Governance for Financial Services & Credit Unions The same risk story for the board and the examiner, every cycle.
Examination cycles reward consistent reporting. Devensa builds governance that gives the board, examiners, and auditors the same risk story, measured the same way, every time.
Examinations reward consistency.
Examination cycles that reward consistent reporting, vendor concentration risk, and AI adoption moving faster than policy in member-facing channels.
- Gramm-Leach-Bliley Act (GLBA)
- FFIEC IT Examination Handbook
- NCUA Part 748 (credit unions)
- Bank Secrecy Act and AML programs
- PCI DSS
- NYDFS Part 500, where applicable
Which apply depends on your organization. Each is mapped to one control set, so the same evidence answers every audience.
What the six domains look like for banks and credit unions.
Controls and incident response aligned to examiner expectations, including core-processor and vendor dependencies.
Approved use and model review for AI in member-facing and lending workflows.
One risk appetite, one scoring method, and a board pack that shows trend across examination cycles.
Obligations mapped to controls so examination and audit requests draw on the same evidence.
Customer and member data mapped, with notices that match actual handling under GLBA.
Agreed definitions and quality standards for the figures reported to regulators and the board.
Three common first engagements.
The order is set by your roadmap, not by sector. These are where banks and credit unions most often begin.
Enterprise Risk Current State Assessment
Baselines the program against COSO ERM and sets up one register and appetite.
Third-Party & Enterprise Vendor Risk Program
Addresses concentration risk in core processors and critical vendors.
Board & Executive Cyber Risk Reporting Program
Gives the board a reporting format that reads the same across exam cycles.
Common questions from banks and credit unions
Does Devensa work with banks and credit unions?
Yes. Financial Services & Credit Unions is one of the sectors Devensa serves, across all six governance domains: cybersecurity, AI governance, risk management, compliance, privacy, and data governance.
Does Devensa support credit unions as well as banks?
Yes. For credit unions that includes NCUA Part 748 alongside GLBA and the FFIEC IT Examination Handbook; for banks, the applicable federal and state requirements. Both are mapped to one set of controls.
Where should a bank or credit union start?
Usually with the domain under the most pressure, most often Risk Management or Compliance in this sector. Each domain opens with a Current State Assessment that produces its TruMaturity™ score and roadmap.
Walk into the next exam with one narrative.
A working session walks your position across the six domains and sequences the first cycle of work.