Certified Regulatory Compliance Manager FAQ
Candidates planning to appear for the Certified Regulatory Compliance Manager (CRCM) exam, must go through the Certified Regulatory Compliance Manager FAQ to gain a deeper insight into the exam and its requirements. This will help you align with the eligibility requirements for the exam.
Top Certified Regulatory Compliance Manager FAQ
Why does ABA use Computer-based testing?
Computer-based based testing offers test-takers favorable schedules to take the exam. Rather than taking the test on a fixed day and time, Computer-based based testing offers competitors to take the test at their convenience during a 30-day testing window.
Can I take the computer-based certification exam on my computer at home or at work?
No all the computer-based exams are only offered at Scantron Test Sites.
Where are the computer-based test sites?
The ABA computer-based examination are offered only at Scantron Test Sites across the United States of America, only.
What is the eligibility requirment to take the Certified Regulatory Compliance Manager (CRCM) exam?
- Candidates must have an experience as a Compliance Professional for at least Six (6) years. This experience is required to be within the last ten (10) years. three (3) years of which should be within the last five (5) years.
OR
- Candidates must have experience as a Compliance Professional for at least three (3) years AND must complete two compliance-related training options. These courses must, however, have been finished within the last five (5) years.
What are the training courses available to count as an eligibility requirement for the CRCM exam?
The available ABA Training course are –
- ABA Compliance School – Foundational
- ABA Compliance School – Intermediate
- ABA Certificate in Deposit Compliance and ABA Certificate in Lending Compliance
- ABA CRCM Exam Prep or CRCM Exam Online Prep
- ABA-led in-bank ABA CRCM Compliance School
- 30 Training credits (1 credit = 50 minutes)
What all training options are available to attain training credits to become eligible to take the CRCM exam?
Below mentioned are the training options counting towards the training credits for the CRCM exam –
- ABA Compliance School – Advanced (40 credits)
- ABA Regulatory Compliance Conference (25 credits)
- ABA Financial Crimes Enforcement Conference (25 credits)
- ABA Training Courses
- State Bankers Association Regulatory Compliance Schools and Training
What is the percentage distribution of each domain in the CRCM examination?
The percentage distribution of each domain is given below –
- Assessment and Management of Compliance Risk (28%)
- Compliance Monitoring (25%)
- Governance and Oversight (10%)
- Regulatory Change Management (15%)
- Regulator and Auditor Compliance Management (11%)
- Compliance Analysis and Internal/External Reporting (11%)
Will the certification exams be offered in paper-and-pencil format?
All ABA exams will be computer-based and will be offered at Scantron Test Sites.
What are the typical hours of operation for a test site?
The Scantron Test Sites have their normal operating hours between 8 a.m. to 5 p.m. However, at times it can vary.
How long will it take to receive exam results?
Right after completing your examination, the pass or fail result will appear on your testing screens. And the oficial score results will be sent to you via email within 6 weeks.
Can I review or change my answers?
Yes, you can surely review your answers. You can mark the questions for reviews and can also change your answers.