Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
If you haven't done so already, make sure you sign up for our free membership where you get access to many member-only videos, articles, and other resources.
When regulators find deficiencies in consumer protection laws and regulations, they typically shift their focus and concern on the compliance management system (CMS) of the organization. In other words, examiners expect a compliance management system to be the foundation of the compliance function and posture of an organization.
While a compliance management system will rarely be the same from one organization to the next, there are a number of common elements that should be included in an organization’s CMS. Things like board and management oversight, a compliance program, and service provider oversight help to establish a framework for compliance in an organization. When an organization has effectively implemented these elements into their CMS, examiners will often find more comfort with an organizations compliance posture.
Our Compliance Management Systems training program takes a deep dive into the examiner expectations of a CMS for a financial institution. While each regulator takes a slightly different approach to their expectations for a compliance management system, the CFPB has provided a good outline that can be used in any financial institution as a basis for their CMS. Therefore, our training program generally aligns with the CFPBs guidance on compliance management systems.
Our Compliance Management Systems training program is designed to take a close look of the expectations of a compliance management system for banks and credit unions. Taking an hour and a half to complete, this training program is a quick and efficient way to get compliance management system training - without even leaving your office.
This program would be beneficial for new and seasoned compliance officers, senior management, auditors, compliance team members, directors, and anyone looking for an overview of the expectations for a compliance management system in a bank or credit union.
REGULAR PRICE: $349
NOTE: If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can work something out.
The class is presented in a single video and provides an overview of the BSA/AML requirements for financial institutions:
History & Overview of CMS
The 3 Elements of a CMS
Board & Management Oversight
Compliance Program
Policies & Procedures
Training
Monitoring & Compliance Audit
Consumer Complaint Response
Service Provider Oversight
Violations of Law & Consumer Harm
This Compliance Class provides you with a comprehensive look at the compliance management system requirements for financial institutions.
The class includes the following:
A comprehensive manual
A “virtual classroom” instructional video
60-day access to the class
Certificate of completion (1 per registration - available upon request)
All of our Compliance Classes are presented in our virtual classroom approach. This approach is designed to bring the presenter to you (at a fraction of the cost of having a live person) and includes a video of the presenter in front of a slide presentation that replicates a typical seminar environment. In addition, our presenters take a three-part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman's terms, and by keeping it light and humorous whenever possible. We have found that this "3-E" approach allow students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic.
Certificates of completion are now available upon request. One certificate is available per registration.
When you purchase this compliance class, you get instant access to the online version of this class for 60 days. You will also receive an electronic version of the accompanying manual to keep.
We believe in our training products so much that we are offering a 100% money back guarantee within the first 10 business days after purchase. If you do not feel that you received the value promised for this training session, contact us within the first 10 business days after purchase and we will either make things right or provide 100% of the purchase price back to you.
