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In 2017, financial institutions will hear much more about innovative financial technology (FinTech) companies, distributed ledgers (like blockchain), and cryptocurrencies (like Bitcoin). While industry experts agree that “seamless integration with third parties” will be key for institutions going forward, many still fear the threats posed by FinTechs and new technologies transforming financial services. 2017 will be marked by continued “fintegration” (i.e., financial institutions and FinTechs coming together through powerful API platforms that expedite evolution of digital channels, enable mobile-first services, and improve user experience (UX)). These API platforms are what will ultimately give financial institutions the flexibility to partner with a growing array of best-of-breed FinTechs in ways that will enrich, extend, and differentiate their digital services. Join us for a bottom-line look at the latest financial technologies and companies, how banks are leveraging them, and what it all means for community banks and their future.
HIGHLIGHTS
FinTechs, fintegration, and the future of banking
The real threat to community banks: other financial institutions and silent churn
The unbundling and rebundling of banking: collaboration vs. disruption
API platforms: connecting banks and FinTechs
What they are, how they work, and why they matter
API models for now, soon, and later
Blockchain bottom-lined: how and when distributed ledgers will matter
Emerging techs reshaping payments
Voice-commerce; mobile order-ahead-&-pay, buy-online-pick-up-in-store
TAKE-AWAY TOOLKIT
Directory of open APIs: “The Programmable Web” site
Checklist: how to classify and assess FinTechs (disruptors vs. partners)
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? This presentation is designed for executives, officers, and staff responsible for the strategy, assessment, and implementation/operation of emerging technologies and FinTech partnerships vital to the ongoing viability of the bank. This topic’s strategic implications also merit the attention of board members participating on the bank’s IT and risk committees.
ABOUT THE PRESENTER – Lee Wetherington, Jack Henry & Associates, Inc.®, Director of Strategic Insight for ProfitStars®, a division of Jack Henry & Associates®. He directs the development of actionable insight and strategy for the financial services industry. To this end, he creates programs, presentations, and articles designed to orient and educate financial executives on the trends and implications of new technologies. Lee has delivered over 400 keynotes nationwide focusing upon opportunities and challenges in payments and the online/mobile/social channels, and is widely renowned for his unique style of comedic delivery. His articles and commentary have been widely published across the financial services industry. Lee received bachelor degrees in Economics and English from Duke University in 1990, and, in 1993, he completed graduate studies at Emory University. In 1995, he earned the distinguished Accredited ACH Professional (AAP) certification from the National Automated Clearing House Association (NACHA).
Showing posts with label Risk Management. Show all posts
Showing posts with label Risk Management. Show all posts
(04/12/17) Risk Management Series: Developing a Risk-Based Compliance Audit for Your Loan Portfolio
Register Today!
Enforcement actions and civil money penalties for lending violations can be expensive! This program will address how to develop a dynamic, risk-based loan audit program that can prevent violations and protect your financial institution’s reputation. Learn which lending regulations apply, how to maximize limited time and resources, and how to implement effective corrective action. You will also learn how to use risk-assessment tools, develop a testing schedule, and determine the sample size for transaction testing. Critical elements for testing key lending regulations, writing audit reports, and many practical tips for a successful deposit compliance program will be covered.
HIGHLIGHTS
What are the benefits of using a risk-based compliance audit program for lending?
How are loan audit risk assessments completed?
What are the current hot buttons in loan audits and fair lending?
Five steps for a successful risk-based audit program
How to determine the audit scope and frequency
What are the eight elements of an audit program?
What type of corrective action should be recommended in an audit report?
TAKE-AWAY TOOLKIT
Template for audit work papers based on loan compliance exam procedures
Sample checklists for selected lending regulations
Fair lending risk assessment template
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Compliance officers, Chief Credit Officers, auditors, loan operations, and risk managers.
ABOUT THE PRESENTER – Susan Costonis, Compliance Consulting and Training for FIs, a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real life examples.
