TOPIC: Exam Prep

May Webinar - Ask Me Anything Q&A: Risk Managers Tell All

You are invited to our free May webinar on Wednesday, May 29. If you are not able to make it to the live event, the recording will be available for download afterwards. Register today!
Here’s your chance to ask the experts! We’ve compiled a stellar group of risk managers for a video panel discussion. From career advice to best practices, you’ll have the opportunity to pick the brains of battle-tested risk professionals.
Our panel will tackle questions like:
  • How do you divide and conquer all the kinds of banking risks?
  • How does your risk team interact with IT, compliance, the board, etc?
  • What’s the most unusual occurrence in an exam/board meeting that impacted risk?
  • What keeps you up at night, and what are you doing about it?
  • What’s your best piece of advice to share?
  • What character attributes allow you to be successful in your role?

Whether you’re a seasoned banker or a neophyte to the industry, tune in to (anonymously) ask industry peers about their trials and tribulations, and seek advice on how to be a successful risk manager today.

Register Today!

    Last Chance - Free December Webinar: Tracking Exam and Audit Findings

    You are invited to our December webinar discussing best practices for tracking and avoiding exam and audit findings. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

    Standard compliance protocols are set to ensure that processes are followed by management and employees, internal audit, external audit, and government review. In spite of those checks and balances, examiners and auditors uncover deficiencies in your processes, and it falls to your team to resolve them. These issues can be the proverbial ‘hot potato’ on who takes the necessary action on the findings. It’s common for the findings to revolve around third-party risk, business continuity issues, and compliance areas. This webinar will address:

    • The dangers of only using Excel spreadsheets to manage findings
    • Best practices for policies and procedures to avoid findings in the first place
    • How to track to guarantee complete remediation of findings
    • The benefits of testing your remediation to ensure changes take effect
    • Best practices of vendor management, business continuity planning, and compliance to help your financial institution avoid findings

    Register Today!

      Free December Webinar! Tracking Exam and Audit Findings

      You are invited to our December webinar discussing best practices for tracking and avoiding exam and audit findings. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

      Standard compliance protocols are set to ensure that processes are followed by management and employees, internal audit, external audit, and government review. In spite of those checks and balances, examiners and auditors uncover deficiencies in your processes, and it falls to your team to resolve them. These issues can be the proverbial ‘hot potato’ on who takes the necessary action on the findings. It’s common for the findings to revolve around third-party risk, business continuity issues, and compliance areas. This webinar will address:

      • The dangers of only using Excel spreadsheets to manage findings
      • Best practices for policies and procedures to avoid findings in the first place
      • How to track to guarantee complete remediation of findings
      • The benefits of testing your remediation to ensure changes take effect
      • Best practices of vendor management, business continuity planning, and compliance to help your financial institution avoid findings

      Register Today!

        Finding Renewed Purpose in the Bank Secrecy Act

        Blog Series - 50 Years of the BSA - Part 1
        Finding Renewed Purpose in the Bank Secrecy Act
        November 7, 2018 by Jim Richards

        In Part 1 of this 3-blog series, Jim Richards, former Global Head of Financial Crimes Risk Management at Wells Fargo & Co., provides his commentary on Finding Renewed Purpose in the Bank Secrecy Act. He examines the influences that have forged its history and discusses how the Act’s purpose might appear to have become lost over the course of an almost-50-year evolution.

        Richards explores FinCEN’s role in the BSA, and how regulatory expectations as outlined in the FFIEC’s BSA/AML Examination Manual, have changed the compliance and risk management landscape over time. He goes on to suggest that an increased focus on the nuts and bolts of compliance programs has resulted in an increased divergence between regulatory mandates and the stated purpose of the Act.

        In this insightful commentary, Richards’ suggests subtle changes to the Manual’s language that could strengthen and refocus the intended purpose of the BSA — providing actionable intelligence to law enforcement.

        Read the full blog now: https://verafin.com/2018/11/finding-renewed-purpose-bank-secrecy-act/?src=CBANC

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          White Paper | 50 Years of the Bank Secrecy Act

          It’s Time to Renew the Purpose of Providing Actionable Intelligence to Law Enforcement

          To recognize almost 50 years of the Bank Secrecy Act (BSA), thought leader and industry expert, Jim Richards, has produced this thoughtful and insightful whitepaper.

          In it, Richards reflects on the circumstances surrounding the birth of the BSA as the Foreign Bank Secrecy Act of 1970, charting its history through various updates and iterations, and exploring how world events, changing technologies, and the fluctuating social and economic climates have informed its evolution through the years. Richards speaks to the purpose of the Act, the difficult times surrounding the 2008 financial crisis and the years that followed, and how the last couple of years have seen a change of intention and approach in the financial crimes risk management industry.

          Finally, Richards suggests a subtle but important change to the language of the BSA/AML Manual, centred around “providing timely and actionable intelligence to law enforcement” in order to lead the industry forward into what he calls “an exciting and dynamic time”.

          Download now: https://verafin.com/resource/50-years-bank-secrecy-act/?src=CBANC

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