1. Implementing the Three Lines of Defense into Your CMS

Implementing the Three Lines of Defense into Your CMS

Compliance expert Scott Carr will reveal the Three Lines of Defense model that will enable your institution to dramatically improve the CMS. You will learn how to make compliance part of the daily routine of managers and employees.
Event ID: 2167646
Recording: Unable to attend? A recording will be available after the presentation.
Date: Recorded on 2/13/2020
Duration: Scheduled for 90 minutes including question and answer period.
Presenter: Scott Carr
Credits: Live webinar approved for 1.5 NASBA credit hours (Management Services)

Implementing the Three Lines of Defense into Your CMS

On an annual basis, every financial institutions should review the effectiveness of its Compliance Management System (CMS). Most weaknesses within a CMS stem from a lack of accountability. The Three Lines of Defense model will help you define:

  • Each group’s role in addressing compliance and risk control
  • The aspects for which each person is responsible
  • How departments and individuals will coordinate with each other

By addressing how duties related to compliance risk and control are assigned and coordinated, you will eliminate duplication of effort, ensure all tasks are completed, and improve results.

  • What makes a Compliance Management System effective?
  • How can you implement the Three Lines of Defense into your CMS?
  • What are the benefits of the Three Lines of Defense?
  • What should you consider during the implementation process?
  • What examples can you follow to ensure success?

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