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.
- 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
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, 2020
Already 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
- 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.