TOPIC: ERM

Abrigo Acquires Farin Financial Risk Management

Abrigo, a leading technology provider of compliance, credit risk, and lending software, has acquired Farin Financial Risk Management (FARIN), an industry trendsetter in asset liability management software and advisory services.

FARIN offers services and solutions that are essential for financial institutions in determining interest rate and liquidity risk exposures. Learn more about how Abrigo, now with the added power of FARIN, is making big things happen for community financial institutions.

Read more: https://www.abrigo.com/news/abrigo-acquires-farin-financial-risk-management/

    Is your Early Withdrawal Penalty on Your Risk Assessment?

    President at a bank ($385MUSA)

    If your early withdrawal penalty is "X" months interest, it is a risk to your bank. It will either be too harsh causing depositors to not want your deposit account or too soft allowing depositors to exit your low yielding time deposit to get a higher current yield. Either way the static penalty of X months is a problem. Have you reported it as a risk? Have you analyzed your options?

      Free Webinar: Mitigating Risk with a Solid Enterprise Risk Management Program

      Thursday, March 14 | 1 - 2 p.m. CST
      Enterprise Risk Management

      Save your spot: https://www.abrigo.com/webinars/enterprise-risk-management/

      Failing to institute a strong risk management structure is considered unsafe and unsound conduct in the business of banking. This means risk management is one of the main focuses of examiners, but one size does not fit all. The basic requirements are the same, but examiners expect more detail for larger, more complex institutions. In this webinar, learn what examiners are looking for within your institution to demonstrate strong risk management practices throughout the enterprise and what should be included in your enterprise risk management program. Discover how to ensure your enterprise risk management structure is evolving and growing to manage risk and drive growth at your institution.

      In this webinar, Jessica Caballero, CRCM will cover:

      • What key components you need in a strong enterprise risk management program.
      • What strategic management information systems are key to mitigating certain risks.
      • What examiners are looking for to ensure you have a solid risk management structure.

      Register today: https://www.abrigo.com/webinars/enterprise-risk-management/

        Don't Miss Out! February Webinar - Mastering UDAAP Vendor Risk

        You are invited to our February webinar discussing the do's and don'ts of mastering UDAAP vendor risk. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

        Violations of unfair, deceptive, or abusive acts or practices (UDAAP) are among the most common—and expensive—enforcement actions that banks and credit unions face. Yet these violations don’t occur in a vacuum. They are preventable with careful risk management.

        Join us for an engaging webinar for practical insights into:

        • Activities that pose significant UDAAP risk
        • UDAP vs UDAAP
        • Why consumer complaints matter
        • Analysis of violations: Mortgage servicing and payments (e.g., credit cards and offsets)
        • Avoiding violations with internal and external controls
        • How to risk assess policies and procedures to avoid internal UDAAP transgressions
        • Controlling third-party UDAAP risk

        Don’t miss this opportunity to learn how to manage and mitigate UDAAP risk.

        Register Today!

          2019 CECL Survey - Chance to win a $300 Yeti cooler!

          Each year MST, now Abrigo, has been implementing an allowance survey. This year we’re asking about your progress in the CECL transition, how you are preparing and what you are determining in terms of how CECL will impact your institution. As always, we’ll compile answers and share the results so you can compare what you are doing with your peers. We encourage you to participate. As a token of our appreciation, you will have the chance to win a $300 Yeti cooler or a Bluetooth speaker.

          We wish you a productive and profitable 2019!

          Take the survey: https://www.surveymonkey.com/r/J236LTW

            February Webinar: Mastering UDAAP Vendor Risk

            You are invited to our February webinar discussing the do's and don'ts of mastering UDAAP vendor risk. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

            Violations of unfair, deceptive, or abusive acts or practices (UDAAP) are among the most common—and expensive—enforcement actions that banks and credit unions face. Yet these violations don’t occur in a vacuum. They are preventable with careful risk management.

            Join us for an engaging webinar for practical insights into:

            • Activities that pose significant UDAAP risk
            • UDAP vs UDAAP
            • Why consumer complaints matter
            • Analysis of violations: Mortgage servicing and payments (e.g., credit cards and offsets)
            • Avoiding violations with internal and external controls
            • How to risk assess policies and procedures to avoid internal UDAAP transgressions
            • Controlling third-party UDAAP risk

            Don’t miss this opportunity to learn how to manage and mitigate UDAAP risk.

            Register Today!

              Having trouble keeping up with all these CECL updates?

              CECL is in the news a LOT now that we're less than a year out from the transition. Robert Ashbaugh and Chris Emery are making sure your financial institution understands all of the recent changes and the ways that those changes and proposals might affect your institution's CECL implementation. Tune in for our free webinar in two weeks -- get registered here: http://bit.ly/2GrF1mr

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                Banker's Toolbox + MST + Sageworks are now Abrigo

                Banker’s Toolbox, which acquired MainStreet Technologies (MST) and Sageworks in 2018, announced today that we are now Abrigo. This marks the next step in our continued journey of becoming the technology platform partner of choice for America’s community financial institutions.

                Together, we provide market-leading compliance, credit risk, and lending solutions to community financial institutions to enable you to think bigger, allowing you to both manage risk and drive growth. Our mission to “Make Big Things Happen” reiterates our commitment to helping community financial institutions succeed against “the perfect storm” of ever-changing and increasing regulatory requirements, limited resources, increasing and new competition, evolving technologies, and changing customer expectations.

                Read more here.

