TOPIC: Risk

Moble Risk Management

VP at a bank ($200MUSA)
If you are an OCC regulated bank, wanted to see if any of you have taken action (i.e. developed a program/policy/inventory/action plan) in response to the OCC’s guidance on Model Risk Management (http://www.occ.gov/news-issuances/bulletins/2011/bulletin-2011-12.html)  We are a small community bank looking for any guidance you might have.   It would be great if you have a policy or a template of a policy to share.  
Thank you 

    Free Webinar | Considerations for Automating AML Monitoring | Earn 1 CAMS Credit

    Friday, September 20, 2019
    2:00 PM ET / 1:00 PM CT
    Presented by Kevin Gulledge, CAMS
    Register today! 

    Financial institutions have many choices when it comes to AML solutions. These solutions can be very complex in nature, or they can sometimes be very basic. Join us for this free webinar where we will discuss the top issues that bank and credit union management faces when selecting, implementing, and using an automated AML monitoring software solution. We will look at the challenges faced by the financial institutions including discussions about policies and procedures, customer and transactional data, budget constraints, core systems, teller systems and more.
    Join to learn:
    • Understand the different types of automation that can support your financial institution’s BSA/AML program
    • Identify common points of failure that institutions may have in implementing a solution along with recommended solutions
    • Explain the implications that your BSA Program and Policies and Procedures may have on vendor or software selection
    Save your seat! 

      CECL, Portfolio Risk, Credit and Lending Conference | ThinkBIG | September 24 - 26, Orlando, Florida

      There are only four days left until registration ends for the biggest CECL, portfolio risk, and lending and credit conference of the year - ThinkBIG!

      When: September 24-26
      Where: Loews Sapphire Falls Resort at Universal Orlando | Orlando, FL
      Who: Anyone involved in CECL/ALLL, portfolio risk, or credit and lending. Common titles include CFO, Controller, VP of Finance, Credit Analyst, CCO, CRO, Credit Admin and Loan Admin.

      Are you managing risk and driving growth at your financial institution? Do you need ideas to think bigger about portfolio risk, CECL, or lending and credit? The ThinkBIG Conference presented by Abrigo was created to give you the educational tools and concrete ideas to Manage Risk. Drive Growth.  

      Hear from FASB's Hal Schroeder, FINCURA's Max Blumenthal, Q6 Cyber's Eli Dominitz, economist Tom Cunningham, PhD, and a full roster of Abrigo's industry experts at this year's conference. 

      Be prepared to Think Bigger with insights and information critical to your lending strategies, mitigating credit risk, and the transition to and implementation of the new allowance accounting standard over the course of three days of compelling educational content and networking.  

      If you have responsibilities related to CECL and the ALLL at your institution, or if you want to know more about how CECL will impact your institution or you want to grow your loan portfolio quicker and more efficiently while driving profitability, this is the one conference this year you cannot afford to miss.

      Earn up to 14 CPEs! 
      Register today and save! 

        Indirect MRBs

        Employee at a bank ($2.2BUSA)
        Good Morning, 
               Does anyone have a sample of their pre-on boarding guidelines for banking indirect MRB relationship (or tier II or III)? Everything I have seen is entirely focused on a direct (touch) relationship.


        Thank you. 

          Educational Webinar | Employee Fraud: Understanding the Threat from Within - Join us Sept 4

          September 04 at 12:30 PM - 01:30 PM EST
          Employee Fraud: Understanding the Threat from Within
          The role of monitoring in reducing the reputational and financial risks of internal fraud


          Register Now

          Financial institutions are especially vulnerable to employee fraud, as fraudsters within the organization have access to large amounts of personal identification information and financial transactional data, along with access to customer accounts. Join us as we discuss how such schemes can add up to significant fraud losses, the financial and reputational risks, and how employee fraud can also enable other illicit activity.

          In this presentation, you will learn:
          • The scale of the crime of employee fraud, including the potential for losses and compliance considerations
          • Review tactics internal bad actors use to commit fraud against financial institutions
          • Best practices to mitigate losses and protect your institution from internal threats, including appropriate monitoring and fraud controls
          Register Now

            Demonstration | End-to-End High-Risk Customer Management & CDD/EDD - Join us September 11

            September 11 at 12:30 PM - 01:30 PM EST
            End-to-End High-Risk Customer Management & CDD/EDD
            Segmentation, Stratification, Surveillance & EDD Workflows for High-Risk Customers


            Register Now

            How accurate is your institution’s customer risk profile? A one-size-fits-all approach to customer risk can lead to thousands of high-risk customers being flagged for continuous review, increasing your workload.
             
