BankDirector.com: Charting a course for America's banking leaders

BankDirector Cover

Agenda

Bank Audit Committee Conference

Bank Audit Committee Conference

June 7-8, 2012
JW Marriott
Chicago, IL

View Highlights

Agenda

Pre-Conference:
Wednesday, June 6

Bank Audit Committee Peer Exchange
WOULD YOU LIKE TO MEET WITH OTHER AUDIT COMMITTEE CHAIRS AND MEMBERS LIKE YOURSELF?
The Peer Exchange provides a unique opportunity for experienced bank audit committee chairs and members to share challenges and solutions with their peers in a closed-door, off-the-record setting. Registered attendees will be divided based on their bank's asset size, and the discussion outlines are developed based on input received from participants prior to the event. (There is an additional fee for this program.)

Bank Audit Committee Primer
ARE YOU NEW TO THE AUDIT COMMITTEE?
ARE YOU STRUGGLING WITH NEW REGULATIONS AND CHALLENGES FACED BY YOUR AUDIT COMMITTEE?
This session will provide a unique, interactive learning opportunity, allowing you to take away valuable information to help you face issues happening within your bank's board.  The Primer will also provide excellent prepartaion and context to enhance your learning experience at the conference to follow. 

The Primer is led by Patricia L. Langiotti, chair of director's enterprise risk committee and former audit committee chair for National Penn Bancshares Inc., and Larry Schwartz, audit committee member for Annapolis Bancorp Inc. and audit committee chairman for First Virginia Community Bank.  
(There is an additional fee for this program.)
The Peer Exchange and Primer run concurrently.  Please choose only one of these sessions to attend prior to the conference when registering.

Bank Audit Committee Conference                                 
Thursday, June 7 - Day One
*agenda subject to change

7:00 a.m. - 8:00 a.m.
Registration + Breakfast

8:00 a.m. – 8:10 a.m.
Welcome
Al Dominick, Managing Director & Executive Vice President, Bank Director
Jack Milligan, Editor, Bank Director

8:10 a.m. – 9:00 a.m.
Industry Overview
Steven D. Hovde,
President & CEO, Hovde Financial, Inc.

A staple of all Bank Director conferences.  To open the conference, on of our industry's most respected advisors sets the table for the next two days conversations with a look at the strategic challenges, operating conditions and general outlook for banks across the country.

9:00 a.m. – 9:50 a.m.
Regulatory Panel: What Needs To Be on Every Audit Committee Member's Mind
Dawnella Johnson,
Partner, Crowe Horwath LLP
Pamela A. Martin, Senior Supervisory Financial Analyst, Division of Banking Supervision and Regulation, Board of Governors of the Federal Reserve System
Charles A. Vice, Commissioner, Kentucky Department of Financial Institutions and Treasurer of CSBS

Many board members believe the increasing level of scrutiny experienced now will only continue to increase.  What needs to be top of mind?

9:50 a.m. - 10:10 a.m.
Refreshment Break

10:10 a.m. - 11:00 a.m.
Understanding Board Liability
Dennis Gustafson,
SVP & Financial Institutions Practice Leader, AH&T Insurance

An audit committee needs to identify key areas of risk that impact the board.  From FDIC suits to shareholder litigation to other board-related liabilities, risks abound.  This session explores tactics to transfer such risk to ensure your board is protected.

11:00 a.m. – 12:15 p.m.
Peer Collaboration

Exclusive to qualified bank attendees, the peer collaboration session offers participants with unique opportunities to brainstorm, network and share insights in small peer groups.   Participants will be divided based on their institution's asset size to discuss a short list of relevant topics.
 
12:15 p.m. – 1:15 p.m.
Lunch

1:15 p.m. - 2:05 p.m.
Risk vs. the Audit Function
Edmund Green,
Managing Director, Mortgage and Consumer Lending, KPMG LLP
James Shreiner, Senior Executive Vice President, Fulton Financial Corporation
Marc Verissimo, Chief Strategy and Risk Officer, Silicon Valley Bank/SVB Financial Group

Duty of care, loyalty and good faith are the basic foundations for every board member as they strive to increase revenue and shareholder value for their institutions.  However, as regulatory requirements continue to expand, the role of the audit committee is quickly following suit, leaving many bank audit committee members concerned about their organization's appetite for risk.

2:10 p.m. - 3:00 p.m.
Breakout sessions:
(select one)

(1) Board Basics:  Audit 101
Gordon Budke,
Audit Committee Chairman, Banner Corporation
Joseph T. Ceithaml, Partner, Barack Ferrazzano Kirschbaum & Nagelberg LLP
Audit committee members are required to understand a broad range of highly technical financial, audit and risk management issues, and this informative session will identify the key information that every audit committee member needs to know.

(2) The Audit Committee's Role in Monitoring Credit Risk
Ronald H. Janis,
Partner, Day Pitney LLP
George Mark, President, Internal Audit, ICS Risk Advisors
James W. Newill, Audit Committee Chairman, First Commonwealth Financial Corporation
Banks that don't have a separate risk committee of the board usually assign the responsibility for credit risk to the audit committee.  What should the audit committee be looking for, and how should it interact with senior management on credit issues?

(3) Compensation Risk:  How Risk, Audit and Compensation Align
Anthony Bergamo,
Audit Committee Chairman, Dime Community Bancshares
Patrick J. Cole, Human Resources Senior Consultant, Crowe Horwath LLP
Todd J. Rolapp, Member, Bass Berry & Sims PLC
New federal guidelines now require banks to determine whether their compensation practices might result in an increase in risk to the institution.  This session will lay out how the audit and compensation committees should be working together to accomplish this review.

