Cybersecurity & Third-Party Risk Management Bundle AND ESG Webinar Bundle On Demand

Hire a Hacker
Speaker: Rob Shapland, Head of Cyber Professional Services, Falanx Cyber
 
More and more banks are employing so-called “ethical hackers” to locate the cracks in their cybersecurity frameworks. Learn about what ethical hackers do and the very latest cyber threats to financial institutions in this informative session.
 
Preparing for Open Banking
Speakers: 
- Craig Borysowich, Principal Technology Architect, Payments Canada
- Stella Cabrera, Chair of the RMA Toronto Chapter
- Biju Suresh Babu, Managing Director, Banking & Financial Services, Fiorano Software
-Simon Kalechstein, Sr. Partner, IBM Financial Services
- Michelle Beyo, CEO & Founder, Finavator
 
Open banking will allow consumers and businesses to have information at their banks shared with other banks and fintechs, helping them more easily optimize their services and shop for better rates. It will also present a host of risks and opportunities that institutions must prepare for. Learn about examples of and experiences with open banking in jurisdictions where open banking is already a reality, and how to make the coming system a benefit to your bank.

Ransomware: Cyber And Regulatory Concerns
Speaker: Annmarie Giblin, Founding and Principal Attorney, Giblin Law PLLC
 
Cybersecurity has been identified by RMA as a top risk for financial institutions for awhile now. Recently, a specific type of cybersecurity, ransomware, has been phishing its way into and wreaking havoc on security systems at financial institutions. It is now a major risk and regulatory concern for financial institutions, with the threat of ransomware now attracting its own regulatory attention.
 
C-suite, risk managers, insurance managers, compliance professionals, and legal professionals at financial institutions will not want to miss out on this timely webinar. Annemarie Giblin, a cyber attorney and thought leader in the legal arena of cybersecurity, will walk participants through the current and growing ransomware risk that financial institutions are facing, as well as dig into the increasing regulatory concerns surrounding ransomware, including the recent federal guidance on ransomware.

We will discuss best practices for how to minimize these ransomware risks, including a discussion on cyber incident response planning and how to best address these risks within an institution’s overall compliance program.
 

A Risk Management Framework for Managing Fintech Partnerships & Third-Party Relationships (GCOR Session June 8, 2021)
Speakers: 
- George Buchanan, Chief Risk Officer- Consumer and Wealth Management, Regions Bank
- Marty Mitchell, Managing Director, ProBank Austin
 
Technology has introduced a wide array of new entrants into the financial services industry, causing considerable disruption to the traditional banking activities of gathering deposits, making loans, and managing investments. As a result, many banks are seeking ways to partner with third-parties in an effort to educate themselves, provide a pathway to new capabilities, and generate additional sources of revenue growth. These partnerships require thoughtful planning, a well-defined strategy, and examination of various risks and potential mitigation strategies that must be considered.

This session will provide a framework for risk management and business leaders to consider as they evaluate various partnership options, illustrating the impact this framework can have on the overall control environment while also providing clear and tangible evidence to internal and external oversight bodies of a well-planned, thoughtfully executed approach to these engagements. 
 
Key Takeaways for Participants:

• Examine the critical risk implications that should be considered prior to exploring partnerships with fintech organizations.
• Gain insight into successful creation of strong controls and governance practices; understand how this benefits the Bank and partner organizations.
• Understand the key monitoring processes that are necessary to success and how these can be leveraged to mitigate risks. 

De-Risking Third Party Concentration Risk (GCOR Session, June 10, 2021) 
 
Speaker: Linda Tuck Chapman, CEO, Third Party Risk Institute Ltd. Author of Third Party Risk Management: Driving Enterprise Value
 
Third party concentration risk can be a double-edged sword. There are many types of third party concentration risk – activity, entity, geographic, and cloud. These concentrations bring scale, delivering measurable benefits that come from scaling up, notably lower direct and indirect costs. But a serious risk event will have a commensurate impact on your organization’s resiliency, customers, and cost to recover.
 
During this session, you’ll learn:

• The most prevalent types of third party concentration risk
• Identifying exposure and understanding the implications
• How 4th party relationships impact third party concentration risk
• If and how to mitigate third party concentration risk

AND

Environmental, Social and Governance is a rapidly growing concern and space for the financial industry and is top of mind for regulators. ESG is also an immediate priority of the new administration. Institutions are quickly responding in their growth strategies and risk management execution. RMA has bundled five ESG themed webinars for you.

1. ESG Policy & Procedures
Speakers:
Edward P. Schreiber, Retired Chief Risk Officer, Zions Bancorporation
Betty M. Huber, Esq. Co-Head Environmental, Social & Corporate Governance Group, Davis Polk & Wardwell

Recent events have brought into sharp focus the importance of environmental, social and corporate governance (ESG) topics. This session will contextualize the most pressing ESG factors affecting financial institutions and provide insight on best practices to effectively manage ESG risks. Risk management professionals will learn more about how ESG can play a role at their organization, including in making investment decisions, overseeing reputational risk and developing appropriate policies and disclosures.
Objectives:
• Understand how financial institutions are thinking about and impacted by a variety of ESG-related risks.
• Examine best practices for financial institutions to effectively manage ESG-related risks and opportunities.

