Focus: Audit & Risk


1:00 PM – 1:30 PM CST – LIVE SESSION
Ask the Experts – Audit
Michael Ososki, Partner, BKD, LLP
Mandi Simpson
, Partner, Crowe LLP
Jon Tomberlin, Managing Partner, Financial Services, Dixon Hughes Goodman LLP
Moderated by: Jack Milligan, Editor-at-Large, Bank Director
This 30-minute live moderated session allows for registered participants to ask questions of our expert panel related to all aspects of the audit function.

1:45 PM – 2:15 PM CST – LIVE SESSION
Ask the Experts – Risk
Jennifer Burke
, Partner, Crowe LLP
William Hord, Vice President of ERM Services, Quantivate, LLC
Michael Mancusi, Partner, Arnold & Porter
Moderated by: Jack Milligan, Editor-at-Large, Bank Director
This 30-minute live moderated session allows for registered participants to ask questions of our expert panel related to all aspects of risk.

2:30 PM – 4:00 PM CST – LIVE SESSION
Bank Audit & Risk Virtual Peer Exchange Sessions
(The Bank Audit & Risk Peer Exchange Sessions are full.)
Small groups of experienced audit and risk committee members, as well as senior bank executives — along with outside advisors — meet in off-the-record virtual peer groups for candid discussions about various issues and challenges facing officers and directors today. Peer exchange groups are assigned by title (director vs. bank officer), bank type (public vs. private) and asset size.


Each day’s sessions, complete with videos and presentations, will be released by 8:00 AM CST.

Welcome to Day Two: Focusing on Five Strategic Issues
Al Dominick, CEO, Bank Director
As we release the second round of content, Bank Director’s CEO, Al Dominick, reminds viewers where we were just 24 months ago. With that perspective, he lays out five areas that bank boards might focus on in advance of 2021.

Accounting Implications of the Pandemic
Mandi Simpson, Partner, Crowe LLP
This session is designed for directors focusing on the impact of the pandemic on accounting and financial reporting affecting financial institutions, covering recent developments from the Financial Accounting Standards Board, the Securities and Exchange Commission, the American Institute of Certified Public Accountants and the federal financial institutions regulators. This session addresses the changes in long-standing guidance, such as trouble debt restructuring impacted by regulatory action and the CARES Act, the related implications to credit monitoring, the practical issues the crisis has had on CECL implementation and insights on first year implementation of the CECL standard, along with broader accounting and reporting issues.

The Ex-Regulators Strike Again!
Michael Mancusi, Partner, Arnold & Porter
Charles Yi, Partner, Arnold & Porter
Moderated by: Robert Azarow, Partner, Arnold & Porter
This panel reviews the leading areas of focus of a bank’s risk and audit committees, including issues related to COVID-19 and the pandemic’s impact on credit, capital and safe and sound operations, LIBOR transition, data breach risk, banking cannabis related businesses, fintech investment & collaboration, BSA/AML and diversity & inclusion, with the panelists bringing their public policy, regulatory and transactional experiences to bear.

Sharing The Crystal Ball
Emily McCormick, Vice President of Research, Bank Director
Craig Sanders, Partner, Moss Adams LLP
During this session, Bank Director’s Vice President of Research and our survey sponsor, Moss Adams, discuss the predominate findings from Bank Director’s 2020 Risk Survey.

Model Risk Management and Model Validation Considerations
Robin Sawyer, Partner, Dixon Hughes Goodman LLP
Sound risk management practices and supervisory expectations continue to evolve with an enhanced view of what constitutes strong model risk management. Regulators and stakeholders have a keen interest in understanding methods the companies have used to assess their models’ performance. Developing a complexity-appropriate framework for controlling model risk with validation activities is a key element to proper corporate oversight.

ERM Program Fundamentals for Success
William Hord, Vice President of ERM Services, Quantivate, LLC
Enterprise risk management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. You need to answer questions such as: Do we have robust board and management support? Does our organization understand and support the importance of a strong ERM program to continue to position our company for growth? This session outlines these and other foundational elements, allowing you to start or validate your ERM program.

Red Flags for Regulators
Jennifer Burke, Partner, Crowe LLP
Joseph Durham, Senior Manager, Crowe LLP
This session discusses the five issues that examiners really focus on when they are looking for deficiencies, including: sustainable compliance management systems; BSA/AML (suspicious activity monitoring, customer due diligence and enhanced due diligence); and risk assessment (understanding the unique profile of the institution and other regulatory risk focus).

21st Century Internal Audit: How To Leverage Internal Audit to Achieve Your Business Goals
Craig Sanders, Partner, Moss Adams LLP
Mark Steranka, Partner, Moss Adams LLP
The benefits of a high-quality internal audit program are limitless: achieving reliable financial reports and regulatory compliance, navigating risks, streamlining operations and instituting best practices. In this session, we outline how to expand and strengthen your internal audit program beyond a compliance focus to encompass a more holistic and impactful approach that helps you to reduce risks, strengthen controls and enhance performance.

The Value of Data Analytics in the AML World
John Palmer
, Principal, Risk Consulting, Mazars USA LLP
Patrick Zerbib, Partner, Mazars USA LLP
This session covers challenges and best practices in setting up data analytics to support assurance of BSA/AML regulatory compliance.

Compensation Programs & Risk Management – How They Work Together
Gregory Camarco
, Associate Partner, McLagan
Bryan Lemke
, Associate Partner, McLagan
Today’s compensation plans have evolved greatly since the 2008 financial crisis. While regulatory guidance requires a principle-based approach, what have we learned in 10 years of application? This session focuses on what is important given the market correction of 2020, as well as how the United States regulatory environment compares to other major economies. This session also discusses what you need in place today from a regulatory and market perspective, what you should have given the turbulent 2020 market year and what may occur post-Presidential election cycle.

Directors & Officers & Cyber Liability: The A,B,C’s for D’s & O’s
Dennis Gustafson, Senior Vice President & Financial Institutions Practice Leader, AHT Insurance
This session begins with a review of the impact COVID-19 has on the bank D&O space. We then discuss the newest non-COVID claims and coverage trends facing bank directors and officers. Lastly, we leave you with tangible takeaways including limit benchmarking data and the top 10 coverage enhancements.

Turning Risk Challenges Into Growth Opportunities
Bart Smith, Managing Director, Performance Trust Capital Partners, LLC
Effective risk management and regulatory good standing are structurally inseparable from your bottom-line results. To perform effectively, you must have confidence that you are taking the right kind of risk and the right amount of risk. In this session, we uncover how you can dynamically measure, manage and defend your risk and regulatory positions over time in an effort to optimize the long-term performance and value of your company.

Incorporating Operational Risks and Opportunities into Your Strategic Plan
Bert Purdy, Partner, BKD, LLP
This session discusses how strategic planning is about more than just achieving specific financial results. Participants in the session: discover that employees need to be involved in the strategic planning process; learn how to critically think about “why” more than “what” or “how”; and understand how to incorporate operational risks into the strategic planning process.