Enforcement actions and civil money penalties for lending violations can be expensive! This program will address how to develop a dynamic, risk-based loan audit program that can prevent violations and protect your financial institution’s reputation. Learn which lending regulations apply, how to maximize limited time and resources, and how to implement effective corrective action. You will also learn how to use risk-assessment tools, develop a testing schedule, and determine the sample size for transaction testing. Critical elements for testing key lending regulations, writing audit reports, and many practical tips for a successful deposit compliance program will be covered.
HIGHLIGHTS
What are the benefits of using a risk-based compliance audit program for lending?
How are loan audit risk assessments completed?
What are the current hot buttons in loan audits and fair lending?
Five steps for a successful risk-based audit program
How to determine the audit scope and frequency
What are the eight elements of an audit program?
What type of corrective action should be recommended in an audit report?
TAKE-AWAY TOOLKIT
Template for audit work papers based on loan compliance exam procedures
Sample checklists for selected lending regulations
Fair lending risk assessment template
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Compliance officers, Chief Credit Officers, auditors, loan operations, and risk managers.
ABOUT THE PRESENTER – Susan Costonis, Compliance Consulting and Training for FIs, a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real life examples.
(03/22/17) Account Documentation Series: Opening Deposit Accounts Online: Rules, Risks & Best Practices
Register Today!
Electronic banking continues to evolve, and financial institutions must work hard to keep pace with technology, regulatory requirements, and cyber security challenges. Recent surveys indicate that 51% of U.S. adults use an online banking application. This fast-paced session will cover the required disclosures for opening deposit accounts, E-SIGN compliance, due diligence for CIP under the Bank Secrecy Act, and best practices for opening deposit accounts online. This session will include a review of the six-step process for consumer consent and common challenges with deposit account opening procedures.
HIGHLIGHTS
Which deposit regulations are related to E-SIGN and have specific compliance provisions?
Common questions for E-SIGN
Six-step consumer consent process
Availability of paper delivery or paper copies
Consent choices
Consumer actions
Hardware and software requirements
Affirmative consent
After-consent disclosure
Basic steps for E-SIGN implementation
Getting started and CIP due diligence
Identify pain points
Vendor selection considerations
Assessing the risk – current expectations from the FFIEC for cyber security risk assessment
TAKE-AWAY TOOLKIT
Current exam procedures and resources for online banking
E-SIGN checklist and answers to common questions
Social media policy template
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? E-banking compliance and will benefit compliance officers, risk managers, operations managers, business development managers, and others responsible for managing online banking, E-SIGN compliance, e-statements, and e-disclosures.
ABOUT THE PRESENTER – Susan Costonis, Compliance Consulting and Training for FIs, compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real life examples.
Electronic banking continues to evolve, and financial institutions must work hard to keep pace with technology, regulatory requirements, and cyber security challenges. Recent surveys indicate that 51% of U.S. adults use an online banking application. This fast-paced session will cover the required disclosures for opening deposit accounts, E-SIGN compliance, due diligence for CIP under the Bank Secrecy Act, and best practices for opening deposit accounts online. This session will include a review of the six-step process for consumer consent and common challenges with deposit account opening procedures.
HIGHLIGHTS
Which deposit regulations are related to E-SIGN and have specific compliance provisions?
Common questions for E-SIGN
Six-step consumer consent process
Availability of paper delivery or paper copies
Consent choices
Consumer actions
Hardware and software requirements
Affirmative consent
After-consent disclosure
Basic steps for E-SIGN implementation
Getting started and CIP due diligence
Identify pain points
Vendor selection considerations
Assessing the risk – current expectations from the FFIEC for cyber security risk assessment
TAKE-AWAY TOOLKIT
Current exam procedures and resources for online banking
E-SIGN checklist and answers to common questions
Social media policy template
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? E-banking compliance and will benefit compliance officers, risk managers, operations managers, business development managers, and others responsible for managing online banking, E-SIGN compliance, e-statements, and e-disclosures.
