Description
* Please note that the recording links will be delivered to you via a downloadable PDF in your confirmation e-mail. The PowerPoint that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
Voluntold (verb): When volunteering isn’t so voluntary after all. The act of being volunteered for something, usually a difficult or challenging task.
Coworker 1: “I hear you’re our new compliance officer!”
Coworker 2: “Yeah, I was voluntold last week. That’s the last time Starbucks makes me late for a meeting.”
Successful risk and compliance management in the face of new and ever-changing regulation requires an effective Compliance Management System (CMS).
Compliance Management Systems 101
A Compliance Management System is how an institution establishes and communicates compliance responsibilities to its employees, ensuring operations are carried out compliantly and that appropriate corrective action can be taken as needed. In this session, we’ll cover the most salient aspects of a CMS and how the appropriate implementation of a CMS can embed compliance into day-to-day operations. You’ll come away knowing exactly how a CMS operates, if your FI has an effective one, and how to optimize it.
WHY?
In the last 18 months, over 60% of all enforcement actions have referenced governance and CMS issues.
New and ever-evolving regulations coupled with changes wrought by the pandemic have dramatically impacted today’s compliance professional. In order to respond appropriately and mitigate risk, a strong and effective CMS program is critical.
