Compliance
Responsibility
is every banker’s journey
Chamber of Thrift Banks
GMM
June 11, 2010
Training Objectives
•
•
Empower Compliance Officers and
Coordinators in understanding of
their role and challenges
Orient bank support officers on the
value of Compliance.
Training Objectives
•
•
•
Improve soft skills of Compliance
officers to effectively discharge their
functions
Promote pro-active compliance
culture in respective banks
Support thrift banks achieve
satisfactory CAMELS rating.
Compliance Function – A Dynamic Process
Compliance
Program
Regulatory
Bodies
Compliance
System
Monitor &
Assess
Communications
COMPLIANCE FUNCTION
Before CO Era
Regulatory Pressures
AVOID This
Regulatory Pressures
IDEAL
Regulatory Pressures
Compliance Officer
Line Officers’
Regulatory
Knowledge
Compliance Officer
Line Officers’
Line
Officers
Regulatory
Knowledge
Line Officers
Personnel Knowledge
Personnel
Personnel
Personnel
PersonnelKnowledge
Knowledge
Compliance culture and
Bank’s Journey to CAMELS 5
• What is CAMELS Rating?
• Why Is it important?
• Where are we now?
• How do we get there?
• When do we go there?
Journey to CAMELS 5 must
be owned by BANKER
• Regulatory Pressures for CAMELS 5
• CAMELS RATING is DRIVEN from all
areas of OPERATIONS
• BENEFITS OF STRONG CAMELS
RATING IS for the whole BANK
Training Outline
• Module 1 Intro to Compliance
– Responsibility & Compliance frame work
– Compliance Soft Skills
• Module 2 Compliance Systems and Tools
• Module 3 Compliance Technical skills
– MORB Basics
– Understanding CAMELS
• Module 4 Reinforcing AML and EDD