The Daily Dividend: FMS Education

News, notes and insights from around the industry

MARCH 16, 2017
The Road to Vegas, Part I: Fun and Learning in Las Vegas
By Hilary Collins, Assistant, Publications and Research, Financial Managers Society
We’re gearing up for the 2017 FMS Forum in Las Vegas, and it’s going to be a good time! Maybe not a Hunter S. Thompson good time, but the Forum will be a great way to learn more about the issues affecting your institution, network with industry peers and maybe have some fun along the way as well.

The Forum will take place at the beautiful Red Rock Resort, a luxurious destination that offers plenty of downtime activities. Soak up some sun at the amazing three-acre pool complex, relax with a massage in the full-service spa, roll a few frames at the on-site bowling alley or sample from among a variety of fantastic restaurants. As a Forum attendee, you’ll enjoy access to all of this and more at a discounted rate – just mention FMS when booking your reservation by no later than May 25, 2017 (subject to availability).

So what are you waiting for? Now is the perfect time to join us – register for the 2017 FMS Forum by April 15th for a $100 discount!
MARCH 9, 2017
FMS Webinar:  ALM Modeling Assumptions
By Mark Loehrke, Editor, Financial Managers Society

FMS LogoAre the assumptions that feed into your risk models specific to your institution? Do they go beyond industry standards? How well do you understand them? 

In order to help you defend your model assumptions to stakeholders and have confidence in your risk position, FMS presents Don’t Assume Your ALM Modeling Assumptions Are Right on Thursday, March 23. In this live webinar session, Joe Kennerson of Darling Consulting Group will help identify the best approach for developing institution-specific assumptions, how and why to stress test those assumptions and much more.

Whether you’re taking your first in-depth look at modeling assumptions or just looking to brush up on your existing skills, this session will give you another good tool to put to use. This webinar is scheduled for two weeks from today and is complimentary to FMS members, so don’t miss out! (Not a member? Join today!)
MARCH 2, 2017
Last Call
By Danielle Holland, President and CEO, Financial Managers Society

FMS LogoYou only have a few more days to submit a nomination for the 2017-18 FMS Board of Directors. If you’re looking to put your expertise to good use and gain more in the process, this is the perfect opportunity.

The 2017 Nominating Committee is looking for individuals who are passionate about both community institutions and FMS’s role in strengthening them. We welcome nominations from any background and experience level, but are looking specifically for people who are excited about getting more involved in helping to define and execute FMS’s strategic direction.

If this sounds like your cup of tea, the nomination deadline is right around the corner so be sure to fill out an application by this Monday, March 6th.    

FEBRUARY 28, 2017
Tune In!
By Autumn Wolfer, Director, Marketing and Membership, Financial Managers Society

FMStv EpisodeFormer FCC chairman Newton Minow may have once famously described television as “a vast wasteland,” but then old Newt hadn’t had a chance to check out FMStv way back in 1961. Here in 2017, FMStv joins the ranks of exciting new FMS resources and benefits, including this blog, FMS Plus and the Community Bank Investment Index.

This online digital education portal is a brand new way to stay up to date on the latest industry topics and solutions with commentary and analysis from leading experts in their respective fields, and is now on the air with its very first episode on the proud history and bright future of FMS. FMStv is accessible via desktop, tablet or smartphone, allowing you to tune in wherever and whenever it’s convenient. Videos will be added throughout the year, and will be searchable by category, topic, company and solution as the library grows.

So tune in to FMStv today – we’re sure you’ll find it to be anything but a vast wasteland. And if you’re looking for an affordable way to showcase your company’s thought leadership on industry-relevant topics, be sure to get in touch for information on how to get on the air on FMStv.   

FEBRUARY 23, 2017
Checking in on the Chapters: School Days
By Autumn Wolfer, Director, Marketing and Membership, Financial Managers Society

FMS Daily DividendWith spring just around the corner (or at least rumored to be), two FMS Chapters have turned their attention to their annual scholarship programs. 

The New York/New Jersey Chapter selects a local school each year from which to choose recipients for its annual David W. Rossnagel Memorial Scholarships, which are awarded to accounting/finance students with a focus on serving others. The two recipients of this year’s awards hail from The College of New Jersey and will be announced at the Chapter’s monthly meeting on March 22nd.    

Meanwhile, the Philadelphia Chapter is currently busy considering the applications of twelve bright young local high school seniors for its scholarship program. Decisions will be made by early April, with the winner (or winners) set to be recognized at the Chapter’s installation dinner in mid-May.  

FMS has eight regional chapters that provide year-round education and networking events – find one in your area today!

FEBRUARY 22, 2017
The Philadelphia Story
By Tom King, Director, Education and Outreach, Financial Managers Society

FMS PhiladelphiaFMS is hitting the City of Brotherly Love in a big way this April. We hope you can join us for a few cheesesteaks and one these fantastic seminars:

FDICIA: Pragmatic Solutions
April 18-19
Learn how to design, implement and evaluate a FDICIA program while benchmarking your program against peers, and leave with some great ready-to-use risk identification tools and examples to put to work in your institution. 

Everything You Need to Know About CECL
April 18-19
Fresh off of his informative FMS webinar on the topic, top-rated speaker Mike Umscheid digs deeper into the new accounting standard with a step-by-step analysis of the regulatory challenges and mandates coming down the pike, along with a detailed look at the kind of data you should be collecting to prepare for CECL.  

Internal Audit of Credit and Lending
April 19-20
Perfect for those new to auditing the lending, credit and collection processes in their institutions, this seminar will provide a comprehensive overview of the entire loan auditing process – from documentation standards to effective loan review and more.

Make your plans now to join us in Philadelphia for one of these great educational events!

FEBRUARY 9, 2017
FMS Webinar: IRR Modeling 101
By Tom King, Director, Education and Outreach, Financial Managers Society

FMS logoInterest rate risk scenarios play a key role in the ALM process, but the confusion surrounding the many different approaches and variables that go into IRR modeling often prevents many institutions from getting the most out of this important analysis.    

For those looking to sort through the mysteries of IRR, FMS presents a convenient primer on the topic on Thursday, February 16 at 2:00pm EDT with IRR Modeling 101: Overview of EVE/NEV and NII Simulation. During this 75-minute webinar, Deb Donaldson of Alpha-Numeric Consulting will provide an overview of EVE/NEV and NII IRR simulation modeling, touching on everything from regulatory requirements to common modeling mistakes to industry best practices.

A great educational opportunity for not only those new to the interest rate risk role in their institution, but also a timely refresher for those who have been in the game for awhile, this session is happening one week from today and is FREE for FMS members, so don’t miss it! (Not a member? Join today!)


Mark Loehrke

Danielle Holland

Tom King
Director of Professional Development

Autumn Wolfer
Director of Marketing/Membership