The One Conference

Regulatory Compliance – Assigning Responsibility

Presenter: Brian Crow, Managing Partner & Co-President, TCA^®

The volume of compliance regulations for which your financial institution is responsible continues to expand. Ten years after the passage of the Dodd-Frank Act, the CFPB is still writing regulations to implement that Act. The compliance officer is ultimately responsible for providing oversight of the institution’s compliance function, but compliance is not solely that individual’s responsibility. In order to have a successful compliance management system, compliance must be the responsibility of all employees within the organization, starting with the board of directors who establish a culture of compliance to front-line staff that carries out day-to-day functions. In this session, we explore the responsibilities for staff, management, departments heads, compliance department, and audit to help you evaluate the compliance structure within your organization.

Learning Objectives:

1. Understand the components of a compliance management system and the role that each employee plays.
2. Explore responsibilities of three lines of defense for compliance monitoring and audit
3. Evaluate case studies to understand what areas of compliance management broke down.