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Course description

Whether your institution is considering making the jump from manual reports and spreadsheets to an automated monitoring system or you have a system that you have been using for years, this webinar will have something for you.

We will not endorse one vendor over another, but we will discuss the key components of your vendor management program that can help make sure you pick the system that is best suited for your institution. Every system has its limitations. We will cover steps you can take to identify and document these limitations so that you can develop procedures for monitoring activity that your system does not.

Your vendor may make recommendations for customizing system settings, but the responsibility for the system's accuracy in identifying suspicious activity ultimately rests with the institution. Using current guidance we will give you tips for analyzing your customer's activity to help establish system parameters.

Strong policies and procedures establish accountability for maintaining and operating an AMS. Who manages alerts? What is the appropriate timetable for reviewing alerts? How are alert resolutions documented? We will address examiner expectations and best practices.

Once your system is up and running, examiners will expect that the system is independently validated in order to ensure that the model is reasonably designed based on the unique risks of your institution. We will cover the current guidance to help you know what to expect during a validation and what questions your examiners may ask.

In this two hour session, Brian will cover: 

  • Vendor Management
  • System Implementation
  • Model Policy
  • GAP Analysis
  • Customer risk rating settings
  • Rule Settings
  • OFAC & 314(a) Processing
  • Change Control
  • Model Validation preparation
  • 2005 FDIC Model Governance
  • 2011 FRB/OCC Model Validation Guidance

Written materials will be provided for the listener to refer to during the presentation.


 WHO SHOULD ATTEND:
BSA Officers, BSA Analysts, IT Managers, Auditors, Compliance Officers




Instructor(s)

Brian Crow

Brian Crow is managing partner and co-president for TCA Compliance and is a nationally recognized BSA/AML expert with a strong bank compliance management background and a welcome ability to provide focused educational support to TCA client banks. Mr. Crow most recently was BSA Administrator for a suburban Chicago bank, where his responsibilities included the bank’s annual assessment and audit documentation. Earlier, as Operations Officer at the same bank, Mr. Crow monitored AML activity and helped install automated AML software that allowed the bank to transition from paper to electronic CTRs. His activities were responsible for reducing debit card fraud by 95 percent at the bank. Mr. Crow has been, and continues to be, an education consultant for the Glia Group BOL Learning Connect program, conducting webinars that have covered VISA/MasterCard chargebacks, debit card compliance and fraud prevention for hundreds of banks. It was in this role that Mr. Crow was recognized as a Bankers Online Guru in 2011. Like many of us, Mr. Crow began his banking career as a teller, working his way up to head teller and then branch management responsibilities. He earned a B.A. degree from Concordia University, River Forest, Illinois.

Course curriculum

  • 1

    Video

    • Automated Monitoring Systems: Implementation to Validation
  • 2

    Materials

    • Slides

    • FDIC Model Covernance

    • Model Risk Managmeent Program Policy Template

    • Release Update Review

    • Model Usage Policy Board Level

    • OCC Model Validation

    • Questions and Answers