Compliance never takes a day off. The number of regulations we as financial institutions are subject to is vast while the number of hours in a day, weeks in a month, and months in a year are finite. As a compliance officer you must manage regulatory compliance dates (that can change on short notice), update policies and procedures to reflect new requirements, provide relevant information to staff, and stay informed about the next change, advisory, or guidance to be issued. In addition, you manage and implement numerous regulations, guidance, and monitoring reports – all of which are designed to avoid consumer harm and compliance violations for their financial institution. It’s easy for a monthly review or annual report to slip through the cracks. This session will journey through a year in the life of a compliance officer, including required training, risk assessments, reviews, reports, and audits. Useful tools, including a sample annual calendar for you to stay on track, will be provided.
KEY WEBINAR TAKEAWAYS
- Tracking methods for everything from policy approvals to exam findings
- How to enhance your change management process to address new and updated regulatory requirements
- Establishing an effective training program
- Effectively reporting compliance matters to the board
BONUS MATERIALS
- Sample compliance officer board report
- Sample compliance monitoring report
- Sample compliance training schedule
- Annual schedule for compliance officers
