Security Officer Reports to the Board: What is Required?

The Bank Protection Act requires the security officer to provide annual reports to the board on the “implementation, administration, and effectiveness of the security program.” What does this entail? Are regulatory requirements the only concern? Is the report discoverable if the bank is sued? Although some banks are satisfied if regulators don’t take issue with the board report or security program, a lawsuit against the bank will quickly illustrate whether key items are missing. Remember that the annual security report may reach a much larger audience than the board.

Join this webinar to learn how to prepare the annual report and how to present it with skill and diplomacy. In addition, learn about the physical security aspects of foreseeable events that should be reported and how keeping good records simplifies reporting. Security officers will garner valuable resources that can provide statistics, facts, and information to reduce bank liability.

Continuing Education:   Attendance verification for CE credits upon request

This informative session would best suit security officers, risk management staff, auditors, and senior management responsible for the security function.