Enterprise Risk Management for Community Bank Directors

Are you developing or formalizing the ERM Program for your bank? Does the Board of Directors understand their liability in regard to ERM? Do you want to ensure your current program is complete yet keep it simple? If yes to either question, this webinar is for you! Risk Management is at the heart of banking and every bank must have processes, policies, and procedures in place to assess and manage the risks on their balance sheet. Regulators want to ensure your bank’s management team and Board are capable of managing your bank’s existing and emerging risks.

In this webinar on Enterprise Risk Management for Community Bank Directors, you will learn the fundamental pieces of the ERM puzzle, how they relate to each other, and how to integrate your ERM program into the bank’s Strategic Plan. In this educational session, you will learn the various components of a strong ERM program and how the process starts with the “tone at the top” –the Board.

Topics Covered:

• ERM general background and key definitions
• Identifying the specific building blocks/components of a simple yet complete ERM Program
• The three key ongoing Phases of ERM:
  • Identifying and Assessing Risk
  • Mitigating and Eliminating Risk
  • Monitoring and Reporting Risk
• Why you need to form a formal Board Risk Committee and establish a Committee Charter
• Establishing an internal ERM Committee and choosing the right ERM Committee members
• Integrating the ERM Program into your Strategic Plan
• Top Risk Categories, definitions, and how they are interrelated
• Developing the Board Risk Appetite and Tolerance Statement – Description of Process
• Benefits of implementing your ERM Program
• ERM Program Flowchart – The pathway to a complete ERM Program!

Key Learning Objectives:

1. Increase overall knowledge of ERM and what it means to have an ERM Program
2. Understand the three ongoing phases of ERM
3. Understand how ERM is integrated into the bank’s Strategic Plan
4. How to integrate other ERM components into it
5. How to create an ERM Committee Charter
6. Benefits of having an ERM Program established
7. Developing a Board Risk Committee and its Charter
8. How to develop your Board Risk Appetite & Tolerance Statement

Presenting at the ICBA Community Bank Director Forum.

For more information and to register, click here.