ABOUT THE PRESENTER – Susan Costonis, Compliance Consulting and Training for FIs, compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real life examples.
(Recording + Free Digital Download) Hot Issues in Cyber Compliance, Including Recent Changes to the IT Handbook
Email to order the Recording + Free Digital Download
The proactive development of a robust and sustained information security program is critically important to the safety and soundness of your financial institution’s operations. Aligned with NIST’s framework and FFIEC’s Cybersecurity Assessment Tool, the amended Information Security Booklet, one of the 11 booklets that make up the Information Technology Handbook (IT Handbook), was updated to “help examiners measure the adequacy of an institution’s culture, governance, information security program, security operations, and assurance processes.”
This webinar will provide a high-level, non-technical overview of FFIEC’s amendments to the Information Security Booklet and how the updates can impact your financial institution’s information security program.
HIGHLIGHTS
Overview of Information Security Booklet’s examination procedure changes: Elimination of Tier I and Tier II procedures creating a single risk-based safety and soundness examination protocol
Information Security Booklet’s alignment with FFIEC’s cybersecurity assessment tool
FinCEN’s new cyber-event and cyber-enabled crime reporting expectations and impact on monitoring
Overview of FFIEC’s three actionable bullet points to ensure a robust information security program:
Support the institution’s IT risk management process by identifying threats, measuring risk, defining information security requirements, and implementing controls
Integrate with lines of business and support functions in which risk decisions are made
Integrate third-party service provider activities with the information security program
White House statement on the report of the Commission on Enhancing National Cybersecurity
TAKE-AWAY TOOLKIT
FFIEC’s Information Security Booklet weblink (September 2016)
FinCEN’s cyber-event advisory with frequently asked questions (October 2016)
Commission on Enhancing National Cybersecurity report (December 2016)
Automated FFIEC cybersecurity assessment tool spreadsheet (FS-ISAC)
Template for wire authentication and validation procedures
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Risk management, including information security, risk, compliance, audit, and legal staff, as well as board and audit committee members.
ABOUT THE PRESENTER – Brian W. Vitale, NCCO, CAMS-Audit, Compliance Advisory Services, earned his Political Science degree from North Central College in 1996 and an MBA from the University of Notre Dame in 2014. Brian was recruited by the National Security Division of the FBI where he specialized in counterterrorism and foreign counterintelligence. In addition, he is a decorated veteran who served in Guantanamo Bay, Cuba in the early 1990s. Subsequent to the FBI, Brian spent many years in banking and finance where his skills led him to the field of Global Operational Risk Management. He has over 23 years of banking, finance, and investigative experience. In July 2011, Brian joined a community financial institution and currently serves as their chief risk and compliance officer. He speaks nationally on BSA, anti-money laundering, enterprise risk management, cybersecurity, and strategy.
The proactive development of a robust and sustained information security program is critically important to the safety and soundness of your financial institution’s operations. Aligned with NIST’s framework and FFIEC’s Cybersecurity Assessment Tool, the amended Information Security Booklet, one of the 11 booklets that make up the Information Technology Handbook (IT Handbook), was updated to “help examiners measure the adequacy of an institution’s culture, governance, information security program, security operations, and assurance processes.”
This webinar will provide a high-level, non-technical overview of FFIEC’s amendments to the Information Security Booklet and how the updates can impact your financial institution’s information security program.
HIGHLIGHTS
Overview of Information Security Booklet’s examination procedure changes: Elimination of Tier I and Tier II procedures creating a single risk-based safety and soundness examination protocol
Information Security Booklet’s alignment with FFIEC’s cybersecurity assessment tool
FinCEN’s new cyber-event and cyber-enabled crime reporting expectations and impact on monitoring
Overview of FFIEC’s three actionable bullet points to ensure a robust information security program:
Support the institution’s IT risk management process by identifying threats, measuring risk, defining information security requirements, and implementing controls
Integrate with lines of business and support functions in which risk decisions are made
Integrate third-party service provider activities with the information security program
White House statement on the report of the Commission on Enhancing National Cybersecurity
TAKE-AWAY TOOLKIT
FFIEC’s Information Security Booklet weblink (September 2016)
FinCEN’s cyber-event advisory with frequently asked questions (October 2016)
Commission on Enhancing National Cybersecurity report (December 2016)
Automated FFIEC cybersecurity assessment tool spreadsheet (FS-ISAC)
Template for wire authentication and validation procedures
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Risk management, including information security, risk, compliance, audit, and legal staff, as well as board and audit committee members.
