Creating the Right Enterprise Risk Management (ERM) Program for YOUR Community Bank

Are you creating your first ERM Program for your bank? Do you want to ensure your current program is complete yet keep it simple? If yes to either question, this webinar is for you! Enterprise Risk Management (ERM) is a comprehensive approach that helps organizations identify, assess, mitigate, and monitor risks. Implementing an ERM program can be particularly beneficial for community banks, enabling them to navigate challenges and capitalize on opportunities. Key components of an effective ERM program include understanding its general background and definitions, recognizing the building blocks of a complete program, and integrating it into the bank’s strategic plan. The program should also involve creating an ERM Committee Charter, selecting appropriate committee members, and understanding top risk categories and their interrelations. Additionally, developing a Risk Management Appetite and Tolerance Statement and utilizing an ERM Risk Assessment Matrix are crucial steps in the process.

The three ongoing phases of ERM—identifying and assessing risk, mitigating and eliminating risk, and monitoring and reporting risk—are essential for maintaining a robust risk management framework. By increasing overall knowledge of ERM, banks can better understand how to integrate various components into their strategic plans and complete necessary assessments. Establishing an ERM program not only provides a structured approach to risk management but also offers significant benefits, such as improved decision-making and enhanced resilience. The webinar concludes with an ERM program flowchart that can help you visualize the process, ensuring all steps are clearly defined and followed.

Topics Covered:

• Unlock the Essentials: ERM General Background and Key Definitions
• Empower Community Banks: How an ERM Program Can Help You Survive and Thrive
• Build Your Foundation: Identifying the Key Components of a Complete ERM Program
• Master the Three Key Phases of ERM:
  • Identifying and Assessing Risks
  • Mitigating and Eliminating Risks
  • Monitoring and Reporting Risks
• Crafting an ERM Committee Charter and Selecting the Right ERM Committee Members
• Strategic Integration: Weaving the ERM Program into Your Strategic Plan
• Navigate the Top Risk Categories: Definitions and Interrelations
• Master the ERM Risk Assessment Matrix: Definitions and Practical Examples
• Define Your Boundaries: Crafting the Risk Management Appetite and Tolerance Statement
• Reap the Rewards: Implementing Your ERM Program and Its Benefits
• Visualize Success: The ERM Program Flowchart

Key Learning Objectives:

• Elevate Your Expertise: Master the Fundamentals of ERM and the Power of an ERM Program
• Navigate the Essentials: Grasp the Three Dynamic Phases of ERM
• Strategic Synergy: Discover How ERM Integrates Seamlessly into Your Bank’s Strategic Plan
• Holistic Integration: Learn to Incorporate Additional ERM Components Effectively
• Crafting an Impactful ERM Committee Charter
• Risk Assessment Mastery: Complete the ERM Risk Assessment Matrix with Confidence
• Unlock the Benefits: Experience the Advantages of an Established ERM Program

Who Should Attend:

Chief Risk Officers, Risk Managers/Leaders, Chief Credit Officers, Chief Financial Officers, Compliance Officers, Internal Auditors, Presidents involved in the risk management process and their ERM program

Registration information coming soon.