Independent Banker - May 2019 - 74

CONNECTIONS
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Have a compliance
question? Open the
Compliance Vault
The ICBA Compliance Vault is an online resource
tailored to the compliance needs of community banks.
o the latest updates to regulatory requirements
leave you or your compliance officers with questions?
The ICBA Compliance Vault could have the answers.
The Compliance Vault is like a search engine for all things
regulatory compliance, from the Bank Secrecy Act, Fair
Lending and flood regulations to UDAAP. The resource,
available at no additional cost to ICBA members, features
more than 2,300 situational and technical Q&As, online
courses and other regulatory publications to help community
bankers respond to compliance challenges whenever
they happen.
" We're used to a real-time, all-the-time mentality, and
that's what the Compliance Vault is based on, " says Lindsay
LaNore, group executive vice president of ICBA's Community
Banker University (CBU). " I think we all want to find
an answer at our own convenience in a frictionless, on-demand
manner. Compliance officers are putting out fires on
a daily basis.
" The Compliance Vault is here to be a resource for them
to help them to do the necessary research,
to help them put out those
fires, in a more efficient, streamlined
way. "
The resource contains information
on more than 40 different laws
and regulations and is updated frequently
to reflect changes to regulatory
requirements and industry
best practices. Many of the Q&As
are written by CBU instructors,
ICBA partners and in-house experts,
so the information is tailored
to the needs of community banks.
74 Q ICBA Independent Banker Q May 2019
D
And unlike other services or
third-party consultants, the
Compliance Vault is accessible
to any of your bank's
staff, which means they can
do their own research, answer
their own questions
and learn on their own time.
" The Compliance Vault is
empowering to the full suite
of bank staff. It's no longer
limited to only selected employees
at the bank, " LaNore
says. " Self-directed learning
can be empowering and offer
For even more
compliance
information,
check out icba.
org/compliance
for ICBA's other
resources:
Q Bank Compliance
Checkup Program
Q Compliance
certification
Q Compliance
webinars
a sense of responsibility and ownership to employees. "
Mandy Snyder, director of compliance and online training
at CBU, adds: " The wider the range of learning options,
the greater the opportunity is to engage employees. It helps
you grow professionally, too. If you don't know enough
about a specific regulation, this is the resource to help you
better understand it. "
The Compliance Vault is handy when
your bank is working with regulators,
who increasingly want to know where
your compliance officers are seeking their
information. " Compliance is constantly
changing. Banks experience compliance
regulation changes and evolving regulatory
expectations on an ongoing basis, "
LaNore says. " And what you have with the
Compliance Vault is a resource that can
help banks understand those changes and
successfully implement what is needed. "
Visit icba.org/compliance-vault to get
started.
http://www.icba.org/compliance-vault
Independent Banker - May 2019

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