Community Marketplace
Performing Meaningful Risk Assessments: 2022

Performing Meaningful Risk Assessments: 2022

This session is designed to help you take a comprehensive, objective, proactive, and all-encompassing look at not only performing meaningful risk assessments, but also how the assessment should be used as a critical management tool to impact decision-making. (Rec. 6/15/22)

Cancel Apply

rate limit

Code not recognized.

Webinar Description

Recorded: June 15, 2022

Financial institutions are in the business of taking a certain amount of risk. It’s inherent to what we do on a daily basis. Objectively evaluating risk, not only within the institution and its operations, but also considering the political, regulatory, and economic environment, is crucial to ensure Management and the Board can make informed strategic decisions and allocate resources appropriately to mitigate and manage risk based on their risk appetite.

This session is designed to help you take a comprehensive, objective, proactive, and all-encompassing look at not only performing meaningful risk assessments, but also how the assessment should be used as a critical management tool to impact decision-making.

In this session we will delve into:

  • Fundamental mechanics of a risk assessment, and understanding the distinctions between the different components
  • Inherent Risk
  • Internal Controls
  • Residual Risk
  • Risk Rating schemes and definitions
  • What are the risk factors you should consider in a compliance risk assessment? With this framework, you can extrapolate the thought process to other topical risk assessments.
  • The importance of including data to support your inherent risk evaluation and rating
  • Critical collaboration with business units in developing the risk assessment
  • How does each risk assessment impact your institution and the decisions you make? Is it just a mindless exercise to satisfy examiners?
  • When should risk assessments be updated or revised? Did you revisit risk assessments based on the COVID-19 pandemic? It has certainly had a significant impact on the risk profile of our institutions!

Your registration includes:

  • A copy of the presentation materials
  • Unlimited video replay

 

Refund Policy:

If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.

 

CBANC Complaint Policy:

The goal of CBANC Education is to provide quality educational content and excellent service to our users.  If you have any questions or concerns regarding the quality of our content or service, please contact us at support@cbancnetwork.com.

Webinar Description

Recorded: June 15, 2022

Financial institutions are in the business of taking a certain amount of risk. It’s inherent to what we do on a daily basis. Objectively evaluating risk, not only within the institution and its operations, but also considering the political, regulatory, and economic environment, is crucial to ensure Management and the Board can make informed strategic decisions and allocate resources appropriately to mitigate and manage risk based on their risk appetite.

This session is designed to help you take a comprehensive, objective, proactive, and all-encompassing look at not only performing meaningful risk assessments, but also how the assessment should be used as a critical management tool to impact decision-making.

In this session we will delve into:

  • Fundamental mechanics of a risk assessment, and understanding the distinctions between the different components
  • Inherent Risk
  • Internal Controls
  • Residual Risk
  • Risk Rating schemes and definitions
  • What are the risk factors you should consider in a compliance risk assessment? With this framework, you can extrapolate the thought process to other topical risk assessments.
  • The importance of including data to support your inherent risk evaluation and rating
  • Critical collaboration with business units in developing the risk assessment
  • How does each risk assessment impact your institution and the decisions you make? Is it just a mindless exercise to satisfy examiners?
  • When should risk assessments be updated or revised? Did you revisit risk assessments based on the COVID-19 pandemic? It has certainly had a significant impact on the risk profile of our institutions!

Your registration includes:

  • A copy of the presentation materials
  • Unlimited video replay

 

Refund Policy:

If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.

 

CBANC Complaint Policy:

The goal of CBANC Education is to provide quality educational content and excellent service to our users.  If you have any questions or concerns regarding the quality of our content or service, please contact us at support@cbancnetwork.com.