Importance of bank compliance Importance of bank compliance

First, the importance of bank compliance

Bank compliance not only means to play the role of cohesion, standardization, internal guidance and supervision, but also means to strengthen the capacity building of corporate culture, promote cultural compliance and form correct rules and regulations. The above is the importance of bank compliance.

Strengthen the awareness of compliance management

In the increasingly fierce competition in the banking industry, people will clearly realize that only more thoughtful, faster and more patient quality services can win more customers and better social image. Faced with different levels of customers and things every day, this requires staff to have a high ideological awareness. The establishment of various rules and regulations is not a product of imagination, but a summary of many practical experiences and lessons. Sometimes, you may feel that some rules and regulations restrict business processing and business development. Only by working according to various rules and regulations can we protect individuals. This paper mainly writes about the importance of bank compliance and related knowledge points, and the content is for reference only.

Second, what is the importance of bank compliance?

The importance of bank compliance is to combine compliance management with the career development and daily economic cooperation of all employees to form an institutional arrangement.

1. The essence of bank compliance work is to do a good job in the people-oriented concept of compliance management, and to carry out continuous publicity, education and guidance, so that employees can realize the importance of compliance management ideologically, accept the concept of compliance, turn passivity into initiative, and whether compliance management can reach a higher level healthily. Therefore, publicity and education is particularly important and should run through the whole process of compliance management. Banks should carry out compliance publicity and discussion activities to form a normalization mechanism for compliance publicity and education.

2. Our compliance work needs to adopt different methods according to different targets and adhere to the "four essentials" of compliance education. The first is compliance publicity and education. Guide them to comply with laws and regulations from the first day of employment and stick to the bottom line of compliance. Cadres and workers should be publicized in the process of appointment, transfer and promotion. Establish a correct outlook on life and values through training

Inspection found violations, to declare violations. Through the analysis of violations, it is particularly important to tell the harm and lessons with violations, urge employees to analyze and rectify violations and promote compliance.

3. The most intuitive tendency and illegal tendency in the operation and management of banking enterprises, and strive to deeply analyze problems, cultivate culture and develop scientifically from the height of enterprise operation and compliance management. Adhere to the system of cadre reporting, compliance and compliance commitment, and organize employees to sign the Compliance Commitment.

Bank compliance management refers to the collective cooperative behavior of managers to ensure that all organizations and personnel comply with external laws and regulations, other mandatory norms and internal rules and regulations while observing all elements of the organization, so as to effectively achieve the organizational compliance objectives. The goal of bank compliance management is to achieve the bank's compliance goal, and its basic laws, regulations, policies and standards are controlled together to ensure the bank's greatest interests.

3. What does the Risk Compliance Department of a bank do?

Compliance Department is the functional department responsible for supervision and inspection of compliance, credit management, identification and revocation of approval responsibilities. Undertake the responsibilities corresponding to the Compliance Department of the Head Office.

The main responsibilities of the Compliance Department of the Bank are:

1. Be responsible for the organization and management of the bank's business operations within the scope of the Compliance Department.

2. Responsible for the daily affairs of the Compliance Committee.

3. Be responsible for drafting the long-term strategic plan and annual plan of the whole bank within the responsibility of the Compliance Department, drafting the implementation plan according to the relevant policies and regulations of the Head Office, and organizing and supervising the implementation.

4. Be responsible for supervising and inspecting the Bank's implementation of the Party's line, principles and policies, observing and correctly implementing relevant national laws and regulations and major decisions and rules and regulations of the Head Office, and ensuring that the Bank's operation and management are legal and compliant.

5. Be responsible for supervising and inspecting the implementation of laws, regulations and rules in the operation and management activities of the whole bank.

6. Be responsible for organizing compliance publicity and education for employees of the whole bank.

7. Be responsible for verifying and confirming violations of laws and regulations, putting forward handling opinions to relevant personnel and units according to the authority, and reporting major legal compliance defects in a timely manner.

8. Be responsible for managing the anti-terrorism work of the whole bank, and take the lead in organizing the monitoring, coordination and management of anti-terrorism and anti-drug related accounts.

9. Formulate the implementation plan according to the credit management and approval responsibility identification system of the Head Office, and take the lead in organizing the responsibility identification.

10. Formulate and improve the risk internal control system for business operation and management of the whole bank within the scope of responsibilities of the department and organize its implementation under the risk management framework of the whole bank.

1 1. Responsible for collecting, sorting out and analyzing information related to the responsibilities of the department, supporting the management information system and providing relevant information to all departments of the Bank.

12, responsible for the guidance, inspection and supervision of relevant work of the whole bank within the scope of responsibilities of the department, and organizing business exchanges, personnel training and quarterly and annual performance appraisal of the department.

13. Take the lead in organizing the specific work of related party transaction management and be responsible for the business support of the related party transaction control committee of the board of directors.

4. Compliance is not only the responsibility of the compliance management department, but also the responsibility of WHO.

The monitoring department that specializes in checking the business processing of other departments is also the department that specializes in checking the errors of other business departments.

Compliance management refers to an independent mechanism responsible for identifying, evaluating, consulting, monitoring and reporting compliance risks of banks. Compliance risk includes the risk of being sanctioned by laws and regulations, financial or reputation loss due to failure to comply with relevant laws, regulations, codes of conduct and good professional standards (collectively referred to as "laws, norms and standards"). Relevant laws, norms and standards mainly refer to the provisions related to the commercial operation of banks, including prevention and financing, business ethics (such as avoiding or reducing conflicts of interest), protection of privacy and data security (of customers), and consumer credit (if banks engage in consumer credit business). It can also involve other fields besides the commercial activities of the bank, such as employee employment, tax payment according to law, etc., depending on the trust scope adopted by the regulatory agency or the bank itself. The above provisions come from a wide range of sources, including various basic laws, regulations and standards formulated by regulatory agencies, market practices, professional rules advocated by trade associations, internal codes of conduct that bank employees should abide by, and so on. They are not limited to legally binding provisions, but also include broader norms involving honesty and fair trade.

According to the framework of internal control system of banking institutions, compliance goal is one of the three major goals in the process of internal control of banks. In view of the particularity of banking activities, in order to protect the privilege and reputation of banks, it is necessary to ensure that all banking businesses comply with relevant laws and regulations, meet the requirements of regulatory authorities, and abide by the relevant policies and procedures of banking institutions. Compliance is extremely important for the sustained and steady operation of banks, and bank regulators are paying more and more attention to the compliance management of banks. Compliance management is essentially a bank management activity defined according to the bank's compliance objectives. The first is the management of bank organizations, which is the process of managing organizational compliance risks, and it should be reflected in the whole process of bank management, covering all aspects of commercial banking business.