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#754099 - 06/15/07 04:33 PM Your help could get me another FTE!
Wyogirl Offline
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Wyogirl
Joined: Nov 2001
Posts: 713
Laramie, WY. USA
Good Friday Morning,

We are gathering information to make a proposal for another Compliance/Audit FTE. I'm looking for small bank comparisons, asset size under 1 bill.

My specific questions are:
1. What is your asset size?
2. How many branches do you have?
3. How many FTEs do you currently have dedicated to compliance and audit?
4. Is this number sufficient?

Thanks a ton! Have a good weekend,

Deb

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General Discussion
#754117 - 06/15/07 04:47 PM Re: Your help could get me another FTE! Wyogirl
Ms Auditor Offline
100 Club
Joined: Oct 2001
Posts: 148
Upstate NY
1. $270 million
2. 11 offices
3. 2 FTEs 1 Compliance/1 Audit
4. Yes

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#754132 - 06/15/07 04:57 PM Re: Your help could get me another FTE! Wyogirl
Sinatra Fan Offline
Power Poster
Sinatra Fan
Joined: Jul 2002
Posts: 5,568
New Jersey
1. $800 million
2. 10 branches
3. 0 (compliance shared by senior mgmt; use outside audit firms)
4. probably not
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#754164 - 06/15/07 05:25 PM Re: Your help could get me another FTE! Sinatra Fan
MN Banker Offline
Platinum Poster
Joined: Aug 2006
Posts: 980
1. $200 million
2. 2 branches
3. 1 FTE compliance & audit, 1 BSA Officer (who also has several other responsibilities)
4. No

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#754165 - 06/15/07 05:26 PM Re: Your help could get me another FTE! Wyogirl
mck401 Offline
Diamond Poster
Joined: May 2006
Posts: 1,168
Texas
1. $100 million
2. 4 branches
3. 1 Compliance Office/ 1 External Consultant
4. Not even close (if you want it done right)
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Work less, play more.....why not????

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#754225 - 06/15/07 06:05 PM Re: Your help could get me another FTE! mck401
Wyogirl Offline
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Wyogirl
Joined: Nov 2001
Posts: 713
Laramie, WY. USA
Man, you guys are awesome. Thanks for the numbers, feel free to keep them coming.

Deb

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#754263 - 06/15/07 06:23 PM Re: Your help could get me another FTE! Wyogirl
Bullseye Offline
Platinum Poster
Bullseye
Joined: Jan 2004
Posts: 968
1) $500 million

2) 8 branches

3) 3 FTE's (covers Compliance, Internal Audit, BSA, CRA, Privacy)

4) Yes

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#754351 - 06/15/07 07:23 PM Re: Your help could get me another FTE! Bullseye
CSB98 Offline
Diamond Poster
Joined: Dec 2003
Posts: 1,236
Wisconsin
1) $140 million

2) 2 branches

3) 1 FTE (compliance and internal audit)

4) No -- could use an additional person

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#754387 - 06/15/07 07:51 PM Re: Your help could get me another FTE! CSB98
KLouise Offline
100 Club
Joined: Dec 2005
Posts: 103
Missouri
1) $75 million
2) 5 branches
3) None (also loan officers)
4) NO WAY!

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#754535 - 06/15/07 08:55 PM Re: Your help could get me another FTE! Wyogirl
bevo Offline
New Poster
Joined: Mar 2007
Posts: 15
2 FTE's $100MM, one branch, but we have issues. Say hey to Rick.

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#754562 - 06/15/07 09:15 PM Re: Your help could get me another FTE! bevo
YosemiteSamIAm Offline
Power Poster
Joined: Jan 2004
Posts: 2,795
Guess
O.K., I know you wanted under a billion, but the numbers being posted are really opening my eyes!

7 billion, 35 branches.

1 Compliance Officer (me), no assistant; 1 BSA Officer

And before you ask, no, it is not working out...
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Sorry, did I just use my outside voice?

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#754578 - 06/15/07 09:28 PM Re: Your help could get me another FTE! CSB98
MadisonCali Offline
Power Poster
Joined: Jun 2006
Posts: 2,515
Originally Posted By: CSB1
1) $140 million

2) 2 branches

3) 1 FTE (compliance and internal audit)

4) No -- could use an additional person


Ditto, except for there is also a separate designated BSA Officer (although the Compliance Officer does most of those activities anyways...)
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The beatings will continue until morale improves...

