Independent Banker - August 2019 - 37

the sample(s) cover each loan product,
each loan officer, each indirect car loan
partner and so on? " Sampling should
be representative of the population,
balanced by the risk factors present, "
observes Boccia. How granular the
samples need to be depends on risk and
the universe. A consumer loan sample
spread out over all consumer lending
may not have the granularity needed
to pinpoint issues specific to a product
or service. Regulators have guidelines
for sampling that describe statistical,
judgmental and targeted sampling
techniques that may be helpful.
" Think of effectiveness first and plan
your compliance auditing around the
residual risk identified in the compliance
risk assessment, " she says. " Don't
be afraid to over- or under-weight
areas based on that risk assessment.
For example, we might look at higher
risk, heavy transactional areas multiple
times in a calendar year and only
look at lower risk items every two years
or let the line of business self-assess
and monitor those lesser risks. " When
planning the compliance audit, look at
complaints, past problems, changes
in the institution and the strength of
internal controls.
Boccia notes that some regulatory
issues transcend risk assessments or
sampling, such as the Unfair, Deceptive,
or Abusive Acts or Practices Act
(UDAAP). " For UDAAP, " she advises,
" it's best to look at risk between the
lines during every compliance audit. "
UDAAP can be difficult to audit
because it is subjective and may not
be accompanied by a technical compliance
violation, she adds.
Compliance risk management
requires effective oversight. Using compliance
audit best practices can help
confirm that the bank is meeting its
obligations for technical compliance,
that ongoing monitoring is effective
and that the program is achieving the
desired outcomes.
Mary Thorson Wright, a former Federal
Reserve examiner, is a financial writer
in Virginia.

Independent Banker - August 2019

Table of Contents for the Digital Edition of Independent Banker - August 2019

Table of Contents
Independent Banker - August 2019 - Intro
Independent Banker - August 2019 - Cover1
Independent Banker - August 2019 - Cover2
Independent Banker - August 2019 - Table of Contents
Independent Banker - August 2019 - 2
Independent Banker - August 2019 - 3
Independent Banker - August 2019 - 4
Independent Banker - August 2019 - 5
Independent Banker - August 2019 - 6
Independent Banker - August 2019 - 7
Independent Banker - August 2019 - 8
Independent Banker - August 2019 - 9
Independent Banker - August 2019 - 10
Independent Banker - August 2019 - 11
Independent Banker - August 2019 - 12
Independent Banker - August 2019 - 13
Independent Banker - August 2019 - 14
Independent Banker - August 2019 - 15
Independent Banker - August 2019 - 16
Independent Banker - August 2019 - 17
Independent Banker - August 2019 - 18
Independent Banker - August 2019 - 19
Independent Banker - August 2019 - 20
Independent Banker - August 2019 - 21
Independent Banker - August 2019 - 22
Independent Banker - August 2019 - 23
Independent Banker - August 2019 - 24
Independent Banker - August 2019 - 25
Independent Banker - August 2019 - 26
Independent Banker - August 2019 - 27
Independent Banker - August 2019 - 28
Independent Banker - August 2019 - 29
Independent Banker - August 2019 - 30
Independent Banker - August 2019 - 31
Independent Banker - August 2019 - 32
Independent Banker - August 2019 - 33
Independent Banker - August 2019 - 34
Independent Banker - August 2019 - 35
Independent Banker - August 2019 - 36
Independent Banker - August 2019 - 37
Independent Banker - August 2019 - 38
Independent Banker - August 2019 - 39
Independent Banker - August 2019 - 40
Independent Banker - August 2019 - 41
Independent Banker - August 2019 - 42
Independent Banker - August 2019 - 43
