Financial Product Development and Governance Audit Checklist

A comprehensive checklist for auditing financial product development and governance processes, covering aspects such as product design, risk assessment, regulatory compliance, customer suitability, and performance monitoring to ensure responsible and effective product management.

Financial Product Development and Governance Audit Checklist
by: audit-now
4.6

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About This Checklist

In the rapidly evolving financial services landscape, effective product development and governance are crucial for innovation, compliance, and customer satisfaction. This Financial Product Development and Governance Audit Checklist is an indispensable tool for ensuring that new financial products are developed, launched, and managed responsibly. By systematically evaluating product design processes, risk assessments, regulatory compliance, customer suitability, and ongoing performance monitoring, this checklist helps financial institutions identify potential issues, enhance product quality, and mitigate risks associated with new offerings. Regular implementation of this checklist not only safeguards against regulatory scrutiny but also contributes to sustainable growth and customer trust in an increasingly competitive financial marketplace.

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Industry

Financial Services

Standard

MiFID II Product Governance requirements and local regulatory guidelines

Workspaces

Bank branches

Occupations

Product Manager
Compliance Officer
Risk Management Specialist
Internal Auditor
Customer Experience Analyst

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