AI and Compliance - Latest Developments

On Demand Course

Instructor: Rebekah Leonard

Duration: 2 HR

What You'll Learn

Compliance Officers are a special and talented bunch! We sift through volumes of information, learning myriad rules and facts, then apply those facts to solving complicated compliance questions and problems. AI / Machine Learning is doing much the same thing. Computing power is used to take tremendous amounts of data and apply it to problem solving or interpretation. How far will it go? How does it impact regulatory compliance? What does AI mean for compliance officers? Are we going to be replaced?! NO. Human thinking and reasoning is still superior (and principled, ethical, and honorable) to computer extrapolation, but AI and Machine Learning IS a new tool being harnessed to help us do our jobs more efficiently and effectively... or make things miserably unfair. Truly, it could go either way, so compliance professionals need to get up to speed on the quickly evolving landscape of Artificial Intelligence, how it can be used or abused, and what regulatory authorities currently have to say about it.

Topics covered in this course

What exactly is AI?
Types of AI

Machine Learning
Deep Learning
Generative AI
Large Language Models
AGI (Artificial General Intelligence)
Agentic AI

AI’s Role in Financial Institutions
Risks!

Information Security
Deepfakes
Privacy
Fair Lending
GIGO and BIBO

Garbage in / garbage out
Bias in / bias out

AI Hallucinations
Errors because no human is in the loop
Third Party Management

AI Governance
Current Regulatory Guidance

US Treasury releases AI resources
Public / Private partnership resources

Who Should Attend

Compliance officers
Operations managers
Loan managers
Risk managers
Audit staff

Accreditations

CPE/NASBA - QAS Self Study

Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539.

Please note: You must attend at least 50 minutes to obtain credit. Final CPE approval belongs with each state's regulatory board. Credit is based on a 50-minute credit hour.

For more detailed information about the course, including the outline, content, and objectives, please refer to the 'Description' tab on this webpage.

Field Of Study: Information Technology
Prerequisite: Basic knowledge of the banking industry, business, or law
Level of Knowledge: Intermediate
Advanced Preparation: None
Delivery Method: QAS Self Study

Requesting CE:
Upon completion of this course, please email creditrequest@nogginguru.com to obtain a CE certificate.

About the Author:

Rebekah Leonard

Rebekah is the owner of Elucidate LLC, a compliance training and consulting company. Elucidate means to "make clear, explain, throw light upon", and describes Rebekah's desire to illuminate the complexities of compliance with passion and fun. She's created and produced a TRID music video parody and several Compliance Breakout escape rooms, which she frequently provides at state banking compliance conferences. She is an accomplished speaker and regularly provides webinars through BOL and Compliance Resource. Rebekah is currently serving as the VP Director of Compliance for a $6 Billion community bank in Montana. She began her career in 1995 at a private lending company, but soon settled into banking, where she's covered nearly all of it - customer service and teller work, loan processing and review, and security and business continuity. She now oversees CRA, BSA and all aspects of compliance as a senior leader. She has successfully navigated numerous FDIC Compliance, CRA, and BSA Exams. Rebekah has a bachelor's degree in Organizational Leadership from Chapman University (Magna cum Laude), attended the American Bankers Association National Compliance School in 2003, and has held her Certified Regulatory Compliance Manager designation since 2006.

On-Demand Course