A Certified Compliance Officer Has the Skills and the Knowledge Your Bank Needs to Ensure Compliance.

The Dodd-Frank Act has had a major impact on laws and regulations for financial institutions, so it is more important than ever for compliance officers to keep up with changing regulatory requirements. Although lending and deposit operations are getting most of the attention, changes are expected in privacy requirements, ADA requirements for ATM access, and many other areas.

The regulators are looking for evidence that your bank puts a premium on compliance. They want to know that your compliance officer’s skills are up-to-date with the latest compliance demands. You can give them what they’re looking for, and ensure that your bank’s compliance efforts are correct, when your compliance officer completes the Sheshunoff® Regulatory Compliance Certification Program Other Laws and Regulations Module.

Successful completion of this module earns your candidate certification as a Sheshunoff Compliance Officer with a certificate suitable for framing and hanging on your wall. And it’s all done right in your bank at your candidate’s own pace and convenience.

Self-paced training has proved to be an effective, and cost-effective, way to learn a subject in detail. More is learned and retained when the training is self-paced, and the manual later becomes a handy reference to refresh the user’s memory and get fast answers.

Show the Regulators Your Compliance Officer Has What it Takes.

When a regulator sees a Sheshunoff Compliance Officer Other Laws and Regulations Certificate hanging on your wall, it’s a sign that your compliance officer has the skills and knowledge necessary to handle all the compliance challenges that various regulations present.

The Other Laws and Regulations Module contains the following courses:

• Privacy. Understand the requirements of various privacy laws, how personal information can be collected and how the information can be used, how to comply with official requests for customers’ financial records, and how to safeguard customer information.
• Americans with Disabilities Act. Understand what a disability is under the ADA and what it is not, what employment practices fall under Title I and exactly what your bank must do to comply, and what the public accommodations requirement involves, including examples of how your bank can make certain areas more accessible, and get tips on communicating with a person with disabilities.
• Sales of Nondeposit Products. Understand the types of transactions covered by the FFIEC interagency guidance on retail sales of nondeposit investment products, the disclosure requirements, and the operational requirements.
• Consumer Protections for Depository Institution Sale of Insurance. Understand the types of practices prohibited by the regulations, the necessary disclosures, and the general conditions for referrals and personnel authorized to sell insurance products.
• Regulation W (Transactions with Affiliates). Understand the restrictions on transactions between a bank and affiliated companies and recognize exempt transactions.
• Loans to Executive Officers, Directors, and Principal Shareholders (Reg O). Understand who the regulation affects, the rules for aggregate lending limits, minimal risk transactions, overdraft protections, and disclosure and reporting requirements.

Highlights How to Use This Manual Preface

Regulatory Compliance Program

Each module covers a single key area of compliance in detail; each course in a module covers a single regulation. The modules can be completed in any order, so your candidate can get up-to-speed on the issues of greatest concern to you first and tackle other modules later.

When the course work for a module has been completed to the candidate’s satisfaction, he or she requests the final exam on that module. The Passing grades earn a certificate for that module.

To earn the program certificate, simply complete all five modules of the Regulatory Compliance Certification Program within a two-year period. When all five modules have been successfully completed, the candidate will receive a certificate to show the regulators, and others, that your bank has recognized and met the serious, demanding challenges of compliance.