Bank and Financial Institution Governance

Why Should You Attend:

Recent significant governance failures at banks and financial institutions around the world have had substantial costs to these organizations in terms of regulatory penalties and reputational damage.

This webinar will discuss leading standards and guidelines and will help attendees mitigate the chances of additional failures in governance at banks and financial institutions. The governance structures or best practices are outlined in standards including the Committee of Sponsoring Organizations (COSO) and Bank of International Settlements. It is based on best industry practice, supervisory experience and covers three overarching themes: guidance, issues and solutions.

The presented standards and guidelines as well as the sharing of past failures in governance will help attendees understand and learn from past mistakes and strengthen their respective roles in their institutions, thus improving governance practices. This webinar will also discuss the practicality of these principles and the implementation factors with each of them. It will identify and discuss those key players that must be actively involved in a successful control structure.

Areas Covered in the Webinar:

• Governance Failures in Banking or Financial Service Firms
• Standards and Guidelines
• Fundamental Structure in Governance for Banks (or financial services firms)
• Governance Framework per COSO
• Why use COSO?
• Internal Value
• External Value
• Defining Internal Control
• Objectives
• Components and Principles
• Organizational Structure
• Functional level of responsibility
• Key Players
• Types of Governance Assessments

Who will Benefit:

This webinar will provide valuable assistance and guidance to the following personnel in: Banks, Credit Unions, Financial Services Firms, Insurance Firms and Investment Firms:

• Board members
• General (legal) counsel
• Financial officers
• Risk officers
• Internal and external auditors
• Operational risk managers
• Regulators who supervise or examine banks or financial institutions
• Educators
• Staff with roles and responsibilities in operational risk in risk management departments, businesses and central departments
• CFOs (Chief Financial Officers)
• COO (Chief Operating Officers)
• CRO (Chief Risk Officers)
• CIO (Chief Information Officers)
• CPAs (Certified Public Accountants)
• CBAs (Chartered Bank Auditors)
• CIAs (Certified Internal Auditors)
• CFEs (Certified Fraud Examiners)

Instructor Profile:

Carlos Hondal, is the founder and Principal of "CMH Advisors, LLC" headquartered in Miami, Florida, U.S. Mr. Hondal has more than 30 years of experience in Banking, Audit, Risk Management, and Fraud Investigations. He currently provides consulting services and litigation support assistance to domestic and international clients. He also worked as an EVP, Chief Risk Officer, SVP and Director of Audit at Ocean Bank and as an audit manager at Coopers & Lybrand (PwC).

Topic Background:

In "Principles for enhancing corporate governance", published in October 2010, on the BlS.org website includes an executive summary on the elements needed to improve governance (excerpt provided):

Key areas of particular focus include: (1) the role of the board; (2) the qualifications and composition of the board; (3) the importance of an independent risk management function, including a chief risk officer or equivalent; (4) the importance of monitoring risks on an ongoing firm-wide and individual entity basis, (5) the board's oversight of the compensation systems; and (6) the board and senior management's understanding of the bank's operational structure and risks. The principles also emphasize the importance of supervisors regularly evaluating the bank's corporate governance policies and practices as well as its implementation of the Committee's principles.

This course will discuss these elements and also present the various levels of governance assessments that can be evaluated depending on the environment and board or management objective for their respective bank or financial service firm. Distinctions will be made between an overall governance assessment; an assessment of a component of the governance structure or a specific assessment of a risk element (e.g. capital or credit or liquidity, etc…).

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