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
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
Note: Free for ABA members
Audience: For members of a bank's board of directors.