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How to Reduce the Cost of Compliance
Presented by:
Vice President, Compliance and Regulatory Content Strategy

As banks seek out ways to reduce costs, rising compliance costs are front and center. What can your financial institution do to keep compliance costs under control? Join us as we break down the costs of compliance and offer sustainable solutions for reducing the cost of compliance at your bank. We’ll show you how to uncover savings by:

• Assessing staff costs and needs
• Identifying redundancies within and outside the compliance department
• Reimagining processes to increase efficiency
• Highlighting the cost of noncompliance
• Reducing training and reporting costs
• Integrating compliance with other risk management functions
• Adding strategic value to the compliance function
• Effectively outsourcing compliance functions The compliance environment is increasingly complex, but your compliance costs don’t have to soar. Learn how to protect your bank from rising compliance costs and maximize ROI on compliance expenditures with this informative session

Ms. Lyon directs Ncontracts’ compliance, risk and audit products including the development of model content. Prior to joining Ncontracts, she was a senior compliance counsel at NAFCU where she advised hundreds of financial institutions on compliance-related topics.

Ms. Lyon serves as faculty member for Compliance, Risk and Bank Secrecy schools and seminars around the country and is a frequent author on compliance and risk management topics. She got her start in the industry by serving in key roles at financial institutions in risk management, compliance and operations, and is serving as an Advisory Board Member for the George Washington University Credit Union Initiative. Ms. Lyon received her J.D. at the George Washington University Law School.

Aug 18, 2021 10:00 AM in Eastern Time (US and Canada)

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