                  Don't Miss Out: Free January Webinar on 2019 Risk Trends

                  You are invited to our January webinar discussing the top risk trends to expect in 2019. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

                  What does 2019 hold for risk, and what can you do about it? From fintech to Brexit and everything in between, this engaging webinar will explore the most notable risk trends for 2019 and what they mean for the industry and your institution.

                  You’ll gain insights into a variety of known and emerging risks addressing:

                  • Technology investments & cyber risk
                  • Compliance
                  • Economic issues
                  • Industry concentration & the environment
                  • Competition - including products and markets
                  • M&A activities & de novos

                  This analysis of the industry’s most recent trends will give you the information you need to get 2019 off to a strong start.

                  Register Today!

                    How the Government Shutdown is Affecting Regulatory Agencies

                    Good afternoon, Bankers! Today's topic is the current government shutdown. This post originally appeared on the Ncontracts blog.

                    How the Government Shutdown is Affecting Regulatory Agencies

                    The partial government shutdown has furloughed workers at the national parks, the Smithsonian museums, the IRS, courts, and other federal institutions, but enforcement actions from federal banking agencies continue...

                    READ THE FULL PDF: Download the attached PDF

                      Free January Webinar: Top Risk Trends of 2019

                      You are invited to our January webinar discussing the top risk trends to expect in 2019. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

                      What does 2019 hold for risk, and what can you do about it? From fintech to Brexit and everything in between, this engaging webinar will explore the most notable risk trends for 2019 and what they mean for the industry and your institution.

                      You’ll gain insights into a variety of known and emerging risks addressing:

                      • Technology investments & cyber risk
                      • Compliance
                      • Economic issues
                      • Industry concentration & the environment
                      • Competition - including products and markets
                      • M&A activities & de novos

                      This analysis of the industry’s most recent trends will give you the information you need to get 2019 off to a strong start.

                      Register Today!

                        Yule Shoot Your Eye Out: Classic Holiday Movie Characters That Underestimated Risk

                        Hello, Bankers! Holiday movies are a great distraction from the rush of the season, and quite a few of them contain great lessons in risk. We took a look at five classics. This post originally appeared on the Ncontracts blog.

                        Yule Shoot Your Eye Out: Classic Holiday Movie Characters That Underestimated Risk

                        Holiday movie characters consistently underestimate risk - characters often rely on faulty logic or fail to think through their actions. Read on for some of my favorite examples of classic holiday movie characters that underestimate risk...

                        READ THE FULL PDF: Download the attached PDF

                          Last Chance - Free December Webinar: Tracking Exam and Audit Findings

                          You are invited to our December webinar discussing best practices for tracking and avoiding exam and audit findings. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

                          Standard compliance protocols are set to ensure that processes are followed by management and employees, internal audit, external audit, and government review. In spite of those checks and balances, examiners and auditors uncover deficiencies in your processes, and it falls to your team to resolve them. These issues can be the proverbial ‘hot potato’ on who takes the necessary action on the findings. It’s common for the findings to revolve around third-party risk, business continuity issues, and compliance areas. This webinar will address:

                          • The dangers of only using Excel spreadsheets to manage findings
                          • Best practices for policies and procedures to avoid findings in the first place
                          • How to track to guarantee complete remediation of findings
                          • The benefits of testing your remediation to ensure changes take effect
                          • Best practices of vendor management, business continuity planning, and compliance to help your financial institution avoid findings

                          Register Today!

                            Shelved Elves: Santa Ponders the Risks and Rewards of Outsourcing Toy Making

                            Hello, Bankers! Ever wonder what would happen if Santa outsourced toy making to third-party vendors? We did. This post originally appeared on the Ncontracts blog.

                            Shelved Elves: Santa Ponders the Risks and Rewards of Outsourcing Toy Making

                            It’s crunch time at the North Pole, and Santa is worried. Despite his elves’ best efforts, he’s not sure they are going to be able to produce all the toys he needs by Christmas Eve. He’s wondering if it might be a good idea to outsource toy making...

                            READ THE FULL PDF: Download the attached PDF

                              Free December Webinar! Tracking Exam and Audit Findings

                              You are invited to our December webinar discussing best practices for tracking and avoiding exam and audit findings. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

                              Standard compliance protocols are set to ensure that processes are followed by management and employees, internal audit, external audit, and government review. In spite of those checks and balances, examiners and auditors uncover deficiencies in your processes, and it falls to your team to resolve them. These issues can be the proverbial ‘hot potato’ on who takes the necessary action on the findings. It’s common for the findings to revolve around third-party risk, business continuity issues, and compliance areas. This webinar will address:

                              • The dangers of only using Excel spreadsheets to manage findings
                              • Best practices for policies and procedures to avoid findings in the first place
                              • How to track to guarantee complete remediation of findings
                              • The benefits of testing your remediation to ensure changes take effect
                              • Best practices of vendor management, business continuity planning, and compliance to help your financial institution avoid findings

                              Register Today!

                                Webinar: Interpreting CECL Modeling Results

                                For those who are currently building out their CECL models, did your results not match your expectations? Are you confused on what to do next?

                                Join us on Monday, December 10th from 1:30-2:30 p.m. ET. for an interactive walkthrough of common modeling problems and questions. Common questions include:

                                • What happens if I don’t have enough loan-level historical data?
                                • What do I do if my results are zero?
                                • Are there shortcuts for anticipating when certain approaches won’t work before building models to test?

                                Sageworks risk management consultants Brandon Quinones and Danny Sharman will answer these questions and discuss how results can be interpreted and pivoted to other approaches that may provide more transparent outcomes.

                                Register now: https://web.sageworks.com/interpreting-cecl-results/

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