$299.00
- Format:Webinar
- Education Type:BCU Webinars
- Line of Authority:N/A
- Language:N/A
- Credit Hours:N/A
Description
A CMS is the framework an institution uses to:
- Learn and stay current on its compliance responsibilities
- Ensure employees understand and apply those responsibilities
- Integrate regulatory requirements into daily business processes
- Review operations to confirm responsibilities are met and controls are effective
- Take corrective action and update policies, procedures, and training as needed
Just as importantly, a strong CMS helps institutions reduce compliance risk by proactively addressing:
- Changes in products and services
- New or amended laws and regulations driven by market developments
- The risks of noncompliance with consumer protection laws, which may result in litigation, monetary penalties, and formal enforcement actions
This webinar explains why regulators emphasize CMS and how a well‑designed system supports compliance, risk management, and regulatory confidence across the institution.
What You'll Learn
You will learn how to:
- Review the core requirements of a CMS and tailor them to fit your financial institution’s size, complexity, and risk profile
- Understand how changing regulatory requirements can pose compliance risk if not properly tracked and managed
- Break down institutional silos to build and maintain a more effective, coordinated CMS
- Review, test, and monitor operations to ensure compliance requirements are working as intended
- Deliver effective training to business units.
- Identify, correct, and prevent consumer harm
