Association of International Bank Auditors

June 13, 2013

AGENDA

• OCC Priorities on Large Banks (LB) and Federal Branches– Heightened Expectations– BSA/AML

• Other Key Supervisory Priorities

2

Heightened Expectations for LBs

• Board Credible Challenge

• Talent Management

• Risk Appetite*

• Strong Risk Management*

• Strong Audit Function*

• Sanctity of the National Bank Charter

3*Applicable to certain Federal Branches

Strong Internal Audit - Hindrances

• Audit Effectiveness

• Talent Gaps

• Timeframe for build out of new processes and practices

4

Bank Secrecy Act/Anti-Money Laundering

• Consideration of BSA/AML Examination Findings in ROCA and OCC’s Risk Assessment System

• Matters Requiring Attention (MRA) Trending up

• Internal Controls and Independent Testing

5

Discussion

Questions/Feedback?

6