Required & Appropriate Training.
Training is a key component of your Compliance Management System because it is essential that your personnel know how to do their job. While training can be carried out in many different ways, any training you do should be appropriate to their duties. You don’t want to train people on things they really don’t need to know. For example, your Board doesn’t need to be trained on how to complete Currency Transaction Reports (CTRs). But they do need to know what CTRs are, when they are required to be filed and the consequences of not doing so. It might surprise you that the list of things you are required by regulation to train on is actually quite short but just because it’s not required doesn’t mean training isn’t necessary.
David explains more in the video.
David Dickinson
David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.
He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.
David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.