This week: Compliance professionals get in-depth training at NAFCU conferences
Hundreds of compliance professionals are in Minneapolis this week for two top-rated NAFCU conferences: Regulatory Compliance School and BSA Seminar. Also this week, the NCUA is offering a webinar on liquidity and interest-rate risk, which is among its supervisory priorities this year.
NAFCU's Regulatory Compliance School is so popular the association offers it twice a year. Attendees have the opportunity to earn the prestigious title of NAFCU Certified Compliance Officer (NCCO), which earned ASAE's 2017 Power of A Gold Award for its the longevity, quality and success in equipping compliance professionals with what they need to succeed and help the industry.
Today at school, attendees will learn about federal credit union governance, field of membership regulations, NCUA supervision and examination process, share insurance requirements and lending regulations. Members of NAFCU's compliance team will lead today's sessions.
The BSA Seminar provides the latest legal and regulatory updates related to Bank Secrecy Act (BSA) and anti-money laundering (AML) requirements. Attendees will hear directly from leading BSA authorities – from the FBI and the Financial Crimes Enforcement Network (FinCEN) – on BSA/AML trends and risks credit unions should be aware of. Attendees also have the opportunity to earn the NAFCU Certified Bank Secrecy Officer (NCBSO) designation.
During today's sessions, credit unions will hear from BSA experts on currency transaction and suspicious activity reporting requirements and related concerns, Office of Foreign Assets Control compliance, NCUA expectations for vendor management, creating a culture of BSA compliance and examination challenges.
Wednesday, the NCUA is offering its webinar on liquidity and interest-rate risk. Learn more about the webinar, how to submit questions and access registration.
While Congress is in August recess, NAFCU's award-winning advocacy team continues to meet on Capitol Hill on key credit union issues. See what the association is focused on, learn more about its upcoming Congressional Caucus and access its Grassroots Action Center.
Add to Calendar 2019-10-17 14:00:00 2019-10-17 14:00:00 Probing Questions to Ask During Risk Review Risk assessments are an essential component of an Enterprise Risk Management (ERM) program. Risk assessments provide measurable metrics to identified risks, allowing the board of directors and management to implement mitigations that minimize the likelihood and impact. The ERM program is an ongoing process and requires active maintenance to remain effective. Risks change over time and the assessments must be updated to reflect this dynamic environment. Each credit union serves different fields of membership and offers unique products and services. The risk assessments should be tailored to each credit union and their exposures to identified risks (strategic, reputation, operational, transaction, credit, compliance, and other risks (e.g. liquidity, interest rate, price, etc.). This webinar will provide you with a foundation and questions to ask when developing and updating your risk assessments. Key Takeaways: Review the right questions to ask to obtain the information required for risk assessments Understand how to define what you want or hope to gain from these questions Register Now Registration is free, but you must register to attend. One registration gives your entire team access to the live webinar and on-demand recording until October 17, 2020Already registered? Go to the Online Training Center to view. Who Should Attend? NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) CEOs, COOs, CFOs, and executive management Risk managers and staff Senior compliance staff Internal audit staff 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 the right questions to ask to obtain the information required for risk assessments. Understand how to define what you want or hope to gain from these questions. 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 Federally-Insured 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 firstname.lastname@example.org America/New_York public
Credits: NCCO, NCRM, CPE
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