Characteristics of Strong Risk Assessments and Tools to Monitor and Report Results

Developing strong risk assessments for all key areas of a financial institution is crucial. Strategic-minded institutions aim to manage risk at an enterprise-wide level, striving for “Optimal Risk-Taking,” where they incur just enough of the right kind of risk to effectively pursue their strategic goals. This webinar will guide you through the characteristics of strong risk assessments, helping you develop an enterprise-wide process that is practical, sustainable, and easy to understand. You will gain practical tools and examples to implement immediately, strengthening your existing risk assessments and creating new ones as needed.

The webinar covers an overall view of Enterprise Risk Management (ERM) and its key components, the three key phases of ERM, and how risk assessments fit in. It will delve into the risk assessment process, the characteristics of strong risk assessments, and the relationship between the Risk Assessment System (RAS) and CAMELS rating. You will learn about the top eight risks, how to conduct an ERM risk assessment using a matrix, and the various types of risk assessments based on the area of risk. Additionally, the webinar will provide examples of ongoing monitoring and reporting tools, helping you understand the goals and characteristics of risk assessments based on industry best practices.

Topics Covered:

• Comprehensive Overview of Enterprise Risk Management (ERM) and Its Essential Elements
• Unveiling the Three Key Phases of ERM and the Role of Risk Assessments
• Enhancing Your Risk Assessments: A Step-by-Step Process
• Defining the Purpose of Risk Assessments for Strategic Success
• Key Traits of Effective Risk Assessments
• Understanding the Risk Assessment System (RAS) and Its Link to CAMELS Rating
• Identifying the Top Eight Risks and Other Critical Risk Categories
• Mastering ERM Risk Assessments with a Matrix: The Foundational Risk Assessment
• Exploring Various Types of Risk Assessments Tailored to Specific Risk Areas
• Showcasing Examples of Continuous Monitoring and Reporting Tools

Key Learning Objectives:

• Dive into a High-Level Overview of ERM and Its Three Dynamic Phases
• Unlock the Secrets of the Risk Assessment Process to Strengthen Your Existing Risk Assessments
• Master the Art of Identifying and Assessing Risks Across Your Entire Institution
• Discover the Key Traits and Goals of Industry-Leading Risk Assessments
• Learn How to Craft the Appropriate Risk Assessment Criteria for Your Organization
• Embrace the Power of Annual Risk Assessments Recommended for Continuous Improvement
• Harness the Potential of Monitoring and Reporting Tools with Real-World Examples

Who Should Attend:

This informative session is designed for Risk Managers/Leaders, Chief Risk Officers, Compliance Officers, Internal Auditors, Chief Operating Officer, Chief Credit Officer, and the entire risk management team.

Registration information coming soon.