CRCM Exam: Federal Regulations for Establishing a Bank Security Program

Federal Regulations for Establishing a Bank Security Program

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Question

According to federal regulations, what must a security officer do when establishing a bank security program?

Answers

Explanations

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A. B. C. D.

D

As per the federal regulations, a security officer must establish a bank security program that addresses the security risks specific to the bank's location, size, and operations. The program should aim to protect the bank's personnel, customers, and assets from unlawful activities, such as theft, fraud, and violence.

To accomplish this, the security officer must develop and implement various security measures, such as access control, surveillance, alarm systems, and security training for staff. One critical aspect of the security program is the testing of security devices to ensure they are functioning correctly.

Therefore, answer D, "Institute procedures for testing security devices periodically," is the correct option. The security officer must establish and document procedures for regularly testing the bank's security devices, such as alarms, cameras, and access control systems. These tests should be conducted periodically to ensure that the devices are working correctly and that any faults are promptly detected and fixed.

It is not necessary to survey competitors' security procedures, hire uniformed armed guards to monitor the bank lobby, or modify the cash vault to meet minimum wall thickness standards to establish a bank security program, as none of these actions alone would sufficiently address the security risks faced by the bank. Instead, the security officer should take a comprehensive approach to security that considers all the potential risks and implements appropriate measures to mitigate them.