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Risk Management Officer: Expectations & Responsibilities

Nov 18 2:00 PM - Nov 18, 2020 3:30 PM
Nov 18, 2020 2:00 PM - 3:30 PM

Risk management officers are credit unions’ internal watchdogs. Through constant vigilance and enterprise risk management (ERM) programs, they guard against compliance risks, conduct risk assessments, ensure monitoring and testing are conducted, etc. Join us to learn more about their role, responsibility, and reach.

Learning Objectives

  • Clearly explain, identify, and document inherent and residual risks
  • Use risk assessments as a roadmap for scheduling monitoring processes, internal and external audits, and staff training
  • Define components of an enterprise risk management (ERM) program
  • Develop risk reporting that includes emerging trends and developments tailored to the relevant audience
  • Expand communication channels to gather risk data, confirm effectiveness of controls, and engender a risk culture throughout the institution

Risk management officers fulfill a robust role. They must understand the institution’s compliance risks, confirm that appropriate monitoring and testing are conducted, and ensure that both internal and external changes are properly managed. A working knowledge of the numerous compliance regulations is essential to ensure that the institution is generating compliant documents. In addition, communication with the board, management, and staff is a critical element of success. This webinar will provide the tools and best practices necessary to manage and fulfill the expectations and responsibilities of being a risk management officer.

Agenda

Speakers

Molly Stull, Brode Consulting Services, Inc.

Molly Stull began her career as a teller while working on her undergraduate degree and
has continued working in the financial industry ever since. She has experienced the
growth of a hometown bank, branch mergers, charter changes, name changes, etc. Molly
has activated business resumption plans, performed secondary market quality control
reviews, processed wires, filed SARs, and coordinated reviews with external auditors and
examiners. Her favorite role has always been educating staff and strongly believes that if
staff understands the reason for a process they will be more compelled to follow the
procedures. Molly holds a bachelor’s from the University of Akron and an MBA from
Ashland University.

Location

Fees

$259.00

Live and recorded webinar, handouts, quiz with answer key and training log are included.

Additional Info

Risk Officer Series

This webinar is also available as part of a four-part series. Purchase the full series of four webinars for $933 and save over $100.

Learn more >>

 

Event Type

Webinar

Topics Covered

  • Live Webinars
  • Fraud, Security & Technology
  • Compliance