California Bankers Association Endorses WolfPAC® as Trusted Advisor and Provider of Risk Management Solutions to Member Banks
Endorsement by CBA is further confirmation of WolfPAC®'s significant role meeting the Risk Management needs of financial institutions
BOSTON — Wolf & Company, P.C. (“Wolf”), a leading CPA and business consulting firm announced today that they have received the California Bankers Association (CBA) endorsement of the company’s online risk assessment solution, WolfPAC Integrated Risk Management® (“WolfPAC®”). WolfPAC® helps banks automate and analyze their risk and controls for IT, privacy, vendor, regulatory compliance and other operational risk assessments, and view centralized results across the enterprise.
“We are very pleased to welcome WolfPAC® as our newest strategic partner,” said Rodney Brown, President & CEO of the California Bankers Association. “Their risk management solution was developed by professionals who understand the banking industry and understand the importance of offering products that will help our members improve their operational efficiency. The way WolfPAC® modules integrate allows our members to design audit plans that give them a holistic view of their risks and achieve compliance, without wasting valuable resources.”
The CBA represents the banking industry in the State of California and serves as the voice of its members in matters of common interest. By receiving their endorsement, WolfPAC® will become a member of a select group of preferred providers chosen by the CBA to service the needs of its bank membership.
WolfPAC® gives banks the ability to customize their own risk evaluation and management solution by selecting the modules that specifically meet their needs. This suite of modules has proven to be a cost effective tool to centralize what had been the difficult and unwieldy process of gathering and evaluating a host of risk factors.
The CBA endorsement includes all the WolfPAC Integrated Risk Management® solutions, as listed below:
- Information Technology Risk Assessment
- Customer Information Risk Assessment
- Regulatory Compliance Risk Assessment
- Vendor Risk Assessment
- Financial Reporting Controls Assessment
- Business Continuity Risk Assessment
- Operational Risk Assessment
- Enterprise Risk Assessment
- Audit Plan
- Business Continuity Plan
- Control Remediation Plan
- Enterprise Risk Management Plan
- Incident Response Plan
About WolfPAC Integrated Risk Management®
WolfPAC Integrated Risk Management® (http://www.wolfpacsolutions.com) is a secure, web-based enterprise risk management solution used to automate the identification of risks, threats, and control gaps. WolfPAC® keeps institutions safe and sound, and maximizes the outcomes of strategic initiatives. Developed by financial professionals in 2004, WolfPAC® provides tools to review and assess information technology, privacy, vendor, compliance, and other enterprise-wide risk assessments. Quarterly methodology updates are designed to align with emerging compliance and examination standards. A robust suite of reports allows an institution’s management to analyze their control gaps in relation to known threats, and benchmark risk profiles against peers. WolfPAC® is used by over 100 financial institutions in 15 states.
About Wolf & Company, P.C.
Wolf & Company, P.C. (http://www.wolfandco.com) is a regional certified public accounting and business consulting firm, with offices in Boston and Springfield, Massachusetts and Albany, New York. The Firm employs over 175 professionals providing assurance, tax, IT assurance & security, regulatory compliance, internal audit, and business consulting services. Wolf’s clients include privately-held and publicly-traded businesses and high net worth individuals. The Firm is registered with and inspected by the Public Company Accounting Oversight Board and is a member of PKF North America, an association of legally independent firms.
About the CBA
Established more than 119 years ago, the California Bankers Association (CBA) is one of the largest state banking trade associations in the country. CBA leads the way in developing relevant educational and legislative solutions to some of California’s more pressing financial and banking issues, including adult financial empowerment, identity theft, financial privacy, and financial elder abuse. CBA’s membership includes more than 200 of California’s commercial, industrial and community banks and savings associations. For more information, visit www.calbankers.com.