FORT WASHINGTON, PA – Hudson City Savings Bank, the largest thrift in the US and largest savings bank headquartered in New Jersey, recently chose Banker's Academy's comprehensive training on Risk, as well as Fraud, Information Security, Fair Lending, and Code of Conduct training programs with Banker's Academy for one year. The Bank will use Banker's Academy's Learning Management System (LMS) for robust tracking and reporting.
Banker's Academy's comprehensive curriculum for "Risk" teaches employees about the different kinds of risk associated with banks in order to prevent losses, safeguard the bank's reputation, and ensure continued success. The training program includes courses on Enterprise Risk Management Basics, Risk Management, Components of ERM, Introduction to Credit Risk Management, Operational Risk Management, Basel II Framework for Operational Risk, Introduction to Basel II, Introduction to Basel III, and Overview of Business Continuity.
Focus on Fraud Prevention, from Banker's Academy, is a comprehensive fraud prevention training program that teaches students everything they need to know to prevent fraud and minimize the risk of fraudulent activity at their bank. The program gives employees an in-depth look into the types of fraud commonly perpetrated in the Bank, as well as newer fraud schemes like phishing and identity theft. The program also teaches all aspects of fraud prevention, with a specific emphasis on protecting financial, customer, and employee information. Employees will also learn about the fraud prevention tools the Bank has in place to protect the Bank, its employees and its customers.
Focus on Information Security, from Banker's Academy, teaches all aspects of information security, with a specific emphasis on protecting customer and employee information from identity theft, social engineering, phishing, fraud, and spam scams. The program is designed to keep the Bank in compliance with all federal privacy laws and regulations such as the GLBA, Reg P, and the FACT Act. Employees will learn about the technological and physical factors that expose the Bank to risk and how to reduce it, by following proper security policies and procedures for Internet and email usage and physical security as well as how to identify and report potential problems and security breaches.
Focus on Fair Lending, from Banker's Academy, teaches employees how to reduce the risk to the Bank and its customers, by instructing learners on the laws and regulations governing consumer lending practices, policies, and procedures associated with credit and real estate-related transactions. With this training, employees will become familiar with the non-discrimination requirements of the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHA), which protect consumers by prohibiting unfair and discriminatory practices.
Ethics: Code of Conduct, from Banker's Academy, communicates the laws, policies, and procedures that govern every action of every employee at the bank, reducing the risk of costly litigation and corporate image damage. This course trains employees so that they know what they can and cannot do as an employee of the bank. With the recent scandals that have led to requirements for ethical responsibility and accountability, this training is vital for each employee.
Hudson City Savings Bank is among the top 25 banks and the largest thrift in the country. Also the largest savings bank headquartered in New Jersey, Hudson City serves customers in New Jersey, New York, and Connecticut, with over 130 full-service branches. As of June 30, 2009, the Bank had over $57 billion in assets.
About Banker's Academy
With 25+ years of experience and over 2,500 clients, Banker's Academy is the leading global provider of training solutions to the financial services industry, with a focus on banks, credit unions, and money service businesses. We're a partner you can count on to help you achieve your business goals. For more information, call 888-433-2666 or go to www.bankersacademy.com.