Compliance Management Risk Assessment: Same Tune, Different Lyri

Presented by: Patricia Cashman                    

  The "How-to's" with step-by-step examples

Risk assessment…Can you go a week, or even a day, without hearing that phrase? As the compliance officer, you are required to have a risk assessment for AML, Remote Deposit Capture, ACH processing, OFAC, Identity Theft Red Flags, CIP … the list goes on ad nauseam. Now, add to the list attempting to navigate the new CFPB regulations. Which ones apply to your financial institution and which ones can you safely ignore? With all of this, perhaps you should do a risk assessment before deciding whether or not to go to work today!

A healthy compliance management program is based on establishing a comprehensive program of risk controls and reviews. To attain this lofty goal, you must start with a foundation based on identified risks. An effective compliance management program is one which recognizes, controls, and monitors compliance, reputation, and transaction risks.

This session is designed to assist you in development of a customized risk assessment for use in your financial institution's compliance program. We will cover the following steps:

• IDENTIFY - Where to locate those areas you should be measuring.
• CONTROL - How to reduce the identified and associated risks.
• MEASURE - How much is "high"? What can be categorized as "low"?
• PRIORITIZE - Which and what level of resources (time, personnel, assets, training, etc.) should be devoted to which risks.
• MONITOR - Keeping an eye out for changes and/or problems

Who should attend? This session is designed for:

• New compliance officers who need a jump start;
• Experienced compliance officers who want to ensure their compliance programs are sound and effective;
• Compliance auditors who need to develop risk-based compliance audits

About the Speaker: Patricia Cashman
Patricia is a partner in Cashman Compliance Solutions, LLC. She is responsible for consumer compliance reviews, Bank Secrecy Act (BSA) and Anti-Money Laundering reviews, and compliance and BSA training.

Patricia began her banking career in 1969. She has been the senior operations officer for three Dallas-Ft. Worth area community banks, an assistant examiner for the Texas Department of Banking and managed the compliance/internal audit division of TIB - The Independent BankersBank, one of the largest bankers' banks in the country.


VIEW A 10 MINUTE SAMPLE
(requires Windows Media Player and IE).

CD-ROM includes:

• Complete presentation (including slides and audio)
• Written Materials
• Follow-up Q & A

You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

This program was recorded in its entirety in May 2015. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.