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DTSTART;TZID=America/New_York:20221109T130000
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DTSTAMP:20260408T050257
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UID:1657-1667998800-1668007800@www.tcaregs.com
SUMMARY:Anti-Money Laundering Model Risk Management
DESCRIPTION:The 2020 AML Act encourages financial institutions to explore innovative solutions for suspicious activity monitoring. Many institutions either are already or are considering automated solutions to aid in this process. However\, in spite of what a salesperson may tell you\, these systems are not “plug and play.” Guidance from regulators make it clear that financial institutions are expected to evaluate monitoring parameters\, risk rating methodologies\, and OFAC filtering models to ensure that they are calibrated based on your unique risk profile. Recently\, a community bank was fined $8 million for missing suspicious activity in part due to misuse of its automated system. In this session we will cover the requirements of developing and maintaining a suspicious activity monitoring model. \nAs financial crimes grow in complexity\, the systems needed to monitor\, identify\, and report suspicious activity must keep pace. The key to a compliance BSA Program is developing adequate policies\, procedures\, and processes for model risk management\, periodic testing of the system to ensure that data feeds are working\, and evaluation of the model’s performance to ensure outcomes are generated as expected. \nWhen considering which vendor to utilize\, financial institutions should carefully evaluate the system’s capabilities and compare those to the institution’s needs. System limitations may necessitate that some customers and transactions are still monitored manually or require separate monitoring systems/ The process for selecting the right vendor for your institution is just as important as managing the software once it is implemented. \nThe most common frustration with model risk management is the volume of alerts systems can generate. Proper evaluation and calibration of parameters is necessary to ensure that you are not missing suspicious activity because the model is too narrowly defined\, but also that you mitigate the risk of missing suspicious activity because the model is so broad that you cannot keep up with the volume of false alerts. \nIn this two-hour session\, Brian will cover: \n\nModel Development\nModel Governance\nModel Risk Assessment\nPreparing a gap analysis\nData Integrity Analysis\nParameter testing\nModel Validation\n\nWritten materials will be provided for the listener to refer to during the presentation. \nWHO SHOULD ATTEND: \nBSA Officer\, BSA Analysts\, BSA Auditors
URL:https://www.tcaregs.com/event/anti-money-laundering-model-risk-management/
LOCATION:Virtual
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DTSTART;TZID=America/New_York:20221117T073000
DTEND;TZID=America/New_York:20221117T163000
DTSTAMP:20260408T050257
CREATED:20221031T120523Z
LAST-MODIFIED:20221031T120523Z
UID:1667-1668670200-1668702600@www.tcaregs.com
SUMMARY:Chicagoland Compliance Annual Conference - 2022
DESCRIPTION:ANNUAL CONFERENCE\n\nNOVEMBER 17 @ 7:30 AM – 4:30 PM CST\n\n\n\nCost:\nMembers: $165\nNon-members: $265\nBreakfast and lunch are included. Please indicate any dietary restrictions on your Registration. \nAn opportunity to have a day away from the office to recharge your batteries and network with fellow compliance professionals. Hear knowledgeable presenters speak on a variety of compliance-related topics and network with vendors and not for profit agencies in our vendor area. \nPlease send any questions you have for our speakers\, in advance to: Speaker Questions. \nSpeakers & Topics :\n  \n\nCMS Best Practices\, Common Audit Findings & New Areas of Risk\n\nBrian Crow\, Managing Partner & Co-President\, TCA\n\n\n\n\n\nFlood and New Interagency FAQs\n\nSara McGinnis\, Director\, CrossCheck Compliance\n\n\n\n\n\nFair Credit Reporting Act Hot Topics\n\nLisa DeLessio\, Partner\, Hudson Cook LLP\n\n\n\n\n\nLunch – Climate Change\n\nTim Joyce\, Meteorologist\, WGN-TV\n\n\n\n\n\nAdd-on Products/Services and Junk Fees\n\nKathy Enbom\, Principal\, Wipfli LLP\n\n\n\n\n\nRegulatory Update and Enforcement Actions\n\nMarc Franson\, Partner\, Chapman and Cutler LLP\n\n\n\n\n\nThird Party Risk\n\nJill Czerwinski\, Principal\, Crowe LLP\n\n\n\n\nRegistration and Breakfast begins at 7:30 am\nSession runs from 8:30 am to 4:30 pm \nAttendees are advised to arrive before 8:00 am \n\nLast day of registration is end of business on November 11\, 2022. \nAs a reminder\, CCA no longer accepts cash or checks as payment for meetings or membership dues. Payment is only accepted in advance by debit or credit card via our website. Registration for meetings or membership will not be considered complete without prepayment. CCA is no longer able to invoice for events and entry will be denied if payment has not been received. Payment can be made in advance using a debit or credit card via CCAs PayPal page. Failure to pay in advance may result in removal of registration for the event. \nVendor booth opportunities are still available. Please contact Robin Guthridge for more information. \nSpeakers and Topics may be subject to change. \nThis session has been approved for 5.5 CRCM credits. \nThis session is not to be recorded electronically without written permission from the Chicagoland Compliance Association and all speakers. materials and opinions shared from the speakers are not necessarily those of the organization they represent and therefore\, unless otherwise indicated\, should be assumed personal and not indicative of any implied liability or accountability back to the respective organization. \nReservation cancellations received by the CCA after the registration deadline of November 11\, 2022 will not receive a refund.  \nBy registering for the event\, the registrant agrees to adhere to Drury Lane and/or City of Oakbrook Terrace COVID requirements at the time of the event. \nIf after registering you do not see the “Thank You” page or you do not receive a confirmation email within two days\, then your registration has not been received. Please email the CCA. \nIf you are unsure if your institution is a CCA member\, please check here first. There will be no refunds in the event of an overpayment.  \nClick here to register.
URL:https://www.tcaregs.com/event/chicagoland-compliance-annual-conference-2022/
LOCATION:Drury Lane Theatre\, 100 Drury Ln\, Oakbrook Terrace\, IL\, 60181\, United States
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ORGANIZER;CN="Chicagoland Compliance Association":MAILTO:ccai@chicagolandcompliance.org <ccai@chicagolandcompliance.org
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