June 26, 2017 8:39 am

By Cody Roberts, CRCM


A bank compliance officer hears many things in the bank–many of which contain expletives. In this role, there are a few things you almost never hear (but wish you did).

  • Loan officers asking you for a regulatory clarification on “creative financing” prior to closing.
  • Employees thanking you for training on the new law that will completely change their roles in the bank.
  • A board member thanks you for protecting the bank from regulatory criticism and/or penalties.
  • The bank president tells you that since you have so many hats to wear, they are “giving this one” to someone else.
  • Marketing wants you to sit in on their planning sessions to help them make sure they stay compliant before the big product roll-out.
  • I love BSA! (may substitute TRID or HMDA for BSA)
  • Anything I can do to help with the exam?
  • Let’s shoot for a “1” on our next compliance exam.
  • I filled out the hold form just like you said to.
  • I wish I had your job!
  • What an interesting acronym—what does it mean?
  • Good news, we’re increasing your budget, so go out and buy all the compliance software you need.
  • I understand.
  • I don’t understand.

And last but not least: Due to your hard work, you’re getting a raise!

ABS is here to assist with your compliance needs! Contact us at (405) 607-7000.