Wassup guys…I’m currently working in consulting for a Big 4 firm, focusing on regulatory inquiries related to consumer banking, specifically around UDAAP and other laws. I’ve also supported compliance through technology for non-banking clients.
I’m looking into getting the CRCM credential to strengthen my position in banking, compliance, and regulatory work. However, I’m stumbling over the experience requirements, as it seems like they want candidates to have held formal compliance officer roles, which I haven’t.
Can anyone offer guidance? Is it impossible for me to pursue the CRCM, or are there ways I can showcase relevant experience from my consulting role? Are there other credentials I could consider that might be more aligned with my background?
The CRCM designation not only benefits your career but also validates your dedication to compliance excellence. It’s a valuable credential that sets the standard for expertise in the banking compliance field. Good luck!
It is a respected certification in banking compliance, but the experience requirements are quite specific. You generally need six years in compliance roles or three years plus two ABA compliance trainings. Experience should include key compliance functions like risk assessments or audits.
With your consulting background, you might not have held a formal compliance officer role, but you can still showcase relevant experience. Focus on your work with regulatory inquiries and compliance support, and consider extra ABA training to boost your credentials. Networking with CRCM professionals can also be helpful.
You might showcase your consulting experience in regulatory inquiries for CRCM. Alternatively, consider certifications like CCEP or CAMS, which could align with your background.
