Marriott Magnificent Mile
June 13 – 15, 2022

Peer Exchanges | Monday, June 13

Bank Director hosts its popular peer exchanges the day prior to our annual Bank Audit & Risk Committees Conference. Small groups of experienced audit and risk committee members, as well as senior bank executives – along with outside advisors – meet in closed-door, off-the-record peer groups for candid discussions about various issues and challenges facing officers and directors.

10:00 AM – 10:30 AM
Registration + Breakfast

10:30 AM – 10:40 AM
Welcome
Laura Schield, Chief Operating Officer, Bank Director

10:40 AM – 11:40 AM
Concurrent Bank Audit & Risk Peer Exchange Sessions
The Audit Peer Exchange focuses on topics such as audit committee functions, IT risks, regulation, committee effectiveness and communication. To open these peer exchange sessions, we take the first fifteen minutes to frame current business issues – before exploring issues such as:

  • What is the relationship between internal audit and the audit committee?
  • What is the appropriate skill set for an audit committee member?
  • Should all board members serve on the audit committee? Why or why not?

In parallel, our Risk Peer Exchange focuses on topics such as risk governance, regulation, committee effectiveness, compliance and culture. As we do with the Audit Peer Exchange, we take the first fifteen minutes to frame current business issues – before exploring risk committee-specific issues such as:

  • What are the top three risks that your bank is most concerned about?
  • What role should risk governance play in strategic planning?
  • How has remote work affected your bank’s approach and oversight of cybersecurity?

11:40 AM – 11:50 AM
Refreshment Break

11:50 AM – 12:30 PM
Concurrent Bank Audit & Risk Peer Exchange Sessions
Following a short refreshment break, we reconvene in peer exchange sessions, building on earlier conversations by addressing topics such as:

  • Should fees received by the audit committee be greater than other committees?
  • How long should a director serve on the audit committee?
  • What input are you getting from stakeholders when it comes to your bank’s approach to ESG (environmental, social and governance issues)?

For our Risk Peer Exchange, questions include:

  • What type of reporting is done to the management risk committee and the board’s risk committee?
  • How active is your bank on social media?
  • How does your bank handle vendor risk management?

12:30 PM – 1:30 PM
Networking Lunch
Provided to all peer exchange participants, we set aside an hour to allow people to eat, check emails and return phone calls before resuming the afternoon sessions.

1:30 PM – 2:45 PM
Concurrent Bank Audit & Risk Peer Exchange Sessions
For an hour and fifteen minutes, we expand our conversations to include questions like this for our Audit Peer Exchanges:

  • What are the top three regulatory compliance challenges facing your bank?
  • How does your bank evaluate the effectiveness of your board?
  • Where is their overlap between your bank’s risk and audit committees?

And questions like this for our Risk Peer Exchanges:

  • Has your bank hired a Chief Information Security Officer (CISO), and why/why not?
  • Has your bank suffered a cyber-intrusion? How did you handle it?
  • How does your bank manage enterprise risk management?

2:45 PM – 3:00 PM
Refreshment Break

3:00 PM – 4:00 PM
Concurrent Bank Audit & Risk Peer Exchange Sessions
Sample Audit Peer Exchange questions include:

  • What do you expect management to communicate to you?
  • Where does loan review sit in the organization, and what are its reporting lines?
  • What staffing and resources do you have devoted to regulatory compliance?

Sample Risk Peer Exchange questions include:

  • How can risk be measured so that it is not a barrier to growth?
  • Do those that serve on the risk committee also serve on other committees?
  • Does your bank have a Chief Risk Officer? Why or why not?

4:00 PM – 5:00 PM
Networking Peer + Guest Reception
To cap off the day, we invite all participants – and their guests – to join us for refreshments and light hors d’oeuvres.