Enterprise Risk Management: A Bank Perspective - 2015
Presented by
David Reed
Recorded on October 26, 2015
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10.0 hours
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Recent examination guidance has emphasized the importance of every financial institution having "sound processes sufficient to manage the risk associated with their business model and strategies". But what does this really mean for your bank? Make no mistake, risk is the pivotal element of operations and remains the central focus of the current examination program. Risk is the simply the possibility that an event will occur and negatively affect the achievement of your objectives. A bank is primarily responsible for recognizing risk and reacting appropriately, while also ensuring the needs of the customers and investors are served in a difficult business environment. Yet in our current environment no phrase has been so often used and, yet, misunderstood as "enterprise risk management ("ERM").
ERM is a process implemented by an institution's board of directors, management and staff and applied at a high level across the institution. It is designed to identify potential events that may affect the bank, and to manage risk to be within the your "risk appetite" to provide reasonable assurance of achieving your objectives. Is it the "Holy Grail" of risk management or simply the combination of your existing compliance programs?
In this session you will learn the details of a high level, bank wide risk management program and to identify significant strategic issues that are important for your institution to successfully integrate into its risk management program.
Highlights:
•Fundamentals of enterprise risk management
•Credit to Transactional: Reviewing the Seven Major Risks
•Scoring Significant Risk Areas
•Basics of "risk based" compliance and examination
•Developing an ERM approach at your institution
•Regulatory examination guidance
Who Should Attend
This informative session is designed for executives, senior management staff, compliance, lending, finance, internal audit and anyone involved in risk management.
David Reed
Enterprise Risk Management: A Bank Perspective
Materials
Questions and Answers