Enterprise Risk Management (ERM) is a critical function for banks, aimed at identifying, assessing, and managing multiple types of risk faced by the institution. ICBA’s Enterprise Risk Management Institute offers comprehensive instruction covering the fundamentals of ERM, risk categories, risk integration, and practical strategies for developing and implementing effective ERM programs.
This institute is designed for individuals experienced in banking but new to ERM, as well as for banks in the initial stages of developing an ERM program.
This training provides a comprehensive and practical approach, equipping you with valuable knowledge, skills, and strategies to enhance your organization's risk management practices and ensure compliance with regulatory expectations. Join us to gain the necessary tools and insights to effectively navigate the complex world of enterprise risk management in the community banking sector.
Learning Objectives:
Understand the fundamentals of Enterprise Risk Management (ERM), including its purpose, significance, and regulatory pressures driving its adoption.
Identify the key components of ERM, such as risk categories, frameworks, and integration within the three lines of defense.
Recognize and assess enterprise-level risks faced by financial institutions.
Apply best practices to manage and mitigate enterprise-level risks.
Develop a Risk Appetite Statement (RAS) aligned with risk culture, strategic plans, and policies.
Construct key performance indicators (KPIs), key risk indicators (KRIs), and a risk dashboard.
Understand the reporting and management aspects of an ERM program.
Implement best practices for running a successful ERM program.
8:00 a.m. – 8:30 a.m.
8:30 a.m. – 4:30 p.m.
Enterprise Risk Management (ERM) Concepts – What, Why, Who?
This session provides an introduction to ERM, discussing its background, importance, and the regulatory pressures driving its adoption. Participants will gain an understanding of the fundamentals of ERM, its role in culture and risk integration, and where to start in implementing ERM within their organization. We will also discuss ERM from the perspective of the 1st, 2nd, 3rd lines of defense as well as for the Board.
ERM Categories
This session delves into the definition of the different risk categories relevant to ERM in the banking industry. Participants will explore the scope of compliance/legal, credit, interest rate/market, liquidity, operational, reputational, and strategic risks.
12:00 p.m. – 1:00 p.m.
8:30 a.m. – 4:30 p.m.
Day 2 focuses on specific risks faced by banks at an enterprise level. Participants will examine credit, operational (including HR and IT), interest rate/market, liquidity, compliance/legal, reputational, and strategic risks. Best practices and case studies will be shared to enhance participants' understanding of managing these risks.
12:00 p.m. – 1:00 p.m.
8:30 a.m. – 4:30 p.m.
Developing Your Risk Appetite Statement
This session explores the development of a Risk Appetite Statement (RAS) and how to construct it while considering management input and board buy-in/approval. The session will emphasize the linkage between RAS, risk culture, strategic plans, and policies. Examples will be provided to guide participants in developing their own RAS.
Building Your Risk Dashboard
This session focuses on identifying key performance indicators (KPIs), key risk indicators (KRIs), and other relevant indicators that tie to the Risk Appetite Statement. Participants will learn how to educate and collaborate with executives and business line owners to effectively measure and monitor risks. Practical examples will be shared to assist participants in building their risk dashboards.
Reporting and Running Your ERM Program
This session covers the reporting and management aspects of an ERM program. Participants will gain insights into ERM committee structures, board reporting, and triggers to update the program. Best practices for running an ERM program will be explored.
12:00 p.m. – 1:00 p.m.
8:30 a.m. – 12:00 p.m.
10:00 a.m. – 12:00 p.m.
The certification exam will be held via ICBA’s online portal.
ICBA Members: $1,699
Non-Members: $2,199
Certification Testing Fee: $500
*Attendance may be subject to ICBA approval.
This event is not recorded. For more information, call 800-422-7285.
2401 Bass Pro Drive
Grapevine, TX 76051
ICBA's room block expires September 7, 2024. Please book your room in advance of this date to ensure accommodations.
Hotel Housing Scam Warning: Only make your room reservation using the information provided by ICBA. Do not do business with any company that claims they are with ICBA or working for ICBA as the official housing service. Contact ICBA if you have any questions or concerns.
Who should attend: Community bank risk managers or closely-related functions. The responsibility of risk management may fall upon multiple functional areas of a community bank and therefore this program is recommended for all community bankers responsible for the management of overall bank risk. This may include senior management, risk analysts, risk specialists, auditors, compliance officers, general counsel, and more. Risk management experience preferred.
Prerequisites: No previous experience or training required
Advanced Preparation: Recommended-Complete complimentary pre-recorded course sent upon registration
Program Level: Intermediate
Field of Study: Specialized Knowledge
Delivery Method: Group Live
CPE Credit Hours: 27
Managing Principal Value & Risk Services
CliftonLarsonAllen
Regulatory Compliance Director
CliftonLarsonAllen
Assurance Principal
CliftonLarsonAllen
Registration, attendance, or participation at this event constitutes an agreement to adhere to the ICBA code of conduct and complaint policy. ICBA aims to be welcoming, safe, and inclusive to all participants, with the most varied and diverse backgrounds possible.
As such, the Independent Community Bankers of America (“ICBA” or the “Association”) has adopted a zero-tolerance policy toward all forms of unlawful discrimination and harassment.
Suitcasing is the act of soliciting business by non-exhibiting companies in the during the event or in other public spaces, including another company's booth, a convention center, or a hotel lobby. It is ICBA event management’s objective to do everything legally possible to protect its exhibitors and community banker attendees from suitcasing.
