The BAI Policy Manager
Designed for Financial Services… because Policy Management Should Make Things Easier
End-to-End Policy Solution
The BAI Policy Manager helps financial services organizations make informed decisions when creating, updating, communicating, and tracking their organizational policies and procedures. It provides:
- Industry-specific regulatory resources to help you make informed decisions when creating and updating your policies
- Easy setup to help you get up and running quickly
- Focused processes, so you’re ready for your next examination
- Powerful communication tools to build a culture of compliance
As an independent nonprofit with research and regulatory expertise, BAI is uniquely positioned to provide compliance tools designed for the financial services industry.
Industry-specific regulatory resources
BAI provides compliance professionals with industry-specific actionable content that helps them make informed decisions during the policy management process, including:
- Regulatory Alerts (CFPB changes, FDIC updates, NCUA rules, etc.)
- Policy Considerations
- Policy Templates
- Regulation Overviews
These resources and industry information help save you time and increase the effectiveness of your policy management program.
To build a culture of compliance
Sharing Policies and Procedures
In the financial services industry, organizations are expected to communicate policies and procedures to the relevant employees. The BAI Policy Manager includes many features that should help you communicate policies and procedure effectively, fostering a culture of compliance:
- Centralized repository
- Full text search
- Bookmarking
- Distribution
- Acknowledgements
- Quizzes
- Tracking
These 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.
So you’re ready for your next examination
Timely Updates and Acknowledgements
In the financial services industry, updating policies on time and having those policies acknowledged in a timely manner are crucial. The BAI Policy Manager includes many features designed with this understanding. BAI’s solution includes:
- Compliance professional and manager dashboards
- Report subscriptions
- Reminder emails
- User dashboards
- Audit reports
These user-experience features keep everyone focused on staying on schedule with updates and acknowledgements.
Help you get up and running quickly
Quick Setup and Easy Administration
The BAI Policy Manager is designed to provide for a quick setup and easy administration, saving your compliance professionals significant time. BAI’s solution includes:
- 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)
These administrative features help save you time and increase the effectiveness of your policy management program.
Learn more about policy management for financial services
Building effective policy management processes requires financial services organizations to have a deep understanding of the regulatory environment they operate in. To be positioned for success, they need to know the answers to key questions including:
- What is policy management?
- How important are policies and procedures to financial services regulators?
- What are the policy and procedure responsibilities of the board of directors and senior leadership?
- What specifically do financial services regulators expect?
- What are common challenges with financial services policy management?
- What are the current policy trends in financial services?
BAI has the answers to these questions to help businesses in the financial services industry create effective plans to manage their policies. To learn more about the answers to these questions and how they impact your organization.
