WEBINAR

Introduction to Compliance Risk Assessments Webinar

CFT Credits: 0.25

Bank examiners provide significant credit to banks who have conducted their own risk assessments since they allow examiners to minimize their transaction testing and risk evaluation by instead validating the bank’s own risk assessment. Your risk assessment process is the first step in determining the scope and testing for the bank’s monitoring programs as well as determining the scope and coverage of compliance audit programs.

Webinar Description and Audience

WHAT?

Compliance Risk Assessments are not a regulatory requirement but the absence of, or deficiencies associated with, risk assessments are often identified as the root cause of many findings addressed in examination reports and enforcement actions. Banking examination manuals repeatedly point out that banks are expected to be aware of the most significant compliance risks to the bank and to their customers and consumers. All risk assessments, whether they be for BSA, UDAAP or Compliance Management, share the same principles and methodologies and you will be provided the knowledge to conduct a risk assessment for all key compliance areas at your bank following this program.

WHY?

Bank examiners provide significant credit to banks who have conducted their own risk assessments since they allow examiners to minimize their transaction testing and risk evaluation by instead validating the bank’s own risk assessment. Your risk assessment process is the first step in determining the scope and testing for the bank’s monitoring programs as well as determining the scope and coverage of compliance audit programs.

While there is no one size fits all risk assessment methodology, the key is to arrive at a detailed analysis of the level of inherent compliance risk (before controls are factored in) for each applicable law or regulation, or by business unit or function, including the effectiveness of the compliance risk controls to measure, monitor and mitigate identified risk(s). The resulting residual risk ratings will contain recommended corrective action(s) designed to reduce residual risks to a level that is within the Board’s acceptable risk tolerance.

Covered Topics:

•Difference between and expectations of internal vs external risk assessments
•How to identify and measure inherent (environmental) and residual risks
•How to identify all internal or external processes or functions considered Controls
•Independence and knowledge level of personnel performing the risk assessment
•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 Risk Officers, Compliance Officers, BSA Officers, Fair Lending 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
07/19/17Archived Six Month On-Demand Recording$295.00Order
07/19/17Archived CD-ROM Video Recording$345.00Order
AnyIn-HouseRequest