Board Oversight: Compliance Management
Course Number: ABA
Course Code: ABA
Explores a bank board?s key responsibility for oversight of a bank?s compliance risk management program. This includes establishing and communicating a bank?s appetite for compliance risk, providing resources and support to effectively implement the compliance program, and reviewing the outcomes of the program and responding to elevated risk issues.
Duration: Approximately 4 minutes
Created: September 2018
What You’ll Learn
After successfully completing the course, you will be able to:
?-Explain the compliance risk management responsibilities assigned to the compliance officer
-Explain the compliance management oversight responsibilities assigned to the board of directors
-Explore the board’s ongoing risk monitoring process to keep up with changing bank activities
Audience: For members of a bank's board of directors.