CUNA How to Build Your Own Compliance Management System: Spring

CUNA How to Build Your Own Compliance Management System: Spring
Date:
04/22/2018
Time:
9:00 A.M. - 4:00 P.M. CT
Location:
Westin New Orleans Canal Place
100 Rue Iberville New Orleans LA 70130-1106
Product Code:
RCW2LA18
  • $395.00
    CUNA Member Price
  • Non Member Price $790.00
  • Learn how to become a member here: cuna.org/join

 
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A Compliance Management System is how a credit union manages the entire consumer compliance process.  It establishes the credit union’s compliance responsibilities, communicates those responsibilities to employees, ensures that responsibilities for meeting legal requirements and internal policies are incorporated into business processes, reviews operations to ensure responsibilities are carried out and legal requirements are met and provides for processes to take corrective action and updates for tools, systems, and materials as necessary.  In addition to the regulatory requirement, implementing a CMS can help all credit unions adequately manage their compliance responsibilities.

Join this workshop to learn the requirements of a good CMS and how to build one that is customized for your credit union. 

This session will include:

  • Tips on writing procedures, including formatting
  • Required policies and how to determine whether they are being followed
  • Recommended reports to the Board and Board responsibilities
  • Determining compliance risk and how to mitigate it
  • Selection, review and delivery of training
  •  Developing and implementing new products
  • Monitoring and testing of compliance activities
  • Follow-up for corrective actions
  • How to use complaints to adjust business practices
  • Where automated tools fit in
  • Recommended compliance audits
  • Suggested contents of the Compliance Program (yes, it’s different than the CMS)
  • Putting it all together

Please visit the CUNA Regulatory Compliance Certification School website for additional information.

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