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Complaints Programs: Why They Are a Key Risk Mitigant for Your Institution

Wednesday, July 17th, 2024 10:00 am - 11:30 am Central Time

A BankWebinars.com Program

Click Here to register for program $299.00

Click Here to register for program and receive recording $449.00


Complaint management focuses on resolving customer grievances, identifying areas of improvement, and developing better products or services. The training your employees receive is imperative for the success of both your customer support and customer service departments.

Complaint management is an essential component of your Compliance Management System (CMS) and is handled by your customer service operations. For this reason, your employees are vital, as addressing customer complaints about products or customer service can be tricky for even the most seasoned employees.

A strong complaints program is not only a means to gather valuable customer insight, but it helps your institution understand risk and make improvements. This should not only lead to strong programs, and protection from reputation risk and regulatory fines, but also increased profitability, and increased customer satisfaction.


What You'll Learn
  • Timing
  • Staffing
  • Training Resources
  • 7 Key Components to a Successful Complaint Management Program
  • Policies and Procedures
  • Clear Channels of Communication
  • Investigation Process – including how the institution records the complaint
  • Written Response
  • Corrective Action
  • Tracking, Trending, Analyzing, and Retaining Data
  • Employee Education

Instructors

Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC, and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation.