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 contracts

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. Figure out which departments, products, and processes are affected. Put together an impact assessment that shows where you are now vs. where you need to be. Flag any ambiguities that still need clarification before you move forward.

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 cover what the regulation requires. Update your procedures to put those requirements into practice. Make sure you get the right sign-offs - board approval for policies, management approval for procedures. Version and date every document so it's clear what changed and when.

Form fields in this step

Policies Updated *

Procedures Updated *

Approvals Obtained *

Develop and deliver training

6 weeks from previous step

task

Build training materials for the staff who are affected. Get the training done before the effective date - do not wait until the last minute. Track attendance and verify that people understood what changed. Load the updated materials into your learning management system so they are ready for new hires and future refreshers.

Form fields in this step

Training Developed *

Staff Trained *

Training Documentation Filed *

Verify compliance and document implementation

8 weeks from previous step

task

Once the effective date passes, check that you are actually compliant through testing or monitoring. Document any gaps you find along with your remediation plans. Write up an implementation memo for your records that covers all the actions you took. Then share the results with management and/or the board.

Form fields in this step

Compliance Verified *

Implementation Memo Filed *

Board/Management Briefed *