TOPIC: Exam Prep

Free - FFIEC webinar regarding the updated BSA/AML exam manual - June 26th

AVP at a bank ($102MUSA)
 The FFIEC plans to provide a review of the recent changes to the FFIEC BSA/AML exam manual. 
 
 FFIEC to Host Webinar on BSA/AML Exam Manual Updates The Federal Financial Institutions Examination Council will hold a free banker training webinar on June 26 at 1 p.m EDT covering 2020 updates to the FFIEC BSA/AML Examination Manual. Register now at https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=9769C7B4-7EDD-4E7D-8704-A1D4889CAB53&LangLocaleID=1033

    Fiserv Unity Director Imaging and creating electronic file for loan review

    SVP at a bank ($413MUSA)
    We are going to have a  third party complete our loan review process and due to COVID-19, they would like to do the review remotely.  Note: Examiners have also started making these type of requests. 

    Does someone have experience in creating an electronic loan file from Fiserv Unity Director Imaging, that would include CIF and Loan Documentation that should be what we used to provide in paper form?   I know that I can forward each individual document to the third party, but this would be a time consuming process.

    Any other thoughts would be appreciated.  I am also considering if we could allow the third party access to Unity Director Imaging remotely through a security group set-up for Auditors and Examiners, however, this has been used when the examiner has be at our offices and we have allowed access by providing them a station that they could log into and gain direct access like we do to Director imaging, with view only capability.

      BSA/AML Conference - ThinkBIG: Fighting Financial Crime (formerly BAM+ User Group)

      Join Abrigo for the 2020 ThinkBIG: Fighting Financial Crime Conference for BSA/AML professionals. For 16 years, the BAM User Group Conference, now renamed ThinkBIG: Fighting Financial Crime, has provided industry-leading education and support. Come hear from industry leaders, law enforcement, and peers as we dive into the latest trends in suspicious activity detection, fraud trends, and regulatory expectations.

      Network with other BSA/AML and fraud banking professionals, engage with regulatory and law enforcement representatives, and expand your base of industry knowledge. This is an event you can't miss! Be prepared to Think Bigger with insights and information critical to your BSA/AML and fraud prevention programs.

      Register here!

      **We're giving away one (1) free registration now through February 7th. Earn more entries for each person you refer!
      Enter to win!

        Job Aid | Preparing for a Successful Exam Checklist - What to do before, during, and after the exam.

        Preparing for a Successful Exam Checklist
        What to do before, during, and after the exam.

        Download Now


        Cramming for any exam is no fun. Nobody wants (or needs) that last-minute pressure! Certainly not when examiners are coming onsite in a few weeks.

        The best way to ensure a successful exam is to be prepared. We’ve created this exam checklist to streamline the process for you. Download now to know what will be covered on your exam, plan for the upcoming examiner visit, and review and organize your compliance documents.

        Download Now

          Free Webinar | What SEC Filers Have Learned About CECL Implementation | American Bankers Association

          Thursday, December 12, 2019 | 1 p.m. CT 
          Register today! 
          As financial institutions plan for their respective deadlines to implement the current expected credit loss (CECL) model, they can build out their models faster by learning from the key decisions peers have already made. SEC registrants (except those defined as smaller reporting companies) will have to implement ASU 2016-13 for fiscal years beginning after Dec. 15, 2019. That means large SEC filers on calendar years are just days away from their implementation date. Join Paula King, Senior Advisor of Abrigo Advisory Services, and Felicity Ours, Director of Credit Admin at Summit Community Bank, as they share the CECL experiences of Summit, in addition to those of other SEC registrants Join to learn about: 
          • The CECL experiences of 100+ SEC filers, and what all lenders should understand moving forward 
          • The items auditors and examiners will be looking for as effective dates get closer   
          • What to expect on day one of the transition

          Register today! 

            Free Webinar | Using BSA Exam Findings to Strengthen Your Program | 1.25 CRCM Credits

            Wednesday, November 20, 2019
            2:00 PM ET / 1:00 PM CT
            Register

            Based on his firm’s experience representing over 250 banks around the country, John Geiringer, with Barack Ferrazzano Financial Institutions Group, will explore recent BSA examination findings that may be pertinent to your next exam, sharing tips on how to avoid the risk of enforcement actions at your own institution.

            In this session, you will learn:
            • Industry trends from recent exams
            • How to avoid common pitfalls and errors financial institutions encounter
            • Preparation methods and tips for upcoming exams
            • The benefits of learning from other institutions similar to yours

            Register today! 


