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

Are you in the process of establishing your bank’s first ERM Program or seeking to streamline your existing one? You’re not alone. Risk Management is at the heart of banking and every bank has to have processes, policies, and procedures in place in order to assess and manage the risks on their balance sheet. Gain insight into the fundamental components of the ERM puzzle, their interrelationships, and how to integrate your ERM program into the bank’s Strategic Plan.

Discover the components of a robust ERM program and how to assemble your own using existing components within your bank. Learn how you can make the process engaging and foster team cohesion as you collectively work toward protecting the bank assets while advancing its vision.

Learning Objectives:

• Acquire insights into ERM general background and key definitions.
• Explore the impact of implementing an ERM Program on helping Community Banks survive and thrive.
• Recognize the specific building blocks/components of a simple yet complete ERM Program.
• Examine the three key ongoing Phases of ERM:
• Identify and Assess Risk
• Mitigate and Eliminate Risk
• Monitor and Report Risk
• Create an ERM Committee Charter and carefully select the right ERM Committee members.
• Integrating the ERM Program into your Strategic Plan.
• Learn about the Top Risk Categories, definitions, and how they are interrelated.
• Utilize the ERM Risk Assessment Matrix, complete with definitions and examples.
• Develop the Risk Management Appetite and Tolerance Statement
• Implement your ERM Program.

Duration: 90-minutes

Recorded on July 18, 2024.