Compliance, Risk & BSA

NAFCU Certified Compliance Officer (NCCO) Program

NAFCU Certified Bank Secrecy Officer (NCBSO) Program

NAFCU Certified Risk Manager (NCRM) Program

June 02, 2020 Add to Calendar 2020-06-02 14:00:00 2020-06-02 14:00:00 Creating the Right Enterprise Risk Management (ERM) Program for Your Credit Union Are you creating your first Enterprise Risk Management (ERM) Program for your credit union? Do you want to ensure your current program is complete yet keep it simple? Credit Unions need to have processes, policies, and procedures in place in order to assess and manage the risks on their balance sheet. During this webinar, Malzahn Strategic President and Founder Marci Malzahn shares the fundamental pieces of the ERM puzzle, how they relate to each other, and how to integrate your ERM program into your credit union’s strategic plan. Having built an ERM program from scratch, Marci Malzahn describes the various components of a strong ERM program.  Key Takeaways Review a general background and key definition for ERM Identify the specific building blocks and components of an ERM Program Discuss the three key areas of ERM Understand how to create an ERM Committee Charter and choose the right ERM Committee members Learn how to integrate the ERM Program into your strategic plan Review top risk categories and definitions Discuss the ERM Risk Assessment Matrix Register Now$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until June 2, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) Chief Risk Officers Chief Credit Officers Chief Financial Officers Risk Managers Compliance Officers Internal Auditors Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar. NCRMs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Associate Director of Education, NAFCU Learning Objectives: Review a general background and key definition for ERM. Identify the specific building blocks and components of an ERM Program. Discuss the three key areas of ERM. Understand how to create an ERM Committee Charter and choose the right ERM Committee members. Learn how to integrate the ERM Program into your strategic plan. Review top risk categories and definitions. Discuss the ERM Risk Assessment Matrix. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Management Services - Technical National Association of Federal Credit Unions (NAFCU) 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. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU digital@nafcu.org America/New_York public

Creating the Right Enterprise Risk Management (ERM) Program for Your Credit Union

Credits: NCCO, NCRM, CPE

June 04, 2020 Add to Calendar 2020-06-04 14:00:00 2020-06-04 14:00:00 BSA for Seasoned BSA Officers Without question, these are challenging times for BSA/AML officers, made even more challenging by the COVID-19 pandemic.  The Bank Secrecy Act (BSA) was enacted in 1970 to combat organized crime and tax evasion.  In the 1980s and 1990s, its focus became money laundering and narcotics trafficking, and then, after 9/11, it became a primary weapon against terrorist financing.  The BSA has now evolved to include areas such as human trafficking, elder abuse, and a host of other financial crimes.  At the same time, regulatory requirements and examiner expectations have continued to expand, adding to compliance costs and burdens.  New technologies have emerged that could potentially increase the effectiveness and efficiency of the system, but also create vulnerabilities that can be exploited by criminals.  Meanwhile, there is a growing consensus for BSA reform within the financial services industry, among the regulators, and in Congress, but reform efforts to date have been modest, and reform bills introduced in the Congress have stalled.  During this webinar, we will discuss the latest regulatory guidance, and examiner expectations in the BSA/AML area.  We will also discuss emerging high-risk areas provide practical advice on how to navigate the issues and mitigate risks.  This webinar will provide seasoned BSA officers with a better understanding of the challenges they face, and discuss ways to ensure that they meet those challenges. PROGRAM UNDERWRITTEN BY   Key Takeaways Understand how BSA/AML requirements and examiner expectations continue to evolve and expand, increasing compliance costs and challenges Review how modern technology can increase effectiveness and efficiencies, but also create vulnerabilities Discuss the consensus for BSA reform within the financial services industry, and among regulators and legislators Identify how the COVID-19 pandemic creates its own set of challenges in the BSA/AML area Register Now$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until June 4, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Bank Secrecy Officers (NCBSOs) NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) BSA, AML staff Risk, audit, fraud staff Education Credits NCBSOs will receive 1.5 CEUs for participating in this webinar. NCCOs will receive 1.5 CEUs for participating in this webinar. NCRMs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Education Manager, NAFCU Learning Objectives: Understand how BSA/AML requirements and examiner expectations continue to evolve and expand, increasing compliance costs and challenges. Review how modern technology can increase effectiveness and efficiencies, but also create vulnerabilities. Discuss the consensus for BSA reform within the financial services industry, and among regulators and legislators. Identify how the COVID-19 pandemic creates its own set of challenges in the BSA/AML area. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Specialized Knowledge - Technical National Association of Federal Credit Unions (NAFCU) 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. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU digital@nafcu.org America/New_York public

BSA for Seasoned BSA Officers

Credits: NCCO, NCRM, NCBSO, CPE

June 04, 2020 Add to Calendar 2020-06-04 14:00:00 2020-06-04 14:00:00 Credit Loss in the Time of COVID-19: Methods to Better Prepare Your CU About the Webinar Credit unions have experienced unanticipated, rapid, and systemic shock. The initial losses are already staggering, with the full magnitude of the crisis yet-to-be determined. While new jobless claims may be leveling off, the number of people continuing to receive unemployment benefits could remain at record levels for many months to come. Whether responding to the current crisis environment, or planning for eventual recovery and rebuilding phases, credit unions are forced to throw out and rethink all of their previous forecasts. In this webinar, we’ll discuss: Evolving methods and variables for reasonable and supportable forecasting New tools and resources to augment internal processes and staffing levels - with ways to quickly adapt for risk assessments and mitigation Techniques and resources available to credit unions to interpret macro-economic variables into actionable intelligence on their portfolios How credit unions can assess potential losses under multiple scenarios and time horizons to help appropriately manage credit risk Register for the Webinar Web NAFCU digital@nafcu.org America/New_York public

Credit Loss in the Time of COVID-19: Methods to Better Prepare Your CU