              Infographic | Managing & Mitigating Risk - Challenges of CDD/EDD for Higher-Risk Customers

              Infographic
              Managing & Mitigating Risk
              Challenges of CDD/EDD for Higher-Risk Customers

              Download Now


              “Although any type of customer account is potentially vulnerable to money laundering or terrorist financing, by the nature of their business, occupation, or anticipated transaction activity, certain customers and entities may pose specific risks.”
              FFIEC BSA/AML Examination Manual

              This infographic provides an easy-to-understand overview of high-risk customers, including expectations from examiners for risk-based procedures, a visualization of progressive methods of due diligence and suspicious activity reporting, current challenges of conventional CDD/EDD approaches, and how to strengthen compliance with an end-to-end approach to high-risk customer management.

              Download Now

                Job Aid | Preparing for a Successful Exam Checklist - Download Now

                Job Aid
                Preparing for a Successful Exam Checklist
                What to do before, during, and after the exam.


                Download Now

                Cramming for any exam is no fun. Nobody wants (or needs) that last-minute pressure! Certainly not when examiners are coming onsite in a few weeks.

                The best way to ensure a successful exam is to be prepared. We’ve created this exam checklist to streamline the process for you. Download now to know what will be covered on your exam, plan for the upcoming examiner visit, and review and organize your compliance documents.

                Download Now

                  Infographic | Managing & Mitigating Risk - Challenges of CDD/EDD for Higher-Risk Customers

                  Financial institutions are facing significant Customer and Enhanced Due Diligence (CDD/EDD) challenges for higher-risk categories of customers as outlined in the FFIEC BSA/AML Examination Manual.

                  This infographic provides an easy-to-understand overview of high-risk customers, including expectations from examiners for risk-based procedures, a visualization of progressive methods of due diligence and suspicious activity reporting, current challenges of conventional CDD/EDD approaches, and how to strengthen compliance with an end-to-end approach to high-risk customer management.

                    Infographic | Managing & Mitigating Risk - Challenges of CDD/EDD for Higher-Risk Customers

                    Infographic
                    Managing & Mitigating Risk
                    Challenges of CDD/EDD for Higher-Risk Customers


                    View Now

                    “Although any type of customer account is potentially vulnerable to money laundering or terrorist financing, by the nature of their business, occupation, or anticipated transaction activity, certain customers and entities may pose specific risks.”
                    FFIEC BSA/AML Examination Manual

                    This infographic provides an easy-to-understand overview of high-risk customers, including expectations from examiners for risk-based procedures, a visualization of progressive methods of due diligence and suspicious activity reporting, current challenges of conventional CDD/EDD approaches, and how to strengthen compliance with an end-to-end approach to high-risk customer management.

                    View Now

                      Free Webinar | How to Build and Cultivate Relationships with Examiners - 1 CAMS credit, 1.25 CAFP, CFSSP, CRCM credits

                      Register today

                      Thursday, July 18 | 1 p.m. CST

                      One of the most important business relationships your financial institution has is your relationship with examination staff from state and federal agencies, including the OCC, FDIC, Federal Reserve, and NCUA. A well-managed relationship needs tending even outside the exam window and should be nurtured by both sides on an ongoing basis. During this webinar, learn how to cultivate a collaborative relationship and effectively communicate with examiners.

                      Join to learn:
                      • Utilizing examiners as subject matter experts
                      • Requesting examiner input and buy-in when making material business decisions
                      • Addressing previously documented criticisms or recommendations
                      • Knowing your escalation paths within the agencies
                       Save your seat! 

                        Job Aid | Preparing for a Successful Exam Checklist - What to do before, during, and after the exam.

                        Preparing for a Successful Exam Checklist
                        What to do before, during, and after the exam.


                        Download Now

                        Cramming for any exam is no fun. Nobody wants (or needs) that last minute pressure! Certainly not when examiners are coming onsite in a few weeks.

                        The best way to ensure a successful exam is to be prepared. We’ve created this exam checklist to streamline the process for you. Download now to know what will be covered on your exam, plan for the upcoming examiner visit, and review and organize your compliance documents.

                        Download Now

                          CDD: One Year Later | Survey Request

                          It's officially been one year since the CDD rule went into affect. Have you had an exam since then? What aspects of CDD and beneficial ownership, if any, did the examiner focus on? 

                          We're doing a short survey on the impact CDD is having on recent exams and would appreciate if you could take a few minutes to fill it out. We're happy to share the results if you participate. 

                          Thank you! 

                          Survey: https://www.surveymonkey.com/r/QCJ33BN

                            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!