Bank Compliance Testing: Policing the Market

Description:

Set against the turbulent backdrop of economic hardship, Thomas Whiftord offers a detailed and apropos lecture on bank compliance testing.   Whitford identifies the three major contexts of testing – Enterprise Risk Management, Operational Risk, and Compliance Program Management, and provides comprehensive strategies for working within them.  Balancing the importance of establishing a clear testing plan with the still greater concern of how to measure the results, Whitford ‘s lecture equips attorneys with all the tools they need to ensure compliance within the market.  In Whitford’s words, compliance testing "is vital to protecting our financial system from risks that are both known, and those that are unknown.”   The program concludes with an informative Q & A from Lawline producer Meredith Ganzman.  

Agenda:
I.    Enterprise Risk Management
II.   Operational Risk
III.  Compliance Program Management
IV.  Principles for Structuring a Testing Program
V.   Sample Tests
 

Lecturers:

• Thomas Whitford

Thomas Whitford

Tom Whitford is a compliance attorney with over 19 years experience as a consumer advocate at DC37 Legal Services, senior examiner with the Federal Reserve Bank of New York, Director of North American Compliance Testing with Citigroup Corporate and Investment Bank and an independent anti-money laundering investigator and compliance consultant for numerous banks across the country.

Tom graduated from CUNY Law School at Queens College in 1989 began his career with District Council 37 Municipal Employees Legal Services as a consumer debt and bankruptcy attorney, where he represented clients in civil court in all five New York City counties and also appeared before the Southern and Eastern District Bankruptcy Courts from 1990-1993.  After obtaining a Master's in Public Administration from Columbia University's School of International and Public Affairs in 1995, Tom joined the Federal Reserve Bank of New York, working as a Senior Examiner and a Policy Analyst.  Tom examined large complex banking organizations for compliance with consumer regulations such as Regulation B, Regulation Z and the Community Reinvestment Act.  He also worked as a Policy Analyst on electronic banking and Basel II issues and contributed to papers published by the Bank for International Settlements on Risk Management. Tom practiced law as a solo practitioner from 2002-2005 when he joined the Citigroup Corporate and Investment Bank as the Bank Testing Team Leader in June 2005, becoming Director of North American Testing in 2006, leading a team responsible for planning and testing controls with bank and broker dealer compliance regulations. Since June 2007, Tom has worked as an independent consultant on anti-money laundering investigations and compliance matters, working at banks such as American Express, Ocean Bank, Washington Mutual, and Goldman Sachs.  Tom has been admitted to practice in New York and Connecticut since 1990.  
 

Tom can be contacted by e-mail at:

thomas.whitford@gmail.com

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Bank Compliance Testing: Policing the Market