Board Oversight: Preparing for the Compliance Exam
Course Number: ABA
Course Code: n/a
Explores a bank board’s key responsibility for overseeing the bank’s management of compliance risk and monitoring the effectiveness of its compliance function. This includes preparing for any examination by bank regulators, reviewing communication from the compliance officer, and responding to the examination report findings.
After successfully completing the course, you will be able to:
Explain the types of compliance examinations a bank must undergo regularly to determine the scope of bank risk
Explore the steps the board should take to prepare for the compliance exam
Explore the steps the bank should take to plan for and manage the compliance exam
Audience: For members of a bank's board of directors.