Credit Union Risk Assessments Training

Three Key Risk Assessments in Your ERM Program – ERM, IT, and Internal Controls | Credit Union

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

Credit Union Risk Assessments Training.

This webinar will first take you through a step-by-step process to develop strong Risk Assessments to address key areas of your institution. Then the presenter will specifically focus on three key Risk Assessments you must have as critical components of your ERM Program: the Enterprise Risk Management Risk Assessment, Information Technology Risk Assessment, and the Internal Controls Risk Assessment. You will walk away with practical tools and examples you can implement in your organization immediately.

This webinar is for participants who have a basic foundational knowledge of Enterprise Risk Management and are looking for specific examples on how to complete these three important Risk Assessments. The presenter will focus on how COVID-19 impacted each risk category, the consequences, and mitigating and monitoring tools credit unions can use to mitigate the effects of the Pandemic now and going forward.

Covered Topics:

Part I:

  • ERM quick overview and key definitions
  • Three Key Phases of ERM and how Risk Assessments fit in
  • The Risk Assessment Process
  • ERM Risk Assessment – Complete example: COVID-19 Risk Assessment

Part II:

  • Information Technology Risk Assessment
    • Definitions
    • Areas Assessed
    • Categories Included
  • IT Risk Assessment – Complete example
  • How COVID-19 affected IT Security and Cyber Risk

Part III:

  • Internal Controls Risk Assessment
    • Definitions
    • Areas Assessed
    • Categories Included
  • Internal Controls Risk Assessment – Complete example
  • How COVID-19 affected Internal Controls, Processes, and Procedures

Who Should Attend:

This informative session is designed for Risk Managers and Risk Leaders, Chief Risk Officers, Compliance Officers, Chief Operating Officer, Chief Credit Officer, Internal Auditors, and the entire risk management team.

Why You Should Attend

To learn more in-depth how to complete these three key risk assessments for ERM, IT, and Internal Controls.

Key Learning Objectives

  • Quick overview of ERM key definitions and the three ongoing phases
  • Learn about the Risk Assessment Process and key steps
  • How to identify and assess your institution’s risks using the ERM Risk Assessment Matrix
  • Characteristics of Risk Assessments based on industry best practices
  • How to prioritize your institution’s risks once identified
  • How to complete the IT Risk Assessment
  • How to complete the Internal Controls Risk Assessment

Topic Background

Enterprise Risk Management has been around since the 1980’s but it has now become more prominent in the credit union industry due to increased global risks. Credit unions that have an ERM program established are better positioned to grow successfully. The ERM program based on best practices ensures credit unions have a strong foundation and solid infrastructure which helps them foresee and prepare for future risks while achieving their organization’s vision.

Risk assessments are at the core of the ERM program. Credit Unions need to conduct risk assessments in multiple areas. In this session, Marcia focuses on three key risk assessments.

Note: This is #3 of 3 in the Malzahn Strategic Enterprise Risk Management for Credit Unions training series.

Upcoming Schedule

September 30, 2024 @ 2:00 pm – 3:30 pm (CT)

Three Key Risk Assessments in YOUR ERM Program: ERM, IT, and Internal Controls

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


“My colleagues and I recently participated in your “3 Key Risk Assessments in Your ERM Program” webinar. We genuinely found it to be the most informative and valuable ERM webinar we have ever attended. We were so impressed that we plan to rewatch it using the on-demand playback feature and invite more people to join us.” 
Gina Kapusta
AVP Compliance Officer
Thomaston Savings Bank

“Thank you for your presentation on Three Key Risk Assessments: ERM, IT, Internal Controls. I found it quite informative.” 
A. Kim Crosby
Compliance Risk Specialist
Travis Credit Union

“Thank you so much for sharing your expertise on the webinar…today.” 
Theresa Sherry
VP of Finance
Denver Community Credit Union

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