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Day 1: ERM Workshop Program
| Monday, May 3, 2010 |
| 7:00 a.m. – 8:30 a.m. | Registration |
| 8:30 a.m. – 9:30 a.m. | Step 1: Essentials of ERM: How it Bolsters ROA and Satisfies Regulators |
| 9:30 a.m. – 9:50 a.m. | Networking & Refreshments |
| 9:50 a.m. – 11 a.m. | Step 2: Define Your Risk Tolerance and How it Fits into Your Strategic Plan |
| 11:00 a.m. – Noon | Step 3: Build Your Custom ERM Work Plan Using Gap Analysis |
| Noon – 1:30 p.m. | Luncheon Keynote: NCUA Deputy Director of Examination & Insurance John Kutchey |
| 1:30 p.m. – 3 p.m. | Step 4: Develop Your ERM Metrics and Dashboards |
| 3:00 p.m. – 4:00 p.m. | Step 5: Establish Oversight by Chief Risk Officers & Risk Management Committees |
7:00 a.m. – 8:30 a.m.
Registration
8:30 a.m. – 9:30 a.m.
Step 1-Essentials of ERM: How it Bolsters ROA and Satisfies Regulators
Let’s face it – ERM is a new concept to CU leaders. But after this plain-English primer from instructors Geoff Rubin and Bill Nayda you’ll feel confident in your knowledge and ready to implement what’s required. See how ERM creates stronger and more stable earnings, reduced charge-offs, lower costs and superior member benefits, and how it affects performance management and your planning cycle. Discover best practices in the use of ERM that gives your CU a competitive advantage. After Step 1, you’re ready to define risks and select the best ERM model for your CU (because it’s not one size fits all).
BONUS: Get a ready-to-use overview of ERM for use at your next board meeting; use it to bring your volunteers up to speed and get their buy-in. The checklist also includes a valuable guide to ERM elements that are already in use by leading-edge CUs. Plus, receive a detailed overview of risk types – supplemented by a handbook e-mailed before the conference– and the techniques used to manage them.
9:30 a.m. – 9:50 a.m.
Networking & Refreshments
9:50 a.m. – 11 a.m.
Step 2-Define Your Risk Tolerance and How it Fits into Your Strategic Plan
The foundation of a solid ERM program is a well-defined risk profile. In Step 2 of the workshop, Geoff and Bill take you and your team through “The Risk Walk,” which will reveal and then define your tolerance for credit, liquidity, investment and other risks. This is an exercise that positions you to be able to conduct regulatory stress testing of your balance sheet, monitor and report on risks to the board and to examiners, and tie your risk profile to the CU’s strategic plan. This session alone delivers guidance that big banks pay tens of thousands of dollars to receive. You get it at a fraction of the cost.
TAKE-HOME: Bring back a checklist of questions for the board
and senior management as they embark on ERM, including two
exercise templates to establish your CU’s risk appetite.
11:00 a.m. - Noon
Step 3-Build Your Custom ERM Work Plan Using Gap Analysis
Roll up your sleeves and get ready to build your ERM plan using a proven template. You will leave this session with a plan from Geoff and Bill that steers you away from the dangers of managing risk by silos and toward an integrated risk model.
TAKE-HOME: You’ll get a skeleton ERM work plan to facilitate assessment of each goal, identify responsible parties and set implementation milestones.
Noon – 1:30 p.m.
Luncheon Keynote: NCUA Deputy Director of Examination & Insurance John Kutchey
Washington Regulatory & Exam Briefing
NCUA has moved to an annual exam cycle, as a worrisome 18% of CUs now are rated CAMEL 3 or worse. No wonder NCUA scrutiny is so intense. And it’s only getting tougher: NCUA has hired 57 new exam officials for 2010. This is your chance to hear directly from NCUA on what its examiners expect from CUs regarding ERM, the types of risks that most concern them and the best approaches to take. We’ve left plenty of time for your Q&A.
BONUS: Take home a regulatory exam checklist and summary of regs coming out of Washington, plus 10 risk-related questions to ask managers, auditors and even examiners. With the checklist and questions you’re guaranteed a smoother exam.
1:30 p.m. – 3 p.m.
Step 4-Develop Your ERM Metrics and Dashboards
Now that you have the basic plan in place, Geoff and Bill show you how to develop metrics and dashboards to benchmark your ERM progress against the plan. Find out how best to use stress tests to quantify credit, liquidity, market and operational risks and how they interact. Get straightforward guidance on funding gap risk and contingent measures to help your CU pull out information to improve productivity and reduce costs.
TAKE-HOME: Get a catalog of risk measures that correspond to various risk types and exposures, as well as sample reports and dashboards.
3:00 p.m. – 4:00 p.m.
Step 5-Establish Oversight by Chief Risk Officers & Risk Management Committees
If all your CU’s risks – financial and non-financial – are not well understood, it could lead to serious damage to your CU’s reputation and bottom line. That means one of the first decisions will be the roles and functions of the risk management committee and chief risk officer (and which of your current staff holds that title), how and when they interact, and the policies, procedures and data that will help them most effectively identify, measure, prioritize, monitor and control risk.
BONUS: Take home a decision matrix to assess weaknesses in your decision-making process, identify target areas for ERM and ensure your CU is structured in a way that facilitates strong risk management.
