We are a medium size bank with heavy retail operations, plus mortgage, loans and credit card operations. Our customer based is mostly individuals. We are thinking about creating a Compliance Committee and I would like to see if any of you have one, size of the committee, what kind of areas and managers should join the committee, etc.
Any information is greatly appreciated.

We are an approximately $600 million dollar bank with a Compliance Committee. Our Committee consists of a Board Member (also the Chief Lending Officer for the bank), a commercial lender, a Branch Manager, the leads for for both our credit card and debit card operations areas, the Compliance Officer and the BSA Officer.

I believe this question has been asked before so if you do a search, you might find some additional information.

In my previous job, I created a Compliance Committee that was outside of the "Executive Compliance Committee" which they had in the past. The ECC included me (Chief Compliance Officer), COO, CEO, CFO, Chief Lending Officer, Chair of the Audit Committee, Chief Marketing Officer and SVP/HR.

The Compliance Committee had a member from each branch and department of the bank. We were fairly small ($280 million, 5 branches) but it worked really well and the OTS really liked it. We had deposit ops, lending ops, sales, branches, HR, IT, mortgage ops, etc. - all represented on the committee. My reasoning behind it was that if each branch/department is represented, they all have a say in our compliance activities, they see the importance of it and there is always one person (in each area) in charge of compliance activities. We met quarterly and we created and approved policies/programs that did not need Board approval, among other things.

I chaired both committees.

This topic has been discussed several times, so if you do a search on "compliance committee" you should get a lot of helpful information.

My Lord! Have you tried to do a search on "compliance committee"? I just did and it's nearly impossible to find a topic that is helpful...

I just did a search on "compliance committee" and only got 51 hits in the last year?? What is so bad about that?