Independent Banker - August 2019 - 44
Independent Banker - August 2019 - 45
Independent Banker - August 2019 - 46
Independent Banker - August 2019 - 47
Independent Banker - August 2019 - 48
Independent Banker - August 2019 - 49
Independent Banker - August 2019 - 50
Independent Banker - August 2019 - 51
Independent Banker - August 2019 - 52
Independent Banker - August 2019 - 53
Independent Banker - August 2019 - 54
Independent Banker - August 2019 - 55
Independent Banker - August 2019 - 56
Independent Banker - August 2019 - 57
Independent Banker - August 2019 - 58
Independent Banker - August 2019 - 59
Independent Banker - August 2019 - 60
Independent Banker - August 2019 - 61
Independent Banker - August 2019 - 62
Independent Banker - August 2019 - 63
Independent Banker - August 2019 - 64
Independent Banker - August 2019 - 65
Independent Banker - August 2019 - 66
Independent Banker - August 2019 - 67
Independent Banker - August 2019 - 68
Independent Banker - August 2019 - 69
Independent Banker - August 2019 - 70
Independent Banker - August 2019 - 71
Independent Banker - August 2019 - 72
Independent Banker - August 2019 - 73
Independent Banker - August 2019 - 74
Independent Banker - August 2019 - 75
Independent Banker - August 2019 - 76
Independent Banker - August 2019 - 77
Independent Banker - August 2019 - 78
Independent Banker - August 2019 - 79
Independent Banker - August 2019 - 80
Independent Banker - August 2019 - 81
Independent Banker - August 2019 - 82
Independent Banker - August 2019 - 83
Independent Banker - August 2019 - 84
Independent Banker - August 2019 - 85
Independent Banker - August 2019 - 86
Independent Banker - August 2019 - 87
Independent Banker - August 2019 - 88
Independent Banker - August 2019 - 89
Independent Banker - August 2019 - 90
Independent Banker - August 2019 - 91
Independent Banker - August 2019 - 92
Independent Banker - August 2019 - 93
Independent Banker - August 2019 - 94
Independent Banker - August 2019 - 95
Independent Banker - August 2019 - 96
Independent Banker - August 2019 - 97
Independent Banker - August 2019 - 98
Independent Banker - August 2019 - 99
Independent Banker - August 2019 - 100
Independent Banker - August 2019 - Cover3
Independent Banker - August 2019 - Cover4
https://www.nxtbook.com/mspc/independentbanker/january2025
https://www.nxtbook.com/mspc/independentbanker/december2024
https://www.nxtbook.com/mspc/independentbanker/november2024
https://www.nxtbook.com/mspc/independentbanker/october2024
https://www.nxtbook.com/mspc/independentbanker/september2024
https://www.nxtbook.com/mspc/independentbanker/august2024
https://www.nxtbook.com/mspc/independentbanker/july2024
https://www.nxtbook.com/mspc/independentbanker/june2024
https://www.nxtbook.com/mspc/independentbanker/may2024
https://www.nxtbook.com/mspc/independentbanker/april2024
https://www.nxtbook.com/mspc/independentbanker/march2024
https://www.nxtbook.com/mspc/independentbanker/february2024
https://www.nxtbook.com/mspc/independentbanker/january2024
https://www.nxtbook.com/mspc/independentbanker/december2023
https://www.nxtbook.com/mspc/independentbanker/november2023
https://www.nxtbook.com/mspc/independentbanker/october2023
https://www.nxtbook.com/mspc/independentbanker/september2023
https://www.nxtbook.com/mspc/independentbanker/august2023
https://www.nxtbook.com/mspc/independentbanker/july2023
https://www.nxtbook.com/mspc/independentbanker/june2023
https://www.nxtbook.com/mspc/independentbanker/may2023
https://www.nxtbook.com/mspc/independentbanker/april2023
https://www.nxtbook.com/mspc/independentbanker/march2023
https://www.nxtbook.com/mspc/independentbanker/february2023
https://www.nxtbook.com/mspc/independentbanker/january2023
https://www.nxtbook.com/mspc/independentbanker/december2022
https://www.nxtbook.com/mspc/independentbanker/november2022
https://www.nxtbook.com/mspc/independentbanker/october2022
