ERM Workshop Series

ERM Workshop Series

 

Who Should Participate

These workshops are designed for directors, CEOs, CFOs, chief risk officers, compliance officers and senior bank officers.

Make your attendance count towards your continuing professional education credits! The MBA will provide a certificate of attendance that you may submit to the appropriate advisory board.

 

Program Overview

Whether your bank is just starting to establish an ERM program or your job description encompasses the ERM duties we’ve created a workshop that will be right for you.

Each program will include an opening presentation by a leading expert, lunch and a peer group discussion. These workshops will assist the participants in better understanding the basics of a sound ERM process and provide keys to successfully navigating this new world in which we operate.

Sessions:

November 20, 2019:  Enterprise Risk Management
Presented by: Michael Carpenter, Ncontracts

Enterprise Risk Management goes hand-in-hand with a financial institution’s strategic plans and goals. Without it, an institution won’t have the proper resources to know whether it can safely accomplish its objectives. Making ERM an essential operational building block helps protect an institution and its customers by identifying current and future risks and taking action to guard against threats and exploit opportunities.

This interactive workshop will immerse you in exercises that integrate ERM and action We will examine the basics of Enterprise Risk Management starting from the question “What is risk?” You’ll learn:

  • Efficient ways to structure an ERM program
  • How ERM and strategic planning fit together
  • Risk identification, response, and controls
  • Risk assessments
  • KPIs, KRIs and risk appetite
  • ERM best practices for safety and soundness

March 4, 2020:  How to Develop Strong Enterprise-Wide Risk Assessments for Your ERM Program
Presented by: Marci Malzahn, Malzahn Strategic

Financial institutions provide great value to the American economy. But that value comes with risks. Strategic-minded institutions do not strive to eliminate risk or even to minimize it – they strive to manage risk at the enterprise-wide level. These enterprises seek to manage risk exposure so that, at any given time, they incur just enough of the right kind of risk
– no more, no less – to effectively pursue their strategic goals. This is referred to as “Optimal Risk-Taking.” This webinar will take you through a step-by-step process to develop Risk Assessments to address key areas of your institution. The presenter will share her experience in developing an enterprise-wide process to conduct Risk Assessments in a practical, sustainable, and easy way to understand. You will walk away with practical tools and examples you can implement in your organization immediately.

Topics Covered:

  • Overall view of Enterprise Risk Management and key components
  • The three key phases of ERM and how Risk Assessments fit in
  • The Risk Assessment process
  • Risk Assessment characteristics and goals
  • What is a Risk Assessment System (RAS) and its relationship to CAMELS rating
  • The top eight risks and other important ones
  • How to conduct an ERM Risk Assessment using a Matrix – The core of risk assessments
  • The various types of risk assessments based on the area of risk and what they consist of
  • Examples of ongoing monitoring and reporting tools

May 19, 2020:  Vendor Management Program – How Model Risk Fits In
Presented by: Marci Malzahn, Malzahn Strategic

With financial institutions increasingly relying on third-party providers to offer their products and services comes increased risk. Starting with the core system, should you outsource it or keep it in-house? And following with the rest of all the banking products you offer to your business clients or members that depend on technology, how in depth should your due diligence be? In this educational session, the presenter provides best practices based on the FFIEC IT Examination Handbook to help you develop a simple yet comprehensive Vendor Management Program.

In addition, along with Vendor Management, which includes all the third-party providers of systems and software, comes yet another risk—Model Risk. The presenter will explain step by step the OCC SR Letter 11-7 following their guidance on Model Risk Management. You will walk away with a clearer understanding of where Vendor Management and Model Risk Management fit it with your ERM program.

Topics Covered:

  • How Vendor Management Program fits in within Enterprise Risk Management
  • Vendor Management Program Components – Policy and Procedures
  • Vendor Due Diligence
  • Example of Vendor Risk Assessment
  • Monitoring and Reporting Assessment Results
  • Definition of Model Risk and how it applies to your Institution
  • The OCC SR Letter 11-7 – A step-by-step explanation
  • Examples of Model Risk – How it affects your institution
  • Example of Model Risk Assessment
  • How to establish your own Model Risk Management program


Registration Fee (This fee includes lunch)

Member: $50.00 per class
$135 if you register for all four classes

Qualified non-member bank:
$75.00 per class

Note:  You will be given the option to pay by credit card or to invoice your company during the checkout process.

Location

Minnesota Bankers Association
8050 Washington Avenue South
Eden Prairie, MN  55344
Click here for directions

Lodging

Lodging arrangements can be made at: Hyatt Place, Eden Prairie. Click here to make an online reservation, or call 952-944-9700 - dial “0” for the front desk, (Ask for the Minnesota Bankers Association rate of $148.00, plus tax)

Cancellation Policy

The MBA reserves the right to cancel programs due to insufficient enrollment, instructor illness, or other reasons. Participants wishing to cancel must inform the MBA in writing prior to the event. Send cancellation notices to maryh@minnbankers.com. A cancellation fee of 25% of the program cost will be charged for withdrawing, or you may send a substitute. The full program fee will be charged for withdrawing after the event has taken place or a no-show. 

Non-Members

Employees of qualified non-member banks are encouraged to apply. Please call our office for further information.

Special Needs

If you have a disability that may affect your participation in this program - or any dietary issues - please send a statement regarding any special needs to maryh@minnbankers.com at least two weeks prior to the program. We will contact you to discuss accommodations.
When
11/20/2019 - 5/19/2020 1:30 PM
Where
Minnesota Bankers Association 8050 Washington Avenue South Eden Prairie 55344

Click "Add" to select your registration option.

   
 
All sessions in the series: November 20, 2019 (10:00AM - 1:30PM):  Enterprise Risk Management March 4, 2020 (10:00AM - 1:30PM):  How to Develop an ERM Program/Process May 19, 2020 (10:00AM - 1:30PM):  Vendor Management Program – How Model Risk Fits In If different individuals are attending the 4 sessions, please provide the names in the following question.
Time
11/20/2019 10:00 AM - 5/19/2020 1:30 PM
11/20/2019 10:00 AM

Session 2:  November 20, 2019

Presented by: Michael Berman, Ncontracts

Time
10:00 AM - 1:30 PM
11/20/2019 10:00 AM

Session 3:  March 4, 2020

Presented by: Marci Malzahn, Malzahn Strategic

Time
10:00 AM - 1:30 PM
3/4/2020 10:00 AM

Session 4:  May 19, 2020

Presented by: Marci Malzahn, Malzahn Strategic

Time
10:00 AM - 1:30 PM
5/19/2020 10:00 AM

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