1. Home
  2. American Bankers Association
  3. CRCM Exam Syllabus

American Bankers Association CRCM Exam Syllabus

American Bankers Association CRCM Exam

Certified Regulatory Compliance Manager

Total Questions: 463

What is Included in the American Bankers Association CRCM Exam?

Authentic information about the syllabus and an effective study guide is essential to go through the American Bankers Association CRCM exam in the first attempt. The study guide of Study4Exam provides you with comprehensive information about the syllabus of the American Bankers Association CRCM exam. You should get this information at the start of your preparation because it helps you make an effective study plan. We have designed this American Bankers Association Compliance and Risk Management certification exam preparation guide to give the exam overview, practice questions, practice test, prerequisites, and information about exam topics that help to go through the American Bankers Association Certified Regulatory Compliance Manager (2021) exam. We recommend you to the preparation material mentioned in this study guide to cover the entire American Bankers Association CRCM syllabus. Study4Exam offers 3 formats of American Bankers Association CRCM exam preparation material. Each format provides new practice questions in PDF format, web-based and desktop practice exams to get passing marks in the first attempt.

American Bankers Association CRCM Exam Overview :

Exam Name Certified Regulatory Compliance Manager
Exam Code CRCM
Actual Exam Duration 240 minutes
Expected no. of Questions in Actual Exam 200
Official Information https://www.aba.com/training-events/certifications/certified-regulatory-compliance-manager
See Expected Questions American Bankers Association CRCM Expected Questions in Actual Exam
Take Self-Assessment Use American Bankers Association CRCM Practice Test to Assess your preparation - Save Time and Reduce Chances of Failure

American Bankers Association CRCM Exam Topics :

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.

Updates in the American Bankers Association CRCM Exam Syllabus:

American Bankers Association CRCM exam questions and practice test are the best ways to get fully prepared. Study4exam's trusted preparation material consists of both practice questions and practice test. To pass the actual Compliance and Risk Management CRCM exam on the first attempt, you need to put in hard work on these American Bankers Association CRCM questions that provide updated information about the entire exam syllabus. Besides studying actual questions, you should take the American Bankers Association CRCM practice test for self-assessment and actual exam simulation. Revise actual exam questions and remove your mistakes with the Certified Regulatory Compliance Manager CRCM exam practice test. Online and windows-based formats of the CRCM exam practice test are available for self-assessment.