What Is a CMS - and Why You Should Have One
Regulators expect financial institutions to have a Compliance Management System (CMS) in place. The scope of the definitions is broad and up for interpretation. Do you have a CMS in place? Is it adequate? This webinar will help you answer those questions by addressing:
- The different agencies’ expectations and definitions of a CMS
- The role of the compliance officer, management, and other compliance stakeholders in the financial institution
- The Consumer Compliance Rating System and how your CMS may impact your institution’s score
- The areas where automation and technology can help take your CMS to the next level to satisfy your regulators and achieve better compliance results
This comprehensive overview of your examiner’s expectations with regards to your CMS will provide strong best practices for creating or improving an effective CMS for your financial institution.