Board Oversight: Compliance Control Activities
Course Number: ABA
Course Code: ABA
Free for ABA Members
Explores a bank board’s key responsibility for oversight of the risk management process by ensuring risk management policies and procedures are consistent with the institution’s strategy and risk appetite. This includes setting and maintaining a bank’s risk tolerance and ensuring that a bank’s senior executives and risk managers have established compliance control activities, including prevention and detection.
What You’ll Learn
After successfully completing the course, you will be able to:
- Describe the importance of a compliance function that proactively identifies the risks associated with a bank’s business activities
- Define prevention and detection activities that ensure compliance directives are carried out
- Explain the components of a risk-based monitoring program
Audience: For members of a bank's board of directors.