Enterprise Risk Management Balancing , Appetite & Tolerance Webinar.

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Enterprise Risk Management: Balancing Risk Appetite and Risk Tolerance

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Learning Objectives

To define and explain Enterprise Risk Management (ERM).
To analyze how to establish and manage an ERM function—organization, policies, and processes.
To identify ERM roles, responsibilities, and accountabilities.

Course Description

In today's world of evolving technologies and businesses, financial organizations are taking on increasing levels of risk. This initiative has increased the need to employ appropriate Enterprise Risk Management (ERM) strategies, policies, and processes to identify, monitor, and manage risk at the proper levels. In a world of doing more at a faster pace, companies need to manage their activities in a manner that can allow them to align risk strategies with overall risk management and internal control activities. The inability to do this may put the company at risk of not being able to meet strategic objectives.

The topic of Enterprise Risk Management continues to be an important element for organizations to successfully manage risk. Yet many organizations still approach the effort as a siloed set of processes instead of as an integrated part of business operations.

Key topics covered in this course are:

Definition of ERM
- Enterprise risk management is a framework to reduce earnings volatility through sound risk management capabilities, a robust risk governance structure, and a strong risk culture.
- It is the organization's enterprise risk competence - the ability to understand, control, and articulate the nature and level of all risks across the enterprise taken in pursuit of business strategies which contributes to increased confidence shown by stakeholders.”
- The balance between risk appetite and risk tolerance
The spectrum of ERM risks
- Credit risk
- Market risk
- Liquidity risk
- Operational risk
- Legal risk
- Reputational risk
- Strategic risk
Regulatory expectations for financial organizations’ ERM
- Balanced risk-taking incentives
- Compatibility with effective controls and risk management
- Strong corporate governance
Key steps to ERM implementation and maintenance
- The tone of the organization including risk management philosophy and appetite
- Objectives must be in place before management can determine the events that may impact achievement
- Identify events distinguishing between risks and opportunities
- Analyze risks considering likelihood and impact on an ongoing basis
- Select a risk response – avoid, accept, reduce, or share risk
- Implement policies and procedures to ensure the risk response is carried out
- Information is captured and communicated in a timely fashion up, down, and across the bank
- The entire entity is monitored and modifications are made as required
Risk management hierarchy
- It starts at the top

Join this CPE Finance Webinar, it will cover the basic concepts of Enterprise Risk Management and key elements that finance executives and personnel need to be aware of when implementing ERM across their organizations.

Webinar Qualifies For

1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
1 CPD Credit of Finance for CPA in Canada
1 CPE Credit of Corporate Finance for Certified Management Accountants (CMA)
1 CPE Credit of Finance for Certified Valuation Analyst (CVA)
1 CPD Credit of Finance for Accredited in Business Valuation (ABV)
1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
1 CPD Credit for Chartered Accountant - ICAEW
1 CE Credit of Enterprise Risk Management for Certified Treasury Professional (CTP)
1 CPE Credit of Finance for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
1 CE Credit of General finance principles and financial concepts for Certified FP&A Professional (FP&A)
1 CPD Credit for Chartered Accountants - Scotland
1 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
1 CPD Credit for Financial Risk Manager (FRM)
1 CPD Credit for Chartered Accountants - Ireland (CAI)
1 CPD Credit for CPA - Ireland
1 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
1 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Dev Strischek

Principal, Devon Risk Advisory Group, LLC

A frequent speaker, instructor, advisor and writer on credit risk and commercial banking topics and issues, Dev is principal of Devon Risk Advisory Group and engages in consulting, speaking and training on a wide range of risk, credit, and lending topics. As former SVP and senior credit policy officer at SunTrust Bank, Atlanta, he was responsible for developing, implementing, and administering credit policies for SunTrust's wholesale lines of business--commercial, commercial real estate, corporate investment banking, capital markets, business banking and private wealth management. He also spent three years as managing director and credit approver in SunTrust's Florida commercial lending and corporate investment banking areas, respectively. Prior to SunTrust, Dev was chief credit officer for Barnett Bank's Palm Beach region. Besides stints at other banks in Florida, Kansas City, and Ohio, Dev's experiences outside of banking include CFO of a Honolulu construction company, combat engineer officer in the U.S. Army, and college economics instructor in Hawaii, Missouri, and Florida. A graduate of Ohio State University and the ABA Stonier Graduate School of Banking, he earned his M.B.A. from the University of Hawaii.

Dev serves as an instructor at the Stonier Graduate School of Banking, the Southwestern Graduate School of Banking, and the American Bankers Association's (ABA) Commercial Lending School. His school, conference, and workshop audiences have included participants drawn from the ABA, RMA, OCC, Federal Reserve, FDIC, FFIEC, SBA, the Institute of Management Accountants (IMA) and the AICPA. He worked with RMA to develop, implement, and teach its Critical Thinking course.

Dev has written about credit risk management, financial analysis and related subjects for the ABA's Commercial Insights, the Risk Management Association's RMA Journal, the IMA’s Strategic Finance and other business professional journals. He is the author of Analyzing Construction Contractors and its related RMA workshop. A past national chair of RMA and former Florida Chapter president, Dev serves as a member of the RMA Journal's advisory board. He represented the banking industry as a member of the Financial Accounting Standards Board’s Private Company Council, which reviews and recommends changes to existing and proposed generally accepted accounting principles that make them more cost-effective for privately held companies. Finally, he has consulted on credit risk issues with banks in Morocco, Egypt, and Angola through the US State Department's Financial Service Volunteer Corps (FSVC).

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

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NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.4

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Robert Baker, CPA (US)

Great material, very useful

Jeanette Carmona, CPA (US)

Great course

Kimberly Parker, CPA (US), CTP

Of the myCPE courses I have attended so far, I would rate this one well below the others because the slide deck had too many words, not enough time to read them all, and the instructor's presentation was less than par. Sorry.