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S3 | E7: Best Practices for a Successful RCSA Implementation
Banking on Data Podcast
Banking on Data Podcast
S3 | E7: Best Practices for a Successful RCSA Implementation
Feb 18, 2025
Season 3
Episode 7
Lumio
Implementing a Risk and Control Self-Assessment (RCSA) tool is a crucial step for financial institutions seeking to enhance their risk management frameworks. Starting with a well-executed RCSA process enables organizations to identify, assess, and mitigate risks effectively while ensuring compliance with regulatory requirements. However, successful implementation requires careful planning, stakeholder engagement, and the right technology to streamline workflows and improve organizational visibility. Beth Nilles, Director of Lumio Implementations and resident RCSA expert, joined host Edward Vincent on this episode of the Risk Intel podcast to discuss best practices for implementing an RCSA process or tool.
