2015 Course Handouts

Day 1: The Big Picture

Monday, August 3

Gain an understanding of NCUA's expectations on risk and credit union enterprise risk management (ERM). You'll hear directly from NCUA staff and hear what other regulators deem important risks to consider. Courses include:

NCUA's Expectations and The 7 Types of Risk

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Larry Fazio, Director, Office of Examination and Insurance, NCUA

NCUA reviews your credit union for seven large categories of risk. NCUA's Director of the Office of Examination and Insurance Larry Fazio will give you an essential overview of the agency's recommendations when it comes to credit union risk assessments, including how to measure and manage changes. You'll also get the latest updates on guidelines and lessons learned from examinations.

Discussion with an NCUA Regional Director on Risk

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C. Keith Morton, Regional Director – Region 4, NCUA

Gain valuable insight through open dialog with an NCUA regional director and your credit union peers. Learn about NCUA's expectations regarding credit union risk management and what they are looking for during exams.

Regulatory Risk: How Other Regulators are Monitoring Risk Across the Financial Industry

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Alicia Nealon, Director of Regulatory Affairs, NAFCU

Learn about the risks other regulators and industries evaluate when developing their risk management plans, including the CFPB, FinCEn and FDIC. Understand why these risks are important for your credit union to evaluate as part of your overall safety and soundness.

ERM Theory and Perspective

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Angela Patel, Senior Vice President of ERM, PenFed Credit Union; and Doug Webster, Board Member/ERM Chair, PenFed Credit Union

In NCUA's Supervisory Letter on ERM, you will not find a specific framework on the theories and how they apply to your credit union's risk management plan. But understanding the theory is a critical first step in the planning process. Take a deep dive into the theory of risk management with ERM experts Doug Webster and Angela Patel. Learn how to create your own plan if your credit union doesn't have one, or apply the concepts to improve your existing plan.

Case Study: Integrating ERM Throughout Your Credit Union

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Angela Patel, Senior Vice President of ERM, PenFed Credit Union; James Schenck, CEO, PenFed Credit Union; and Doug Webster, Board Member/ERM Chair, PenFed Credit Union

A solid ERM plan for your credit union is only effective if you have buy-in and integration across your board and staff. Gain real-world insight from Pentagon Federal Credit Union's president and CEO, senior vice president of ERM and one of their board members. They'll give you an inside look at how they integrated their strategic concepts with operational implementation. Learn what worked and what didn't work for their credit union and discuss possibilities for yours.

Day 2: Trends and Implementation

Tuesday, August 4

Learn about what's trending and what your credit union peers are doing. Gain information that you can use to improve or create your risk management plan. Courses include:

Credit Union Risk Assessments

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Brad Stewart, NCCO, Director of Enterprise Risk Management & Compliance, IBM Southeast Employees' Federal Credit Union; and Michael Hubbell, Director of Risk Management, Texas Dow Employees Credit Union

A risk assessment is a tool to identify events that are uncertain, can happen in the future, and have an impact on objectives. Learn how to identify these events, techniques for assessing them, pitfalls to avoid, and other areas of practical application. When you're done, you'll have all you need to utilize this process to drive positive change and actionable results at your credit union.

Risk Management Examination & Audit: What to Expect. How to Prepare.

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Rusty Vellek, Compliance Officer, Transportation Federal Credit Union

Learn firsthand from credit unions that have been through an exam and discover what regulators have looked for regarding risk. Gain a better understanding of which areas are targeted and what you can do to prepare for an inevitable exam.

Traditional Risk Management Practices

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Mike Martin, Risk Manager, FedChoice Federal Credit Union

To pursue the ultimate goal of ERM for your credit union, you must first know and understand the seven defined areas of risk management. Understanding these areas will help you recognize how they all tie together to determine the net risk to the life of your credit union and determine how much risk your credit union can afford to take on (risk appetite).

Credit Union Vendor Management and Associated Risks

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Michael Hubbell, Director of Risk Management, Texas Dow Employees Credit Union; and Mike Martin, Risk Manager, FedChoice Federal Credit Union

While vendor management isn't new to the credit union industry, recent NCUA efforts to attain regulatory approval of third party vendors suggests additional scrutiny of vendor management programs. With data breaches being attributed to vulnerabilities at the vendor level, organizations are expected to demonstrate robust programs for managing the hazards that can result from third party relationships. Hear how two credit unions approach vendor management in order to maintain compliance and reduce financial and reputational harm.

Cybersecurity and Risk in the New World of Data Breaches

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Mike Martin, Risk Manager, FedChoice Federal Credit Union

Data security is one of the nation's biggest challenges and must be addressed in your credit union risk management plan. Discover the latest trends when it comes to data security in the financial services industry and get a comprehensive review of the regulatory and best practice elements that support the need and requirement to keep our credit unions safe.

Day 3: Data, Discussion and (Optional) Designation

Wednesday, August 5

Gain a hands on understanding of what other credit union risk management plans look like and learn about what the industry is doing regarding risk. Courses include:

Results of NAFCU's Credit Union Risk Survey

Curt Long, Director of Research/Chief Economist, NAFCU; and JoAnn Tolentino, Director of Sales, Quantivate

NAFCU's chief economist will unveil the results of NAFCU's first annual Credit Union Risk Survey. Use this data to benchmark your credit union against industry peers while setting goals to improve your risk management plan over the coming year.

Credit Union Risk Management Plan Workshop and Group Discussion

JoAnn Tolentino, Director of Sales, Quantivate

Bring your current risk management plan for review and input, or start a new one. Gain valuable insight from discussion with your peers on their credit union's risk management plan development process and implementation.

Certification Exam Testing

At the end of day three, you'll have the opportunity to take the optional exam to earn the designation of NAFCU Certified Risk Manager (NCRM). Earning your NCRM title demonstrates that you thoroughly understand ERM methodology and NCUA regulatory requirements and that you're prepared to deal with the unique threats your credit union faces.

Attending all courses earns 16.5 CEUs toward NCCO certification renewal.