The Directors Education Series: Compliance Oversight Responsibilities

Boards of Directors have many responsibilities in financial institutions, not the least of which is to monitor risk. Within the past 10 years, since the passage of the Dodd-Frank Act, regulatory attention to Board oversight over the Compliance function has only increased. There must be regular the thorough communication to the Board from the institution's Chief Compliance Officer, to ensure the Board is aware of any impending risk or regulator issues, among other things. As well, the Board must balance risk management, technical compliance with laws and regulations, and issues around customer fairness. As well, the Board must oversee the three lines of defense to ensure they are designed and are functioning properly. This program will cover all of the following topics:

  • Board and Executive Management Engagement
    • Chief Compliance Officer
    • Functional and Effective Escalation Processes
  • Compliance Management System Focus
  • Culture of Compliance
  • Three lines of Defense
    • Business and Operations
    • Compliance and Control Functions
    • Audit

Subscribe to The Directors Education Series and provide your leaders with the guidance and tools needed to navigate the complexities of today's banking environment.

training features:

  • Includes Audio, Video and Powerpoint.
  • PDF Handouts
  • Discussion Questions
  • 20-25 minutes in length (Perfect to show at your monthly board meeting!)
This program is a breakout session from the Directors Education Series, which is a subscription based Library containing over 50 trainings specifically for your Board of Directors. For more information on the Directors Education Series click on or go to You can email questions to or talk with a representative by calling 1-800-831-0678.

Who Should Attend?

This program is recommended for your Executive staff including every member on your Board of Directors.

We are loving the program for our Directors. Training has now become a more regular event and the format and timing of the training is just right for the BOD. They have found the information very helpful in understanding their roles as directors.” — Maureen Daehn, CFO, Maple Bank

After 42 years in Banking and now a Director, the series enables me to continue my knowledge in this ever changing industry! You're never too old to learn, and being a Director it's our responsibility to continue to learn for the good of our organizations.” — Gerald Schmidt, Board Member, Stephenson National Bank and Trust