Compliance Management System (CMS): What a Successful Program Looks Like Webinar
Read virtually any enforcement order these days and you’ll see a common theme: a criticism of the institution’s Compliance Management System, or CMS. The thought process goes like this: if the institution had a better way to identify, manage, and remediate its risks, regulatory intervention and/or penalties may not be necessary, or to such a drastic degree.
Webinar Description and Intended Audience
Read virtually any enforcement order these days and you’ll see a common theme: a criticism of the institution’s Compliance Management System, or CMS. The thought process goes like this: if the institution had a better way to identify, manage, and remediate its risks, regulatory intervention and/or penalties may not be necessary, or to such a drastic degree. You could call this the credibility argument; the institution is just not credible when it comes to its compliance capabilities.
This is not just a subjective exercise. There are very clear expectations around what institutions must have to meet regulatory expectations. Virtually all the federal regulators have issued guidance on what should be present in an effective CMS. This webinar will explore this topic and those expectations, along with providing guidance as to maintaining your institution’s CMS in order to be credible and minimize compliance risk wherever possible.
- What elements are necessary in a well-designed and managed CMS?
- Regulatory guidance from various agencies
- Operating in a 3 Lines of Defense environment
- What are the roles of the business(es) and audit?
- Separation of duties
- What is management’s role in an effective CMS?
- What will regulators be looking for?
Who Should Attend?
This program is designed for Compliance Officers along with their staffs; Internal Audit managers and their staffs; and members of bank management which oversee the Compliance function.
Webinar Viewing Options
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.
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 any applicable handouts and a CD-ROM (featuring the full-color PowerPoint presentation with audio) via regular mail. Mailed 7 to 10 days after the webinar takes place.
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.