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Creating the Right Enterprise Risk Management (ERM) Program for YOUR Credit Union

Topic: ERM
Audience: Credit Unions
Format: 90 Minute Webinar or 2-Hour Workshop

Are you creating your first ERM Program for your credit union? Do you want to ensure your current program is complete yet keep it simple? If yes to either question, this webinar is for you! Credit Unions have to have processes, policies, and procedures in place in order to assess and manage the risks on their balance sheet. Marcia shares the fundamental pieces of the ERM puzzle, how they relate to each other, and how to integrate your ERM program into the credit union’s Strategic Plan. Having built an ERM program 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 credit union. Marci 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 credit union’s assets while fulfilling your credit union’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 areas 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
  • ERM Program Flowchart

Who Should Attend:

Chief Risk Officers, Risk Managers, Chief Credit Officers, Chief Financial Officers, Compliance Officers, Internal Auditors, Board Directors who want to learn more about ERM, 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 credit union. This webinar will help your institution 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 institution. Increase overall awareness of ERM in your credit union.

Key Learning Objectives

  • Increase overall knowledge of ERM and what it means to have an ERM Program
  • Understand the three ongoing phases of ERM
  • Understand how ERM is integrated into the Strategic Plan
  • How to integrate other ERM components into it
  • How to create an ERM Committee Charter
  • How to complete the ERM Risk Assessment Matrix
  • Benefits of having an ERM Program established

Upcoming Schedule