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Pinnacle Bank Selects Enterprise Program Manager For Enterprise Risk and Findings Management
Dec 17 - Risk, audit and compliance automation tools developer, RISC Associates Inc., has announced that Pinnacle Bank, a wholly owned subsidiary of Pinnacle Financial Partners, Nashville, Tenn., has selected Enterprise Program Manager for its risk management and findings management needs. For the $5 billion asset Pinnacle, the new EPM risk manager solution will allow it to automate, standardize and manage all of its risk assessments on a single platform and in a common format. In addition, any findings from internal and external audits/examinations will be created and managed within the EPM Findings Manager module, providing ease of tracking and reporting.
“EPM Risk Manager will allow us to keep all of our assessments on a single platform which will be a tremendous help in managing our quantitative and qualitative enterprise risk and easily reporting on it,” stated Kim Jenny, chief risk officer of Pinnacle Financial Partners. “The ability to migrate and import our existing assessments into Risk Manager will facilitate a quick transition to the automated solution. The weighting factors, dimensions of risk and trending are features in Risk Manager that we’ve already used within our current process so it’s a very transparent transition for us.”
Implementing Enterprise Program Manager expands upon the long-term relationship between Pinnacle and RISC. Pinnacle was an early adopter of RISC’s Vendor Compliance Manager, the GLBA-compliant automated vendor management program now used by financial institutions across the country. “The decision to select Enterprise Program Manager was an easy one,” noted Randy Withrow, senior vice president and chief investment officer of Pinnacle Financial Partners. “RISC Associates has always been a trusted and forward-thinking business partner. They’ve always been responsive to our needs and take our feedback to heart. The Findings Manager module has automated the findings management process for us and allows us to track, manage and report on the status of all issues across the enterprise. It’s a tool that no senior exec should be without.”
“Pinnacle Financial Partners has been a great business partner for us and an acknowledged leader in their industry,” stated Mick Kless, president of RISC Associates. “They have an exceptional leadership team with very deep experience and always seem to set the bar quite high for themselves and the rest of the banking industry. Without question, their input has helped make our solutions better. We’re extremely pleased that they’ve selected us to help them achieve their own internal goals as well as to meet regulatory requirements.”
About Pinnacle Financial Partners
Great Place to Work named Pinnacle Financial Partners (Nasdaq/NGS:PNFP) one of the best workplaces in the United States on its 2012 Best Small & Medium Workplaces list, published in FORTUNE magazine in October 2012. Pinnacle Financial Partners provides a full range of banking, investment, mortgage and insurance products and services designed for small- to mid-sized businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. Comprehensive wealth management services, such as financial planning and trust, help clients increase, protect and distribute their assets.
About RISC Associates
RISC Associates is a leading risk, audit and compliance automation tools developer and regulatory compliance consultancy. Enterprise Program Manager is a single platform integrated suite of risk, audit and compliance management modules that function as an entire solution or as individual modules. Vendor Compliance Manager is the industry-leading automated vendor management program used by large and small financial institutions across the country.