Pub. 11 2022 Issue 1 11 Compliance First Banking Solutions, LLC’s outsourced compliance program is the latest service designed to help Kansas Banks. Compliance in banking can be more than a full-time job. It requires following, understanding and timely implementing constantly updated regulations from a complex banking and regulatory system at the state and federal levels. With all this complexity, it is important to have a compliance team that is expert in the field and ready to implement a new solution or find and address issues before they become a problem for your Bank. It can be hard to find and train the right personnel, especially in a time of high turnover and as many seasoned compliance professionals retire. Compliance First Banking Solutions is here to help. With customizable compliance solutions, our team of compliance experts can help your Bank with a tailored approach. Compliance First Banking Solutions offers both longterm compliance management and short-term compliance organization. Our long-term management approach allows our dedicated team to work within your Bank for an extended period, developing relationships of trust with your employees and learning what makes your Bank unique. Here, our compliance specialist can take on the functions of a compliance officer to create and implement a permanent compliance solution and oversee your Bank’s staff as they handle the day in and day out compliance work. A different approach may be preferred for some banks. Compliance First Banking Solutions can instead work hand in hand with your Bank’s compliance officer. Working within your Bank’s structure, our compliance specialist will create a tailored compliance management approach to identify and resolve compliance issues and help train your compliance team to implement strong standards and processes. Compliance First Banking Solutions will work with you to determine which approach best suits your Bank. Our team can help your Bank transform its compliance program by producing and maintaining risk assessments and overseeing the training of Bank employees and the Board of Directors. We will also work with you to complete regulatory reviews of all compliance areas, including consumer deposit and lending, flood, appraisals, fair lending, CRA assessment and others to identify deficiencies and implement corrective action and training, as needed. Our team can establish compliance meetings on a schedule that best fits your Bank’s needs. Here, our compliance specialist can set the agenda, record minutes, guide the discussion and report to the Board. CFBS Launches New Outsourced Compliance Service Continued on page 12
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