ABOUT THE PRESENTER – Brian W. Vitale, NCCO, CAMS-Audit, Compliance Advisory Services, earned his Political Science degree from North Central College in 1996 and an MBA from the University of Notre Dame in 2014. Brian was recruited by the National Security Division of the FBI where he specialized in counterterrorism and foreign counterintelligence. In addition, he is a decorated veteran who served in Guantanamo Bay, Cuba in the early 1990s. Subsequent to the FBI, Brian spent many years in banking and finance where his skills led him to the field of Global Operational Risk Management. He has over 23 years of banking, finance, and investigative experience. In July 2011, Brian joined a community financial institution and currently serves as their chief risk and compliance officer. He speaks nationally on BSA, anti-money laundering, enterprise risk management, cybersecurity, and strategy.
(ON DEMAND) The Growing Scope of Vendor Management: Business Continuity, Cyber Security, Contract Negotiation & More
Email to order the Recording + Free Digital Download
Regulatory oversight and scrutiny of financial institutions’ third-party risk management practices have increased considerably. There is growing pressure on the risk management structure at every institution. Whether it’s heightened focus on cyber security, the need for more rigorous monitoring, or the basics of good vendor management, how can a responsible compliance manager keep up? This webinar will provide an overview of the regulations, real-life examiner expectations, and best practices from a vendor management perspective.
HIGHLIGHTS
Basic principles of vendor management
Review of regulatory authorities’ guidance
Common pitfalls and how to avoid them
Framework for creating a manageable and scalable third-party risk management program
TAKE-AWAY TOOLKIT
Cheat sheet on the core concepts of vendor management, including links to regulatory guidance
Vendor management due diligence checklist
Exam preparation e-book
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Compliance personnel, IT management, internal auditors, risk management staff, chief operating officers, and chief risk officers.
ABOUT THE PRESENTER – Branan Cooper, Venminder, Chief Risk Officer who has over 25 years’ experience in the financial industry with a focus on the management of internal processes and controls – most notably in third-party risk and operational compliance. Branan joined Venminder from Bancorp Bank where he was senior VP and Director of Third-Party Risk Management. He has held similar positions with PartnersFirst, the credit card division of Western Alliance Bancorp, and at MBNA America. A frequent speaker at industry events, Branan received his Bachelor’s from Duke University and completed the Graduate School of Retail Bank Management and the ABA’s Graduate School of Compliance Management.
Regulatory oversight and scrutiny of financial institutions’ third-party risk management practices have increased considerably. There is growing pressure on the risk management structure at every institution. Whether it’s heightened focus on cyber security, the need for more rigorous monitoring, or the basics of good vendor management, how can a responsible compliance manager keep up? This webinar will provide an overview of the regulations, real-life examiner expectations, and best practices from a vendor management perspective.
HIGHLIGHTS
Basic principles of vendor management
Review of regulatory authorities’ guidance
Common pitfalls and how to avoid them
Framework for creating a manageable and scalable third-party risk management program
TAKE-AWAY TOOLKIT
Cheat sheet on the core concepts of vendor management, including links to regulatory guidance
Vendor management due diligence checklist
Exam preparation e-book
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Compliance personnel, IT management, internal auditors, risk management staff, chief operating officers, and chief risk officers.