            Verafin’s end-to-end solution for High-Risk Customer Management and CDD/EDD helps you effectively manage higher-risk categories of customers, including ATM Owners, MRBs, MSBs, NGOs, and more.

            Join us as we demonstrate how Verafin identifies and categorizes high-risk customers, and stratifies the risk within each category. Through ongoing surveillance, Verafin provides a more accurate picture of your institution’s risk profile to strengthen your end-to-end CDD/EDD program.

            Register Now

              Demonstration | BSA/AML Compliance and Management: Uncover Suspicious Activity & Strengthen Compliance - Join us Aug 29

              BSA/AML Compliance and Management
              Uncover Suspicious Activity & Strengthen Compliance

              August 29 at 12:30 PM - 01:30 PM EST

              Register Now

              Today’s landscape of changing regulatory requirements creates enormous pressure for compliance professionals to uncover potential money laundering and stay ahead of suspicious activity. Yet, many financial institutions still rely on legacy systems, broad rules and manual processes to manage daily compliance tasks.

              Join us as we demonstrate how Verafin’s Financial Crime Management platform uses a big data intelligence approach, leveraging artificial intelligence and machine learning to significantly reduce false positives and generate a higher quality of alerts. You’ll see how Verafin enhances anti-money laundering efforts with complete BSA/AML functionality to strengthen compliance and enhance your ability to detect, investigate and report potentially suspicious activity.

              Highlights of this software demonstration will include:
              • Risk-rated targeted BSA/AML alerts and scenarios
              • High-Risk Customer Management and end-to-end CDD/EDD
              • Alert threshold testing and performance monitoring
              • Integrated financial crime Case Management
              • Automated regulatory reporting of SARs and CTRs
              • 314(b) Information Sharing
              Register Now

                Infographic | Managing & Mitigating Risk - Challenges of CDD/EDD for Higher-Risk Customers

                Financial institutions are facing significant Customer and Enhanced Due Diligence (CDD/EDD) challenges for higher-risk categories of customers as outlined in the FFIEC BSA/AML Examination Manual.

                This infographic provides an easy-to-understand overview of high-risk customers, including expectations from examiners for risk-based procedures, a visualization of progressive methods of due diligence and suspicious activity reporting, current challenges of conventional CDD/EDD approaches, and how to strengthen compliance with an end-to-end approach to high-risk customer management.

                  Upcoming CECL, Portfolio Risk, Credit, and Lending Conference | ThinkBIG - September 24-26

                  There are only four days left until regular registration ends for the biggest CECL, portfolio risk, and lending and credit conference of the year - ThinkBIG!

                  When: September 24-26
                  Where: Loews Sapphire Falls Resort at Universal Orlando | Orlando, FL
                  Who: Anyone involved in CECL/ALLL, portfolio risk, or credit and lending. Common titles include CFO, Controller, VP of Finance, Credit Analyst, CCO, CRO, Credit Admin and Loan Admin.

                  Are you managing risk and driving growth at your financial institution? Do you need ideas to think bigger about portfolio risk, CECL, or lending and credit? The ThinkBIG Conference presented by Abrigo was created to give you the educational tools and concrete ideas to Manage Risk. Drive Growth.  

                  The conference brings together industry thought leaders and experts, financial institution peers, CPAs, auditors and regulators for three days of compelling educational content and networking. Be prepared to Think Bigger with insights and information critical to your lending strategies, mitigating credit risk, and the transition to and implementation of the new allowance accounting standard.  

                  If you have responsibilities related to CECL and the ALLL at your institution, or if you want to know more about how CECL will impact your institution or you want to grow your loan portfolio quicker and more efficiently while driving profitability, this is the one conference this year you cannot afford to miss. 

                  Earn 14 CPEs! 
                  Register today and save! 

                    Educational Webinar | Employee Fraud: Understanding the Threat from Within - Join us Sept. 4

                    September 04 at 12:30 PM - 01:30 PM EST
                    Employee Fraud: Understanding the Threat from Within
                    The role of monitoring in reducing the reputational and financial risks of internal fraud


                    Register Now

                    Financial institutions are especially vulnerable to employee fraud, as fraudsters within the organization have access to large amounts of personal identification information and financial transactional data, along with access to customer accounts. Join us as we discuss how such schemes can add up to significant fraud losses, the financial and reputational risks, and how employee fraud can also enable other illicit activity.

                    In this presentation, you will learn:
                    • The scale of the crime of employee fraud, including the potential for losses and compliance considerations
                    • Review tactics internal bad actors use to commit fraud against financial institutions
                    • Best practices to mitigate losses and protect your institution from internal threats, including appropriate monitoring and fraud controls
                    Register Now