Compensation Plateau Undeniably, we are in the age of the most rapid technological developments and evolutions in history. With this rapid succession of technological advancements that are revolutionizing virtually every industry, I.T. professionals are consistently in very high demand. As a result, compensation has always been fiercely competitive. While the average pay for an Information… Read more »
Posts Categorized: News
5 Virtues of a Successful Tax Senior
A Tax Senior is a dynamic, management position. It requires more than just industry knowledge and years of experience (though those are invaluable qualities). As a manager, liaison, and tax expert, a Tax Senior must possess several virtues to thrive in this vital role. Time-Management A Tax Senior is a role with a slew of… Read more »
What’s the Difference Between a Whistleblower and a Disgruntled Employee?
Knowing the difference between a whistleblower and a disgruntled employee is important. You’ll be better able to determine whether a company remains compliant with laws or willingly violates them to get ahead. Here are some tips on how a whistleblower differs from a disgruntled employee. Characteristics of Whistleblowers A whistleblower is typically a well-educated, strongly… Read more »
3 Ways Your Institution Can Mitigate Financial Crime Risk
The more effective your financial institution is at identifying and mitigating financial crime risk, the stronger your institution’s reputation and customer base. Follow these guidelines for reducing your institution’s risk of financial crime. Establish Corporate Culture It’s important your financial institution establish and enforce appropriate corporate culture that includes actively reducing financial crime risks. For… Read more »
Why Are Federal Agencies Asking for Comment on Potential Cyber Security Standards?
Although cyber attacks are increasing in frequency, there tend to be different ideas as to mitigating the risks. Find out what the government is doing to help lessen the threat of cyber attacks and how you can help. Starting Process Now Because a study performed by The Depository Trust & Clearing Corporation (DTCC) shows… Read more »
Are Banks Taking Swift for Granted?
In February 2016, financial messaging system Swift inadvertently let hackers steal $81 million from Bangladesh’s account at the Federal Reserve Bank of New York. As a result of this and other cyber attacks against Swift’s users, U.S. banking regulators are increasing their oversight of the Belgium-based company and the financial institutions it serves. Response to… Read more »
Is Your Financial Monitoring Sufficient?
It’s important you know that your financial monitoring systems are effectively fighting against financial crimes. Learn ways to spot and report suspicious behaviors and how to utilize technology in the fight against crime. Guidelines for Reporting Suspicious Behaviors According to the Bank Secrecy Act, known or suspected law violations or suspicious activities must be reported… Read more »
Being Humble Might Be Hurting Your Career
Although you may prefer showing up to work and quietly finishing your tasks, chances are you’re not helping your career move in the direction that you want by being humble. Here are some reasons why and how you can change people’s perceptions of you. You Become Invisible Being Humble Not speaking up about your accomplishments… Read more »
How Can You Display Contagious Leadership?
As a leader, how you react to things affects how your team will react to them, which is especially true in financial recruiting. Learn both the obvious and subtle ways your words and behaviors affect your staff and how you can improve the messages you send to them. What Your Actions Tell Your Team Certain… Read more »
Are You Ready for the Updated Member-Business Lending Rule
The updated Member-Business Lending Rule becomes effective January 1, 2017. Learn the details behind the member-business lending update and how they will impact your credit union’s extension of commercial loans to members. Summary of the Updated Member-Business Lending Rule The updated Member-Business Lending Rule gives credit unions more flexibility in deciding whether to extend commercial loans…. Read more »