Malzahn Strategic - Minneapolis, MN skyline

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

Topic: ERM
Audience: Community Banks 
Format: 90 Minute Webinar or 2-Hour Workshop

Community Bank Enterprise Risk Management ERM training. Are you creating your first ERM program for your community bank? Do you want to ensure your current program is complete yet keep it simple? If yes to either question, this training is for you! Risk management is at the heart of community banking and every community bank has to have processes, policies, and procedures in place in order to assess and manage the risks on their balance sheet. Marcia Malzahn shares 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. Having built an ERM program for a community bank from scratch, Marcia describes the various components of a strong ERM program. In this educational session, you will learn how to put your program together using all the parts you already have in your community bank. Marcia shares how you can make the process fun and how your team will become closer as they work together with the common goal of protecting the bank’s assets while fulfilling your bank’s vision.

Topics Covered:

  • ERM general background and key definitions
  • How implementing an ERM program can help financial institutions survive and thrive
  • 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
  • Creating an ERM Committee Charter and choosing the right ERM committee members
  • Integrating the ERM program into your strategic plan
  • Top risk categories and definitions
  • ERM Risk Assessment Matrix – definitions and example
  • Creating the Risk Management Appetite and Tolerance Statement – description of process
  • Implementing your ERM program and benefits
  • ERM program flowchart

 

Who Should Attend

Chief Risk Officers, Risk Managers/Leaders, Chief Credit Officers, Chief Financial Officers, Compliance Officers, Internal Auditors, Presidents involved in the risk management process and their ERM program

Why You Should Attend

To learn what ERM is about, obtain tools and take initial steps to create a complete yet simple ERM program in your community bank. This webinar will help your bank identify the key members of the ERM team and clarify the board’s responsibilities versus the leadership team’s responsibilities. Although we will cover the ERM risk assessment, this webinar does not cover completing risk assessments for all the various areas of the bank. Increase overall awareness of ERM in your bank.

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. How to complete the ERM risk assessment matrix
  7. Benefits of having an ERM program established

Topic Background

Enterprise Risk Management (ERM) has been around since the 1980’s but it has now become more prominent in the community banking industry due to increased global risks. Banks that have an ERM program established are better positioned to grow successfully. The ERM program based on best practices ensures banks have a strong foundation and solid infrastructure which helps them foresee and prepare for future risks while achieving their organization’s vision. In this community bank enterprise risk management training session, we focus on assessing what pieces of the puzzle you already have and how to complete the ERM program at your institution.

Note: This is #1 of 3 in the Malzahn Strategic Enterprise Risk Management for Community Banks training series.

Upcoming Schedule

October 15, 2020 @ 2:00 pm – 3:30 pm

Creating the Right ERM Program for YOUR Community Bank (presenting with the Graduate School of Banking)

View all of Marcia Malzahn’s upcoming training and speaking schedule.

Testimonials

“I was very impressed with your clarity on this subject as well as the level of detail.”

David DeGroot
CFO
Providence Bank & Trust

“I appreciate how you translated very complex information on ERM into an easy to understand format.” 
Soy Winnier

“worth the money AND the time” 
Janice McCracken
CFO
QNB Bank

“I have been listening to your three part series on ERM. I have found it very helpful.” 
Bonita Flynn
Community State Bank

“I enjoyed your webinar this afternoon.”

Casey Turner
Senior Enterprise Risk Management Analyst
First Guaranty Bank

“I really enjoyed your webinar today.”

Robert Stepien
VP BSA/Risk Management
BCB Community Bank

“The webinar had some great information.”

Jessica Conlon
Compliance Officer
Align Credit Union

Keep up to date on Malzahn Strategic’s community bank and credit union training schedule by signing up for our monthly “Learning with Marci” newsletter below