Compliance Program Management

For a comprehensive overview of our Compliance Administration Program, please visit our details and specifications page here...

Will your bank's current compliance program withstand today's intense regulatory scrutiny and changing priorities?

There can be no doubt. In 2009 regulators are expecting banks to be assessing risk and taking appropriate steps to mitigate those risks, whether they come in the form of mortgage lending, consumer fees, or overall trade practices. Take our high-level self-assessment to help you understand how well your compliance program might manage and/or reduce compliance risk-at your bank. Use this snapshot to aid you in determining if you just might have room for improvement in the current environment where the emphasis is on consumer protection.

   
  Compliance Management Program
 
  • Do you have a written Board approved Compliance Management Program?
 
  • Do you have comprehensive written policies and procedures for each area of compliance management at your bank?
 
  • Has the Compliance Management Program been updated in the past 2 years?
 
  • Is someone at your bank maintaining current copies of applicable federal laws, regulations, and interpretations?
 
  • Does someone at your institution maintain proficient knowledge of applicable laws, regulations, and interpretations?
 
  • Has someone assisted senior managers and the board of directors in assessing the bank's overall risk for compliance violations and implemented a risk-based program commensurate with that risk?
 
  • Has the bank avoided prior regulatory reviews that contain comments that required the bank to update, formalize or review its compliance management program?
  Compliance Program Components
 
  • Is the Compliance Program reviewed annually?
 
  • Are compliance policies and procedures updated and reviewed annually?
 
  • Do you monitor for compliance using a risked-based schedule that is based on the results of its Compliance Risk Assessment?
 
  • Do you coordinate compliance content, and policy and procedure training in a centralized manner?
 
  • Is there a documented ongoing compliance management program that evidences the bank's monitoring, training and responses to regulatory issues?
  Specific Content Areas
 
  • Has the bank avoided any repeat findings in the last 2 compliance exams?
 
  • Does the board or audit committee receive regular reports on the bank's compliance program updates, compliance audit and monitoring updates and examination findings?
 
  • Does the Bank have a clear method for documenting, handling and responding to consumer complaints?
 
  Total Score Scoring assumes that each question has been answered.
0-15 Points:
Low Risk		 SCS would like to assist your program with its continued success. We can supplement your existing resources to help lower costs. Let us assist you to continue to refine your program based on Best Practices.
16-30 Points:
Moderate Risk		 SCS can help identify the gaps in your compliance program and recommend methods to address them based on the risks faced by your bank. We can supplement your existing program, or become a part of its administration, and result in cost-savings annually. Let us assist you with taking steps to quantify and address potential deficiencies in your program before your next exam.
31-45 Points:
High Risk		 SCS consumer compliance specialists are ready to provide the expertise and experience to manage your compliance program. We can perform a risk assessment, update your compliance program, implement it, and administer it. Let our Compliance Administration Program (CAP) be a sure method to lower both risk and costs at the same time at your Bank.

Regardless of your score, using the SCS CAP program is an effective way to reduce your bank's compliance costs.

Let us be your trusted advisor for Compliance Program Management

Call us at 1.800.477.1772 to speak with our compliance specialist about your current program.

For a complete run-down of our Compliance Administration Program, please see our details and specifications page here...