WEBINAR

BSA Risk Assessments Webinar

CFT Credits: 0.25

Participants receive a detailed manual that serves as a valuable resource long after the conclusion of the program which will serve as a vital resource in developing or enhancing the bank’s BSA risk assessment program.

Webinar Description and Intended Audience

WHAT?

Numerous banks have been the subject of public BSA enforcement actions within the past year and one common theme throughout these public, written actions was either the lack of, or deficiencies associated with, the subject bank’s BSA Risk Assessment.

There is no FinCEN or prudential agency mandatory requirement to conduct a BSA Risk Assessment but risk assessments are the second topic addressed in the BSA/AML Examination Manual. The strength of the language in the exam manual makes it easy to deduce that a comprehensive, risk-based assessment will be the focal point of a bank’s BSA examination.

The examination manual specifies that risk assessment was given its own section in order to “emphasize its importance…in the bank’s design of risk-based controls.” Let’s all heed the examiners strongly worded advice on this issue and follow their expectations.

WHY?

The examination manual clearly states that if a bank has not completed a risk assessment on its own the issue will be discussed during the examination and the examiner will conduct their own risk assessment based on available information. The examiner will also conduct a new risk assessment if the bank’s is judged to be inadequate. Tell your own story completely by putting your best foot forward before the examiners tell it for you.

A risk assessment is the first step in determining the focus and parameters of the bank’s BSA monitoring program, determining the scope and coverage of its compliance audit program and in validating its transaction monitoring system.

Participants receive a detailed manual that serves as a valuable resource long after the conclusion of the program which will serve as a vital resource in developing or enhancing the bank’s BSA risk assessment program.

Covered Topics:

•Levels of management, business units, and appropriate staff that should be involved in the BSA risk assessment process including report distribution
•How to identify and measure residual risks, assess and rate mitigating controls, and arrive at a final residual risk rating for segment and composite ratings
•Determination of which products, services, customers, entities, transactions, and geographies to include within the assessment
•Metrics necessary and timing methodology for year to year or quarterly comparison
•Development of framework for scoping, identifying, assessing, testing, monitoring, and reporting
•What should be documented and reported versus addressed informally

Who Should Attend?

The program is designed for BSA Officers, Compliance Officers, Risk Officers, Auditors and supporting staff members.

Webinar Viewing Options

LIVE WEBINAR:                                              

INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK!  With this option, you will participate in the webinar live, via the internet. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time.  And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:

With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:

If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool.  With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

IN-HOUSE:                                                        

Webinars can be scheduled and offered exclusively for your company.  They can even be customized to best fit your needs.  To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

Register Here!

Choose the viewing option that best suits your needs. Live Webinar times are shown as Eastern Time. You can choose to pay by credit card or invoice when you register. CFT Credit will be awarded to the registrant, unless directed otherwise (additional attendees can also receive credit for an additional fee). CFT Webinars are powered by Total Training Solutions!

Webinar DateStart TimeEnd DateEnd TimeViewing Options - See Descriptions AbovePrice
08/31/17Archived Six Month On-Demand Recording$295.00Order
08/31/17Archived CD-ROM Video Recording$345.00Order
AnyIn-HouseRequest