Control Tv Episode #3

Episode #3 - August 7, 2009

Episode length: 23 minutes, 9 seconds

View on Viddler

Intro:

• Find your hosts on Twitter: @SonyaJMills and @JimKisch
• New Client shout-out: Rachel & Nancy from Bridgewater - Wendy from Unity

Have Questions?

• www.continuity.net - Join Community and ask your banking peers
  
• Ask the Expert forums (on Community): Andy Greenawalt [Information security] and Jim Kisch [Compliance and Risk Management]
  
• LinkedIn: Compliance Support Group
• Twitter: @CE_Community and/or #ControlTv

What's Happening in the Forums?

ICBM history: Jim was their technology chairperson for a few years ending in about 03. Technology resource program, TechXpo, surcharge free network, Segway

ICBM

• Information Technology Security
• General Operations
• General Information Technology (network support, handheld devices policy, mobile banking, Voice over IP)
• Internet Banking, Online cash management, bill payment and mobile banking
• Imaging and Item Processing
• Reports and Business Intelligence
• Website hosting and design
• Fraud Management (data breaches, new card schemes, foreclosure counselors and pandemic)
• Core Banking Systems (Note other groups based on core banking systems: ITI, PCS, JHA)

Special thanks to Doug, Kathy and Marshall

Compliance Challenge of the Week:

• ACH
  

What's the issue: managing credit risk, compliance risk (REG CC, DD, E, BSA/AML OFAC) and transaction risks.

Who: credit risks require input from lending area, compliance folks are managing compliance risks and operations folks are covering the transaction risks.

For example:
Underwrite each new originator
Monitoring your thresholds monthly
Reading understanding rules and distributing ACH rules
Review Reg D disclosures monthly
Review Reg E disclosure annually
Review reciprocal or outsource processing agreements annually
Compliance should review audit activities annually

And by the way, we've got an ActionPack for that, just hit install and the entire lifecycle is automated for you.

FreePolicyTuesday:

Completely free on www.continuity.net for 1 week. All past policies are noted and archived on our free community.

• Internet Acceptable Use Policy
  

The Information Systems Department must approve all Internet users based on their specific needs in performing their job functions. Employees should be aware that nothing on your computer is private information. The Bank Management and the Information Systems Staff, and in some cases other designated staff members, may view the contents of your computer at any time, and all email, letters, visits to web sites, and all other information may be reviewed without your permission or knowledge at any time. Internet users must follow these Internet guidelines.

Closing Comments:

• interested in seeing the show live?
• please leave any feedback in the comments section