A CMS is the framework an institution uses to:
- Learn and stay current on its compliance responsibilities
- Ensure employees understand and apply those responsibilities
- Integrate regulatory requirements into daily business processes
- Review operations to confirm responsibilities are met and controls are effective
- Take corrective action and update policies, procedures, and training as needed
Just as importantly, a strong CMS helps institutions reduce compliance risk by proactively addressing:
- Changes in products and services
- New or amended laws and regulations driven by market developments
- The risks of noncompliance with consumer protection laws, which may result in litigation, monetary penalties, and formal enforcement actions
This webinar explains why regulators emphasize CMS and how a well‑designed system supports compliance, risk management, and regulatory confidence across the institution.
What You’ll Learn:
- Review the core requirements of a CMS and tailor them to fit your financial institution’s size, complexity, and risk profile
- Understand how changing regulatory requirements can pose compliance risk if not properly tracked and managed
- Break down institutional silos to build and maintain a more effective, coordinated CMS
- Review, test, and monitor operations to ensure compliance requirements are working as intended
- Deliver effective training to business units.
- Identify, correct, and prevent consumer harm
Who Should Attend?
This session is designed for anyone seeking a stronger understanding of an effective Compliance Management System (CMS). It is particularly beneficial for new compliance officers, as well as professionals working in compliance, risk management, internal audit, and management roles.