ABOUT THE PRESENTER – Branan Cooper, Venminder, Chief Risk Officer who has over 25 years’ experience in the financial industry with a focus on the management of internal processes and controls – most notably in third-party risk and operational compliance. Branan joined Venminder from Bancorp Bank where he was senior VP and Director of Third-Party Risk Management. He has held similar positions with PartnersFirst, the credit card division of Western Alliance Bancorp, and at MBNA America. A frequent speaker at industry events, Branan received his Bachelor’s from Duke University and completed the Graduate School of Retail Bank Management and the ABA’s Graduate School of Compliance Management.
(ON DEMAND) Recognizing & Responding to Elder Fraud: What Every Staff Member Should Know
Email to Order the Recording + Free Digital Download
Elder fraud will be the fastest growing crime in the next ten years. The reason is simple: baby boomers are aging and criminals consider them the new hunting ground. The abuser is most likely a family member or caregiver who has worked with senior citizens in a previous job. If an abuser is successful in depleting a victim’s account, your financial institution may become involved in litigation.
This webinar will cover the warning signs and provide practical hands-on training methods that have worked for other financial institutions. The focus will be on the types of transactions that allow abusers to gain financial control over senior citizens. This illuminating session will include examples and best practices. Learn how to protect accountholders using simple techniques to handle these difficult situations. This program can be used to train your staff how to identify, evaluate, and report the problem to management.
HIGHLIGHTS
How to work with Adult Protective Services
Understand how easily the elderly can be compromised and why
Techniques criminals use to identify victims
What law enforcement needs to accept a senior citizen case
Why women ages 80-90 are the most likely victims
The one website to use for any type of elder fraud problem
TAKE-AWAY TOOLKIT
Security tips for elder fraud
Incident report for elder fraud
Web resources for elder abuse
FinCEN Advisory FIN-2011-A003
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Frontline staff, customer service representatives, risk management staff, compliance officers, security officers, senior management, and anyone working to combat elder fraud.
ABOUT THE PRESENTER – Barry Thompson, CRCM, Thompson Consulting Group, LLC, is an international speaker, trainer, consultant, and writer. He is a security and compliance “guru” for a leading national training organization and regularly presents security conferences for trade groups. Barry is recognized worldwide, presenting in Brussels, Belgium to European bankers on internal fraud; at the United Nations on identity theft; and to Japanese bankers on bank security. Barry has worked in the financial services industry for over three decades, and has held the positions of security officer, compliance officer, treasurer, senior vice president, and executive vice president. He has handled over 900 security cases and has been involved with investigations and prosecutions at the federal, state, and local levels. Barry is the author of “101 Security Tips for the Beginning Security Officer.”
Elder fraud will be the fastest growing crime in the next ten years. The reason is simple: baby boomers are aging and criminals consider them the new hunting ground. The abuser is most likely a family member or caregiver who has worked with senior citizens in a previous job. If an abuser is successful in depleting a victim’s account, your financial institution may become involved in litigation.
This webinar will cover the warning signs and provide practical hands-on training methods that have worked for other financial institutions. The focus will be on the types of transactions that allow abusers to gain financial control over senior citizens. This illuminating session will include examples and best practices. Learn how to protect accountholders using simple techniques to handle these difficult situations. This program can be used to train your staff how to identify, evaluate, and report the problem to management.
HIGHLIGHTS
How to work with Adult Protective Services
Understand how easily the elderly can be compromised and why
Techniques criminals use to identify victims
What law enforcement needs to accept a senior citizen case
Why women ages 80-90 are the most likely victims
The one website to use for any type of elder fraud problem
TAKE-AWAY TOOLKIT
Security tips for elder fraud
Incident report for elder fraud
Web resources for elder abuse
FinCEN Advisory FIN-2011-A003
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Frontline staff, customer service representatives, risk management staff, compliance officers, security officers, senior management, and anyone working to combat elder fraud.
