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

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
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

$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
Joined: Dec 2002
Posts: 40,762
Turnpike Exit 10
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
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...
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
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
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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