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#754579 - 06/15/07 09:28 PM Re: Your help could get me another FTE! bevo
Wyogirl Offline
Platinum Poster
Wyogirl
Joined: Nov 2001
Posts: 713
Laramie, WY. USA
I will! I'm doing this for him, obviously I guess, if you know Rick and all. Someday maybe he'll learn how to do this himself!

I just have to thank everyone for taking time out of their day to help out, it is greatly appreciated.

Time to go hit the river! Have a great weekend!

Deb

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#754582 - 06/15/07 09:30 PM Re: Your help could get me another FTE! YosemiteSamIAm
MaryRink Offline
Gold Star
Joined: Jul 2003
Posts: 306
Northern MN
1. 150Million

2. 1 branch

3. 1 FTE Compliance(me, a CRCM) / 1 FTE Auditor

4. It works for us.

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#754769 - 06/18/07 02:30 AM Re: Your help could get me another FTE! MaryRink
#Just Jay Offline
10K Club
#Just Jay
Joined: Oct 2006
Posts: 14,389
Cheeseheadland
600 Million

12 Branches

4 FTE

Not sure.
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I don't repeat gossip, so listen closely...

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#755262 - 06/18/07 07:52 PM Re: Your help could get me another FTE! Wyogirl
RebekahL CRCM Offline
Platinum Poster
RebekahL CRCM
Joined: Feb 2003
Posts: 776
Big Sky Country
1) 475 MM
2) 8
3) 4: 1 Compliance Officer (me), 1 BSA/Security Officer, 1 Auditor, 1 Asst Auditor
4) Yes! (It was a hard won fight to get to this level of staffing....)
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Me, Type A? Maybe - I'm not done analyzing it yet.

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#755295 - 06/18/07 08:09 PM Re: Your help could get me another FTE! RebekahL CRCM
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,644
The Swamp
Another in the over 1B crowd here, but just for futher reference:

1) 1+B
2) 20 branches and 3/4 LPO's and growing
3) 1 Compliance Officer (me) 1 HMDA/CRA (Becca) 1 Internal Auditor that does Comliance review and a slew of BSA Staff.

Up until $500mm, I did all IA and Compliance, including BSA, etc...
4) Works fine.
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My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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#755397 - 06/18/07 09:05 PM Re: Your help could get me another FTE! RR Joker
Wyogirl Offline
Platinum Poster
Wyogirl
Joined: Nov 2001
Posts: 713
Laramie, WY. USA
Again, thanks all. I guess it's totally understood that we'll only use the cases that help us....:) I really don't know how some of you have kept your sanity.

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#755584 - 06/19/07 11:54 AM Re: Your help could get me another FTE! Wyogirl
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,243
Florida
$200M

2 1/2 branches

1 (compliance, audit, hmda, bsa, cra, ofac, sox, privacy - lucky they gave security to someone else)

No - not if you like to sleep at night
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Integrity. With it, nothing else matters. Without it, nothing else matters.

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#755618 - 06/19/07 01:01 PM Re: Your help could get me another FTE! Wyogirl
GLL Offline
100 Club
Joined: Apr 2002
Posts: 192
KY
1. 850 Million
2. 15 branches
3. 1 audit manager, 2 internal auditors, 1 deposit compliance/BSA officer (this person is the team leader of deposit operations also), 1 lending compliance officer (this person is the team leader of loan administration - back office operations)
4. Working pretty good, never any spare time, but they will not do anything until we start having bad exams (which we are having excellent exams at this point).

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#757024 - 06/20/07 05:36 PM Re: Your help could get me another FTE! GLL
Charles Everson Offline
100 Club
Charles Everson
Joined: Mar 2007
Posts: 149
Overland Park, Kansas
1) $335 million

2) 15 branches

3) 3 FTEs (compliance, internal audit, CRA, BSA)

4) Yes
_________________________
Banker by day, priest by night.

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#757433 - 06/20/07 10:05 PM Re: Your help could get me another FTE! Charles Everson
Carolina Blue Offline
Platinum Poster
Carolina Blue
Joined: Jul 2005
Posts: 951
Lost in a regulatory fog
Not to hijack your thread but I would like to hear from some of the banks over $1 billion. We are over $1B, have over 60 branches, and I am the only Compliance person (except for one person that handles HMDA) and have somehow become the legal department as well

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#757895 - 06/21/07 04:08 PM Re: Your help could get me another FTE! Carolina Blue
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
We have discussed this many times here at BOL - often in the "Audit" forum. If you do an advanced search at Google (search only the domain "bankersonline.com") and use terms such as "compliance" "department" and "size" or other similar terms and you'll find quite a few discussions like this one.
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David Dickinson
http://www.bankerscompliance.com

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