Internal Compliance Monitoring & Risk Assessment

December 5, 2024

Audit & Accounting Compliance Directors Senior Management

Live Webinar

DateDec 5, 2024Duration90 minutes

08:00 AM PST09:00 AM MST

10:00 AM CST11:00 AM EST

Unlimited connections for your institution
Available on desktop, mobile & tablet
Take-away toolkit
Presenter’s contact info for questions

On-Demand Webinar

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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Regulatory expectations for a strong, well-defined, and documented compliance management system (CMS) continue to increase.

Whether you are a small, community financial institution or a large regional bank, your CMS is not complete without a plan for internal monitoring and ongoing testing.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Define the components of a risk assessment and understand the importance of planning and documenting your compliance management program
Identify the relationship between your compliance risk assessment and schedule for internal monitoring and testing
Build a detailed risk assessment specific to your institution
Design and implement an individualized compliance monitoring schedule
Establish criteria for reporting compliance results to the board and senior management

WEBINAR DETAILS

A quality compliance management system must include internal monitoring and ongoing testing. What drives the scope of an internal monitoring plan? The risk assessment. It is crucial to ensuring adequate compliance testing based on your level of risk. An appropriate scope and schedule for transaction testing and internal monitoring are imperative for preventing regulatory compliance violations which could potentially lead to consumer harm, restitution, monetary penalties, and enforcement actions.

This session will walk through components of a compliance risk assessment to support your CMS and provide elements for consideration during the development process. It will address the process for developing the scope and schedule of a monitoring plan. All systems should be tested regularly to ensure things are working as intended, and the CMS is no different. Join us to explore how assigned risks link to the frequency of transaction testing and what to do with the results once testing is completed.

WHO SHOULD ATTEND?

This informative session is designed for compliance officers, internal auditors, operations managers, and compliance or audit support personnel.

TAKE-AWAY TOOLKIT

Sample compliance management policy
Risk assessment checklist and sample internal monitoring schedule
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.