Characteristics of Strong Risk Assessments and Tools to Monitor and Report Results 2024 | OnCourse Learning | 21 February 2024 | Webinar
Venue
What is Qwoted?
Qwoted is a free expert network: we help reporters connect with experts & we help those same experts build relationships with top reporters.
| Event Date |
Thu Feb 22 UTC (10 months ago)
In your timezone (EST): Wed Feb 21 7:00pm - Wed Feb 21 7:00pm |
| Location | Webinar |
| Region | All |
Details
Financial Institutions provide great value to the American economy, but that value comes with risks. Strategic 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." Risk assessments are at the core of a strong ERM Program. Therefore, developing strong risk assessments for all key areas of the financial institution is crucial. This webinar will take you through the characteristics of strong risk assessments to ensure you address key areas of your institution.
What you'll learn:
• 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 to enhance existing risk assessments
• The goal of risk assessments
• What is a Risk Assessment System (RAS) and its relationship to CAMELS rating
• The top eight risks and other minor risks
• 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
Who Should Attend
Risk Managers/Leaders, Chief Risk Officers, Compliance Officers, Internal Auditors, Chief Operating Officers, Chief Credit Officers, and the entire risk management team will gain knowledge and value from this webinar.
Topics
• Risk Management/Legal
Roles
• Bank Legal Counsel
• Bank Secrecy Act Officer/BSA Specialist
• Internal Auditor
• IT Professional
• Privacy Officer/Information Security Professional
• Risk Manager
• Security Officer
Speakers
2024 Speakers
Marci Malzahn
Founder and inspirational keynote speaker, Crowning Achievements International