ABOUT THE PRESENTER – Barry Thompson, CRCM, Thompson Consulting Group, LLC, is an international speaker, trainer, consultant, and writer. He is a security and compliance “guru” for a leading national training organization and regularly presents security conferences for trade groups. Barry is recognized worldwide, presenting in Brussels, Belgium to European bankers on internal fraud; at the United Nations on identity theft; and to Japanese bankers on bank security. Barry has worked in the financial services industry for over three decades, and has held the positions of security officer, compliance officer, treasurer, senior vice president, and executive vice president. He has handled over 900 security cases and has been involved with investigations and prosecutions at the federal, state, and local levels. Barry is the author of “101 Security Tips for the Beginning Security Officer.”
(ON DEMAND) Director Series: What the Board Needs to Know to Manage IT
Email to Order the Recording + Free Digital Download
How much trouble would your institution be in if its computer systems could not be used for three days? Today’s financial institutions are tremendously dependent on their information systems – in fact they can’t live without them. Proper supervision, governance, and oversight are critical to the success of the bank.
This webinar will explore the directors’ role in providing governance and supervision related to IT management. It will address the necessary frequency and depth of risk assessments; how to structure a standards-based change management process; the core elements of a vulnerability monitoring and management program; and oversight of the incident response program.
HIGHLIGHTS
Review of the FFIEC’s updated guidance for IT risk management (ITRM) including risk identification and management
Change-management and exception-management processes:
System and software development life cycle
Vulnerability management
How to balance the institution’s needs within the constraints of vendor/service provider management
TAKE-AWAY TOOLKIT
Sample policies for vulnerability management
Sample table top exercise for testing your institution’s cyber-incident-response program
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Board members, CEOs, staff responsible for management and oversight of internal audit, IT audit, risk management, and operational management.
ABOUT THE PRESENTER – Randy Romes, CISSP, CRISC, MCP, CliftonLarsonAllen LLP, has been a consultant since 1999 and brings a strong background in computer technology, physics, and education. As a Principal in the Information Security Services Group, Randy leads a team of technology and industry specialists and is responsible for the continuing development of the open-source, Unix, and Windows applications used in security audits. Randy has been involved in developing numerous leading-edge hacking/testing methods and security service offerings. A featured speaker at national information and security management conferences, Randy holds multiple certifications, a Master’s in Educational Technology from the University of Saint Thomas, and a Bachelor’s in Education from the University of Wisconsin – Madison. In addition, he is an instructor at the Graduate School of Banking at the University of Colorado in Boulder.
How much trouble would your institution be in if its computer systems could not be used for three days? Today’s financial institutions are tremendously dependent on their information systems – in fact they can’t live without them. Proper supervision, governance, and oversight are critical to the success of the bank.
This webinar will explore the directors’ role in providing governance and supervision related to IT management. It will address the necessary frequency and depth of risk assessments; how to structure a standards-based change management process; the core elements of a vulnerability monitoring and management program; and oversight of the incident response program.
HIGHLIGHTS
Review of the FFIEC’s updated guidance for IT risk management (ITRM) including risk identification and management
Change-management and exception-management processes:
System and software development life cycle
Vulnerability management
How to balance the institution’s needs within the constraints of vendor/service provider management
TAKE-AWAY TOOLKIT
Sample policies for vulnerability management
Sample table top exercise for testing your institution’s cyber-incident-response program
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Board members, CEOs, staff responsible for management and oversight of internal audit, IT audit, risk management, and operational management.
ABOUT THE PRESENTER – Randy Romes, CISSP, CRISC, MCP, CliftonLarsonAllen LLP, has been a consultant since 1999 and brings a strong background in computer technology, physics, and education. As a Principal in the Information Security Services Group, Randy leads a team of technology and industry specialists and is responsible for the continuing development of the open-source, Unix, and Windows applications used in security audits. Randy has been involved in developing numerous leading-edge hacking/testing methods and security service offerings. A featured speaker at national information and security management conferences, Randy holds multiple certifications, a Master’s in Educational Technology from the University of Saint Thomas, and a Bachelor’s in Education from the University of Wisconsin – Madison. In addition, he is an instructor at the Graduate School of Banking at the University of Colorado in Boulder.
