ABA Banking Journal - May 2012 - (Page 36)
Are you on top of compliance?
An interview with Chris Spellman, co-chair of ABA’s Regulatory Compliance Conference Advisory Board, and SVP and chief compliance officer at Morrill & Janes Bank and Trust Co., Shawnee Mission, Kans.
ABABJ: How do you go about the planning process? Chris Spellman: We began last fall planning the program for this year’s conference, which is June 10-13, in Orlando, Fla. Part of the process is a day-and-a-half of brainstorming among the bankers and ABA’s staff experts. The advisory board members are a broad representation of ABA member banks. We share ideas and discuss potential speakers and things we’d like to see. We also develop learning objectives for each session, so that the attendee knows what areas the session will cover. The compliance conference is developed by bankers, for bankers; in fact, almost all the advisory board members will have multiple speaking roles during the conference. The program also is custom-tailored to fit the needs of compliance officers from small, medium, and large banks. ABABJ: What are the major takeaways for you in attending ABA’s Compliance Conference? CS: I’ve been attending the conference annually for 25 years. For me, it’s often about the content. You learn something new each year you go. The quality of the speakers that we get is impressive. This includes well-known compliance professionals and high-level examiners. It’s the best of any national conference. This year, for example, we’ve got Raj Date, deputy director of the Consumer Financial Protection Bureau, as one of our featured speakers. Another valuable takeaway is that you develop a peer network of compliance colleagues at similar-sized and -situated banks that you can stay in touch with through phone calls and e-mail throughout the year. The conference badges make it easy to identify people from peer-sized banks. ABABJ: How has the Regulatory Compliance Conference changed over the years? CS: The conference has grown steadily. The first one that I attended featured a couple-hundred bankers in Crys-
tal City, Va. This year, there will be six times that number attending, and we will be at the Walt Disney World Dolphin Hotel in Orlando. A couple things haven’t changed. For one, the conference reinforces the areas that you’re doing the right way. And it can help compliance officers prevent problems by identifying issues early and addressing them. Compliance has become so complex and detailed that banks are focusing significant attention and dollars to compliance and to educating compliance staff. The Regulatory Compliance Conference provides a convenient way for employees to get comprehensive training in a wide range of consumer compliance. ABABJ: What’s something that’s little known about bankers whose professional focus is on regulatory compliance? CS: Some of the funniest people I’ve ever met are compliance officers. We are very adaptable, as well. Maybe it’s the nature of our jobs. Even though you start your day all mapped out, invariably a curve ball gets thrown that changes that list. You have to be able to respond quickly and accurately. One thing is for sure: The job is getting harder. To register or to learn more about ABA’s 2012 Regulatory Compliance Conference, go to http://www.aba.com/Events/RCC.htm.
| ABA BANKING JOURNAL | may 2012
Table of Contents for the Digital Edition of ABA Banking Journal - May 2012
ABA Banking Journal - May 2012
ABA Community Banking
Pass the Aspirin
ABA Banking Journal - May 2012