Eligibility Requirements for the CRCM

To earn the Certified Regulatory Compliance Manager (CRCM) designation, candidates must:

• Meet the eligibility requirements;
• Submit completed application and fees for desired exam date;
• Pass the CRCM examination.

Requirements

You must meet the following eligibility requirements by the time that you take the exam. ABA will accept your application with education/training that is scheduled to be completed by your exam date.

ABA certifications are based on U.S. laws and regulations and are therefore not offered outside the U.S. Candidates must have U.S.-based experience to satisfy the experience requirement.

Compliance experience must be directly related to the U.S. consumer banking laws and regulations on the CRCM Examination Outline. Compliance experience in other un-related industries would not qualify towards the experience requirement.

Experience Tiers

The educational requirements to qualify for certification vary on the number of years of experience you have in the field.

Professional Experience

A compliance manager's responsibilities generally include direct compliance risk program management and/or validation of compliance risk control effectiveness. To satisfy the Professional Experience requirement, primary responsibility for the full range of compliance risk functions is required. Compliance risk functions include, but are not limited to:

• Performing compliance risk assessments, analysis of data, audits or examinations, or
• Developing, implementing, and/or managing all aspects of a compliance risk management program to ensure compliance with U.S. federal laws and regulations.

These jobs are typically found within corporate compliance, legal, audit departments (internal or external), Regulatory Agencies, or dedicated compliance practices within consulting firms. Job responsibilities must be primarily focused on compliance risk management:

• Program design, implementation and oversight,
• Consultation as a subject-matter expert,
• Administration, enforcement or audit of compliance-related policies, procedures and processes to manage compliance risk, and/or
• Examination of a bank's compliance program, and/or
• Analysis of data and validation of results for compliance-related risk identification and issue escalation

Please note: The execution of operational business processes incorporating compliance risk controls is not a function or duty generally performed by a compliance manager as a normal and customary job responsibility and thus does not qualify towards meeting the experience requirement. Eligible experience must include a primary role managing compliance risk.

Training Credit Options

Credits may be obtained by attending conferences, seminars, and compliance schools or participating in online training and webinars that are directly related to the laws and regulations on the CRCM Examination Outline. Training can be sponsored by the ABA, your employer or an outside training provider.

The following are examples of training that counts toward the 30 credits of compliance-related training option. Credits may vary depending on the year you completed one of the ABA events.

• ABA Compliance School - Advanced (40 credits)
• ABA Regulatory Compliance Conference (25 credits)
• ABA Financial Crimes Enforcement Conference (25 credits)
• ABA Training Courses
• State Bankers Association Regulatory Compliance Schools and Training

Ethics Statement

Each candidate must sign ABA Professional Certifications' Code of Ethics statement. Please note: you must furnish all pertinent information about any convictions or pleas of nolo contendere on the grounds of fraud, embezzlement, unfair or deceptive practices, securities law violations, misappropriation of property, fraudulent conversions or any civil or administrative action from which you have been previously found liable.