Preparing Your Bank for BSA Audit This BSA (Bank Secrecy Act) compliance training will highlight how a bank can best prepare for a successful BSA audit as acknowledged and recognized by regulators and examiners. Why Should You Attend: Although financial institutions have been managing BSA (Bank Secrecy Act) operations according to regulatory requirements, audits must be conducted to determine and evaluate compliance with those laws and regulations. BSA audits have become increasingly important. Regulators look to the bank for ensuring that BSA operations are being appropriately audited and that BSA efforts are appropriately implemented and overseen. Being prepared for these audits is more important than ever as lack of preparation can have detrimental consequences such as enforcement actions or fines. The areas of focus outlined in this webinar are based on best industry practice, supervisory experience and cover the major components of an effective BSA program that audits focus on. Attendees will get an in-depth understanding about assessing BSA policies and procedures. The webinar will also discuss how to do risk assessments and monitor programs and the importance of ensuring qualified employee oversee daily BSA operations. Areas Covered in this Webinar: This webinar will look at the following areas and the specifics of each area as it pertains to BSA audit preparation: Assessing BSA policies and procedures. Assessing policies and procedures. Reviewing Risk Assessments. Review of monitoring programs Determining effectiveness and thoroughness of training programs Ensuring qualified employee oversight of daily BSA operations Assessing independent testing Who will Benefit: This online training will be beneficial to following personnel in financial institutions of any size and money service businesses: BSA / AML Officers Internal Auditors Staff with roles and responsibilities in BSA / AML management and oversight Money Service Business BSA/AML Officers Human Resource staff in charge of BSA/AML training Corporate Audit
Instructor Profile: Gina J. Lowdermilk ,is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Ms. Lowdermilkâ€™s emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality. She has worked with all of the financial regulators and examiners. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as requested from numerous clients.
Published on May 15, 2013
Published on May 15, 2013
Learn how to prepare your financial institution/bank for BSA (Bank Secrecy Act) audits. Get tools and best practices for effective BSA compl...