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Course description

The "How-to's" with step-by-step examples

Risk assessment…Can you go a week, or even a day, without hearing that phrase? As the compliance officer, you are required to have a risk assessment for AML, Remote Deposit Capture, ACH processing, OFAC, Identity Theft Red Flags, CIP … the list goes on ad nauseam. Now, add to the list attempting to navigate the new CFPB regulations. Which ones apply to your financial institution and which ones can you safely ignore? With all of this, perhaps you should do a risk assessment before deciding whether or not to go to work today!



A healthy compliance management program is based on establishing a comprehensive program of risk controls and reviews. To attain this lofty goal, you must start with a foundation based on identified risks. An effective compliance management program is one which recognizes, controls, and monitors compliance, reputation, and transaction risks.

This session is designed to assist you in development of a customized risk assessment for use in your financial institution's compliance program. We will cover the following steps:

  • IDENTIFY - Where to locate those areas you should be measuring.
  • CONTROL - How to reduce the identified and associated risks.
  • MEASURE - How much is "high"? What can be categorized as "low"?
  • PRIORITIZE - Which and what level of resources (time, personnel, assets, training, etc.) should be devoted to which risks.
  • MONITOR - Keeping an eye out for changes and/or problems

Who should attend? This session is designed for:

  • New compliance officers who need a jump start;
  • Experienced compliance officers who want to ensure their compliance programs are sound and effective;
  • Compliance auditors who need to develop risk-based compliance audits


Instructor(s)

Partner, Cashman Compliance Solutions, LLC

Patricia Cashman

Patricia Cashman is a partner in Cashman Compliance Solutions, LLC. She is responsible for consumer compliance reviews, Bank Secrecy Act (BSA) and Anti-Money Laundering reviews, and compliance and BSA training. Patricia began her banking career in 1969. She has been the senior operations officer for three Dallas-Ft. Worth area community banks, an assistant examiner for the Texas Department of Banking and managed the compliance/internal audit division of TIB - The Independent BankersBank, one of the largest bankers' banks in the country. Additionally, Patricia has spoken as a webcast/teleconference presenter for the American Bankers Association (ABA), BankersOnline (BOL) and the Center for Financial Training (CFT), taught a variety of compliance subjects for the Texas Bankers Association (TBA) and ABA at their respective Compliance Schools. She also serves as a BOL GURU and been a speaker/trainer for numerous banks and compliance organizations.

Course curriculum

  • 1

    Video

    • Compliance Management Risk Assessment: Same Tune, Different Lyrics

  • 2

    Materials

    • Slides

    • Sample Risk Matrices

    • Questions and Answers