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#56723 - 01/24/03 06:26 PM HR: Audit/Compliance Structure
Anonymous
Unregistered

I would like to get some information on how other banks have staffed their audit and compliance departments. Please tell me the following:
Bank Asset Size:
# of Audit Staff
# of Compliance Staff
Reporting Structure
Also, if CRA, BSA, and Security duties are included in staff above.

Thanks for your time!
Last edited by mbguard; 01/24/03 08:30 PM.
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General Discussion
#56724 - 01/24/03 08:25 PM Re: Audit/Compliance Structure
GenerousLife Offline
Diamond Poster
Joined: Feb 2002
Posts: 1,466
USA
OCC regulated
$370+ million asset
Audit staff = 2
Compliance staff = 1 (+ CRA, Disaster Recovery)
Six locations in one state
_________________________
"No problem can withstand the assault of sustained thinking." ~ Voltaire
"Sustained thinking gives me a headache." ~Me

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#56725 - 01/24/03 10:17 PM Re: HR: Audit/Compliance Structure
Pale Rider Offline
10K Club
Pale Rider
Joined: Aug 2002
Posts: 34,318
under the Lone Star
Hey, I already responded today at the Regulatory Risk Monitor chat group. You sure are covering all the bases.
_________________________
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.


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#56726 - 01/27/03 02:22 PM Re: HR: Audit/Compliance Structure
Anonymous
Unregistered

$670+ million federally-chartered CU
audit staff = 1.5
compliance staff = 1 (does not include BSA, Security at the moment as this is a newly created position)
7 offices within one county

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#56727 - 01/27/03 02:30 PM Re: HR: Audit/Compliance Structure
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,762
Turnpike Exit 10
Hi,
I believed I also received your email from RRM this morning,
but here goes:
1.4 Billion bank
2 IA's
1 Compliance Officer
Security Officer - BSA, OFAC
CLO - CRA
and a partridge in a pear tree!

Oh, and 18 branches from Northern Jersey to South Jersey
Last edited by Maria KFSB; 01/27/03 03:05 PM.
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain

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#56728 - 01/27/03 02:31 PM Re: HR: Audit/Compliance Structure
Patsy Cline Offline
Diamond Poster
Patsy Cline
Joined: Sep 2002
Posts: 1,117
On the road...
OCC
247 million
Compliance Officer = Department of 1
Chief Auditor = Department of 1 (outsource audit functions)
CRA Officer = Senior Lender
Security Officer/BSA Officer = HR Manager

Compliance Officer reports to the Audit Committee
Auditor reports to the Audit Committee and BOD.

_________________________
Michelle CRCM

"What would you attempt to do if you knew you could not fail?" ~ unknown


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#56729 - 01/28/03 02:01 PM Re: HR: Audit/Compliance Structure
RVFlyboy Offline
Power Poster
RVFlyboy
Joined: Oct 2000
Posts: 5,976
Soaring over Georgia
Holding Company is $7 Billion regulated by FRB
Two subsidiary banks, each regulated by FDIC
Bank 1 - $5.3 Billion (SC & NC)
Bank 2 - $1.7 Billion (FL)
Compliance and Audit centralized at holding co.
Audit staff: 1 Audit Director + 7 Staff
Compliance staff: 1 Compliance Director + 5 Staff + 1 Admin

Compliance does also include CRA
BSA Officer is in Deposit Operations
Security is separately staffed with chief security officer and 4 staff

Compliance, Audit and Security all report administratively to Corporate Risk Manager who reports to CFO. Audit and Corporate Risk Manager also report to Audit Committee
_________________________
Jim Bedsole, CRCM, CBA, CFSA, CAFP
My posts - my opinions

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#56730 - 01/28/03 04:29 PM Re: HR: Audit/Compliance Structure
Walleye Woman Offline
Platinum Poster
Walleye Woman
Joined: Jul 2002
Posts: 832
OTS regulated
150MM
1 Internal Auditor/Compliance Officer
As Internal Auditor I report directly to the Audit Committee. As Compliance Officer I report to the President and the Board of Directors.
I am also responsible for CRA but we have separate BSA and Security Officers.
_________________________
Marilyn, CRCM

I'd rather be fishing.


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