Tallahassee, Fla.-based Capital City Bank has installed the recently-introduced Significant Account Monitoring module of the Risk Manager solution from Jack Henry Banking, a division of Jack Henry & Associates, Inc. (Monett, Mo.), that provides integrated computer systems for banks ranging from de novo to mid-tier institutions. Risk Manager is Jack Henry Banking's modular enterprise risk management solution that automatically monitors operational and compliance risks, and automates exception management.
Risk Manager, offered to Jack Henry Banking's SilverLake System clients, now consists of two distinct modules " the new Significant Account Monitoring module and the General Ledger (GL) Settlement module. The Significant Account Monitoring module is a fully automated compliance solution that enables banks to seamlessly identify, research, and report exceptions related to general ledger transactions. This module allows banks to set rules that are tailored to each bank's individual requirements.
The GL Settlement module provides automatic identification, research, and clearing of operational exceptions in loans, certificates of deposit, and checking account transactions and the associated general ledger entries. These automated modules streamline the review of exception transactions using a Web-based case management tool that significantly reduces the number of staff hours historically required to meet compliance with bank-specific internal controls, Sarbanes-Oxley, and other regulatory directives.