Gain insight into a state-of-the-art compliance system for financial institutions.
Today being a board member or senior officer at a financial institution is fraught with many different pressures. The need to maintain effective compliance with limited resources while products and services are changing in the banking industry presents a challenge. The growing number of financial technology firms has put pressure on financial institutions to develop new products and services. This topic is intended to define a state-of-the-art compliance system for financial institutions. We will discuss the fundamentals for compliance as well as ways to balance limited resources with effective outcomes. This information will be critical to board members and officers as they develop plans for the future.
Add to Wishlist
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Frontline Compliance Fundamentals
- Introduction to the Topic
- Governance and Compliance Are Considered the Main Function and Focus of Board Members and Officers and Each Will Be Held Accountable in the Event of Malfeasance
- Some of the Most Pressing Issues That Directors and Officers Will Face Include Potential Systemic Problems With BSA, UDAAP and Fair Lending
- Despite the Fact That There Have Not Been Many Significant Changes in These Areas in Recent Years, the Interpretation of Compliance as Changed
- While the Fundamentals Are the Same, the Way They Must Be Implemented Has Changed
- Establish Internal Controls and Risk Appetites
- Supervise Management
- Engage in Periodic Monitoring
- Challenge Information Presented
Basic Duties of Board and Officers
Regulatory Expectations
- On a High-Level Understanding Applicable Regulatory Scheme
- Obtain Sufficient Evidence to Determine the Overall Performance of the Bank
- Supervise Programs and Set Metrics for Results
- Look for Unusual or Suspicious Trends
- Training Is a Key Ingredient
BSA, UDAAP and Fair Lending
- Ongoing Area of Enforcement Action
- Especially True Where MSBs Are Involved
- Areas of Compliance That Can Creep up and Surprise
- Risk-Based Approaches to Compliance
Strategies for Compliance
- Increasing Resources Internally
- Outsourcing
- Testing
- Using Internal Audits Effectively
Conclusion
- Components of an Effective Compliance Program
- Making the Most of Limited Resources
- Making the Compliance Program Fit the Institution
Add to Wishlist
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on November 18, 2020.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
James DeFrantz, CRCM, CAMS, J.D.
Virtual Compliance Management
- 30 years of experience in financial service regulatory compliance
- Worked with money service businesses in the United States and internationally, including consulting with money remitters, Fintech lenders and foreign exchange firms
- Specialist in compliance in consumer and real estate lending, BSA, CRA, fair lending, consumer operations, non-deposit investment products, note department operations, assessment of ALL, and credit approval process
- Served as a senior compliance examiner at the Federal Reserve Bank in San Francisco, as an analytical manager at the Office of Thrift Supervision, and as a commissioned national bank examiner at the Office of the Comptroller of the Currency (OCC)
- Certified Regulatory Compliance Management and Certified Anti- Money Laundering Specialist
- Certificate, Pacific Coast Banking School of Bank Management; J.D. degree, with a concentration in banking and finance, University of San Francisco; B.A. degree, Dartmouth College
Add to Wishlist
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
