Banking Regulatory Compliance Project Template

Banking Regulatory Compliance Project in Priority Matrix

Ensure your bank meets all regulatory requirements and avoids penalties with this comprehensive compliance tracking template.

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Proposed Tasks

Critical Compliance Tasks

• Task 7: Liaise with Regulatory Authorities - ongoing task
  ☐ Establish contact with regulatory authorities ☐ Maintain regular communication
• Task 1: Review Current Compliance Status - due in 1 week
  ☐ Identify current compliance gaps ☐ Analyze recent audit reports ☐ Prepare a report on current compliance status
• Task 2: Update Compliance Policies - due in 2 weeks
  ☐ Review existing compliance policies ☐ Update policies to meet current regulations ☐ Publish updated policies
• Task 10: Review and Update Compliance Procedures - due in 2 months
  ☐ Review existing procedures ☐ Update procedures to ensure compliance ☐ Communicate updated procedures to staff
• Task 13: Update Compliance Manual - due in 3 months
  ☐ Review existing compliance manual ☐ Update the manual to reflect current regulations
• Task 20: Prepare for Regulatory Inspections - due in 3 months
  ☐ Identify potential areas of inspection ☐ Prepare necessary documents and processes
• Task 17: Prepare for External Audits - due in 4 months
  ☐ Identify areas that require external audits ☐ Prepare for the audits

Long-term Compliance Strategy

• Task 15: Monitor Compliance Performance - ongoing task
  ☐ Develop performance indicators ☐ Regularly monitor and report on performance
• Task 9: Develop Compliance Reporting Mechanism - due in 1 month
  ☐ Identify reporting requirements ☐ Develop a reporting template ☐ Implement the reporting mechanism
• Task 18: Review Compliance Budget - due in 1 month
  ☐ Review current budget ☐ Identify any budgetary constraints ☐ Adjust budget as necessary
• Task 3: Develop Compliance Tracking System - due in 3 months
  ☐ Identify requirements for a compliance tracking system ☐ Develop or procure the system ☐ Implement the system
• Task 8: Compliance Risk Assessment - due in 4 months
  ☐ Identify potential compliance risks ☐ Assess the impact and likelihood of risks ☐ Develop a risk mitigation plan

Routine Compliance Checks

• Task 12: Regularly Review Regulatory Changes - ongoing task
  ☐ Monitor regulatory changes ☐ Update compliance tasks as necessary
• Task 6: Regularly Update Compliance Register - ongoing task
  ☐ Maintain a register of all compliance tasks ☐ Regularly update the register
• Task 19: Develop a Compliance Calendar - due in 2 weeks
  ☐ Identify key compliance dates ☐ Develop a compliance calendar ☐ Share the calendar with relevant teams
• Task 4: Schedule Regular Compliance Audits - due in 1 month
  ☐ Identify areas that require regular audits ☐ Prepare an audit schedule ☐ Communicate the schedule to relevant teams
• Task 16: Conduct Compliance Surveys - due in 6 months
  ☐ Develop a compliance survey ☐ Conduct the survey ☐ Analyze survey results

Compliance Training & Awareness

• Task 14: Compliance Briefings for Senior Management - due in 1 month
  ☐ Prepare a compliance briefing ☐ Present the briefing to senior management
• Task 5: Compliance Training for Employees - due in 2 months
  ☐ Identify training needs ☐ Develop training materials ☐ Conduct training sessions
• Task 11: Compliance Awareness Campaign - due in 3 months
  ☐ Plan a compliance awareness campaign ☐ Execute the campaign