American Bankers Association CRCM Exam Syllabus
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Before starting your CRCM exam preparation, it is recommended to review the complete American Bankers Association Certified Regulatory Compliance Manager exam syllabus and carefully go through the exam objectives listed below. Once you understand the exam structure and objectives, you should practice using our free CRCM questions. We also provide premium CRCM practice test, fully updated according to the latest exam objectives, to help you accurately assess your preparedness for the actual exam.
American Bankers Association CRCM Exam Objectives
| Section | Weight | Objectives |
|---|---|---|
| Domain 1: Assessment and Management of Compliance Risk | 28% | Task 1: Act as a compliance subject matter expert on projects and committees. Task 2: Evaluate development of, or changes to, products, services, processes, and systems to determine compliance risk and impacts and ensure policies remain compliant. Task 3: Provide compliance support to internal and external parties (e.g., answer questions, review marketing and external communications, conduct research and analysis). Task 4: Review and/or provide compliance training to applicable parties. Task 5: Participate in conducting due diligence for vendors. Task 6: Design and maintain a comprehensive compliance risk assessment program to identify and mitigate risk within the organization’s risk appetite. Task 7: Conduct compliance risk assessments in accordance with the risk assessment program to evaluate relevant information (e.g., inherent risk, control environment, residual risk, potential for consumer harm) and communicate results to applicable parties. |
| Domain 2: Compliance Monitoring | 25% | Task 1: Define the scope of a specific monitoring or testing activity. Task 2: Test compliance policies, procedures, controls, and transactions against regulatory requirements to identify risks and potential exceptions. Task 3: Review and confirm potential exceptions, findings, and recommendations with business units and issue final report to senior management. Task 4: Validate that any required remediation was completed accurately and within required timelines. Task 5: Administer a complaint management program. Task 6: Review first line compliance monitoring results and develop an action plan as needed. Task 7: Evaluate the reliability of systems of record and the validity of data within those systems that are used for compliance monitoring. |
| Domain 3: Governance and Oversight | 10% | Task 1: Establish and maintain a compliance management policy to set expectations for board, senior management, and business unit responsibilities. Task 2: Develop, conduct, and track enterprise-wide and/or job-specific compliance training. Task 3: Conduct periodic reviews of the compliance management program to evaluate its effectiveness and communicate results to appropriate parties. |
| Domain 4: Regulatory Change Management | 15% | Task 1: Monitor and evaluate applicable regulatory agency notifications for new compliance regulations or changes to existing regulations to assess potential regulatory impacts and remediation needs. Task 2: Assess new, revised, or proposed regulatory changes for compliance impacts, communicate to the appropriate parties, and develop action plans as needed. Task 3: Assess regulatory guidance and compliance enforcement actions to determine if remediation is required to address potential compliance impacts. Task 4: Report on the status of regulatory changes and implementation to appropriate parties. Task 5: Monitor and validate action plans for confirmed regulatory impacts to ensure timely adherence to the mandatory compliance date. |
| Domain 5: Regulator and Auditor Compliance Management | 11% | Task 1: Prepare and review requested audit/exam materials to ensure timely and accurate fulfillment and self-identify potential areas of concern. Task 2: Participate in audit/exam meetings to provide business overviews, address questions, discuss findings, or provide updates to appropriate parties. Task 3: Review and draft responses to audit/exam results and ensure action plans are developed and communicated to appropriate parties. Task 4: Report on action plan status to appropriate levels of management and auditors/examiners. Task 5: Coordinate and submit ongoing regulatory reports to auditors/examiners. |
| Domain 6: Compliance Analysis and Internal/External Reporting) | 11% | Task 1: Analyze and validate data to support regulatory reporting and ensure accuracy and comprehensiveness. Task 2: Complete required reporting, ensure timely submission to the appropriate agency, and resubmit when required. Task 3: Develop, implement, and monitor a plan of action to prevent future reporting errors or breakdowns. |
| Official Information | https://www.aba.com/training-events/certifications/certified-regulatory-compliance-manager |
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