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CRCM: American Bankers Association Certified Regulatory Compliance Manager

Author: Anna Daly
by Anna Daly
Posted: Jul 23, 2014

The CRCM (American Bankers Association Certified Regulatory Compliance Manager) test consists of 200 multiple-choice questions. You’ll incline four hours in which to complete the test. Help from calculators and different instrumentality isn't allowed. A test development team endlessly creates new queries for thought. The acceptable board members review every question for connation, content and issue.

ICB employs psychometricians to confirm that every question is complete, honest and measures solely the specified information areas. Additionally, the psychometricians together with the board members make sure the exam's validity. A matter isn't thought-about for inclusion till one, right, clear answer has been known, all cultural, geographical or structure biases are removed and details associated with trivialities are eliminated.

Some queries contain graphics or case studies that you want to review and resolve. Many queries could also be supported one piece of knowledge. Some queries could contain a superlative (i.e. MOST), a dyslogistic (i.e. LEAST), or a negative (i.e. NOT) to recreate some sorts of selections that you just could confront.

Outline &Information Areas

The CRCM (American Bankers Association Certified regulatory Compliance Manager) board has determined that a competent compliance professional's experience includes the subsequent data areas. Please review the CRCM test defines for additional specifics.

  • Credit
  • Deposits
  • Bank Operations
  • BSA/AML/OFAC
  • CRA
  • Privacy

The ICB certifications are supported U.S. laws and rules and are thus not offered outside the U.S. you want to meet the subsequent conditions so as to qualify to require the CRCM certification examination.

Professional Expertise & Education

  • A minimum of three (3) years of U.S. expertise as a compliance skilled with primary responsibility for the complete vary of compliance functions is needed. Compliance functions embrace (but don't seem to be restricted to) acting compliance reviews and your ability to manage acceptable methods to assist the bank adjust to U.S. federal laws and regulations; AND
  • A minimum of 80 hours of compliance-related coaching among the last five (5) years

Scores are processed and communicated by email among four to 6 weeks of the test date. All scores are unbroken confidential and solely you may be told of your score. You want to sign associate Examination Score un-harness type to authorize a 3rd party to receive your score results.

All ICB exams are electronically scored mistreatment advanced ways of applied math analysis. Scores are recorded supported a "Pass/Fail" system. The informative boards confirm the exam's pass/fail normal employing a criterion-referenced methodology, that defines the performance normal and degree of problem for every item. Your score is predicated on your personal performance measured against these standards, not supported a composite "grade curve" for a bunch or date. All queries for associate test square measure scored double by pc. Throughout the marking method, a range of electronic and manual quality control is conducted to confirm accuracy.

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Author: Anna Daly

Anna Daly

Member since: Jul 17, 2014
Published articles: 35

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