This session is open to newer audit and risk committee members and chairs – as well as seasoned members and chairs who want a refresher.  It is also great for internal audit and risk staff and those that are contemplating the formation of a separate risk committee.

The objectives of this event are to demystify the roles of the audit and risk committees, to equip you to perform effectively and sustainably as a committee member/chair, to give you confidence in the execution of your duties and to provide you with context in order to maximize your overall conference experience.

The Bank Audit & Risk Committees Primer will share everything you ever wanted to know about serving on an Audit and/or Risk Committee – or serving as a committee chair – and how the committee structure is evolving. This is a non-threatening learning environment where peer input and opinions are not only welcomed, but strongly encouraged.

AGENDA | MONDAY, JUNE 13 | Sponsored by: WeiserMazars LLP

9:30 a.m. – 10:00 a.m.
Registration & Refreshments

10:00 a.m. – 10:15 a.m.
Introduction to the Primer
Jack Milligan, Editor-in-Chief, Bank Director

10:15 a.m. – 11:15 a.m.
An Overview of the Roles & Responsibilities of Audit Committee Members
John White, Principal, WeiserMazars LLP

Topics include:

• Role of the Audit Committee
• Directional Focus of the Audit Committee
• The Committee Charter
• Characteristics of a High-Performing Audit Committee
• Size, Meeting Structure, Attendees, Agenda Topics, Duties
• Role of the Audit Committee Chair
• The Whistleblower Program
• Committee’s Role in Public Communications, the Strategic Plan and Compensation Oversight
• The Committee’s Relationship with Others
• When Audit is Outsourced or Co-Sourced

11:15 a.m. – 11:30 a.m.
Refreshment Break

11:30 a.m. – 12:30 p.m.
Session I: An Overview of the Roles & Responsibilities of Audit Committee Members (continues)
John White, Principal, WeiserMazars LLP

12:30 p.m. – 1:30 p.m.
Networking Lunch

1:30 p.m. – 3:00 p.m.
Session II: An Overview of the Roles & Responsibilities of Risk Committee Members
Larry Schwartz, Audit Committee member for Annapolis Bancorp Inc. and Audit Committee Chair for First Virginia Community Bank

Topics include:

• Role of the Risk Committee
• Fundamental Concepts of ERM
• Risk Management as Forward Looking vs. Audit as Looking Back
• Risk Oversight of Non-Financial Statement Matters
• How ERM differs from Audit
• Audit and Risk Interface – So Nothing Falls Through the Cracks
• The Risk Appetite Statement
• Characteristics of a High Performing Risk Management Committee
• Risk Based Audit vs. Risk Management

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

3:15 p.m. – 4:00 p.m.
Session II:  An Overview of the Roles & Responsibilities of Risk Committee Members (continues)
Larry Schwartz, Audit Committee member for Annapolis Bancorp Inc. and Audit Committee Chair for First Virginia Community Bank

4:00 p.m. – 5:00 p.m.
Session III: Director Panel
Archie L. Bransford, Jr., Director, State Bank Financial Corporation
David L. Copeland, Director, First Financial Bankshares, Inc.
Ingrid S. Stafford, Director, Wintrust Financial
Moderated by: Jack Milligan, Editor-in-Chief, Bank Director

5:00 p.m. – 6:00 p.m.
Networking Peer & Guest Cocktail Reception
Sponsored by: WeiserMazars LLP

For more information and to register, please email or call our events department at [email protected] or (877) 397-7595.