|
CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
WHAT?
Prior to 2011, there was no mention of the adequacy or deficiency of a BSA
Model Validation in any examination report, audit report or enforcement
action. That year, the OCC and Federal Reserve issued guidance called
"Supervisory Guidance on Model Risk Management," and it has
become ear-splittingly clear over the last five years that all banks,
regardless of size or regulator, which use an automated transaction
monitoring system, are expected to undergo an independent, periodic
validation of their monitoring system to ensure it's not "garbage in,
garbage out."
Banks
now turn this validation task over to third parties without fully
understanding what is expected by regulators and auditors, or how to
properly scope and oversee the validation process.
WHY?
Your bank needs to show your auditors and regulatory agencies that your
transaction monitoring software accurately and comprehensively aggregates
and monitors transactions of your customers, and performs as intended in
detecting suspicious activity, as well as adequately risk rating, both at
account opening and on an ongoing basis, the risks associated with the
customer relationship and also at the account level.
There
were numerous BSA enforcement actions in 2016, and a common theme was the
deficiencies, or omissions, concerning banks' model validation processes
and the knowledge base of those responsible for overseeing such systems.
Most
Compliance and BSA personnel deal with laws and regulations, rather than
algorithms and quantitative analysis, and struggle with the concept of how
to properly ensure the model is producing intended results – and whether to
file a SAR or not.
This
webinar will provide a level of knowledge that key bank personnel can use
to oversee the validation process and ensure your bank meets regulatory and
audit expectations.
Covered
Topics:
- Data validation vs model validation and how they
interact
- Accuracy in risk rating/ranking of relationships
and accounts
- Validation engagement letter, scope, work-papers
and final report
- Independence considerations for in house model
validations
- Background and experience of internal or external
personnel conducting validation
- Ensuring that data collected and loaded into the
monitoring software is accurate and comprehensive
- Core, host and other systems that feed into the
data stream
- Corrective action follow-up to any identified
deficiencies or gaps
- Model data input, processing and reporting
methodology and expectations
- Impact upon SARs, CTRs, CDD and EDD
- System utilization for initial Customer Risk
Profile and ongoing monitoring; and
- Differences in Rules Based vs Behavior Based
parameters and efficiencies.
Who
Should Attend?:
Compliance,
Deposit Operations, Branch Administration or other departments that are
responsible for reviewing alerts generated by a bank's transaction monitoring
system. Attendees also include BSA Officers, auditors and members of
management with BSA oversight responsibilities. Please forward email to appropriate
person(s).
Instructors:
Jack
Holzknecht
is the CEO of Compliance Resource, LLC. He has been delivering the word on
lending compliance for 39 years. In 34 years as a trainer over 125,000
bankers (and many examiners) have participated in Jack's live seminars and
webinars. Jack's career began in 1976 as a federal bank examiner. He later
headed the product and education divisions of a regional consulting
company. There he developed loan and deposit form systems and software. He
also developed and presented training programs to bankers in 43 states.
Jack has been an instructor at compliance schools presented by a number of
state bankers associations. As a contractor he developed and delivered
compliance training for the FDIC for ten years. He is a Certified
Regulatory Compliance Manager and a member of the National Speakers
Association.
Kelly
Owsley,
CRCM is Director of Training Services for Compliance Resource, LLC. Kelly's
career in banking began in 2000. Since then she has worked for financial
institutions ranging in asset size from $250 million to $3 billion. Kelly
has worked in numerous areas of the financial services industry including
retail branch management, lending, product development and training. In
addition, Kelly spent three years in a training and development role with
CUNA Mutual Group servicing the largest credit union in the United States.
Most recently, she served as the Vice President of Compliance, BSA Officer,
and CRA Officer for a community bank in Kentucky where she was responsible
for implementing and training all compliance related topics. Kelly holds a
Bachelor of Science degree in Accounting from the University of Kentucky
and is a Certified Regulatory Compliance Manager.
What
Is A Webinar?:
A
webinar combines the clarity of an audio teleconference with the
interactivity and visual presentation of the internet. All you need to participate
is a telephone and an internet connection. Even if you don't have an
internet connection, you can still participate in the audio session.
Listening to the program over the telephone and following the written
materials is an effective alternative!
Unable
To Attend?:
No
problem. You can purchase a recording of the webinar for future use. You
can choose from either an On-Demand Web Link (Good for 6 months from the
webinar date, unlimited use) or a CD-ROM (includes a paper copy of the
PowerPoint slides).
Viewing
Options (all options include applicable handouts):
All
options include applicable handouts. You can choose to pay by credit card
or be billed. Additional Live Webinar connections are $75 each.
Option 1: Live
Webinar and 7 Days OnDemand Video Playback - $265
Option 2:
OnDemand Video (six months access) - $295
Option 3: Live
and 6 Months of OnDemand Video - $365
Option 4: CD-ROM Video
(Includes OnDemand Video) - $345
Option 5: Entire
Package (all of the above) - $395
Powered by Total Training Solutions!
|