Compliance is a Team Effort: Training the Next Generation

Hey, guess what? I just had the coolest conversation for our podcast, “The Ncast.” I'm Guy Weismantel, and seriously, you're not going to believe the insight we've got lined up. So, picture this – I'm chatting with Scott Daugherty, the President and General Counsel at Bankers Alive. You know, the guy who's like the compliance wizard? Yeah, that's him.

Anyway, we're talking about compliance examinations, and trust me, Scott dropped some serious wisdom. He's all about how financial institutions can bridge the knowledge gap, especially when they're facing those intense compliance questions, or they've got examiners poking around. Scott's got these smart ideas – tapping into retiring experts as consultants, partnering up with state banking associations, and leveraging outside resources to get those immediate answers. I mean, who knew, right?

But that's not all, my friend. Scott spills the beans on what's buzzing in the compliance world right now. Think PPP aftermath, capital spikes, audit oversight – it's like a compliance rollercoaster, and Scott's your guide through it all. Oh, and don't get me started on fintech. He breaks down how banks are wrestling with this fintech revolution, and how the pandemic has pushed them to embrace technology in some pretty unexpected ways. I mean, Zoom board meetings? Who saw that coming?

And here's the kicker – Scott's got some seriously solid advice for the new generation of compliance officers. He's talking about state associations, networking, and even a virtual compliance officer program that's like a lifeline for newcomers. Seriously, this episode is packed with gold nuggets of wisdom that anyone even remotely interested in compliance and risk management should not miss.

So, if you're into unraveling the mysteries of the financial world, staying ahead of compliance trends, and soaking in some expert guidance, you've got to hit that subscribe button on your podcast app. Trust me, Scott Daugherty just dropped some knowledge bombs that you're going to want to hear. Get ready for a seriously enlightening ride on "The Ncast. Catch you there!