Policy template · version 1
Compliance Monitoring & Testing
Prove that your controls work on real activity, not just on paper. Continuous monitoring catches exceptions as they happen; periodic sample-based testing shows examiners and the sponsor bank that each control operated during the period.
What’s in this policy13 sections · Compliance Monitoring & Testing · Read the full policy
9Obligations · things you must do
13Evidence · records that prove it
4Monitoring · checks and deadlines
2Reporting · reports you must send
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Every obligation in this policy, in one request.
What the policy requires
Keep a control inventory organized by risk area
Prepare for review
Sample real transactions against the controls every month
Prepare for review
Run the quarterly testing battery
Prepare for review
Run the semi-annual tests and a population-level lookback
Prepare for review
Report monitoring and testing results to the CEO each quarter
Prepare for review
Report to the board annually and review the program
Specialist-led
Support the sponsor bank’s own monitoring and reviews
Specialist-led