BSA Officer Part 2: BSA Reporting to the Board
BSA officers have many tasks, especially regarding compliance.
Although the board of directors has ultimate authority, they rely upon the BSA officer and management to keep them informed and raise any red flags. BSA officers have the hefty responsibility of reporting to the board — accurately and honestly. Are your reports up to snuff?
After This Webinar You’ll Be Able To:
- Understand directors’ BSA responsibilities
- Develop a comprehensive, ongoing BSA training program for the board
- Explain your institution’s existing BSA/AML risks and the impact of pending BSA regulation changes
- Use provided templates and information to create detailed board reports
- Distinguish the key details examiners will be looking for in your board reporting
Ultimate responsibility for your BSA program rests with the board. Since directors aren’t there to oversee the day-to-day operations, they must rely on the information provided by the BSA officer and management to make the strategic, risk-based decisions needed to maintain compliance and avoid costly incidents of fraud. What’s more, recent BSA enforcement actions have cited lack of board and management oversight as a significant violation.
BSA officer communication with the board starts with effective initial and ongoing training and continues with periodic reporting to keep directors informed on your BSA program and the ever-changing regulatory environment. This session will address appropriate training content, as well as the frequency and type of reporting most needed by the board. It will highlight the details that directors need most to support their decision-making and enhance their understanding of your institution’s BSA/AML risks. Learn current BSA hot buttons your board needs to understand to ensure your institution has implemented appropriate controls and dedicated resources to the areas of highest risk.
Who Should Attend?
This informative session is designed for BSA/AML officers, compliance officers, and senior management.
- Sample BSA board report
- Director training documentation
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.
Dawn Kincaid – Brode Consulting Services Inc
Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Kincaid served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Kincaid has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.
- $279 – Live Webinar Access
- $279 – OnDemand Access + Digital Download
- $379 – Both Live & On-Demand Access + Digital Download