Webinar: Internal Compliance Monitoring & Risk Assessment
December 5, 2024 3:00 pm - 4:30 pm
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 credit union, 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
Speaker: Emily Dent, Mauldin & Jenkins, LLC
Emily Dent is a partner with Mauldin & Jenkins. She earned a bachelor’s of Business Administration from Georgia Southwestern State University in 2001. Prior to joining the firm in 2007, she worked for a local community bank for nearly 10 years in both retail and operations roles. Emily provides accounting, auditing, and compliance services and speaks at events regarding compliance and BSA topics. With almost 25 years in the financial industry, she is decidedly focused on regulatory compliance.
In addition to being a CPA, Emily holds the Certified Regulatory Compliance Manager (CRCM) and the Certified Anti-Money Laundering Specialist (CAMS) certifications and is a member of numerous associations. She attended the National Banking School at the University of Virginia and is a graduate of the Albany Area Chamber of Commerce Institute of Leadership Development.