Virtual Risk Management Seminar

The conference emcee will guide you through the conference events and through the NCRM testing and recertification.

Administration change. Pandemic. Recession. Hear from NAFCU on the state of the credit union industry and what you can expect in regulatory oversight as we close out 2021 and enter 2022.

What has the last decade taught us about future economic and business fluctuations? Examine key learnings and insights, and how you can apply those lessons to an enhanced ERM strategy that addresses an increased level of risk and compliance burden in an efficient and effective way.

The risks continue to escalate as digital and AI advancements move rapidly. What exposures have we uncovered when reacting too quickly? Protect your organization's reputation and brand as you respond to crisis and the competitive landscape.

As businesses reopen and federal assistance comes to an end, will our local businesses simply survive or once again thrive? How will consumer loan demand respond in our new world? In many respects, we’re still in uncharted waters. You'll learn ways to help navigate uncertain times to protect your credit union against credit risk.

Since no one can accurately predict the future, it is critical to incorporate scenario planning into the balance sheet strategy decision-making process. Thinking through possibilities and potential impacts, before events occur, results in making better and more informed decisions – in a timely matter. Too often, when people hear scenario planning, they think of a complex, boring process that leads to nowhere.  It doesn’t have to be this way. In this session, participants will discover how scenario planning results in better balance sheet strategies and leads to stronger competitive positioning. You will also learn engaging ways to create and work through scenarios, so that cross-functional teams want to be part of the process. Engaging cross-functional teams is necessary to ensure broad, diverse, and deep thinking.

Fraudsters are exploiting every real and perceived vulnerability at your credit union. A surge of high profile cyber attacks have caused shutdowns and shortages around the country. Cybersecurity risk prevention is a top priority. What are the areas you need to focus on in the months and years ahead? Use these risk mitigation strategies to protect your credit union from the true cost.

Modifications and forbearance programs helped assist homeowners struggling to make their payments as result of the COVID-19 pandemic. Now that these periods of assistance are ending, how will borrowers resume mortgage payments? How can you respond?

Since unplanned events can have a devastating effect on your business operations, you need to be proactive and not reactive. Learn what lessons you can take away from the COVID-19 pandemic and how your business continuity plan (BCP) can be shifted moving forward. Proper planning with a solid BCP and crisis response will protect your credit union and boost your ability to respond quickly and effectively to internal and external threats.

The physical and mental well-being of staff has become a major concern in attracting and retaining your most valuable asset. Learn about handling people risks, including stress, anxiety, and burnout.

Litigation risk is a major threat facing credit unions today. Assess your exposure early by evaluating the potential risks and costs that can result from legal actions. You'll also explore the increasing pressures on overdraft programs and developing a plan to supplement fee income.

Electronic banking services have accelerated since the pandemic. When offering electronic banking services, you need a comprehensive risk assessment and mitigation strategy. Learn what you need to know to safeguard your members.

Find out how data and technology can help you gain a better understanding of your credit union's risk profile. Meaningful analytics will detect patterns and forecast models to protect your credit union.

What does NCUA's introduction of "S" to the CAMEL rating system mean for you? The "S" factor and redefined liquidity component are expected to be introduced in early 2022. You'll also learn about the new NCUA derivatives rule and the new principles-based approach.

Receive a wrap-up of the day’s events and guidance on studying for the NCRM exam from Devon Lyon, conference emcee.

Now, more than ever, you need a vendor management program that protects your credit union and its members from negative impacts of third party relationships. Find out the necessary steps needed: from due diligence, risk assessment, contract review, to ongoing monitoring.

Criminals are on the offensive, constantly developing new ways to attack your members. And the opportunity and incentive to commit fraud is increasing. We'll evaluate the current trends to help you develop the preventative measures necessary to combat the fraudsters as you take these risk events into consideration in your strategic planning process.

Receive a wrap-up of the day’s events and guidance on studying for the NCRM exam from Devon Lyon, conference emcee.

You'll have the opportunity at this time to earn the prestigious designation of NAFCU Certified Risk Manager (NCRM) to show that you understand credit union enterprise risk management (ERM) methodology and NCUA regulatory requirements for risk. You may also schedule your exam at a time that is convenient for you. Your NCRM exam will be proctored in a virtual environment by ProctorU. The exam questions are derived directly from the conference sessions. A passing grade is 76% correct.