Duration: 60 Minutes
Presenters: Missouri Corporate Credit Union CEO, Kitty Gray & LogicManager CEO, Steven Minsky.
You have an enterprise risk management role, which is just one of your many responsibilities. These new responsibilities did not come with new resources. You hardly have enough time to do anything more than interview managers and report on the results, and yet you hear the drumbeat of steadily increasing expectations from your management, regulators, and the NCUA.
In this webinar, each of the following top 5 best practices will be reviewed with step-by-step tutorials and examples on how to achieve them from where most organizations are currently:
- Taking a root-cause approach
- Standardizing assessment scale and criteria with risk assessment templates
- Linking risks to controls
- Connecting risks to strategic goals
- Embedding risk assessments in everyday activities
You will learn how to apply these best practices to your non-ERM areas of responsibility to gain more time for expanding these ideas to other areas in your Credit Union. The key is being able to compare operational risk assessment information across functions and levels while keeping one comprehensive risk picture.