Thread Starter: Anonymous
Title: Re: Your Bank's Compliance Area
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I know that compliance areas are structured SOOOO differently depending on the bank, but I was wondering if most Compliance Officers were considered Senior Management or at least on the Management Team. If not, do you feel Management listens to you as a Compliance Officer? In some areas, particularly the area of BSA, I've always wondered why the regulation doesn't state that the BSA Officer has to be Senior Vice President due to the level of responsibility. It discusses the BSA Officer being ultimately responsible (other than the Board) for BSA. It seems in most banks, the hierarchy means that Senior Vice Presidents/Management has more authority than a Compliance Officer that is a Vice President or lower. I just wondered what everyone's take on that was and how their bank's Compliance Department was structured.
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