(ON DEMAND) Nonresident Alien Accounts: W-8s, W-8BENs, BSA, Rules & More
Email to Order the Recording + Free Digital Download
Foreign individuals maintaining relationships with U.S. banks can be divided into two categories: resident aliens and nonresident aliens (NRA). An NRA is a non-U.S. citizen who is not a lawful, permanent resident of the U.S. during the calendar year, and who does not meet the substantial presence test, or has not been issued an alien registration receipt card (also known as a green card).
Although NRAs are not permanent residents, they often have a legitimate need to open deposit accounts at U.S. financial institutions. The amount of NRA deposits in the U.S. banking system has been estimated to range from hundreds of billions of dollars to about $1 trillion.
How can you open and maintain deposit accounts for nonresident aliens and maintain IRS and BSA compliance? This webinar will examine the impact of FATCA, the required forms, and the acceptable forms of identification for deposit accounts. It will also address related Bank Secrecy Act issues, including CIP and due diligence requirements.
HIGHLIGHTS
Who is a nonresident alien and what are the IRS and BSA requirements for opening deposit accounts?
What are the requirements for W-8 and W-8BEN forms? What is the most recent IRS guidance?
Common questions about the impact of FATCA and acceptable forms of identification
Due diligence requirements for withholding and the “reason to know” principles
What are the BSA issues and CIP due diligence requirements?
TAKE-AWAY TOOLKIT
New account interview question script
Checklist for CIP compliance
Flowchart for appropriate certification of nonresident alien deposit accounts
Links to important IRS instructions and guidance
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Compliance officers, audit staff, risk managers, senior management, deposit operation managers, new account personnel, and customer service representatives.
ABOUT THE PRESENTER – Susan Costonis, Compliance Consulting and Training for FIs, is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real life examples.
Foreign individuals maintaining relationships with U.S. banks can be divided into two categories: resident aliens and nonresident aliens (NRA). An NRA is a non-U.S. citizen who is not a lawful, permanent resident of the U.S. during the calendar year, and who does not meet the substantial presence test, or has not been issued an alien registration receipt card (also known as a green card).
Although NRAs are not permanent residents, they often have a legitimate need to open deposit accounts at U.S. financial institutions. The amount of NRA deposits in the U.S. banking system has been estimated to range from hundreds of billions of dollars to about $1 trillion.
How can you open and maintain deposit accounts for nonresident aliens and maintain IRS and BSA compliance? This webinar will examine the impact of FATCA, the required forms, and the acceptable forms of identification for deposit accounts. It will also address related Bank Secrecy Act issues, including CIP and due diligence requirements.
HIGHLIGHTS
Who is a nonresident alien and what are the IRS and BSA requirements for opening deposit accounts?
What are the requirements for W-8 and W-8BEN forms? What is the most recent IRS guidance?
Common questions about the impact of FATCA and acceptable forms of identification
Due diligence requirements for withholding and the “reason to know” principles
What are the BSA issues and CIP due diligence requirements?
TAKE-AWAY TOOLKIT
New account interview question script
Checklist for CIP compliance
Flowchart for appropriate certification of nonresident alien deposit accounts
Links to important IRS instructions and guidance
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Compliance officers, audit staff, risk managers, senior management, deposit operation managers, new account personnel, and customer service representatives.
ABOUT THE PRESENTER – Susan Costonis, Compliance Consulting and Training for FIs, is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real life examples.
(ON DEMAND) New FFIEC Guidance on Mobile Financial Services: Evolving Delivery Channels vs. Risk Management Expectations
Email to Order Archived Webinar!
In April 2016, the FFIEC revised their IT Examination Handbook for Retail Payment Systems with the introduction of the new Appendix E: Mobile Financial Services. State and federal regulatory agencies and your internal auditors are almost certainly revising their audit scopes based on this new guidance. As such, expect your next electronic banking or information security audit to include an enterprise-wide risk management review to measure how effectively you manage and mitigate evolving mobile channel risks. This webinar will provide best-practice implementation guidance to flatten the regulatory expectation curve in establishing clear internal control risk assessment protocols to identify, measure, mitigate, and monitor these evolving mobile delivery channel risks.
