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CUNA Enterprise Risk Management Certification School

October 6-8, 2021, Las Vegas, NV


7:30am - 8:30am - Registration and breakfast

8:30am - 9:00am - Welcome, CUNA, Rochdale

9:00am - 9:15am - Why Are We Here and How Does All This Risk Stuff Fit Together? Rochdale

  • Review key school details to ensure the best learning experience
  • Gain an understanding of how the curriculum ties together

9:15am - 10:00am - Understanding ERM, Rochdale

  • Define enterprise risk management (ERM) and related terms
  • List the benefits and objectives of ERM
  • Learn how to overcome objections

10:00am - 10:15am - Break

10:15am - 10:45am - Group 1 Exercise: Your Credit Union and Risk Management, Rochdale

10:45am - 11:45am - Risk Management Fundamentals, Rochdale

  • Learn the history of risk management
  • Understand the evolution of risk management
  • Gain insight into ERM (Enterprise Risk Management) methodology
  • Discuss credit risk, risk-based lending and pricing
  • Learn the basics of ALM (Asset Liability Management)

11:45am - 12:45pm - Networking Lunch

12:45pm - 1:45pm - Risk Identification, Scenario Development and Assessment, Rochdale

  • Learn how to identify and assess risk exposures
  • Discuss developing global scenarios
  • Understand how to source and manage emerging risks
  • Discuss the periodic ERM update process

1:45pm - 2:15pm - Gaining Organizational Buy-in Discussion/Group Exercise 2, Rochdale

  • Discuss how to drive real results and value
  • List the progression of risk
  • Explain the GRC (Governance, Risk & Compliance) value proposition
  • Understand how to create an integrated ERM (Enterprise Risk Management) framework
  • Hear dialogue around overcoming the challenges of gaining internal buy-in

2:15pm - 2:30pm - Break

2:30pm - 3:15pm - Current Risk Topics, Rochdale

  • Examine CECL's (Current Expected Credit Losses) Effects on Allowance for Loan and Lease Loss Calculations
  • Analyze the process of stress testing
  • Discuss ideas and best practices for quantifying risks
  • Discuss trending risk topics

3:15pm - 4:00pm - ERM Regulatory, Legal, Liability, and Policy Issues, Rochdale

  • Understand legal and liability concerns
  • Discuss ERM policy
  • Learn about business judgment case law

4:00pm - 4:15pm - Daily Review (optional), Rochdale

  • Review key content from day 1 sessions
  • Have an opportunity to ask questions

7:30am - 8:00am - Breakfast

8:00am - 8:45am - Group Exercise 3: Risk ID and Assessment Demonstration, Rochdale

8:45am - 9:30am - Group Exercise 4: Functional Area Working Session, Rochdale

9:30am - 9:45am - Break

9:45am - 10:45am - Risk Appetite, Rochdale

  • Learn how to create risk appetite surveys and statements
  • Discuss developing risk tolerance metrics
  • Review risk appetite best practices

10:45am - 11:00am - Break

11:00am - 12:15pm - Economic Capital and Capital Adequacy, Rochdale

  • Understand the process of estimating economic capital
  • Discuss the NCUA RBC (Risk-Based Capital) rule
  • Learn about the Basel and simulation economic capital approaches
  • Understand Monte Carlo simulations 

12:15pm - 1:15pm - Networking Lunch

1:15pm - 2:00pm - Group Exercise 5: Risk Appetite, Rochdale

2:00pm - 2:30pm - ERM and Strategic Planning, Rochdale

  • Identify opportunities to integrate ERM in the strategic planning process
  • Learn how to conduct risk centric strategic planning
  • Understand how to tie risks to objectives
  • Learn how to assess strategic risks

2:30pm - 2:45pm - Break

2:45pm - 3:15pm - ERM Roles and Responsibilities, Rochdale

  • Discuss ERM governance
  • Outline the key components of a strong risk culture
  • Define various ERM roles and responsibilities

3:15pm - 3:45pm - Group Exercise 6: Risk Centric Planning, Rochdale

3:45pm - 4:15pm - Psychology of Risk, Rochdale

  • Define risk and discuss risk perception
  • Learn about behavioral influences and bias on risk perception

4:15pm - 4:30pm - Daily Review (optional), Rochdale

  • Review key content from day 2 sessions
  • Have an opportunity to ask questions

7:30am - 8:00am - Breakfast

8:00am - 9:00am - ERM Reporting amd Analysis, Rochdale

  • Understand the importance of reporting
  • Define the risk management committee’s role
  • Learn about the key components of board and management reporting 
  • Discuss key performance indicators
  • Discuss tracking actual losses 

9:00am - 9:05am - Break

9:05am - 9:35am - ERM Integration with Other Risk Functions, Rochdale

  • Discuss integrating ERM throughout the organization
  • Review the three lines model
  • Discuss how vendor management and other various risk assessments relate to ERM
  • Understand the role of internal audit 

9:35am - 9:50am - Daily Review (optional)

  • Review key content from day 3 sessions
  • Have an opportunity to ask questions

9:50am - 11:00am - Study Time

11:00am - 12:30pm - Credit Union Enterprise Risk Management Expert (CUERME) Certification Exam (optional), CUNA