Rochdale (formerly Rochdale Paragon) is changing the conversation around risk, regulation and sustainability for credit unions across the country.
Rochdale delivers risk-intelligent software, services and strategies that support ERM, vendor risk, operational risk and governance within the financial industry for more reliable decision-making, streamlined operations and preparedness against uncertainty. Through a rebrand, a new website and significant investments in its industry-leading risk management platform (apogee iQ)—including the development of its Operational Risk Assessment module—Rochdale is challenging credit unions to “reimagine risk” to uncover opportunities for growth, security and an improved member experience.
“Managing risk is critical to a credit union’s success. It’s at the heart of strategic performance, and the ability to proactively identify and understand the rapidly evolving challenges ahead allows organizations to pivot and seize new opportunities or avoid head-on problems,” Rochdale CEO Tony Ferris said. “Organizations must be comfortable in challenging assumptions, seeking diverse opinions and dealing with uncertainties. Governing or managing without proactive and quantitative data leaves decision makers with little to rely upon except intuition, but combining leadership experience with tangible insight is where great decisions are made. No one can tell the future, but we can increase the odds of understanding it to make the right, strategic bets.”
With a renewed focus on talent acquisition and development, Rochdale is delivering a more complete software offering with more robust reporting and functionality to create a better user experience. With the addition of the Operational Risk Assessments module, Rochdale will soon allow credit unions to gain added visibility and control over the full risk management process, from initial identification to risk assessment and maintenance.
“The investments we’ve made throughout the past several months fall directly in line with what the market is telling us they need. We’ve built an incredibly talented team around our apogee iQ software, giving us the flexibility and creativity to continue developing the most cutting-edge risk-based software available in the credit union industry,” said Jeff Owen, COO at Rochdale. “In the next few months we’ll be delivering on our Operational Risk Assessments module. To add that next big piece to what we already have creates the simplified operational risk management process our clients have been asking for, rounds out the risk management process and it’s something we’re extremely proud of.”
Rochdale Paragon Group, LLC was founded in 2016 from a merger between The Rochdale Group and The Paragon Group. Rochdale’s expertise in management, strategic planning, governance and lending support—coupled with Paragon’s vendor management, enterprise risk management (ERM) and compliance auditing acumen—provides the industry with an experienced and trusted partner on the full spectrum of risk management, strategy and assurance.