Curious how other banks have this set up.
Current bank is 400M and rapidly growing, The Compliance and Risk Management Officer is the Compliance Officer, BSA Officer, CRA Officer, SAFE Act Officer, Customer Complaint Officer - essentially everything except the Security Officer. The CRMO is also responsible for conducting all internal and compliance audits as well as the monthly, quarterly, semi annual and annual monitoring and risk assessments and the daily functions of CTR filings, SAR filings, credit reporting disputes, subpoenas, etc. There is no one else covering the daily functions. External audit comes in for BSA every 18 months.
What is your bank size and how are these responsibilities covered at your institutions? We are having some growing pains and I'm looking for information to help develop a plan going forward. Thanks for your input!