As a Banking training expert, I understand the importance of passing the Certified Regulatory Compliance Manager (CRCM) exam. The CRCM exam is a certification exam designed to test a candidate's knowledge and understanding of regulatory compliance management in the banking industry. Passing the CRCM exam is an essential step towards advancing your career in regulatory compliance management.
Exam Objectives:
- Compliance Management Systems
- Regulatory Framework
- Compliance Risk Assessments
- Compliance Monitoring and Testing
- Compliance Auditing
- Compliance Investigations
- Consumer Protection
- BSA/AML and OFAC Compliance
- Corporate Governance
- Information Security and Data Privacy
The CRCM exam is intended for individuals who work in regulatory compliance management in the banking industry. The exam is designed to test a candidate's knowledge and understanding of regulatory compliance management in the banking industry. Candidates who pass the CRCM exam demonstrate that they possess the knowledge and skills required to effectively manage regulatory compliance risks in a banking organization.
To be eligible to take the CRCM exam, candidates must have a minimum of three years of experience in a compliance role in a banking organization. Candidates must also have completed a minimum of 40 hours of continuing education in compliance-related topics within the past two years.
Related Books:
- Compliance Management for Financial Institutions: A Guide to Building and Maintaining an Effective Compliance Program by John J. Byrne
- Regulatory Compliance for Banks: A Guide to Building and Managing Programs by James T. Hackett and Robert B. Hirth Jr.
- BSA/AML Risk Assessment: A Guide to Building an Effective Program by John J. Byrne
- The Handbook of Corporate Governance: A Comprehensive Guide for Public, Private, and Not-for-Profit Boards by Richard Leblanc
- The Data Warehouse Toolkit: The Definitive Guide to Dimensional Modeling by Ralph Kimball and Margy Ross
Exam Details:
The CRCM exam is a computer-based exam that is administered by the American Bankers Association (ABA). The exam consists of 200 multiple-choice questions that must be completed within four hours. The passing score for the CRCM exam is 75%.
The cost of the CRCM exam varies depending on whether the candidate is a member of the ABA or not. The exam fee for ABA members is $475, while the exam fee for non-members is $650.
The CRCM exam is delivered at Pearson VUE test centers located throughout the United States. Candidates can schedule their exam date and location through the Pearson VUE website.
In conclusion, passing the CRCM exam is an important step towards advancing your career in regulatory compliance management in the banking industry. To pass the exam, candidates should ensure that they have a solid understanding of the exam objectives and prepare thoroughly by using the related books and other study materials available. With proper preparation and a solid understanding of regulatory compliance management, candidates can pass the CRCM exam and demonstrate their expertise in the field.