Events : Bank Audit & Risk Committees Conference

Day One | Tuesday | October 26

7:00 AM – 8:00 AM
Breakfast + Registration

8:00 AM – 8:15 AM
Welcoming Remarks
Al Dominick, CEO, Bank Director

8:15 AM – 9:05 AM
The Biggest Issues Facing Banks Today
This session focuses on the current banking economy as well as industry trends, operating conditions and areas of potential opportunity for those banks attending this annual conference.

9:05 AM – 9:55 AM
What’s Happening in Washington That Impacts Your Bank
The Biden Administration has already made many changes – and many expect more in the next few years. This session focuses on all of the newly announced regulatory and administrative changes as well as ones expected for the future.

9:55 AM – 10:10 AM
Refreshment Break

10:10 AM – 11:00 AM
5 Risks Every Board Should Talk About This Year
Gary Bronstein
, Partner, Kilpatrick Townsend & Stockton LLP
Moderated by:  Al Dominick, CEO, Bank Director
There are a number of risks that banks have to face; five, in particular, take center stage.  From credit to strategy, market conditions to digital shifts, this session focuses on five risks all bank boards and executive teams must talk about this summer.

11:10 AM – 12:00 PM
Breakout Sessions (select one)

Breakout I: Lessons from the Future
In 2020, banks learned that models and data cannot predict everything and building reasonableness checks into models is crucial. The models must be flexible enough to prepare for the worst that could happen while keeping in mind that unusual events – like forbearance and a country-wide stimulus package – occur as well. This session offers advice learned from 2020 to future bankers.

Breakout II: Preparing For A Cybersecurity Threat
Craig Sanders
, Partner, Moss Adams LLP
This session focuses on how to best prepare your bank for a cybersecurity attack – and how the board engaged in this process.

Breakout III: Long-Term Planning In This Low, Low Environment
We are likely to be in a long period of hunkering down as interest rates continue to stay at near zero and bank growth is hard to find. Long-term planning as we settle in on this low interest rate/low credit demand environment is key. It took 7 years after the Great Recession for unemployment to reach 2006 levels. Are banks prepared to navigate this landscape? What steps should be taken now – and what about those steps that need to be taken a year from now?

12:00 PM – 1:15 PM
Networking Lunch

1:15 PM – 2:05 PM
Breakout Sessions (select one)

Breakout I: Credit and Allowances: What Should You Know
When will credit and the allowance level normalize to pre-pandemic levels? Analysts expect that Q2 and Q3 2021 will be important quarters for normalization activity – rising non-accruals, booking losses or releasing reserves. What should your bank be doing?

Breakout II: Measuring The Progress Of Fintech Relationships
As more and more banks work with technology companies apart from their cores, oversight is necessary when measuring people’s time and the opportunity cost of working with fintechs.  How do the audit and risk committees play a role in this?

Breakout III: Analyzing the Costs and Benefits of Branches
After pandemic branch closures led to some banks discovering that branches are no longer necessary, it is time for banks to aggressively audit the costs and benefits of branches.  Should new performance benchmarks for keeping a branch open be developed? What digital features and delivery channels must be developed to close a branch?

2:05 PM – 2:25 PM
Refreshment Break

2:25 PM – 3:15 PM
Breakout Sessions (select one)

Breakout I: Leveraging ESG Interests to Enhance a Bank’s Value
Environmental and social risk governance (ESG) and oversight is a growing concern for proxy advisors like Glass Lewis. Glass Lewis recommends voting against board members who are responsible for oversight of these risks if it’s clear that a company hasn’t properly mitigated these risks—due to its perceived threat to shareholder value.  Proxy advisors have also enhanced their focus on board diversity. This session addresses what you need to know as a board member about these risks and how to address them.

Breakout II: Accounting for New Vendor Risks
Banks have grown increasingly reliant on external vendors — from better serving their customers to staying compliant with the rules and regulations that apply to the industry. Yet, too many banks don’t have a strong vendor risk management program in place. This session focuses on the elements of a strong vendor risk management program and explores how to get comfortable with new technology solutions.

Breakout III: Emerging Accounting Issues
This session focuses on the latest accounting and financial reporting developments of interest to financial institutions, covering recent developments from the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC), the Public Company Accounting Oversight Board (PCAOB), the American Institute of Certified Public Accountants (AICPA) and the federal financial institutions regulators. This session covers major standards, including credit losses, which introduces the Current Expected Credit Losses (CECL) model. In addition, this session covers other standards issued and effective for 2020.

3:25 PM – 3:40 PM
What Your Peers Think: Our 2021 Risk Report
Emily McCormick, Vice President, Research, Bank Director
Craig Sanders, Partner, Moss Adams LLP
Hear about the most noteworthy results from Bank Director’s 2021 Risk Survey.

3:40 PM – 4:30 PM

4:30 PM – 5:30 PM
Networking Peer + Guest Reception
Sponsored by: Hovde Group, LLC

Day Two | Wednesday | October 27

7:00 AM – 8:00 AM

8:00 AM – 8:15 AM
Day Two Welcome

8:15 AM – 9:05 AM
Making Sense Of Change
Banks are supposed to plan for risks, but no officer or director could have imagined, let alone planned for, what happened in 2020. Now, with vaccines rolling out and businesses reopening, we talk about taking the best of the past year and building it into a business — all to better prepare for the next crisis.

9:15 AM – 10:05 AM
Breakout Sessions (select one)

Breakout I: Your Need-to-Knows About Enterprise Risk Management
This session provides an overview of the maturity of enterprise risk management (ERM) in financial services, transformation of internal auditing for future expectations and the importance and value of having two highly performing ERM and internal audit teams collaborating to add value and input on strategic goals.

Breakout II: The Real Cost of Missing Out On Talent
Bankers continue to be concerned about losing top talent to competing organizations. What is the cost to the shareholders if the bank is unable to attract and retain one or more key younger officers? This session provides case studies of custom-tailored non-qualified benefit plans used to attract and retain these key officers.

Breakout III: How Using Your Data Differently Cuts Your Risk
Data…. One of the number one buzz words in the world today. Generally, it’s coupled with
analytics, security, management or such, but the bottom line is data is imperative to a business’s
success and leveraging it properly will not only unlock new potential but will also minimize risk for an organization.

10:05 AM – 10:20 AM
Refreshment Break

10:20 AM – 11:10 AM
Breakout Sessions (select one)

Breakout I: Smoke It If You Want: Legal Marijuana Is Here To Stay
There are federal laws that continue to criminalize the sale and possession of marijuana, but there are also stockpiles of unbanked cash accumulating in states that have legalized its sale. How can a bank deal with these issues and be successful when banking marijuana?

Breakout II: The Ins and Outs of Modernizing the Bank
When a bank makes the decision to work with a fintech, convert to a new core or modernize through technology, there are more than just dollars involved.  This session focuses on all that a board needs to be aware of in terms of timeframe, people costs, hard costs and more.

Breakout III: Identifying Operational Risks
During this session, we share the operational risks that all bank directors must keep in mind – and how to best identify them.

11:20 AM – 12:10 PM
Follow The Money
Hear where the future of banking is heading.

12:10 PM – 12:15 PM
Closing Remarks
Jack Milligan, Editor-in-Chief, Bank Director