Certified Regulatory Compliance Manager

Here you have the best ABA CRCM practice exam questions

You have 462 total questions across 93 pages (5 per page)
These questions were last updated on February 21, 2026
This site is not affiliated with or endorsed by ABA.

Question 1 of 462

To be effective, compliance risk management professionals must design a framework to ensure that bank management understands the risks and the steps that must be taken to mitigate them. The many roles compliance professionals fill incorporate risk management aspects including:

Coordinating regulatory exams to explain risks to examiners

Overseeing compliance training targeting higher risk areas

Tracking regulatory proposals and final rules to understand new risks

All of these

Question 2 of 462

They also embrace the concept of risk-based compliance management. They expect compliance management to be tailored to the bank, be it large or small, offering standard or specialty financial services, simple or complex products lines, and adjusted as appropriate for the customer base as that issued for the Bank
Secrecy Act, also establishes their expectations that a bank's program be risk based. Who are they?

Outsourcing firms

Foreign financial service providers

Bank regulatory agencies

Risk management organizations

Question 3 of 462

A compliance professional's responsibilities include all of the following EXCEPT:

Understanding the business units operating environment and risk tolerance

Performing risk assessments with the assistance of business units to determine current risk levels and risks associated with the bank's products, lines of business, customers, and locations, among other factors

Working with business units to ensure prompt corrective action for any detected errors

Assisting business lines with compliance training for employees, as needed

Question 4 of 462

______________ should include basic elements designed to understand and mitigate risk. It usually includes:

Written program -
Compliance-related policies and procedures

Tactical Compliance procedure

Rank solution

Compliance program

None of these

Question 5 of 462

In a compliance program, tactical compliance procedures should be integrated into business line procedures, such as how to deliver an Adverse Action Notice when an application is declined. In this case:

Regulations should be applied consistently to procedures throughout the bank

Revisions to procedures should be based on compliance expertise and not mere editing

Providing solutions to mitigate any identified risk

Assisting business units in developing or revising policies and procedures to reflect current regulatory requirements

About the ABA CRCM Certification Exam

About the Exam

The ABA CRCM (Certified Regulatory Compliance Manager) validates your knowledge and skills. Passing demonstrates proficiency and can boost your career prospects in the field.

How to Prepare

Work through all 462 practice questions across 93 pages. Focus on understanding the reasoning behind each answer rather than memorizing responses to be ready for any variation on the real exam.

Why Practice Exams?

Practice exams help you familiarize yourself with the question format, manage your time, and reduce anxiety on the test day. Our CRCM questions are regularly updated to reflect the latest exam objectives.