Compliance Management System (CMS) Essentials

Today’s financial institutions must have sound Compliance Management Systems (CMS). From making sure everyone is following policies and procedures to training staff to tracking, understanding, and implementing new regulations and predicting the impact of proposed rules, it’s a never-ending exercise in organization and education. That’s why federal regulators require financial institutions to have a CMS. While each agency has its own definition of a CMS, it all boils down to one simple concept: how a financial institution manages consumer compliance risk.

This program provides a practical, risk-based review of the basic requirements of a CMS. A CMS is how an institution learns about its compliance responsibilities and ensures that employees understand these responsibilities. A good CMS also ensures that requirements are incorporated into business processes and reviews operations to ensure responsibilities are carried out and requirements are met. Learn how to take corrective action and update materials as necessary.

Compliance Management System (CMS) Essentials has been approved for 2.5 CRCM credits.

What You’ll Learn

• A review of the basic requirements of a CMS and tailoring them to your financial institution
• How changing regulatory requirements pose a risk if not tracked and managed properly
• Breaking down institutional silos to build and maintain a better CMS Reviewing, testing, and monitoring operations to ensure requirements are working as intended
• Training business units
• Correcting and preventing consumer harm

Who Should Attend?
This session is designed for anyone who needs a better understanding of a strong CMS. It may be particularly beneficial for new compliance officers, as well as those working in compliance, risk, auditing, and management.

Presenter
Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC, and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC, and consumer compliance. During her career, she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.

Registration Options

Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts $279

• Available Upgrades:
  • 12 Months OnDemand Playback + $110
  • 12 Months OnDemand Playback + Digital Download + $140
  • 12 Months OnDemand Playback + CD + $140
  • Additional Live Access + $85 per person