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Security Committee

Question: 
What is a "security committee"? We already have BSA, Compliance, Human Resources, Audit and Executive Committees.
Answer: 

A Security Officer alone may not always be able to promote a necessary change in the institution's policies, procedures or practices. Using other business unit managers, the Security Officer may be able to harness diverse talents, skills and political horsepower to press for changes.

The Security Officer manages this committee -- in a perfect world. A Security Committee doesn't have to meet every day, week or month. A Security Committee may meet to discuss several recent losses; discuss an employee who is suspected of an internal crime; respond as the "on-the-ground" team if a robbery occurs; or to recommend changes due to a new security-related regulation. Ideally, the members of the Security Committee include:
- Security Officer;
- Member of the Board of Directors;
- President, CEO or designate;
- Human Resources Manager;
- Retail Operations Manager; and
- Audit Manager.

Other issues may be addressed by inviting other business managers to the meeting as necessary, including:
- Legal Counsel; and
- IT Manager.

First published on BankersOnline.com 1/10/11

First published on 01/10/2011

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