New - Exam Management - The Interagency Ratings Structure and Good Exam Preparation - 2024
Presented by
Rebekah Leonard, CRCM
This 2 hour webinar was recorded on September 17, 2024.
Managing a compliance exam is a nerve-wracking experience, no matter the size of your institution or your supervisory agency. Examiners are coming to evaluate your compliance performance, and preparing for their arrival (and how to deal with them on-site) is no small feat.
Fact is, you should *always* be preparing for your next exam. Every compliance review you write, compliance committee meeting you attend, and compliance opinion you give should be prepared with the next exam in mind. If you have a constant mindset of what examiner expectations will be and what they will be looking for, you will be in great shape to simply tweak things here and there for the next “hot issue” you hear about them looking at.
The FFIEC maintains a Uniform Interagency Consumer Compliance Rating System and exam process, which is a helpful playbook to anticipate their next move. Are you well versed in it? How about your supervisor’s exam manual? You can manage your next exam to be far more successful by studying the test ahead of time! Benjamin Franklin famously taught that people don’t plan to fail, they only fail to plan. So let’s develop a plan to have your most successful exam yet!
Rebekah Leonard is the current Director of Compliance for a $6 Billion bank that recently went through an FDIC Compliance Exam. In her words, “It was incredibly intense!”. This was Rebekah’s 7th compliance exam, so she has the experience and wisdom to share in how to make an exam be the best it can be. Rebekah will go over the risk-based exam process, including:
She’ll also address the crucial importance of Third Party relationship oversight for exams, what things are weighted more heavily in an exam, good exam management techniques, and her recent lessons learned.
Rebekah Leonard, CRCM
Watch Playback
Printable Slides
FFIEC CC Rating System FR Notice
FDIC Exam Manual - Evaluating Impact of Consumer Harm