Risk and Control Self-Assessment (RCSA)
Improve Awareness and Proactive Risk Management With Lumio's RCSA
Benefits of Modernizing Your RCSA Program
RCSAs are the backbone of Enterprise Risk Management programs, serving as the foundation for resilience and longevity of financial institutions. Say goodbye to multiple-system management, as the RCSA is integrated within Lumio’s Risk Suite, creating a centralized hub for your risk program.
Build Resilience That Lasts
Uncover and address institution-specific risks to strengthen your foundation, reduce vulnerability, and support long-term success.
Early Detection and Control Measures
Develop and test controls early with intuitive tools that enable proactive and effective risk mitigation.
Strategic Decision-Making and Resource Allocation
Gain insights into your risk landscape to drive more informed decisions and optimize resource use.
User Empowerment
Enable teams to own the self-assessment process with an intuitive, user-friendly interface that simplifies participation and accountability.
Meet Regulatory Compliance
Meet and exceed regulatory expectations with ease, ensuring consistent, audit-ready compliance.
Tailored to Your Institution
Adaptable to institutions of any size or complexity, with capabilities that align with your unique organizational structure.
Improved Awareness and Proactive Risk Management
Ditch the spreadsheets. Lumio's modernized and configurable RCSA tool allows you to mature your risk management approach and replace manual Excel-based risk assessment reporting.
Facilitate Risk Reviews Across Departments
Easily coordinate and complete RCSA activities with department heads, product owners, or process leaders. With Lumio RCSA, each team can assess, document, and update risks and controls in a format that reflects how your institution actually operates - no more chasing spreadsheets or piecing together emails.
Track and Resolve Control Gaps with Confidence
When issues or control weaknesses are identified, Lumio RCSA enables teams to assign, monitor, and follow through on Risk Improvement Activities and Action Plans - all within a single platform. Progress is tracked, responsibilities are clear, and ERM oversight is seamlessly integrated.
Deliver Risk Reporting That Drives Action
Turn assessments into insight with on-demand reporting from Lumio RCSA. Whether you’re presenting to leadership, auditors, or risk committees, you can surface the right level of detail with flexible, role-based reports that bring clarity to your institution’s risk posture.
Explore Other Lumio Risk Apps
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Enterprise Risk Management (ERM)
Whether responding to regulatory pressure, enabling board oversight, or strengthening internal controls, Lumio simplifies ERM with configurable frameworks, centralized data, and timely insights. It's not just risk management, it's risk intelligence.
✓ Mitigate Hidden Factories
✓ Execute Against a Strategic Risk Management Plan
✓ Transform Raw Data into Normalized KRIs
✓ Track & Report on Risk Improvement Activities (RIAs)
Risk and Control Self-Assessment (RCSA)
Lumio RCSA is more than just a tool; it’s a strategic asset designed to empower your institution to thrive in the face of uncertainties. Say goodbye to multiple-system management, as the RCSA is integrated within Lumio’s Risk Suite, creating a centralized hub for your risk program.
✓ Tailored to Your Uniqe Institution
✓ Enables Full Control of the Self-assessment Process
✓ Flexible Hierarchy Creation
✓ Integrated & Rolls-up to ERM & Accessible To All Users
Program Risk Assessment
Lumio’s integrated risk assessment tools are informed by regulatory guidance and maintained by our in-house team of risk professionals. Retire manual processes and outdated excel templates by leveraging Lumio to execute your program risk assessments.
✓ Centralize & Automate Systems
✓ Enhance Efficiency & Productivity
✓ Enable Risk Visibility
✓ Gain Regulatory Confidence
Risk Maturity Framework
Learn how Lumio's Enterprise Risk Maturity Framework, a diagnostic and prescriptive self-assessment tool to elevate an institution's enterprise risk management program and track progress over time.
✓ Engage & Educate Leadership
✓ Identify & Prioritize Risk Gaps
✓ Monitor & Track Progress Over Time
✓ Leverage Peer Comparison Benchmarketing
FinTech Risk Management
Confidently enter FinTech partnerships with a better understanding of the capabilities and associated risks of each partner. With Lumio's FinTech Risk Framework and self-assessment tools, you can identify improvement areas, develop a roadmap to enhance risk infrastructure, and evidence progress to regulators
✓ Assess Company-Wide FinTech Competence
✓ Identify New FinTechPartners & Onboard
✓ Conduct Periodic Risk Assessments
✓ Data-visualization & Detailed Reporting
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