Introduction to Enterprise Risk Management


Instructor: Dev Strischek
Product ID: 706866

  • Duration: 60 Min
This course covers the basic concepts of Enterprise Risk Management and key elements that finance executives and personnel need to be aware of when implementing ERM across their organizations.
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Why Should You Attend:

In today’s world of evolving technologies and businesses, financial organizations are taking on increasing levels of risk. This initiative has increased the need to employ appropriate Enterprise Risk Management (ERM) strategies, policies, and processes in order to identify, monitor, and manage risk at the proper levels. In a world of do more at a faster pace, it is important for companies to manage their activities in a manner that can allow them to align risk strategies with overall risk management and internal control activities. Inability to do this may put the company at risk for not being able to meet strategic objectives.

The topic of Enterprise Risk Management continues to be an important element for organizations to successfully manage risk. Yet many organizations still approach the effort as a siloed set of processes instead of as an integrated part of business operations. This can render the program ineffective.

Learning Objectives:

  • Define and explain Enterprise Risk Management (ERM)
  • Learn how to establish and manage an ERM function—organization, policies, processes
  • Identify ERM roles, responsibilities, and accountabilities

Areas Covered in the Webinar:

  • Definition of ERM
    • Enterprise risk management is a framework to reduce earnings volatility through sound risk management capabilities, a robust risk governance structure, and a strong risk culture.
    • It is the organization's enterprise risk competence - the ability to understand, control, and articulate the nature and level of all risks across the enterprise taken in pursuit of business strategies which contributes to increased confidence shown by stakeholders.”
    • Balance between risk appetite and risk tolerance
  • Spectrum of ERM risks
    • Credit risk
    • Market risk
    • Liquidity risk
    • Operational risk
    • Legal risk
    • Reputational risk
    • Strategic risk
  • Regulatory expectations for financial organizations’ ERM
    • Balanced risk-taking incentives
    • Compatibility with effective controls and risk management
    • Strong corporate governance
  • Key steps to ERM implementation and maintenance
    • The tone of the organization including risk management philosophy and appetite
    • Objectives must be in place before management can determine the events that may impact achievement
    • Identify events distinguishing between risks and opportunities
    • Analyze risks considering likelihood and impact on an ongoing basis
    • Select a risk response – avoid, accept, reduce or share risk
    • Implement policies and procedures to ensure the risk response is carried out
    • Information is captured and communicated in a timely fashion up, down and across the bank
    • The entire entity is monitored and modifications made as required
  • Risk management hierarchy
    • It starts at the top

Who Will Benefit:

  • Credit Analysts
  • Credit Managers
  • Loan review officers
  • Work-out officers
  • Commercial Lenders
  • Credit Risk Managers
  • Chief Credit Officers
  • Senior Lenders
  • Senior Lending Officer
  • Bank Director
  • Chief Executive Officer
  • President
  • Board Chairman
Instructor Profile:

Dev Strischek
Principal, Devon Risk Advisory Group

A frequent speaker, instructor, advisor and writer on credit risk and commercial banking topics and issues, Martin J. "Dev" Strischek is principal of Devon Risk Advisory Group based near Atlanta, Georgia. Dev advises, trains, and develops for financial organizations risk management solutions and recommendations on a range of issues and topics, e.g., credit risk management, credit culture, credit policy, credit and lending training, etc. Dev is also a member of the Financial Accounting Standards Board’s (FASB’s) Private Company Council (PCC). PCC’s purpose is to evaluate and recommend to FASB revisions to current and proposed generally accepted accounting principles (GAAP) that are more appropriate for privately held firms. He also serves as the PCC’s representative to FASB’s Credit Losses Transition Resource Group supporting the new current expected credit loss (CECL) standard.

Dev is the former SVP and senior credit policy officer at SunTrust Bank, Atlanta. He was responsible for developing, implementing, and administering credit policies for SunTrust’s wholesale lines of business--commercial, commercial real estate, corporate investment banking, capital markets, business banking and private wealth management. He also spent three years as managing director and credit approver in SunTrust’s Florida commercial lending and corporate investment banking areas, respectively. Prior to SunTrust, Mr. Strischek was chief credit officer for Barnett Bank’s Palm Beach market. Besides stints at other banks in Florida, Kansas City, and Ohio, his experiences outside of banking include CFO of a Honolulu construction company, combat engineer officer in the U.S. Army, and college economics instructor in Hawaii, Missouri, and Florida. A graduate of Ohio State University and the ABA Stonier Graduate School of Banking, he earned his M.B.A. from the University of Hawaii. Mr. Strischek serves as an instructor in RMA’s Florida Commercial Lending School, the American Bankers Association's (ABA) Advanced Commercial Lending School and ABA’s Stonier Graduate School of Banking, and the Southwest Graduate School of Banking. His school, conference, and workshop audiences have included participants drawn from the ABA, RMA, OCC, Federal Reserve, FDIC, FFIEC, SBA, the Institute of Management Accountants (IMA) and the AICPA. Recent conference presentations have ranged from the new GAAP accounting principles for revenue recognition, lease capitalization, and current expected credit losses (CECL) to commercial real estate concentration management, from character in lending to leveraged lending, from credit risk management techniques and tools to why EBITDA doesn’t spell cash flow. Mr. Strischek has written over 200 articles about credit risk management, financial analysis and related subjects for the ABA’s Commercial Insights, the Risk Management Association’s RMA Journal, and other business professional journals. He is the author of Analyzing Construction Contractors and its related RMA workshop. A past national chair of RMA and former RMA Florida Chapter president

Dev serves as a member of the RMA Journal’s advisory board, and an ex-officio board member of the Florida and Atlanta RMA chapters. He also serves on the advisory board of the Atlanta Chapter of the Professional Risk Managers’ International Association (PRMIA), and he has consulted on credit risk and policy issues with banks in Morocco, Egypt, and Angola through the US State Department’s Financial Service Volunteer Corps (FSVC).

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