WolfPAC®

What Our Clients Are Saying

The WolfPAC® Information Technology Risk Assessment gave us the opportunity to identify truly risky technologies. This allowed us to efficiently evaluate them and determine a way to control the risk. With the heightened review of risk management processes by regulators, this is important to the credit union's management and Board of Directors.

Mark Brown
Senior Vice President/
Chief Financial Officer
First Carolina Corporate Credit Union
($1.6 billion in assets)

WolfPAC®


New confidence in risk assessment and control recognizing and controlling risk is central to any financial institution’s success. A comprehensive risk assessment is not only a regulatory mandate – it is smart business. By understanding and mitigating risk related to people, processes, and technologies, financial institutions protect vital financial and informational assets, control insurance costs, and reduce the frequency and intensity of regulatory scrutiny. WolfPAC® was created by practitioners experienced in risk assessment and compliance, and it is continually updated to reflect changes in regulations and examination standards.

A Roadmap to Success

WolfPAC Integrated Risk Management®, an online suite of risk management modules:

  • Transforms risk assessment into a process that is proactive, systematic, integrated, and based on industry best practices;
  • Guides subject matter experts from IT professionals to business managers, through the process of assessing the quantity of inherent risk and quality of controls in all key functional areas;
  • Taps into and integrates the collective intelligence of the internal personnel who best know the relationships, technologies and business processes that may introduce or increase risk;
  • Yields comprehensive reports that document risks and control mechanisms for use in operational decision making, internal audits, and regulatory examinations;
  • Generates industry risk rating benchmarks, plus a compelling “risk dashboard” that identifies hotspots that demand immediate attention; and
  • Greatly reduces the time and cost of conducting a comprehensive risk assessment across the enterprise, and simplifies the task of keeping risk information current and accurate.

Endorsements

VBA Endorsed Vendor Seal

WolfPAC Integrated Risk Management® is endorsed by various industry associations, including the Virginia Bankers Association.

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WolfPAC Integrated Risk Management

The Benefit of Experience

WolfPAC® was designed by industry professionals who work with more than 200 financial institutions each year. The system was based on knowledge gained from hundreds of internal audits, examination results, and proven best practices.

assessments

  • Enterprise Risk
  • Business Continuity Risk
  • Customer Information Risk
  • Financial Reporting Control
  • Information Technology Risk
  • Operational Risk
  • Regulatory Compliance Risk
  • Vendor Risk

plans

  • Audit
  • Business Continuity
  • Control Remediation
  • Incident Response
  • Enterprise Risk
  • Management

Learn More

For more information and to request a complimentary demonstration of WolfPAC®, please contact Harvey L. Johnson, CPA at (757) 627-4644 or hjohnson@wittmares.com or any member of the Witt Mares Financial Institutions Team.

WolfPAC, the WolfPAC logo, Bubble Chart and Smart.Simple.Systematic. are all registered trademarks of Wolf & Company.