Training is a cornerstone of an effective compliance management system. If your employees don’t know what to do or how to do their job, it’s inevitable that you are going to have compliance violations and problems with your examiners. Banking isn’t easy; however, there is a lot to know, a lot you can mess up and things always seem to be changing. Thus, ongoing training is essential for all your employees but critical for new hires. Financial institutions should have some sort of onboarding process for new hires that ensures they get necessary training. How new hire training is conducted and the timing of that training might look different from institution to institution but you should have a plan.
David explains more in the video.
Published
2024/09/30