executive-briefing-compliance

Compliance Responsibility is every banker’s journey

Chamber of Thrift Banks GMM June 11, 2010

Training Objectives •

•

Empower Compliance Officers and Coordinators in understanding of their role and challenges Orient bank support officers on the value of Compliance.

Training Objectives • • •

Improve soft skills of Compliance officers to effectively discharge their functions Promote pro-active compliance culture in respective banks Support thrift banks achieve satisfactory CAMELS rating.

Compliance Function – A Dynamic Process Compliance Program

Regulatory Bodies

Compliance System

Monitor & Assess

Communications

COMPLIANCE FUNCTION Before CO Era Regulatory Pressures

AVOID This Regulatory Pressures

IDEAL Regulatory Pressures Compliance Officer

Line Officers’ Regulatory Knowledge

Compliance Officer

Line Officers’ Line Officers Regulatory Knowledge

Line Officers Personnel Knowledge

Personnel

Personnel Personnel PersonnelKnowledge Knowledge

Compliance culture and Bank’s Journey to CAMELS 5 • What is CAMELS Rating? • Why Is it important? • Where are we now? • How do we get there? • When do we go there?

Journey to CAMELS 5 must be owned by BANKER • Regulatory Pressures for CAMELS 5 • CAMELS RATING is DRIVEN from all areas of OPERATIONS • BENEFITS OF STRONG CAMELS RATING IS for the whole BANK

Training Outline • Module 1 Intro to Compliance – Responsibility & Compliance frame work – Compliance Soft Skills

• Module 2 Compliance Systems and Tools • Module 3 Compliance Technical skills – MORB Basics – Understanding CAMELS

• Module 4 Reinforcing AML and EDD