This fast-paced seminar provides practical guidance to develop and maintain a risk-based compliance audit program. The CFPB has issued a "Readiness Questionnaire" for the sweeping mortgage changes in 2014. One of the questions asks "Have you updated your risk assessment to reflect the regulatory changes?" Your regulator will be asking this question in the next compliance exam. Have you been watching the amounts of recent civil money penalties for compliance violations? Two examples were a $135,000 penalty for flood insurance and $60,000 for HMDA violations. Could an effective audit program have prevented these fines? Whether your bank is a small community bank or a large regional institution, this seminar will review the components of an effective audit program. Participants will be guided through completing a risk assessment, defining the audit scope, completing the audit and reporting the results. This webinar will provide tools and guidance to help you successfully manage the compliance audit function.Covered Topics:
Who Should Attend
- What are the benefits to using a risk-based compliance audit program?
- How do you complete a compliance risk assessment?
- Five steps for a successful risk-based audit program
- How do you determine the audit scope and frequency?
- What are the eight elements of an audit program?
- Template for writing an audit report
- What does the Board need to know about the audit results?
- What type of corrective action is required when you find a compliance deficiency?
- Pros and cons of an internal audit function versus outsourcing an audit
The program is designed for both experienced and new Compliance Officers, Auditors, Risk Managers, and Senior Management. Requirements for small and large banks are covered with a particular emphasis for FDIC supervised institutions.The Presenter
Susan Costonis is a compliance consultant and trainer. She also has an affiliation with gettechnical inc. as an associate trainer. Her 34 year career in banking and training began with 20 years at First National Bank an affiliate Wells Fargo Bank, in Fort Collins, CO. Susan has been a bank compliance consultant or compliance officer in Louisiana since 1998.
During her career, Susan has successfully managed compliance programs and exams for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan regularly presents training to several state banking associations and specializes in compliance management, lending, and Fair Lending issues. She is a Certified Regulatory Compliance Manager and completed the ABA Graduate Compliance School. Susan also graduated from the University of Akron with a B.S in Art Education and the Graduate Banking School of the University of Colorado.
Cannot Attend The Live Presentation?
This presentation is also available in a recorded format, in On-Demand Or CD versions, as shown in the pricing options below.