Compliance Management System (CMS) Essentials Webinar

All Regulators expect it. A CMS is how an institution:

• Learns about its compliance responsibilities
• Ensures that employees understand these responsibilities
• Ensures that requirements are incorporated into business processes
• Reviews operations to ensure responsibilities are carried out and requirements are met
• Takes corrective action and updates materials as necessary

In addition, it helps manage risk! A CMS helps manage risks associated with:

• Changing product and service offerings
• New legislation enacted to address developments in the marketplace
• Noncompliance with consumer protection laws may result in: Litigation, monetary penalties, and other formal enforcement actions

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. 6. 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.