7:30 – 8:30 a.m. - Registration and breakfast 

8:30 – 9:15 a.m. - Introduction to ERM Certification School

• Introductions and welcome
• Review key school details to ensure the best learning experience
• Highlight personal risk experiences
• Begin the journey of applying ERM to the pursuit of value

9:15 – 10:15 a.m. - Understanding ERM

• Gain an understanding of how the curriculum ties together
• Define enterprise risk management (ERM) and related terms
• Provide overview of the ERM ecosystem 
• List the benefits and objectives of ERM 

10:15 – 10:30 a.m. - Break

10:30 – 11:00 a.m. - Group Exercise 1: Your Credit Union and Risk Management

• Meet other conference attendees
• Discuss unique risk scenarios from different credit unions 

11:00 a.m. – 12:00 p.m. - Core Financial Risk Management in Credit Unions

• Understand the evolution of risk management
• Discuss credit risk, risk-based lending, and pricing
• Learn about allowance calculations and CECL
• Discuss the basics of ALM (Asset Liability Management) 

12:00 – 1:00 p.m. - Networking Lunch 

1:00 – 2:00 p.m. - Risk Identification, Scenario Development, and Assessment

• Learn how to identify and assess risks
• Discuss how to create global scenarios
• Identify opportunities to incorporate emerging risks
• Discuss the periodic ERM update process 

2:00 – 2:45 p.m. - Group Exercise 2: Gaining Organizational Buy-in Discussion 

• Discuss how to drive real results and value
• Consider the risk management maturity model
• Identify strategies to advocate for ERM resources
• Participate in dialogue around quantifying the value of an ERM program, overcoming the challenges of gaining internal buy-in and keeping the ERM program fresh 

2:45 – 3:00 p.m. - Break

3:00 – 3:45 p.m. - ERM Regulatory, Legal, Liability, and Policy Issues

• Understand legal and liability concerns
• Learn about the business judgment rule and attorney-client privilege
• Discuss topics to cover in your ERM policy
• Discussion of what different credit unions are hearing from examiners

3:45 – 4:00 p.m. - Daily Review and Reinforcement of Key ERM Concepts with Q&A

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

7:30 – 8:30 a.m. - Breakfast 

8:30 – 10:00 a.m. - Group Exercise 3: Operational and Business Level Risk Assessments

• Participate in a group discussion as Rochdale demonstrates an operational risk assessment session and a business-level risk assessment session
• Facilitate and participate in an operational risk assessment session for a process, product or project within each group
• Facilitate and participate in a business-level risk assessment session for a business/functional area within each group

10:00 – 10:15 a.m. - Break

10:15 – 11:15 a.m. -  Economic Capital and Capital Adequacy

• Review why credit unions hold capital and discuss regulatory capital requirements
• Explore how to consider risk in analyses and decisions
• Understand the concept of economic capital in risk management
• Review methods to estimate severe losses in financial institutions
• Learn how to evaluate risk-based capital adequacy

11:15 a.m. – 12:15 p.m. - Risk Appetite 

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

12:15 – 1:15 p.m. - Networking Lunch 

1:15 – 2:00 p.m. - Group Exercise 4: Risk Appetite 

• Participate in an example risk appetite survey
• Use the results to draft a risk appetite statement
• Identify metrics for tracking risk appetite

2:00 – 2:15 p.m. - Break

2:15 – 3:00 p.m. - Strategic Risk Management

• Identify opportunities to integrate ERM with the strategic planning process
• Learn how to conduct strategic risk assessments
• Understand how to tie risks to objectives
• Discuss the identification and assessment of emerging risks

3:00 – 3:45 p.m. - Group Exercise 5: Strategic Risk Assessment

• Participate in completing a strategic risk assessment

3:45 – 4:00 p.m. - Daily Review and Reinforcement of Key ERM Concepts with Q&A

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

7:30 – 8:30 a.m. - Breakfast

8:30 – 9:15 a.m. - ERM Roles and Responsibilities 

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

9:15 – 10:00 a.m. - Psychology of Risk

• Define risk and discuss risk perceptions
• Learn about behavioral influences and bias in risk management

10:00 – 10:15 a.m. - Break

10:15 – 11:15 a.m. - ERM Reporting and Analysis

• Understand the importance of reporting and learn key components of board and management reporting
• Define the risk management committee’s role
• Discuss key performance indicators (KPIs)
• Discuss tracking actual losses

11:15 a.m. - 12:00 p.m. - ERM Integration with Other Risk Functions

• Discuss integrating ERM throughout the organization
• Review the three lines model
• Discuss how operational risk management (ORM), vendor management, and other miscellaneous functions relate to ERM
• Understand the role of internal audit 

12:00 – 1:00 p.m. - Networking Lunch

1:00 – 1:45 p.m. - Risk Management Topics – Grab Bag

• Consider ERM requirements for $10B+ CUs in charting your credit union’s ERM maturity steps
• Discuss ideas and best practices for quantifying risks
• Review NCUA supervisory priorities to identify regulatory risks
• Explore trending risk topics and emerging risks

1:45 – 2:00 p.m. - Daily Review and Reinforcement of Key ERM Concepts with Q&A

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

2:00 – 3:00 p.m. - Open Discussion of ERM Topics in Preparation for Certification Exam

3:00 – 4:30 p.m. - Credit Union Enterprise Risk Management Expert (CUERME) Certification Exam (optional)

4:00 – 5:00 p.m. - Reception