HIGHLIGHTS
Overview and high-level breakdown of FFIEC’s IT Examination Handbook for Retail Payment Systems
Purpose, scope, and background of Retail Payment Systems new Appendix E: Mobile Financial Services
Definition of mobile financial services and evolution of multifactor approach to risk mitigation
The seven objectives of the Mobile Financial Services’ [Audit] Work-Program to identify your institution’s inherent mobile financial services risks measured against the adequacy of your internal and/or third-party controls
TAKE-AWAY TOOLKIT
Link to Retail Payment Systems new Appendix E: Mobile Financial Services
Sample mobile financial services risk assessment templates
Multifactor risk assessment template
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Electronic processing/information technology/information security personnel, as well as auditors, compliance staff, risk personnel, board members, and audit committee members.
ABOUT THE PRESENTER – Brian Vitale, NCCO, CAMS-Audit, Compliance Advisory Services, earned his Political Science degree from North Central College in 1996 and an MBA from the University of Notre Dame in 2014. Brian was recruited by the National Security Division of the FBI where he specialized in counterterrorism and foreign counterintelligence. In addition, he is a decorated veteran who served in Guantanamo Bay, Cuba in the early 1990s. Subsequent to the FBI, Brian spent many years in banking and finance where his skills led him to the field of Global Operational Risk Management. He has over twenty years of banking, finance, and investigative experience. In July 2011, Brian joined a community financial institution and currently serves as their chief risk and compliance officer. He speaks nationally on BSA, anti-money laundering, enterprise risk management, cybersecurity, and strategy.
In April 2016, the FFIEC revised their IT Examination Handbook for Retail Payment Systems with the introduction of the new Appendix E: Mobile Financial Services. State and federal regulatory agencies and your internal auditors are almost certainly revising their audit scopes based on this new guidance. As such, expect your next electronic banking or information security audit to include an enterprise-wide risk management review to measure how effectively you manage and mitigate evolving mobile channel risks. This webinar will provide best-practice implementation guidance to flatten the regulatory expectation curve in establishing clear internal control risk assessment protocols to identify, measure, mitigate, and monitor these evolving mobile delivery channel risks.
HIGHLIGHTS
Overview and high-level breakdown of FFIEC’s IT Examination Handbook for Retail Payment Systems
Purpose, scope, and background of Retail Payment Systems new Appendix E: Mobile Financial Services
Definition of mobile financial services and evolution of multifactor approach to risk mitigation
The seven objectives of the Mobile Financial Services’ [Audit] Work-Program to identify your institution’s inherent mobile financial services risks measured against the adequacy of your internal and/or third-party controls
TAKE-AWAY TOOLKIT
Link to Retail Payment Systems new Appendix E: Mobile Financial Services
Sample mobile financial services risk assessment templates
Multifactor risk assessment template
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Electronic processing/information technology/information security personnel, as well as auditors, compliance staff, risk personnel, board members, and audit committee members.
ABOUT THE PRESENTER – Brian Vitale, NCCO, CAMS-Audit, Compliance Advisory Services, earned his Political Science degree from North Central College in 1996 and an MBA from the University of Notre Dame in 2014. Brian was recruited by the National Security Division of the FBI where he specialized in counterterrorism and foreign counterintelligence. In addition, he is a decorated veteran who served in Guantanamo Bay, Cuba in the early 1990s. Subsequent to the FBI, Brian spent many years in banking and finance where his skills led him to the field of Global Operational Risk Management. He has over twenty years of banking, finance, and investigative experience. In July 2011, Brian joined a community financial institution and currently serves as their chief risk and compliance officer. He speaks nationally on BSA, anti-money laundering, enterprise risk management, cybersecurity, and strategy.
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