2. Climate Risk Assessment – 2020, 2021 and Beyond
Speakers: Jeff Weaver, EVP & Chief Qualitative Risk Officer, KeyCorp

Whether an emerging risk, a risk type, or a risk driver, climate change risk has the potential to impact financial stability and must be factored into?the operating strategy of most financial institutions. Climate change and the consequences from an expected remediation effort present risks, special challenges and opportunities for banks. The potential for outsized losses on climate-sensitive assets caused by environmental shifts, transition to a low-carbon economy, or unexpected devaluation of franchise value, has led to a significant increase in climate risk assessment activities by investors, banks and regulatory agencies.
 
To ensure these stakeholders have sufficient information to evaluate latent financial and non-financial climate related risks, banks will need to embark on a new effort to identify, assess and disclose their internal views on the impact of climate change risk of the strategies and risk taking activities within the firms.?This session will discuss the governance, strategic, and risk management implications of this emerging risk, the potential financial impact to the US financial system, the growing regulatory focus in the US and the challenges ahead as banks work to adjust operating strategies, broaden risk identification and accelerate efforts to define the target state of modified risk management frameworks and operating models, in line with a growing expectation for disclosure. We will also highlight a few tools, practices and processes, essential components of effective climate-related risk management, that may aid in the design and implementation of a robust climate-related risk oversight program.
 
Session Learning Objectives:
• Define Climate Change risk, why is it seen as the top emerging risk, address its designation (i.e., new risk type or new risk driver)?
• Learn the risks of climate change to the financial system, estimate global economic loss, climate change risks, stakeholder interests
• Outline the regulatory response to date (global and US)
• Provide a road map to implementation

3. Impact of Climate Change on the Financial Services Industry
Speakers: Dr. Chris Wedding, Founder of Entrepreneurs for Impact

Join Dr. Chris Wedding, Founder of Entrepreneurs for Impact, to hear about the hot topic of how climate change could impact risk in the financial industry.
Discussion topics will include:
• What are examples of billion-dollar financial impacts that climate risks posts for the banking and insurance industries
• How are the major ratings agencies changing their position to recognize climate risks
• How are SASB, TCFD, CDP, and other sustainability reporting programs catalyzing changes in corporate climate strategy
• How might the SEC begin to require climate risk disclosure under the Biden administration
• How can climate change create new areas for business growth in the risk industry
• What innovative startups and business models can help manage these risks
Dr. Chris Wedding is the founder of Entrepreneurs for Impact and is an Executive in Residence at the Fuqua School of Business, where he teaches energy finance and management consulting via the Fuqua Client Consulting Practicum (FCCP), and an Associate Professor with the Nicholas School of the Environment at Duke University, where he teaches on corporate sustainability strategy, green real estate, and clean energy. His professional focus includes environmental entrepreneurship, renewable energy finance, green real estate innovation, and corporate sustainability strategy.

4. Best Practices in Environmental Risk Management
Speaker: Derek Ezovski, President of Outsourced Risk Management Solutions LLC (ORMS)

Please join us for this upcoming event to learn the following best practices:
1. Outsourcing Environmental Risk Management – the benefits and the potential pitfalls and how to maximize the effectiveness of your program.
2. How lenders making sure that their consultants are qualified makes the whole environmental process work better.
3. How a well thought out environmental policy can provide effective risk management and a competitive advantage for your bank
4. Using an escalation process for environmental due diligence
5. How has COVID changed the due diligence process
6. Dealing with renewals with a more conservative, updated environmental policy. How to work with existing borrowers with new requirements.
This webinar will be presented by Derek Ezovski, President of Outsourced Risk Management Solutions LLC (ORMS), a company dedicated to helping financial and real estate firms manage their environmental risks. As an outsourced risk manager for its clients, ORMS helps them evaluate, develop, implement and monitor their environmental due diligence policies and procedures to manage these risks in a simple and cost-effective manner.

5. COMING SOON ON AUGUST 12TH: The Impact of Regulation and Legislation on Lending to Marijuana-Related Businesses
Speakers: Stanley S. Jutkowitz, Leader, Seyfarth’s Cannabis Law

Will federal cannabis legalization come to fruition in 2021? Currently pending before Congress, the Secure and Fair Enforcement (SAFE) Banking Act and the Marijuana Opportunity Reinvestment and Expungement (MORE) Act would directly impact the ability of banks to lend and provide financial services to the cannabis industry, if either are enacted into law. In addition to examining the potential effects of this pending legislation, the webinar will also discuss other laws and regulations applicable both to marijuana and hemp (CBD) banking