The FFIEC Consumer Compliance Rating System requires identification of risks related to financial institutions’ products, services, and activities. This webinar will examine the basic anatomy of a risk assessment and review common risk assessments. Once risks have been identified, you will get tips and tools for monitoring and testing to ensure consumer compliance risks are uncovered, documented, and communicated. Participants will learn how to stay current with the ever-changing regulatory environment and your institution’s internal product and service changes. This webinar will clarify any ambiguity associated with risk assessments and provide the tools you need to succeed.
- How compliance exam ratings are impacted by risk assessments, monitoring, and testing
- Anatomy of a risk assessment
- Overview of commonly used assessments
- How to develop a risk-based compliance monitoring schedule and reporting process
- Difference between monitoring and auditing
- TAKE-AWAY TOOLKIT
- Compliance risk assessment
- Compliance review schedule
- Monitoring report
- Compliance review report
- Resources for staying abreast of regulatory changes
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session will provide guidance on how to apply a risk-based compliance approach to identify compliance weaknesses. It will benefit both new and seasoned compliance officers and risk managers.
SPEAKER: Molly Stull, Brode Consulting Services, Inc.
Molly Stull began her career as a teller while working on her undergraduate degree and has continued working in the financial industry ever since. She has experienced the growth of a hometown bank, acquisitions of branches, mergers, charter changes, name changes, etc. Molly has activated business resumption plans, performed secondary market quality control reviews, processed wires, filed SARs, and coordinated reviews with external auditors and examiners. Her favorite role has always been educating staff and strongly believes that if staff understands the reason for a process they will be more compelled to follow the procedures. Molly holds a Bachelor’s from the University of Akron and an MBA from Ashland University.