Ultimate responsibility for your institution’s risk management program at your institution lies with your Board of Directors. Your examiners will evaluate the overall effectiveness of management and the board by analyzing:
- Board and senior management oversight;
- Policies, procedures, and limits;
- Risk monitoring and management information systems; and
- Internal controls
To facilitate this review your examiners will utilize reports and minutes from board and sub-committee meetings to confirm whether management is effectively communicating with the board and that the board has appropriate oversight over risk management, compliance, operations, and financials. Therefore, receiving clear, concise, complete information is critical to a board’s decision making. This invaluable session will include the types of reports to include in board packages. We will discuss how these reports should be utilized to ensure your directors are receiving the pertinent details needed to stay informed of issues impacting your institutions and to make effective, risk-based decisions on behalf on its behalf. We will also address how to recognize “red flags” in Board reports.
What You’ll Learn
- Understand the responsibilities of and examiner expectations for your directors
- Utilize checklists to track that corporate documents, policies and reports are appropriately reviewed by the Board
- Review compliance exception reports
- Discuss key details the board needs to approve policies, risk assessments and audit/exam reports.
- Explain key information from lending reports, including tracking concentrations, stress testing, and LTV standards
Who Should Attend
This informative session is designed for Directors, Compliance Officers, Risk Managers, Senior Management, Board Secretary, and Auditor.