(4) BOLI:  Risk Management and Opportunities in a Low Rate Environment
Ken Derks, 
Consultant, Equias Alliance LLC
This session will include information related to the regulatory environment, BOLI due diligence process and other management and board responsibilities which include requiring banks to conduct an annual review and risk assessment of BOLI.  It will also provide educational information regarding BOLI and why banks purchase BOLI.  Given this low rate environment, banks are challenged with earnings pressures due to margin compression.  This session will provide some ideas on optimization of BOLI as well as practices using BOLI to recover employee benefit expenses and managing rising health care costs.

3:00 p.m. - 3:15 p.m.
Refreshment Break

3:15 p.m. - 4:05 p.m.
Breakout Sessions (select one)
Top Audit Committee Issues for 2012-2013
Banks today are facing an unprecedented array of regulatory, risk and profitability pressures, and this is a valuable opportunity to discus these issues with similarly sized institutions and come away with answers.

•  Large Bank
David Butler,
Regional Professional Practice Partner, KPMG LLP
J. Allen Overby, Member, Bass Berry & Sims

•  Public Community Bank
William Knibloe,
Partner, Crowe Horwath LLP
Michael T. Rave, Partner, Day Pitney LLP

•  Private Community Bank
Wynne E. Baker,
Member-In-Charge, Banking Industry Team, KraftCPAs PLLC
Robert M. Fleetwood, Partner, Financial Institutions Group, Barack Ferrazzano Kirschbaum & Nagelberg LLP

4:10 p.m. - 5:00 p.m.
Forensic Accounting & Fraud
Myles A. MacDonald,
Member, KraftCPAs Turnaround & Restructuring Group, PLLC
John E. Seward, Jr., Audit Committee Chairman, Bank of Tennessee and Audit Committee Chairman, Carter County Bank

Anti-fraud efforts typically focus on external threats.  An equal or greater exposure exists in other internal areas, including confidential data and the loan approval process. This session will discuss these internal threats.

5:00 p.m. - 6:00 p.m.
Cocktail Reception, sponsored by:  The Hovde Group

Friday, June 8 - Day Two

7:00 a.m. - 8:00 a.m.
Breakfast

8:00 a.m. – 8:10 a.m.
Welcome
Jack Milligan, Editor, Bank Director

8:15 a.m. - 9:05 a.m.
Audit Committee Panel
Robert F. Coleman,
Audit Committee Chairman, PrivateBancorp, Inc.
David Copeland, Audit Committee Chairman, First Financial Bancshares
Thomas L. Kennedy, Audit Committee Chairman, National Penn Bancshares, Inc.

This session consists of a panel of three experienced audit committee chairman who will discuss a range of issues that are important to the audit committee.  Bank Director's editor, Jack Milligan, will moderate the discussion.

9:10 a.m. - 10:00 a.m.
Topic Breakouts (Select One)

(1) The Audit Committee's Role in M&A Due Diligence
Tim Johnson,
Managing Director, Mergers and Acquisitions - Banking, KPMG LLP
Eileen Kamerick, Audit Committee Chairman, Associated Banc-Corp
With the bank mergers and acquisition market poised for its long awaited rebound, what responsibility should the audit committee have for reviewing a proposed transaction for important risk or financial issues?

(2) What is My Bank Really Worth?
Steven D. Hovde,
President & CEO, Hovde Financial, Inc.
Timothy B. Matz,
Audit Committee Chairman, PacWest Bancorp
Glenn Perdue, Managing Member, Kraft Analytics, LLC - Valuation, Forensics, Consulting

Bank M&A pricing has yet to recover to the attractive valuations that were available just a few years ago, and a volatile equities market makes the valuation process especially tricky.  This session will help audit committee members understand how the valuation process works.

(3)  Regulatory Relations:  Dos and Don'ts for the Board
John M. Geiringer,
Partner, Financial Institutions Group, Barack Ferrazzano Kirschbaum & Nagelberg LLP
Eileen Iles, Partner, Crowe Horwath LLP
Ingrid S. Stafford, Audit Committee Chairman, Wintrust Financial Corporation

In today's highly regulated environment, this informative session will help audit committee members understand their role in regulatory compliance and how to maintain a healthy relationship with their institution's primary regulator.

(4)  Risk Dashboard:  The Key to a High Performing Audit Committee
Sai Huda,
Vice President & General Manager, Enterprise Governance, Risk & Compliance Solutions, Fidelity National Information Services, Inc.
Boards today need far greater access to information and business intelligence to make sound strategic decsions.  Learn about the variety of tools available that accommodate the way you provide guidance and risk oversight.

10:00 a.m. - 10:15 a.m.
Refreshment Break

10:15 a.m. - 11:05 a.m.
Topic Breakouts II
The 9:10 a.m. topics listed above are repeated, allowing attendees to attend another breakout of their choice.

11:10 a.m. - 12:00 p.m.
Risk Oversight:  What Every Audit Committee Must Know & Do
Sai Huda,
Vice President & General Manager, Enterprise Governance, Risk & Compliance Solutions, Fidelity National Information Services, Inc.
The increasing level of scrutiny being experienced by committee members now is expected only to increase further in the foreseeable future.  This session summarizes the top risk issues facing banks today by providing both offensive and defensive strategies for a bank's board to consider.

12:00 p.m. - 12:15 p.m.
Closing Remarks
Jack Milligan,
Editor, Bank Director