Banking compliance workflow for Tallyfy

Implement new regulations before the deadline hits

Waiting until the effective date to start compliance work is a recipe for failure. This workflow builds in time for impact analysis, policy updates, staff training, and verification before regulators come knocking.

4 steps

3 fields

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Banking

Run this workflow in Tallyfy

Import this template into Tallyfy and assign compliance officers to analysis tasks while involving department heads in policy updates with kickoff fields capturing regulation name, effective date, and regulatory agency

Configure week-based deadlines spanning 8 weeks from analysis through verification, with form fields to track impact assessments, policy approvals, and training completion

Track regulatory implementation in real-time through Tallyfy as your team analyzes requirements, updates policies and procedures, trains staff, and verifies compliance with documented board briefings

Import this template into Tallyfy

Process steps

Analyze regulation and identify impacts

2 weeks from previous step

task

Read the full regulation and any agency guidance. Identify which departments, products, and processes are affected. Create an impact assessment documenting current state vs. required state. Note any ambiguities that need clarification.

Form fields in this step

Impact Assessment Completed *

Departments Affected *

Clarifications Needed *

Update policies and procedures

4 weeks from previous step

task

Draft or revise policies to address regulatory requirements. Update procedures to implement new requirements. Get appropriate approvals - board approval for policies, management approval for procedures. Version and date all documents.

Form fields in this step

Policies Updated *

Procedures Updated *

Approvals Obtained *

Develop and deliver training

6 weeks from previous step

task

Create training materials for affected staff. Deliver training before the effective date. Document attendance and comprehension. Update training materials in your learning management system for ongoing use.

Form fields in this step

Training Developed *

Staff Trained *

Training Documentation Filed *

Verify compliance and document implementation

8 weeks from previous step

task

After effective date, verify compliance through testing or monitoring. Document any gaps and remediation plans. Create an implementation memo for your files summarizing all actions taken. Present results to management and/or board.

Form fields in this step

Compliance Verified *

Implementation Memo Filed *

Board/Management Briefed *