
Industry-leading insights, training, events, analytics, tools, and resources
Explore our range of solutions designed to help you act with confidence.
ProSight offerings are research-driven and grounded in sound compliance and risk management principles. Network, innovate, learn, and engage with valuable peer connections, resources, and insights.
Compliance & Training
Strengthen your skills through industry-leading on-line compliance training, risk management courses, and professional development.
Peer Sharing & Collaboration
Connect with other financial services leaders in trusted, engaging events – roundtables, conferences, chapters, and more – in-person and virtually.
Decision Support Solutions
Access industry-specific benchmarking, data, resources, tools, and technology to help you manage your business and act with confidence.
Thought Leadership
Research and insights from financial services experts.
Creating Ripple Effects Throughout the Financial Services Industry
Together as ProSight, BAI and RMA have enhanced our abilities to support you at a time when the industry is challenged to meet changing customer needs, adopt new technologies, and manage more complex risk, compliance, and fraud issues. We are here to help you conquer these challenges, guide you towards new opportunities for growth, and empower you to act with confidence.
