ORM/ERM Web Seminar Series:
Making Non-Financial Risk (NFR) More Efficient in Banking
Non-financial risks include operational, compliance, conduct, cyber, environmental, reputational, and strategic risks, factors that don’t directly appear on balance sheets but can cause significant financial and reputational damage. Unlike market or credit risk, NFRs are often harder to quantify and manage because they are interconnected and influenced by human behavior, systems, and external events. Efficient management of NFRs means not only mitigating losses but also embedding risk awareness into decision-making, culture, and operations.
Specific sessions will focus on:
ORM/ERM Web Seminar Session 1: Risk and Control Self-Assessments: Efficiency Priorities
Date: February 19, 2026 12:00 p.m. - 1:00 p.m. ET
During this session, we will address 3 core elements: (1) Harmonization: how to work towards a single, enterprise-wide framework for non-financial risk assessments that eliminates duplication and provides a holistic risk view. (2) Roles and Responsibilities: How to empower the business (1LoD) to own its risks, identify control gaps proactively, and take corrective actions efficiently and clarify 2LoD oversight boundaries, focusing on challenge, aggregation, and thematic analysis rather than rework. (3) Best Practices: how to address Risk Acceptance Processes (Policy, IT, 3P Exceptions).
ORM/ERM Web Seminar Session 2: Compliance’s Role in UDAAP-Fraud Integration
Date: February 26, 2026 12:00 p.m. - 1:00 p.m. ET
Traditionally, fraud was seen purely as a financial crime or operational risk issue protecting the bank’s assets and customers from criminal activity.
However, regulators increasingly view fraud handling and prevention practices through a consumer fairness lens. That means how a bank prevents, detects, investigates, and resolves fraud can trigger UDAAP exposure if it harms or misleads consumers. During this session we will talk about UDAAP-Fraud Risk Intersections in Practice including current expectations as well as Emerging Areas of UDAAP + Fraud Intersection.
ORM/ERM Web Seminar Session 3: Change Management Risk
Date: March 5, 2026 12:00 p.m. - 1:00 p.m. ET
Change management risk refers to the potential negative outcomes associated with implementing changes in an organization—whether it’s technology, processes, organizational structures, or culture. Poorly managed changes can disrupt operations, reduce employee morale, breach compliance, or damage reputation. We will cover various types of change management risks as well as mitigation strategies that are essential for reducing risk in future changes.