https://www.nxtbook.com/mspc/independentbanker/september2022
https://www.nxtbook.com/mspc/independentbanker/august2022
https://www.nxtbook.com/mspc/independentbanker/july2022
https://www.nxtbook.com/mspc/independentbanker/june2022
https://www.nxtbook.com/mspc/independentbanker/may2022
https://www.nxtbook.com/mspc/independentbanker/april2022
https://www.nxtbook.com/mspc/independentbanker/march2022
https://www.nxtbook.com/mspc/independentbanker/february2022
https://www.nxtbook.com/mspc/independentbanker/january2022
https://www.nxtbook.com/mspc/independentbanker/december2021
https://www.nxtbook.com/mspc/independentbanker/november2021
https://www.nxtbook.com/mspc/independentbanker/october2021
https://www.nxtbook.com/mspc/independentbanker/september2021
https://www.nxtbook.com/mspc/independentbanker/august2021
https://www.nxtbook.com/mspc/independentbanker/july2021
https://www.nxtbook.com/mspc/independentbanker/june2021
https://www.nxtbook.com/mspc/independentbanker/may2021
https://www.nxtbook.com/mspc/independentbanker/april2021
https://www.nxtbook.com/mspc/independentbanker/march2021
https://www.nxtbook.com/mspc/independentbanker/february2021
https://www.nxtbook.com/mspc/independentbanker/january2021
https://www.nxtbook.com/mspc/independentbanker/december2020
https://www.nxtbook.com/mspc/independentbanker/november2020
https://www.nxtbook.com/mspc/independentbanker/october2020
https://www.nxtbook.com/mspc/independentbanker/september2020
https://www.nxtbook.com/mspc/independentbanker/august2020
https://www.nxtbook.com/mspc/independentbanker/july2020
https://www.nxtbook.com/mspc/independentbanker/june2020
https://www.nxtbook.com/mspc/independentbanker/may2020
https://www.nxtbook.com/mspc/independentbanker/april2020
https://www.nxtbook.com/mspc/independentbanker/march2020
https://www.nxtbook.com/mspc/independentbanker/february2020
https://www.nxtbook.com/mspc/independentbanker/january2020
https://www.nxtbook.com/mspc/independentbanker/december2019
https://www.nxtbook.com/mspc/independentbanker/november2019
https://www.nxtbook.com/mspc/independentbanker/october2019
https://www.nxtbook.com/mspc/independentbanker/september2019
https://www.nxtbook.com/mspc/independentbanker/august2019
https://www.nxtbook.com/mspc/independentbanker/july2019
https://www.nxtbook.com/mspc/independentbanker/june2019
https://www.nxtbook.com/mspc/independentbanker/may2019
https://www.nxtbook.com/mspc/independentbanker/april2019
https://www.nxtbook.com/mspc/independentbanker/march2019
https://www.nxtbook.com/mspc/independentbanker/february2019
https://www.nxtbook.com/mspc/independentbanker/january2019
https://www.nxtbook.com/mspc/independentbanker/december2018
https://www.nxtbook.com/mspc/independentbanker/november2018
https://www.nxtbook.com/mspc/independentbanker/october2018
https://www.nxtbook.com/mspc/independentbanker/september2018
https://www.nxtbook.com/mspc/independentbanker/august2018
https://www.nxtbook.com/mspc/independentbanker/july2018
https://www.nxtbook.com/mspc/independentbanker/june2018
https://www.nxtbook.com/mspc/independentbanker/may2018
https://www.nxtbook.com/mspc/independentbanker/april2018
https://www.nxtbook.com/mspc/independentbanker/march2018
https://www.nxtbook.com/mspc/independentbanker/february2018
https://www.nxtbook.com/mspc/independentbanker/january2018
https://www.nxtbook.com/mspc/independentbanker/december2017
https://www.nxtbook.com/mspc/independentbanker/november2017
https://www.nxtbook.com/mspc/independentbanker/october2017
https://www.nxtbook.com/mspc/independentbanker/september2017
https://www.nxtbook.com/mspc/independentbanker/august2017
https://www.nxtbook.com/mspc/independentbanker/july2017
https://www.nxtbook.com/mspc/independentbanker/june2017
https://www.nxtbook.com/mspc/independentbanker/may2017
https://www.nxtbook.com/mspc/independentbanker/april2017
https://www.nxtbookmedia.com