Developing Your First ERM Program – Including Vendor Management
Presented by: Marci Malzahn, Malzahn Strategic
Who Should Participate
Chief Risk Officers, Risk Managers/Leaders, Chief Credit Officers, Chief Financial Officers, Compliance Officers, IT personnel, Internal Auditors, Presidents involved in the risk management process and their ERM program.
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.
Why You Should Attend
To learn what ERM is about, obtain tools, and take initial hands-on steps to create a complete yet simple ERM Program for your financial institution. This workshop will help your institution identify the key members of the ERM team and clarify the Board’s responsibilities versus the leadership team’s responsibilities. You will also obtain a better understanding on how to create/develop enterprise-wide risk assessments and what the Risk Assessment System is about. It will help you understand how the Risk Assessment System works together with the CAMELS rating from the regulatory perspective. Learn how to identify unique risks to your institution that are beyond the regulators’ top risk categories. Learn about the various risk assessments and the areas you need to assess in your organization. Learn how to establish a complete Vendor Management Program and conduct due diligence and risk assessments on critical vendors. Lastly, you will learn how to complete three key risk assessments and take these tools to your institution immediately.
Are you creating your first Enterprise Risk Management (ERM) Program for your institution? Do you want to ensure your current program is complete yet keep it simple? Do you have pieces of the puzzle but don’t know how to put it all together? Don’t know how the Vendor Management Program fits in? If yes to any of these questions, this hands-on workshop is for you! Risk Management is at the heart of banking and every financial institution must have policies, processes, and procedures in place to assess and manage the risks on their balance sheet. And risk assessments are at the core of ERM.
Marci shares the fundamental pieces of the ERM puzzle, how they relate to each other, and how to integrate your ERM program into the institution’s Strategic Plan. Having built an ERM program for a community bank from scratch, Marci describes the various components of a strong ERM program. Marci will also go through the key components of a strong Vendor Management Program including a Vendor Management Risk Assessment and due diligence. In this educational session, you will learn how to put your program together using all the parts you already have in your institution. You will walk away with practical tools that you can use at your organization immediately as you will complete three key risk assessments in class: ERM, IT, and Internal Controls. Marci shares how you can make the process fun and how your team will become closer as they work together with the common goal of protecting the financial institution’s assets while fulfilling your vision.
Part I: ERM Basics and Definitions
Part II: Developing Strong Risk Assessments
- How Community Financial Institutions Can Survive and Thrive
- Strategic Plan Components and how ERM Fits In
- ERM Building Blocks and Three Ongoing Phases
- Identifying and Assessing Risk
- Mitigating and Eliminating Risk
- Monitoring and Reporting Risk
- New Definition of Banking Risk and Top Risk Categories
- Risk Appetite and Tolerance Statement
- Implement Your ERM Program
- Integrate Your ERM Program into Your Strategic Plan
- Benefits from having an ERM Program
- ERM Program Flowchart
Part III: Hands-On Application
- The Goal of Risk Assessments
- Risk Assessment Characteristics
- The Risk Assessment Process
- Risk Assessment System (RAS)
- CAMELS Rating System
- Annual Risk Assessments Recommended and Areas Assessed
- Examples: ERM, IT, Internal Controls, Insurance, New Initiatives
- Examples of Ongoing Monitoring and Reporting Tools
Complete Example Risk Assessments:
- Areas Assessed
- Categories Included
Part IV: Vendor Management
- Enterprise Risk Management
- Information Technology
- Internal Controls
- How Vendor Management Program fits in within Enterprise Risk Management
- Vendor Management Program Components, Definitions, and Interrelated Risks
- Vendor Management Policy and Procedures
- Vendor Due Diligence
- Oversight of Third-Party Service Providers including Technology (TSP)
- Example of Vendor Risk Assessment
- Monitoring and Reporting Assessment Results
Registration Fee (This fee includes lunch)
Note: You will be given the option to pay by credit card or to invoice your company during the checkout process.
Dates & Times
March 4, 2020
Check in: 8:30 AM
Program: 9:00 AM - 3:30 PM
Minnesota Bankers Association
8050 Washington Avenue South
Eden Prairie, MN 55344
Click here for directions
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)
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 firstname.lastname@example.org. 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.
Employees of qualified non-member banks are encouraged to apply. Please call our office for further information.
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 email@example.com at least two weeks prior to the program. We will contact you to discuss accommodations.