Strong Risk Management

In today’s heightened regulatory environment it is important for your organization to move from a satisfactory risk management program to a strong one. Kathleen A. Flannery, SVP & Chief Risk Policy Officer, PNC, discusses her organization’s process to strengthen their risk management program. According to Flannery to be “strong” an organization needs a strong risk culture and an influential and highly effective risk management organization.

Flannery is an Associate member of RMA and a member of RMA’s ERM Council. The RMA ERM Council recently developed a risk appetite workbook which provides meaningful content and a practical approach for financial institutions to clearly articulate the types of risks they want to own or mitigate.   

Listen to podcast here.  

Enterprise Risk Management and Governance

Edward P. Schreiber, Managing Director, Alvarez & Marsal Financial Industry Regulatory Services, discusses the critical areas surrounding enterprise risk management and governance.  Schreiber will highlights what you should have in place from a governance standpoint: a well-established governance program be put in place by the board which prescribes independence, for reporting, by the ERM function; and that the reporting is in line with the bank's complexity and/or size.

Schreiber is a member of RMA's ERM Council.

 Listen to podcast here.    

Scenario Analysis and Stress Testing

Bill Nayda, Ph.D., Co-founder and principal of Second Pillar Consulting (SPC), describes how scenario analysis and stress testing lay the foundation for a well-functioning ERM program.

Nayda refers to the Scenario Analysis and Stress Testing for Workbook for Community Banks as a helpful tool in providing steps on how to start a stress testing program and how to use and measure results. 

Second Pillar Consulting developed and teaches RMA's ERM for Community Banks. 

Listen to podcast here.