Compliance, operational risks under discussion at October workshops for national banks

Workshops on compliance and operational risk aimed at educating national community bank and federal savings association directors are scheduled Oct. 22 and 23 in Los Angeles, the federal regulator of the financial institutions said Monday.

The Office of the Comptroller of the Currency (OCC) said the compliance risk workshop on Oct. 22 looks at the critical elements of an effective compliance risk management program – including major compliance risks and critical regulations – through lectures, discussion, and exercises. The Bank Secrecy Act, Flood Disaster Protection Act, Fair Lending, Home Mortgage Disclosure Act, Community Reinvestment Act, and other compliance topics are on the agenda.

The operational risk workshop the next day (Oct. 23) examines the people, processes, and systems related to operational risk, the OCC said, covering governance, third-party risk, vendor management, internal fraud, and cybersecurity.

Both sessions will be conducted at the Federal Reserve Bank of Los Angeles.

Cost for either session is $99 and is open to directors of national community banks and federal savings associations supervised by the OCC. It is limited to the first 35 registrants.

OCC Hosts Compliance and Operational Risk Workshops in Los Angeles