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#117666 - 09/25/03 07:42 PM Compliance Officer Position
Calmeida Offline
New Poster
Joined: Sep 2003
Posts: 7


I just assumed the Compliance Officer position for my bank.
Where should I get started to get the best training possible? (literature, seminars, etc) Whatever helps!!!!

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Operations Compliance
#117667 - 09/25/03 07:57 PM Re: Compliance Officer Position
Anonymous
Unregistered

I just took over my Compliance officer position also. I started reading regulations in my spare time. I vist BOL frequetly to keep up with up coming events. Also a place to start on your compliance program would be to look at old Audits to see where your organization is doing poorly. Then focus on those issues. Luckily I am receiving help from my companies Mortgage Compliance officer.

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#117668 - 09/25/03 08:05 PM Re: Compliance Officer Position
Anonymous
Unregistered

Register for the ABA National Compliance School at the University of Oklahoma, Norman, OK. This year it's being held October 24-30. I guarantee you will learn!

You can get more information at www.aba.com.

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#117669 - 09/25/03 08:18 PM Re: Compliance Officer Position
William Offline
Gold Star
William
Joined: Oct 2000
Posts: 470
In a location
Download or purchase a copy of BOB will help you get started.
_________________________
Comments are mine and not those of my employer.

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#117670 - 09/25/03 08:56 PM Re: Compliance Officer Position
SJB Offline
Diamond Poster
SJB
Joined: Jun 2002
Posts: 1,210
California
Welcome to BOL. Where are you located?
_________________________
My opinions are not legal advice and are worth what you paid for them.

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#117671 - 09/25/03 09:08 PM Re: Compliance Officer Position
Anonymous
Unregistered

I found Kirchman to be a very valuable resourse if you use it correctly, it is only a summary of the regulation I would not quote them when trying to get a point across. use them to get familiar with what the regulation is trying to do then refer to the reg. for your quotes.

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#117672 - 09/26/03 12:46 PM Re: Compliance Officer Position
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,759
Turnpike Exit 10
Also, go to your regulator's website. They have plenty of good stuff for you.
OTS
FDIC
OCC
And some other favorites of mine:
Compliance Headquarters
BankersCompliance Consulting
MoneyPage
FinCen
IRS Treasury
AuditNet
CFRs online (Fed Regs)
UCC
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain

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#117673 - 09/26/03 01:19 PM Re: Compliance Officer Position
Calmeida Offline
New Poster
Joined: Sep 2003
Posts: 7
Hi Steve:

We're located in New Jersey.

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#117674 - 09/26/03 08:43 PM Re: Compliance Officer Position
PABanker Offline
Gold Star
PABanker
Joined: Dec 2000
Posts: 491
Blue Ball, PA 17506
Just a suggestion...get to known your fellow compliance officers from other banks in your bank's area. I have found this type of network very helpful as we all have similiar compliance issues.

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#117675 - 09/29/03 04:21 AM Re: Compliance Officer Position
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,325
On the Net
The ABA.com site is down as I write this. But look at that site for a brochure on the Compliance Professional Development Track. I helped write the first version and a new one is or will be replacing it soon. It is a bigger picture than your immediate needs, but you should start planning now if you want to make the most of this career.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#117676 - 09/29/03 04:40 PM Re: Compliance Officer Position
Angel Eyes Offline
Power Poster
Angel Eyes
Joined: May 2001
Posts: 4,599
don't forget about your state banking association...they are very valuable and usually offer many educational opportunities

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#117677 - 10/02/03 04:45 PM Re: Compliance Officer Position
K8T Offline
100 Club
K8T
Joined: Sep 2003
Posts: 196
I have fallen down the rabbit ...
I am new to Compliance as well. Do you like to read? Kirchmans is the best to start, but actually reading the regulations is a must. I agree with many of the suggestions, knowing your local CO's is the key, many will swap ideas and even policies. Get your hands on as many software programs as you can, many allow you to demo for 30 days. www.alexinformation.com is one of them.
_________________________
Some days, it is all a mystery to me.

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#117678 - 10/02/03 05:22 PM Re: Compliance Officer Position
E.E.G.B Offline
Power Poster
E.E.G.B
Joined: Jul 2002
Posts: 6,726
the sandy shore
To KS' statement I would add - read not only the regs but also the footnotes and the interpretations/staff commentary. A lot of times, things that you have questions on will be addressed in those areas.

And get to know your primary regulator - a lot of times, they can be helpful (no, really!) if you have questions or just want to bounce something off them.
_________________________
I disbelieved what he was saying so hard, I probably created an alternate universe where it wasn't true.

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#117679 - 10/02/03 05:28 PM Re: Compliance Officer Position
GreatBlue Offline
Diamond Poster
GreatBlue
Joined: Feb 2003
Posts: 2,362
Colorado
And this Guide to Bank Compliance Research which Mary Beth created is a must read for learning how to read the regulations, commentary, etc.
_________________________
Opinions are mine and not necessarily my employer's.

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#117680 - 10/02/03 05:29 PM Re: Compliance Officer Position
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,759
Turnpike Exit 10
Quote:

And get to know your primary regulator - a lot of times, they can be helpful (no, really!) if you have questions or just want to bounce something off them.




Ditto, I have made a good friend in one of our regulators (OTS). She is awesome and always either finds an answer or refers me to someone who can.
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain

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#117681 - 10/29/03 06:11 PM Re: Compliance Officer Position
Anonymous
Unregistered

Sheshunoff recently launched their new online Regulatory Compliance program:
http://learning.sheshunoff.com/files/compliance.htm


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#117682 - 10/29/03 07:21 PM Re: Compliance Officer Position
Anonymous
Unregistered

Don't forget the Federal Reserve
www.federalreserve.gov

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#117683 - 10/29/03 07:23 PM Re: Compliance Officer Position
P*Q Offline

Power Poster
P*Q
Joined: May 2001
Posts: 8,433
Somewhere
When I started in compliance, I found attending my state banker's association compliance seminars quite helpful. I also attended the ACB Regulatory Compliance School early on and I learned a lot there as well. The biggest help was a group of compliance officers that meet every other month and network to discuss compliance issues. You should see if there are any in your state.

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