I had established a Compliance Council. It had members from functional areas, Lending, Operations, IT, Training, Audit who were SVPs and below. We had EVPs and above as ex officio members. The Compliance Officer chaired the meetings and made the reports. As I presented quarterly to the Director's Audit Cmte, the Council also received the report. Originally the Council was to meet quarterly, but that was sometimes meeting to meet. That is, there wasn't enough "meat" to justify getting everyone together. So I started doing detailed reports and had questions referred to me. During implementation of new products or laws (CIP as an example) we were meeting more often and we brought in additional staff.
The Council is designed to oversee compliance and assist the Compliance Officer.
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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