BankerCollege

In this compliance training, you will be provided with definitions and explanations of what the three lines of defense are.

The training will focus on the first line of defense and the theoretical and practical steps or processes business line and service line leaders should take or implement to ensure the compliance culture of your financial institution appropriately meets the boards expectations for your compliance management system.

This compliance webinar will examine:

• Three Lines of Defense 
  • Operational Management
  • Internal Monitoring and Oversight Functions
  • Internal Audit

• Compliance Management System and Critical Components of Consumer Compliance Programs
  • As noted in the FDIC Compliance Examination Manual, an effective CMS is commonly comprised of two interdependent elements: Board and Management Oversight; and the Consumer Compliance Program
    • Policies and procedures
    • Training
    • Monitoring and/or Audit
    • Consumer complaint response

• Compliance Culture - Setting the Right Tone
  • Are compliance results part of the job description and review process?
  • Are results of monitoring and audits shared with all employees so employees can learn?
  • Is constructive feedback provided to employees?

• Compliance Training
  • Identifying the multiple facets of an effective Compliance Training Program
  • Regulations that do and do NOT have specific training requirements
  • Training required by job types

• Compliance Monitoring
  • Elements and best practices associated with strong compliance monitoring programs.

This compliance training is a critical component of every bank or credit union’s focus on regulatory requirements and risk exposure.