Developing a Compliance Management Program for a Trust Organization
March 17th, 2021
12:30-1:30 pm Central Standard Time
A compliance management program is a crucial component of an effective approach to compliance for trust departments and trust companies. Regulators are increasingly stressing the importance of compliance testing as part of the compliance program for trust organizations. Management is expected to identify, respond to, and remediate compliance violations and deficient practices in a timely manner.
However, developing an effective trust compliance program that includes testing is a significant task that requires a balancing of limited resources and an extensive understanding of the many laws, rules and regulations that must be addressed.
This webinar will, focused on trust organizations, discuss:
- Developing a compliance management program, including testing that meets your needs,
- Regulatory expectations for a compliance management program,
- Effective compliance testing,
- Separating the responsibilities of the first line of defense (business) from the second line of defense (compliance); and,
- Duties of the Board of Directors and Management.
Who should attend:
- Compliance Officers
- Internal Audit personnel
- Trust management
Meet your presenters:
Kevin Maas, President of Wealth Management, Pohl Consulting and Training, Inc.
Kevin is a 25 year veteran of applying legal, regulatory and compliance realities to create competitive advantages for banks, registered investment advisors and broker dealers. As General Council, Chief Compliance Officer and business unit leader for PrimeVest Financial Services, (now Cetera Investment Services), and later as President and CEO of ING National Trust, Kevin has been successful in guiding highly regulated organizations through aggressive growth and doing so in a manner that enhances the firm’s legal and compliance effectiveness.
You may have heard Kevin as a speaker at financial services conferences on legal and regulatory topics affecting Wealth Management and, in particular, addressing the overlap of banking, FINRA and SEC regulation. Kevin is the author of numerous articles and white papers addressing Wealth Management topics such as the application of the SEC’s Regulation R in bank – broker dealer networking arrangements, and the sharing of bank trust employees with a broker dealer.
Kevin earned his Juris Doctorate from William Mitchel College of Law and a Bachelor of Science in Education from South Dakota State University. He holds the FINRA Series 7 and 24 registrations.
Fee: $295 ($195 for retainer clients and Trustcompare® subscribers)