Policy and Procedure Development


FRC has extensive experience in developing customized compliance policies and procedures. Existing policies are reviewed for their adherence to legal and regulatory requirements.

If needed, procedures are developed or enhanced to provide guidance for bank personnel. Our consultants also provide assistance to the board and management in the creation of needed policies.

Policy and procedure manuals are developed following a topical format. Each procedure identifies the senior officer responsible for compliance, the regulatory source, and the established internal controls.

Policy and procedure manuals also include ‘compliance-related’ organizational charts, job descriptions for the Compliance Officer(s), delegations of compliance responsibilities bank wide, and if appropriate, Compliance Committee, and recommended review schedules to be followed as part of the institution’s monitoring program.


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Recent Insight

Regulatory Bulletin: August 2017

August 21st, 2017 by rfriedman