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Certified Regulatory Compliance Manager (CRCM)
About CRCM | Apply | Exam Information | Exam Outline | Benefits | Maintain Certification | Advisory Board
About the CRCM
The Certified Regulatory Compliance Manager certification is designed to:
- Establish a recognized standard of knowledge and competence for regulatory compliance professionals working in the financial services industry
- Formally recognize those who meet these standards
- Provide employers with a tool to identify skilled, knowledgeable professionals
- Support the benefits of professional continuing education and development
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Knowledge areas
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Who should pursue it
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Eligibility requirements
You must meet the following prerequisites in order to qualify to take the CRCM certification examination:
1. Professional Experience & Education
- A minimum of three (3) years of experience as a compliance professional with primary responsibility for the full range of compliance functions is required. Compliance functions include (but are not limited to) performing compliance reviews and your ability to manage appropriate strategies to help the bank comply with federal laws and regulations; AND
- A minimum of 80 hours of ICB-approved compliance-related training within the last five (5) years
ICB-approved educational programs in regulatory compliance
The following regulatory compliance training programs have been approved by ICB. These programs will count toward the 80 hours of required ICB-approved compliance-related training:
- ABA National Compliance School (62 hours)
- ABA Intermediate Compliance School (23.75 hours)
- ABA Graduate School of Compliance Management (24 hours)
- ABA Online Review Course for the CRCM Examination (30 hours)*
- ABA Reference Guide to Regulatory Compliance, (30 hours)*
- American Institute of Banking (AIB) Courses
- State Bankers Association Regulatory Compliance Schools and Training
*Approved training includes, but is not limited to industry conferences and schools, in-house training, and similar training programs. To calculate training hours, add the total instruction hours received minus meals and/or break times. This information must be documented on the CRCM certification application.
*Candidates may only report a maximum of 30 hours for reviewing the ABA Reference Guide to Regulatory Compliance and/or completing the ABA Online Review Course for the CRCM Exam.
2. Professional Reference
Effective December 2011, only one letter of recommendation is required from a senior official (i.e., CEO, president, department head, etc.) at your organization attesting to your qualifications for certification including your compliance experience as well as your ethical character. The letter must be signed and on corporate letterhead.
3. Ethics Statement
Each candidate must sign ICB's Professional 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 conversations or any civil or administrative action from which you have been previously found liable.
4. Application
You must complete and submit the application. You are required to meet the eligibility requirements in place at the time that you submit your application.
Maintenance requirements
To maintain your CRCM in good standing, you must adhere to ICB's Professional Code of Ethics, pay an annual fee, and complete 60 credits of continuing education every three years.
Fees
| Examination Fees* | Membership Fees** | ||
| Application and Exam Fee | $550 | Annual Membership Fee | $199 |
| Exam Retake Fee | $225 | Multiple Certification Discount | $350 (2 certs) $450 (3 or more) |
| Exam Withdrawal Fee | $125 | ||
* Exam Fee is 100% refundable upon written request prior to the published withdrawal deadline. A $125 withdrawal fee is assessed if a candidate cancels or withdraws after the published withdrawal deadline from a scheduled exam date for which the candidate is registered. However, requests for withdrawal received on or less than seven (7) business days prior to the exam date will not be honored and the entire exam fee will be forfeited. ICB will consider waiving the forfeiture fee in case of a medical emergency. Your request for such a waiver must be made in writing and supported by documentation from a physician, which clearly states that you are unable to appear for the exam due to personal or immediate family medical issues. Requests will be reviewed on a case-by-case basis.
**Membership Fee is assessed annually every year after certification has been granted.
Benefits and services
- Free subscription to ABA Bank Compliance magazine (bimonthly, 6 issues per year)
- Free subscription to ABA Bank Compliance Newsletter (monthly, delivered electronically)
- ICB Certified Banker newsletter (bimonthly, delivered electronically)
Click here for more information about CRCM benefits.
Free Frontline Compliance Training
ABA member banks, sign up now to take advantage of ABA Frontline Compliance: free online courses plus all the functionality of our Learning Management System (LMS). This program will save your bank thousands of dollars in training expenses, manage enrollment and tracking of compliance training and simplify reporting.
Questions? Please contact icb@aba.com for more information.
