Performing BSA/AML/OFAC Risk Assessments Properly

This 60-minute webinar will summarize the importance of performing BSA/AML/OFAC risk assessments properly. It will discuss the various components needed in order to implement an effective risk assessment, as well as, what is needed to maintain an appropriate risk assessment on-going of BSA/AML/OFAC. It will provide insight into what regulators and examiners expect from financial institutions in their BSA/AML/OFAC risk assessments.

• Conduct an effective BSA/AML risk assessment for your financial institution
• Implement effective BSA/AML risk assessments
• Implement best-practice risk assessment strategies
• Advise management on continuous monitoring of BSA/AML risk
• Advise management of how the BSA/AML risk assessment plays a critical role in the Enterprise Risk Model
• Recommend BSA/AML risk assessment approaches and oversight

• BSA/AML/OFAC risk assessment expectations
• Importance of working with all areas of a financial institution for establishing appropriate risk ratings for BSA/AML/OFAC
• Areas to be covered by the risk assessment
• Risk rating guidelines and suggestions
• Monitoring of risk ratings

Regulatory scrutiny and focus continue to grow as the financial landscape evolves. It is more critical now to ensure that your organization is adhering to industry best practices when fulfilling its compliance obligations. Failure in understanding the expectations of regulators and examiners could potentially put an organization at risk for being non-complaint, which could, in turn, result in monetary fines, reputational damage, and imposed enforcement actions. By attending this webinar, you will assist in your compliance efforts by gaining valuable insight into expectations, approaches, and oversight our today’s compliance environment.

• Banking and financial services
• Risk management
• Corporate governance
• Banks and credit unions
• Accounting and taxation
• Reporting metrics policies
• Risk Management & controls
• Financial risk management
• Audit & inspection-role
• Internal audit
• Financial audit
• Documentation and policy management
• Banking & finance
• Finance sox & internal control
• Compliance & ethics
• Financial services and trading
• Accounting audits

Dr. Gina J. Lowdermilk, PhD (ABD), CAMS, CRMS is a qualified BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been on working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work with small community banks to large international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality. Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. Gina has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as per clients’ requests.