Risk and Compliance Officers
Balancing compliance, portfolio risk, audits, regulations, and data security can be challenging. Constant vigilance is key.
Protect and Defend
With the right software solution, you can utilize data and insights to achieve your goals and protect your reputation.
Maintain Compliance
Establish operations to satisfy regulatory changes and compliance.
Mitigate Portfolio Risk
Leverage data to understand potential risk across all portfolios.
Make Sound Decisions
Standardize processes to remove bias and maintain consistency.
Sail Through Audits
Balance all of the above to avoid audit fears and failures.
A Platform Built For Compliance
With Baker Hill NextGen® the tools for successful risk management are baked in.
Consistent Compliance
Extend the reach of your compliance department by creating consistent processes across the entire loan lifecycle.
Tickler Workflows to Stay on Track
Automate tickler management and never miss a step. Gain visibility and transparency while staying compliant.
Automated Risk Rules are Always On
Proactively monitor your portfolio to identify potential pitfalls before they happen. Reduce risk and sleep soundly.
Institutionalizing Risk Management
Discover risk management insights in our whitepaper.
Risk is Everyone’s Job
Institutionalize best practices and standardize processes to help manage risk across all departments.
Your Partner in Risk Reduction
We know risk management, but don’t just take our word for it. See what our clients are saying.
Scaled growth
Resources for Risk Management
Learn how an LOS supports sound risk management strategies.
Frequently Asked Questions
You’ve got questions, we have answers. Here are common questions we field regularly.
What is a good risk management strategy?
A good risk management strategy is multi-faceted and varies from institution to institution, but will generally include components of standardized processes, compliance training, risk assessments, mitigation, reputation management, and technology. Understanding an institution’s appetite for risk, warning triggers to identify risk, and a playbook for responding to risk are critical.
How does Baker Hill’s software help lower risk?
Our portfolio monitoring solution is an always-on automated risk management tool that aligns with your institution’s risk appetite and parameters to set up alerts and notify bankers of any pitfalls in real-time. Our loan origination solution includes features such as workflows and tickler management, and helps lower risk by reducing manual entry and re-keying of data where errors can happen.
How does Baker Hill stay up-to-date on compliance and regulatory changes?
Baker Hill’s top subject matter experts and analysts follow regulatory changes closely and guide our roadmap as needed. Ever-changing mandates mean Baker Hill is constantly innovating to help solve your compliance needs.
What security measures are in place to protect customer data?
We understand that compliance is critical and customer data needs protected more than ever. Baker Hill NextGen® is a cloud-based SaaS platform built with the Microsoft Azure platform. We are SOC-2 certified and use CrowdStrike for additional layers of data security.
Can Baker Hill provide examples of other institutions that have successfully implemented this software?
Yes! Don’t just take our word for it, we have client stories from a variety of institutions (hyperlink to client stories). We can also connect you to others via reference calls later into the purchasing process.
